As a doctor or medical billing company, you play a critical role in ensuring that patients receive the healthcare they need. However, did you know holding onto insurance claims for too long can have detrimental effects on both your practice and your patients? In this blog post, we will explain why delaying payment on insurance claims is not only detrimental but also illegal.
Using old or outdated medical billing software may seem like a cost-effective solution, but it can pose significant risks to both patients and healthcare providers. As technology continues to advance and improve, it’s essential for medical practices to stay current with their software and equipment to avoid unnecessary risks.
Security Breaches
One of the most significant risks associated with using old medical billing software is the potential for security breaches.
PARAMUS, N.J. — Microwize Technology – a Healthcare IT firm providing Electronic Health Records, Medical Billing software, and solutions – located in Paramus, New Jersey announces the release of new RCM (Revenue Cycle Management) services with no upfront investments. Physicians will have access to a certified all-in-one cloud-based EHR with a billing,
It is a question I have often heard from practices since 2018, and the simple answer is greed. The American Medical Association (AMA) realized they could charge doctors a licensing fee and saw no reason not to dig deeper into the pockets of America’s healthcare providers.
The simple answer is that the AMA is a corporation.
Securely maintaining electronic patient data within healthcare organizations, while ensuring the right people have access to their data, has never been more important. Historically, health officials could not talk about patient data without acknowledging the Health Insurance Portability and Accountability Act (HIPAA). HIPAA was designed to develop a consistent set of standards to protect patients’ data from disclosure without their consent.
Health. Tuesday’s decision by the Third Circuit Court of Appeals officially ends the NJ hospitals’ plans to merge.
A 2021 law drafted as a compromise between tax-exempt non-profit hospitals and the NJ municipalities in which they’re located is being challenged by a lawsuit. State legislators tried to address the dispute, where billion-dollar hospitals paid little to nothing in property taxes, with the law. A 2015 court ruling found that Morristown Medical Center was liable for taxes as a result of operating in large part as a for-profit organization.
It’s been demonstrated that healthcare providers can see patients who are at home (or anywhere). Moving Health Home, a coalition of healthcare companies including Amazon Care, is now educating and lobbying officials and policymakers in support of home-based care. The group supports increased coverage for home care services and bundled payments.
In addition to Amazon’s foray into healthcare,
Now more than ever, having flexibility in your medical practice can save the day. Being adaptable could be the difference between business interruption and being a stable health care provider for your patients. Let technology put your practice on the leading edge of medicine while making your practice a safer more efficient place to work and visit.
