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.
Medical billing and coding are the cornerstone of any medical practice, ensuring that insurers pay doctors and hospitals properly.
A well-run billing department is a great asset to any practice and is crucial to long-term success. We interviewed our medical billing team at Microwize to get their feedback on the medical billing and coding questions everyone wants answers to.
Some people refer to it as the “Big Quit,” while others call it “The Great Resignation.”
If you missed the ”60 Minutes” segment on Sunday, January 9th, it discussed why more Americans are quitting their jobs. Many businesses are having difficult finding skilled workers to hire. To summarize the segment:
Insurance carriers are increasingly resorting to reimbursing medical claims using virtual credit cards (VCCs), but the convenience to healthcare providers is offset by the loss of some of that medical reimbursement to transaction fees.
While being paid via VCC is a more efficient reimbursement than the paper checks of yore, they aren’t legally considered “electronic”
Please join me today to talk about Vosita Telemedicine and how to signup for free and how to code and bill.
