Level Medical Billing Knowledge Hub
Level Medical Billing Knowledge Hub
Population-based payments to replace fee-for-service
The rapid decline of in-person visitation in early 2020 due to the COVID-19 pandemic revealed the unstable reality of fee-for-service payments, which should be replaced by population-based payments, authors of an article recently published in JAMA suggest. Suhas...
Offering long-term payment plans to meet the financial needs of patients
As healthcare payment liability continues to shift to patients, it has become increasingly important for healthcare organizations to offer convenient and accessible patient payment options. Prior to COVID-19, the exponential growth of high deductible health plans...
How Revenue Cycle Technology Got Patients Back to the Office
Patient volumes have exceeded pre-pandemic levels for Family Practice Associates of Lexington PSC thanks to patient engagement and revenue cycle technology. After experiencing a significant dip in patient volumes during the COVID-19 pandemic, Family Practice...
Quality Care Family Practice Hires Experts to Handle Billing
CASE STUDY Quality Care Family PracticeLocation: Corona, CAFounded: April 15, 2012Provider: Dr. Anuradha Sathya, MD, Family Medicine SpecialistPractice Administrator: MK Sathya HIGHLIGHTS Days in A/R reduced by 84%Average reimbursement per encounter increased by...
Health Systems Losing Money on Employed Physicians During COVID-19
Health systems are facing a mean subsidy, or loss, of $227K per employed physician, while hospitals continue to underperform due to COVID-19, Kaufman Hall reports. The ongoing COVID-19 pandemic is creating a perfect storm for health systems, which appear to be taking...
81% of Physicians Still Providing Fewer In-Person Visits, AMA Finds
The loss of in-person visits coupled with higher-than-normal expenses threatens physician practice viability, the American Medical Association says. Physician practice viability is under threat as physicians continue to see fewer patients in-person, according to a...
Medical Groups At Least A Year Away from Recovering Revenue Losses
Most medical groups and health systems expect to overcome COVID-19 revenue losses in a year or more, but about a quarter are still unsure when or if they will ever return to pre-COVID levels, AMGA reports. Most medical groups and integrated health systems will need at...
Avoid these 5 common billing mistakes
A little attention to small billing mistakes can save your practice big money It’s easy to make small mistakes when billing. Unfortunately, small mistakes can sometimes cost you big money. Fortunately, it might not be as difficult as you think to avoid them. Here are...
Why getting claims right the first time is cheaper than reworking them
Medical practices continue to be squeezed by increasing costs and decreasing reimbursement, emphasizing the need for better clinical coding and editing technology that can improve claims even before they’re submitted. The numbers are staggering. Industry averages...
4 tips to prevent a credentialing crisis
Stop relying on Excel spreadsheets and calendar alerts. Improve your credentialing efficiency, accuracy and speed with technology. From small private practices to large health systems, healthcare organizations must navigate the constantly evolving requirements and...