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Supporting Episode-Based Billing Models

The Role of MSOs in Supporting Episode-Based Billing Models

As the healthcare industry pivots toward value-driven care, many providers in Florida are adopting episode-based billing models. These models require a nuanced understanding of what constitutes an episode in medical terms and demand rigorous coordination across services. That is where Management Services Organizations (MSOs) play a transformative role. MSOs streamline billing processes and mitigate the […]

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Protect Your Practice from Unfair Billing Disputes

How IHBS Helps Protect Your Practice from Unfair Billing Disputes

Unfair and unethical medical billing practices in US healthcare have surged in recent years, creating serious financial vulnerabilities for medical providers. For practices in Florida, the consequences are particularly acute. With frequent policy shifts, payer audits, and increasingly complex documentation standards, even honest mistakes can be misinterpreted as fraud. These billing disputes not only threaten

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What Is Payment Posting in Medical Billing

What Is Payment Posting in Medical Billing and Why It Matters in Florida

Payment posting in medical billing is far more than a clerical task; it is a cornerstone of successful revenue cycle management. Healthcare practitioners across Florida are increasingly recognizing that understanding the nuances of payment posting can significantly enhance their financial health. Whether you are navigating insurance reimbursements or managing patient payments, mastering this process is

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billing & collections

What Are the Steps in Payment Posting?

Payment posting plays a crucial role in the financial health of any healthcare organization. If your practice is striving to achieve streamlined revenue cycle management in Florida, understanding what the steps are in payment posting becomes essential. From claim submission to payment reconciliation, each step influences not only the efficiency of your billing operations but

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Target Collections in Your Healthcare Practice

How to Set and Track Target Collections in Your Healthcare Practice

Medical practices in Florida are facing growing demands to improve revenue cycle management while maintaining high-quality care. Setting a precise target collection is no longer optional; it is essential to ensuring financial viability. Practices that align their collection goals with real-time billing data and revenue insights tend to outperform their competitors in terms of patient

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Receivable Management Services in Florida

Why Your Practice Needs Receivable Management Services in Florida

The health of a medical practice is not solely measured by its clinical outcomes but also by the strength of its financial backbone. In Florida, where the healthcare landscape is becoming increasingly competitive and complex, the need for professional accounts receivable mgmt has never been greater. Timely payments, reduced write-offs, and accurate reimbursements are crucial

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DME Billing in 2024: What Medical Practices Need to Know in Florida

Durable Medical Equipment (DME) billing in 2024 introduces a new set of compliance requirements, DME CPT codes, and reimbursement strategies essential for medical practices in Florida. The stakes are high. Without accurate billing and documentation, claims are denied, cash flow stalls, and compliance risks rise. This year’s updates, including Medicare Part B’s DMEPOS coverage refinements

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Understanding CPT Code 99233 What Physicians and Billers Should Know

Understanding CPT Code 99233: What Physicians and Billers Should Know

When it comes to hospital inpatient and observation care, CPT codes 99233 often play a pivotal role in determining both reimbursement and compliance. Yet, despite its frequency, the CPT code 99233 description and documentation guidelines are commonly misunderstood or misapplied. For healthcare providers and billing teams, precision is crucial, both for maintaining patient care continuity

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Provider Contracting Process in Florida

Top Mistakes to Avoid During the Provider Contracting Process in Florida

The provider contracting process is one of the most critical aspects of medical practice administration. In Florida, where the payer landscape is varied and increasingly complex, even minor missteps during this process can result in long-term consequences. Many practices underestimate the importance of scrutinizing contract details, accurately managing credentialing timelines, or negotiating payment terms. These

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Medical Practices Navigate MCO Contracting in Florida

How IHBS Helps Medical Practices Navigate MCO Contracting in Florida

Navigating an MCO contract is one of the most complex administrative tasks facing Florida-based healthcare providers. Managed Care Organizations (MCOs) establish strict reimbursement terms, performance requirements, and credentialing processes. These contracts influence everything from daily operations to long-term profitability. A single oversight can delay payments, expose your practice to compliance risks, or lock you into

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