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Practices Increase Collections from Patient Services

How IHBS Helps Practices Increase Collections from Patient Services

Every healthcare dollar matters, especially in today’s environment where administrative burdens and rising patient financial responsibility are testing the limits of medical practices. Despite high patient volumes, practices in Florida and beyond are struggling to convert services into payments. The gap between patient visits and actual collections has widened due to unclear billing processes, poor […]

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Value-Based Payment Models in Florida

Understanding Value-Based Payment Models in Florida

Florida’s healthcare environment is undergoing rapid change. Gone are the days when more services meant more revenue. Today, the most successful medical practices are those that understand, implement, and thrive within value-based payment (VBP) systems. If you’re wondering what value-based payment is or how it impacts your practice, you’re not alone. These models have become

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CPT vs. HCPCS Codes

CPT vs. HCPCS Codes: What’s the Difference?

Accurate coding is the lifeline of any healthcare billing operation. For medical practices in Florida seeking to enhance their revenue cycle management, understanding the distinction between CPT and HCPCS codes is more than a regulatory requirement—it is a strategic advantage. As billing complexities increase, knowing which code to apply ensures your practice receives timely and

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Medical Practice Needs a Staffing Assessment

Signs Your Medical Practice Needs a Staffing Assessment

Medical practices in Florida face constant pressure to deliver top-quality care while maintaining operational efficiency. One overlooked factor contributing to burnout, delayed billing, and reduced patient satisfaction is ineffective staffing. Recognizing early signs that your practice needs a staffing assessment is crucial. Staffing issues can derail even the most well-structured healthcare operations. From the front

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Medical Coding and Billing Accuracy in Florida

How Medication Variance Affects Medical Coding and Billing Accuracy in Florida

Medication variance has emerged as a subtle yet highly influential factor in the financial performance and operational stability of healthcare practices, particularly in the state of Florida. At its core, this variance refers to discrepancies in how medications are prescribed, administered, or documented—an issue that increasingly affects how providers code procedures and receive reimbursements. As

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Variance Rate Can Improve Your Practice’s Revenue Cycle

How Monitoring Variance Rate Can Improve Your Practice’s Revenue Cycle

Every dollar counts when you’re running a medical practice in Florida. Yet many providers unknowingly lose revenue due to overlooked inconsistencies in their billing processes. This silent profit killer is known as the variance rate, and mastering its monitoring can significantly enhance your revenue cycle management in Florida. As practice management services in Florida become

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Manage MPPR in Medical Billing

How to Manage MPPR in Medical Billing to Maximize Reimbursement

Medical billing professionals know the importance of every dollar in revenue cycle management. One of the biggest hurdles to full reimbursement is the MPPR, or Multiple Procedure Payment Reduction. This regulation can significantly impact the earnings of healthcare providers if not correctly managed. Understanding MPPR and implementing strategies to address MPPR adjustments are crucial for

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Managing Contract Medical Providers

Managing Contract Medical Providers: Tips for Medical Practices in FL

Across Florida, healthcare practices increasingly depend on contract medical providers to keep pace with growing patient demands. This model offers undeniable advantages, including flexibility, cost efficiency, and scalable resources. Yet, without meticulous management, it introduces significant risks, operational inefficiencies, compliance vulnerabilities, and revenue leakage, which can hinder your practice’s overall performance and patient care standards.

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ICD-10 Coding for Confusion

ICD-10 Coding for Confusion: Common Mistakes & Preventions

Accurate diagnosis coding is foundational to clinical documentation, reimbursement, and regulatory compliance. However, when it comes to mental status changes, such as confusion, errors in ICD-10 coding are more common than most providers expect. Terms such as “confused ICD-10” or “ICD-10 confusion” yield high search volumes, reflecting widespread uncertainty in the healthcare industry. For practices

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AR Management Is Critical for Practice Revenue in Florida

Why Effective AR Management Is Critical for Practice Revenue in Florida

Managing accounts receivable is one of the most critical components of financial success for any medical practice in Florida. Yet many providers do not fully understand what AR stands for in medical billing, and more importantly, how it impacts the bottom line. Whether you are an independent provider or part of a group practice, inefficient

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