Medical Billing

The Most Effective Method for Collecting Patient Cost-Sharing

The Most Effective Method for Collecting Patient Cost-Sharing

Introduction: Which Method Is Best Practice for Cost-Sharing Collection? In today’s healthcare environment, collecting patient payments is more complex than ever. With rising deductibles, co-pays, and co-insurance responsibilities, practices need efficient and patient-friendly ways to collect what’s owed. This raises the key question: Which method is best practice for cost-sharing collection? Cost-sharing refers to the […]

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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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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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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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What Is MPPR

What Is MPPR and How Does It Affect Medical Billing in Florida?

In today’s complex healthcare billing landscape, understanding policies such as Multiple Procedure Payment Reduction (MPPR) is crucial for maintaining revenue integrity. MPPR policies affect reimbursement rates when multiple services are provided to the same patient on the same day, particularly for medical practices in Florida that handle high patient volumes or specialize in outpatient care.

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