News

7 Ways to Handle Your Practice’s Denial Management

Medical claims are a major part of the profitability of your practice. It can also be a major source of revenue loss when claims are denied. Denials negatively impact operational cash flow, revenue, and efficiency. According to the American Academy of Family Physicians (AAFP), denials for physician practices are between 5 and 10 percent. To […]

How to Properly Handle Medical Billing Patient Phone Calls

Medical billers must have a comprehensive knowledge of various aspects of physician practice management. They must know billing and coding as well as explain the costs of medical treatment to a patient in person. They must also know Medicare/Medicaid regulations, HIPAA, and other complex state/federal guidelines, insurance requirements, and more. None of that compares, however, […]

How an Effective Revenue Cycle Management Benefits Your Practice

Medical billing and coding are complicated. For many medical practices, they are often overwhelming when combined with all the other responsibilities your staff has. If this process is plaguing your practice, a structured revenue cycle management (RCM) system may need to be implemented to help your practice operate more smoothly and optimize cash flow. The […]

The Basics of the ICD-10 Structure

With changes to the ICD-10 code scheduled to go into effect on October 1, 2015, it is important to understand the ICD-10 code sets that are scheduled to replace it. ICD-10 is divided into two general categories for the purposes of reporting medical diagnoses and inpatient procedures. ICD-10-CM covers coding for diagnostics across all healthcare […]

Does Your Medical Practice Have Workflow Issues?

Simply put, a workflow is the pattern and amount of work that comes in and goes out from your office and staff. The key to a good flow is to eliminate those tiny sources of inefficiency, such as inconsistent medical billing or collections, before they begin to inconvenience patients, disrupt your practice, and hinder profitability. […]

5 Medical Billing Mistakes We Can Help You Avoid

When you think of good medical practice management, you likely think of all the things you can do to keep your bottom line strong, such as going paperless or being more efficient. Of course, steps such as those are crucial, but it’s easy to overlook another aspect of good practice management that’s just as essential: […]

5 Easy Steps to Going Paperless

You don’t have to be told how time-consuming it can be to track down medical billing records when they’re in paper form. Yet, you still haven’t made the move to paperless for one reason or another. Well, here’s a reason that may make you rethink this: not going paperless is costing you money. If your […]

How to Keep Your Medical Practice Secure

Although the specialists at ML Medical Billing mainly take care of your office’s billing and coding, another of their specialties is helping you run your business more smoothly. One of the most important medical practice management services we offer is how to keep your practice and patient data secure. Protecting patient information, sometimes referred to […]

Outsource Your Medical Billing to Get Paid Faster

Medical billing can be time-consuming, yet, if you’re like many physicians who are in private practice, you have your staff handle patient billing in-house. No doubt you know that billing is also one of the most complicated aspects of running your own medical practice. However, did you know that handling you patient billing in-house could […]

5 Ways to Better Engage Patients by Outsourcing Medical Billing

With the ubiquity of social media and the ease of global connected-ness, it’s easy to think that long wait times are not a nuisance to patients. After all, the vast majority of people these days seem content spending time with their smartphones, tablets, and other devices. Yet, a long patient wait time is not good. […]

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