Underpayments pose a persistent challenge in healthcare billing, impacting the revenue cycles and operational efficiency of healthcare providers. This blog delves deeper into various strategies and technologies that healthcare providers can employ to minimize underpayments effectively. Understanding and Preventing Underpayments The first step in tackling underpayments is understanding their origins, which often include coding errors, […]
Tagged in: Billing Software
Harnessing the Challenges and Complexities of Telemedicine Billing
Since the COVID-19 pandemic began, telemedicine has seen unprecedented growth. According to the CDC, there was a 154% increase in telehealth visits during the last week of March 2020 compared to the same period in 2019. This surge highlights the critical role telemedicine plays in providing essential healthcare services, particularly under challenging circumstances. As telemedicine […]
Strategic Billing: Transforming Medical Debt into Recovered Dollars
With medical practices being pressured by escalating costs and complex regulatory requirements, efficiency in medical billing is essential for sustainability. According to GITNUX Market Data Report 2024, the US healthcare system loses up to $935 million a week because of medical billing errors. For healthcare providers looking to navigate the intricacies of practice management, the […]
Beyond Software: Training, Compliance, and Security – The PHIMED Value Difference
Medical care must adhere to a plethora of criterium before it is deemed ‘excellent’. Revenue cycle management (RCM), regulatory compliance, and data security significantly impact the efficiency and success of healthcare services. At PHIMED, we know these challenges and offer a unique blend of software solutions, training, and expertise that extends far beyond conventional software […]
