What Is HIPAA? HIPAA, or the Health Insurance Portability and Accountability Act of 1996, are a set of federal rules governing the security and privacy of patient’s health information. Some parts of the act include the Identifier Standards, the Privacy Rule, the Security Rule, the Enforcement Rule, and Breach [...]
The Revenue Cycle is the collection of processes involved in generating revenue for healthcare services. This cycle can include steps such as checking a patient's insurance eligibility to submitting claims and reporting payments. Each step is crucial. Revenue cycles could look like this: But why is the revenue cycle important? [...]
There are many responsibilities in the medical billing practice and having to manage multiple claims at once can get stressful. To assist your medical billing journey, here are some tips that we find helpful. 5 Medical Billing Tips 1. Stay organized It may sound simple, but this trick can help [...]
Before we dive into the world of medical billing, let us discuss what it is exactly and how it differs from medical coding. When a patient visits a healthcare provider, notes are documented with items such as the patient’s conditions, diagnoses, and procedures taken. These procedures all have a unique code [...]
On January 21 2021, President Biden's administration set new measures to help reduce the spread of COVID-19. Part of the new policies include working to expand testing capacities in laboratories and to expand the supply of tests. A new Pandemic Testing Board will support and oversee these policies. You can [...]
Not sure what an EOB is? Wonder what a deductible is and why the insurance was not paid because of it? There is an abundance of vocabulary in the medical billing world, so to help, we have compiled a list of some common medical billing vocabulary to get you started! 1. [...]
