Why Outsourcing Medical Billing is a Game-Changer for Small Practices
In today’s rapidly evolving healthcare landscape, small medical practices face numerous challenges, from maintaining high-quality patient care to managing administrative tasks efficiently. One of the most critical yet often overwhelming aspects of running a medical practice is billing. The transformative impact that outsourcing medical billing can have on small practices is worth exploring. The...
Benefits of Outsourcing Medical Billing :: Infographic
Outsourcing your medical billing can transform your practice in numerous ways! From cost savings to enhanced efficiency, it allows your healthcare facility to thrive. Check out our latest infographic to learn about the key benefits and see how outsourcing can make a difference for your practice today. For more information, contact SAMCI and let us help you streamline your billing processes!
The Growing Issue of Prior Authorization Denials
In 2023, HealthLeaders has labeled it the "year of reducing denials for the revenue cycle," and recent studies underline the growing concern of denials among revenue cycle professionals. Of particular concern are prior authorization denials, which have seen a significant uptick. According to the Crowe RCA benchmarking analysis, denials accounted for 11% of all claims in 2022, marking an 8%...
Medical Billing: Navigating the Financial Aspect of Healthcare
Medical billing plays a pivotal role in the complex world of healthcare, serving as the bridge between medical services and financial transactions. At its core, medical billing is the process of translating healthcare procedures and treatments into standardized codes that facilitate accurate and timely reimbursement from insurance companies and patients. When a patient receives medical services,...