The application of artificial intelligence (AI) demands a judicious and data-driven strategy. Initial enthusiasm led to widespread adoption, but practical experience has highlighted the importance of aligning AI capabilities with specific operational needs. Healthcare organizations are grappling with complex revenue cycle management issues, stemming from evolving insurance reimbursement policies, rising patient financial burdens, and multifaceted […] The post Leveraging AI to Predict Patient Payment Behaviors appeared first on MailMyStatements ..read more

For those involved in medical practice management or billing, a thorough understanding of the healthcare superbill is essential. This article provides a comprehensive overview of the superbill, explaining its significance in contemporary medical billing practices and outlining its impact on both providers and patients. Understanding the Healthcare Superbill A superbill is an itemized billing document […] The post Healthcare Superbills Explained: A Guide for Providers appeared first on MailMyStatements ..read more

Healthcare providers and billing professionals frequently encounter challenges with outstanding patient accounts. A significant portion of daily operations may involve pursuing overdue payments and mitigating the financial consequences of unpaid balances. Understanding why medical bills go unpaid is the first step toward developing effective strategies to address these issues. Below, we discuss some of the […] The post 8 Reasons Your Patients Aren’t Paying Their Medical Bills appeared first on MailMyStatements ..read more

The Consumer Financial Protection Bureau (CFPB) recently issued new medical debt collection rules, targeting practices like double billing and inflated charges. This is a significant development for revenue cycle management (RCM) teams, highlighting the need for robust internal controls and a focus on patient financial experience. Why is the CFPB issuing new medical debt collection […] The post The Impact of New Medical Debt Collection Rules on Healthcare Providers appeared first on MailMyStatements ..read more

One of the top concerns for healthcare practice managers and billers is getting patients to make payments in a timely manner. There are countless tips and resources with ideas on how to accomplish this, but one method is often missing—improving patient financial literacy. Understanding medical bills, insurance policies, and payment options can empower patients to […] The post 3 Strategies to Increase Patient Financial Literacy appeared first on MailMyStatements ..read more

Artificial intelligence (AI) has revolutionized many sectors of the economy already, but with healthcare, the stakes are higher. When people’s health—and even their lives—are on the line, it’s easy to see why the rollout of AI has been a bit more conservative in our industry. Still, AI is already at work in healthcare, and as […] The post Is AI Curbing Healthcare Inflation? appeared first on MailMyStatements ..read more

In today’s increasingly interconnected world, seamless data exchange across various industries has become an essential aspect of efficient operations. This principle holds true in the healthcare sector as well, where information about patients and their health journeys needs to be readily accessible across different healthcare providers, institutions, and stakeholders. This is where healthcare interoperability comes into play. What is Interoperability in Healthcare? Healthcare interoperability refers to the ability of different information systems to seamlessly exchange, integrate, and interpr ..read more

Intensifying workloads, intricate regulations, and ever-shifting healthcare landscapes are pushing medical billing departments to the limit. Fortunately, innovative technologies like Robotic Process Automation (RPA) are emerging as powerful tools to address these challenges and revolutionize the landscape of medical billing. What is RPA? RPA is a technology that utilizes software robots, also known as ‘bots’, to automate repetitive, rule-based tasks typically performed by humans. These bots can mimic human actions by interacting with various computer systems, extracting data, manipulating info ..read more

MailMyStatements Revolutionizes Healthcare Billing with Cloud-Based Patient Communication & Collection Tools MailMyStatements’ new BillingCylce Plus lets patients choose their digital communication preferences, set up payment plans, and more. Castle Rock CO, April 16, 2024 – MailMyStatements (MMS), a leading provider of print and mail services, announced a groundbreaking new digital billing solution: BillingCycle Plus. BillingCycle Plus boasts a comprehensive digital billing solution that complements third-party systems by featuring customizable communication preferences, helping to mitiga ..read more

The dynamic healthcare landscape necessitates continuous adaptation within the medical billing industry. Maintaining a comprehensive understanding of evolving healthcare billing regulation shifts, such as recent updates to ICD-10-CM, is paramount for healthcare providers and billing professionals. This article delves into these changes and their impact on achieving accurate coding, efficient claim processing, and optimal reimbursement. A Constant State of Flux: Understanding Healthcare Billing Regulation Shifts  Healthcare billing regulation shifts are driven by various factors, including ..read more