OSI | Medical Billing and Coding Outsourcing Blog
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OSI is one of the leading medical billing and coding companies providing medical billing services, insurance eligibility verifications and authorizations, medical coding for ICD-10, CPT, HCPCS, and HEDIS. Information on outsourcing medical billing and coding, medical transcription, insurance verification and authorizations, appointment scheduling.
OSI | Medical Billing and Coding Outsourcing Blog
5d ago
Table of Contents
Advantages of Outsourcing Insurance Verification
Medical practices face several challenges that can hinder efficiency and impact revenue cycles. One aspect that the front office often has problems handling is checking patients’ insurance coverage. While a patient’s insurance coverage may seem straightforward, not checking details can create billing complications. Insurance verification services play a vital role in this context by ensuring smooth billing processes for patients and proper compensation for healthcare providers.
The key health insurance-related issues that me ..read more
OSI | Medical Billing and Coding Outsourcing Blog
5d ago
Table of Contents
Dental Billing Process Explained
Just like in any other specialty, accurate billing is crucial in dental practices too. It is essential to running a dental practice because it affects the practice’s financial stability and profitability. Dental billing has become a complex and critical task as the importance of dental care has grown. Accurate dental billing ensures financial steadiness by securing correct reimbursement for services rendered, and covering operational expenses. It also enhances patient satisfaction, as it reduces confusion regarding billing matters, thus rai ..read more
OSI | Medical Billing and Coding Outsourcing Blog
5d ago
Table of Contents
Significance of Medical Practice Cash Flow
Best Practices to Enhance Medical Practice Cash Flow
How a Medical Billing Company can Help
Running a successful medical practice involves not only providing quality patient care but also managing the financial aspects that keep your practice thriving. One crucial element of financial management is maintaining a healthy cash flow – the lifeblood of any healthcare organization. This can be challenging, considering that your medical practice’s cash flow is affected by various factors, from increasing regulatory changes and evolving ..read more
OSI | Medical Billing and Coding Outsourcing Blog
2w ago
Table of Contents
Impact of Coding Errors
Role of Compliance in Minimizing Denials
Strategies for Achieving Accurate and Compliant Coding
A key component of revenue cycle management (RCM), medical coding involves converting medical services, diagnoses, procedures, and equipment into codes for claim submission. Accurate and compliant coding is necessary to minimize denials and for providers to receive prompt and appropriate reimbursement for patient care. Accurately translating medical documentation into appropriate codes requires expertise and many providers are turning to professional medi ..read more
OSI | Medical Billing and Coding Outsourcing Blog
2w ago
Table of Contents
How Outsourcing Medical Billing Saves on in-House Costs
Outsource Billing: Stay Updated and Save Money
Managing medical billing can pose significant challenges. Regardless of the size of a healthcare practice, the process of generating and submitting claims to insurance providers and patients for healthcare services rendered involves substantial costs. Poor billing practices can be costly. Many practices opt to outsource medical billing operations as it lowers operational costs.
Let’s explore the many ways medical billing services optimize cost efficiency.
Let us handl ..read more
OSI | Medical Billing and Coding Outsourcing Blog
3w ago
Table of Contents
Out-of-Pocket Costs – What Providers Should Know
The Importance of Real-time Collection of Out-of-Pocket Costs
Verifying a patient’s insurance coverage before their appointment is a key step in the medical billing process. Insurance eligibility verification helps healthcare providers determine what services are covered under a patient’s insurance plan and what costs the patient will pay out of pocket. Collecting out-of-pocket payments in real-time can provide several advantages for your practice and your patients.
“Patient receivables account for 30 percent of provider rev ..read more
OSI | Medical Billing and Coding Outsourcing Blog
3w ago
Table of Contents
Can AI Deal with Complex Medical Records Like Humans Do?
Manual Medical Coding Vs. AI-powered Medical Coding
The Future of Medical Coding – AI Hand-in-Hand with Human Intelligence
Artificial Intelligence can play a role in medical coding by reducing human coding errors, increasing efficiency, ensuring on-time claim submission and processing, and thus accelerating the revenue cycle. AI tools can also process a large amount of data quickly, making coding faster and lowering the risk of mistakes by humans. AI-powered medical coding services integrate with your existing medica ..read more
OSI | Medical Billing and Coding Outsourcing Blog
1M ago
Table of Contents
How does Health Insurance Eligibility Verification benefit Patients?
Why Pre-appointment Insurance Verification is Important
In the dynamic healthcare landscape, patient satisfaction has become a critical measure of success for healthcare providers. Insurance plays a vital role in determining the financial aspects of patient care. Insurance verification services involve a series of steps for determining patient coverage and financial responsibilities to facilitate a smooth financial process for both healthcare providers and patients. Proper patient eligibility verification ..read more
OSI | Medical Billing and Coding Outsourcing Blog
1M ago
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Definition of Critical Care Services
Reporting Critical Care Services
Services Included in Critical Care
Billing Critical Care Services – Key Points
Medical Record Documentation
Critical care medicine specialists are responsible for diagnosing and treating a diverse range of diseases. Caring for critically ill patients requires a multidisciplinary team approach. However, reporting critical care services can be challenging due to the complex rules and regulations involved. As a medical billing and coding company, we stay current on these guidelines to ensure that clients’ s ..read more
OSI | Medical Billing and Coding Outsourcing Blog
1M ago
Table of Contents
Green Practices in Healthcare Insurance Verification
Sustainable Approaches to Insurance Eligibility Checks in Medical Practices
Integrating sustainability into a business strategy has become a necessity. Adopting a value-driven approach in the formulation of business strategies is essential for ensuring long-term success. In the dynamic landscape of the insurance industry, there is a growing emphasis on reducing environmental impact through green insurance verification. Let’s discuss the concept of green insurance verification and the various sustainability practices asso ..read more