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

Limited staffing resources pose a significant challenge for the healthcare industry, particularly in patient billing processes. While the adoption of a patient payment solutions has seen exponential growth in recent years, many providers experience dissatisfaction with the results. Outdated technology and a lack of integration with existing systems are key reasons these solutions often fall short. Providers require efficient tools to optimize patient payment collections, especially as the industry transitions away from traditional cash payments. A comprehensive assessment of current patient pa ..read more

In today’s fast-paced world, patients expect convenience, transparency, and personalized experiences – even when it comes to medical bills. Traditional billing methods, with long wait times and confusing invoices, often fall short of these expectations. This leads to frustration, delayed payments, and even strained patient relationships. What if there was a way to bridge this gap? What if you could leverage digital patient communications tools to streamline the patient billing process, boost collections, and improve overall patient experience? Here are three cutting-edge digital tools that can ..read more

The human touch in medical care is paramount, yet certain aspects like billing thrive on efficient automation. Automated patient payments offer a win-win solution, enhancing patient experience, streamlining workflows, and driving positive financial outcomes for your practice. The Benefits of Automated Patient Payments While traditional payment collection often requires balancing advantages and disadvantages, automated patient payment systems offer an array of benefits with minimal drawbacks, presenting a compelling opportunity to optimize your organization’s ..read more

With a new year on the horizon, it’s a good time to look ahead at the upcoming trends in healthcare billing. As technology continues to evolve and regulations change, the patient billing landscape is also constantly shifting. In this environment, remaining adaptable is key—because now more than ever, those who resist change will run the risk of losing revenue and patients. These are what we project to be the top healthcare billing trends in 2024. 1. The Rise of Artificial Intelligence Continues In recent years, artificial intelligence (AI) has become increasingly prevalent in the healthcare in ..read more

With a new year on the horizon, it’s a good time to look ahead at the upcoming trends in healthcare billing. As technology continues to evolve and regulations change, the patient billing landscape is also constantly shifting. In this environment, remaining adaptable is key—because now more than ever, those who resist change will run the risk of losing revenue and patients. These are what we project to be the top healthcare billing trends in 2024. 1. The Rise of Artificial Intelligence Continues In recent years, artificial intelligence (AI) has become increasingly prevalent in the healthcare in ..read more

Skipping investments in new healthcare billing systems? There’s a price for that. While it may seem tempting to hold onto legacy systems as long as possible, not upgrading creates challenges for the provider, the facility, and the patient. 1. Excessive Postage Costs Older systems may not have the capabilities of newer ones, which means you could be leaving significant time and money on the table. And, as technology goes, older systems become more expensive to maintain and less secure over time. Consider these five challenges that older healthcare billing systems create and why it’s time to upg ..read more

The healthcare industry is facing many changes that pose new challenges to medical organizations big and small. In particular, the fast-evolving government regulations, staffing shortages, technological innovations, and patient expectations create a new environment in which running a medical practice involves more than just treating patients. Looking into 2024 and beyond, let’s examine seven significant challenges faced by the healthcare industry and how you can stay ahead. 1. Cybersecurity Although ransomware, data breaches, and other cybersecurity concerns are nothing new to the healthcare i ..read more

The healthcare industry is turning to automation to solve a number of problems related to limited staff resources, and billing is one such area. In recent years, the number of providers that have adopted a patient payment solution has grown exponentially, yet many find themselves dissatisfied with the results. With limited staffing, it’s no wonder that providers have sought to automate some of their processes—especially those related to patient payment collections. But with outdated technology and inadequate integration into existing systems, many are finding that their current solutions aren ..read more