Technology: The Good and The Bad
MEREM Health Blog
by Amanda Cherry
1M ago
Certainly, let’s discuss technology, specifically focusing on billing software in the context of a billing company. Technological advances have indeed revolutionized the way billing and financial operations are managed. However, like any tool, billing software has its advantages and disadvantages, and its effectiveness depends on various factors, including the company’s understanding and utilization of the software, as well as the education and procedures in place for employees. The Good: Efficiency: Billing software can significantly increase efficiency by automating repetitive tasks, such ..read more
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Principles of Improving Patient Procedure Collections
MEREM Health Blog
by Amanda Cherry
8M ago
It has never been more important to the financial health of your practice to have an efficient patient pre-collections program in place. The goal is to get patients to pay in full prior to the procedure. The motto for getting paid is to Ask Early and Ask Often for Payment. The fact is, the further into the collections process you go, the less likely a patient is to pay in full. If your practice’s patient collection efforts only go as far as issuing statements and generating “bad debt” reports of accounts that are turned over to collections, it’s likely that less than 50% of those collection ba ..read more
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Outsource to Avoid Medical Billing and Coding Errors!
MEREM Health Blog
by Amanda Cherry
5y ago
By utilizing an experienced team of medical billers and coders who are knowledgeable in various specialty medical codes and trends, you can rest assured that things are being handled properly behind the scenes while you and your medical team can take care of patients upfront. Chances are what first brought you into the healthcare industry was wanting to help others. You wanted to make a difference in people’s lives and give them more quality years. However, as you started your own private medical practice, you probably saw it was filled practice management tasks leaving you with less t ..read more
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Next Level Coding Begins with Improved Documentation
MEREM Health Blog
by Amanda Cherry
5y ago
We asked our expert coders: “What is the #1 thing that can be done immediately to increase reimbursements?” You may be surprised by the answer:  Improve Documentation. Your clinical documentation is the key to your reimbursements and the profitability of your practice. The simple answer to how you can make sure you are maximizing reimbursements for your practice is by improving your clinical documentation and detailing every surgical dictation… the end result can literally take your coding to the next level. Detailed documentation is imperative. You know what procedur ..read more
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Specialty Healthcare Solutions expanding outside of Birmingham, Alabama
MEREM Health Blog
by Amanda Cherry
5y ago
Birmingham, Alabama based specialty healthcare solution company, MEREM Healthcare Solutions, is preparing to expand their outsourced healthcare solutions to specialty practice physicians across the Southeast. MEREM Healthcare Solutions aims to partner with rural healthcare providers across the Southeast such as individual physician practices, specialty physician groups, and healthcare institutions across the state of Alabama, Tennessee, Mississippi, South Carolina, and Georgia who are facing economic pressures and in need of revenue improvement, strategic practice planning, credentialing a ..read more
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In-House Medical Billing Costs More – Outsource!
MEREM Health Blog
by Amanda Cherry
5y ago
Medical Billing and Coding Services is an essential part of any medical practice – which makes many practitioners think it is something that should only be performed in-house. Of course, once they figure out how much it costs you to have medical billing in-house, they tend to look toward the possibility of outsourced medical billing. Believe it or not, outsourced medical billing can have an outsized impact that includes costing you less over time than having these capabilities in your practice. Here’s why. Medical Billing and Coding Services – Cost of In-House Billing A look at in-ho ..read more
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Don’t underestimate the integral role medical billers and coders play in the healthcare industry
MEREM Health Blog
by Amanda Cherry
5y ago
While it tends to be that the people who are in the frontlines get the most notoriety, it is important to remember there are many people “behind the scenes” who are just as important to your medical practice. Therefore, while we don’t want to take away from the amazing work of physicians, nurses, front desk employees, etc., our team at MEREM Healthcare Solutions also wants to make sure medical billers and coders receive the recognition they deserve for the critical role they play within the healthcare industry. There isn’t growth without the experience of medical billers and coders o ..read more
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How You Can Effectively Handle Claims Adjustments
MEREM Health Blog
by Amanda Cherry
5y ago
When a physician provides medical services to a patient, the expectation is that they will receive reimbursement for that service. When the payer issues a denial and requires a claim adjustment, the provider doesn’t receive their payment. Many times these denials can be appealed, depending on the reason for the denial. Below, the medical billing and coding experts at MEREM Healthcare Solutions have provided five of the most effective responses you should take when handling a claim adjustment. 5 Effective Responses to Common Claim Adjustments Prove Medical Necessity Sometimes claims are denied ..read more
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April 2019 Worst Month on Record for Healthcare Data Breach
MEREM Health Blog
by Amanda Cherry
5y ago
Warning: DATA BREACH According to Becker’s Clinical Leadership & Infection Control, April 2019 was the worst month on record for healthcare data breaches. Alone, there were three data breach occurrences which affected the disclosure of more than 439,000 patient charts. Financial Impacts of A Healthcare Data Breach According to www.hipaajournal.com, data breaches in healthcare are the highest of any industry in the United States. And as of July 2018, on average, a data breach costs the infected organization $408 per record. The average cost per record of data breaches in other i ..read more
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Credentialing Mistakes That Can Drive Down Your Revenue
MEREM Health Blog
by Amanda Cherry
5y ago
Credentialing new providers with insurance payors and enrolling providers for the facilities they serve in is a time-consuming and detailed requirement of every medical practice.  Common credentialing errors cause scheduling delays, fluctuation in revenue cycle, and much more. Failure to complete enrollment and submit proper (and often timely) credentials for a new provider or physician can lead to a significant revenue loss. Below is a list of four significant provider credentialing mistakes that can drive down your practice revenue. Not Planning Enough Time for CredentialingIncompl ..read more
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