Tag Archives: finance

Top 3 Practices for Cardiology Medical Billing Services

While hundreds of medical billing companies have been introduced over the years, only a few of them can effectively optimize cardiology billing systems for maximized revenue streams and faster payments. Most established medical billing companies concentrate on various practices such as pediatric billing, OB/GYN billing, and orthopedic billing. However only few offer expertise in cardiology medical billing due to the rich complexities involved with this particular type of billing.cardiology medical billing

We’ve researched many potential providers of cardiology billing services to narrow it down to three companies. Below we provide the firms that offer specialized cardiology medical billing services.

1. Practice Management

Established in the year 1995, Practice Management offers some of the industry’s leading medical billing services with expertise in serving cardiologists. Since then, the firm has been assisting doctors and medical practices to run their ventures more efficiently. Practice Management uses a fee-based model to evaluate billing service fees, but also tailors custom programs for each individual client. This method is based on three factors: payer mix, practice’s volume, and medical specialty.

Practice Management offers comprehensive medical billing services with proficiency in cardiology medical billing services. There are few medical billers with a significant range of medical billing services such as Practice Management. The company offers medical billing services in the following fields: allergy, cardiology, electrophysiology, dermatology, FQHC, ENT, family practice, internal medicine, health center, gastroenterology, OB/GYN, neurosurgery, pediatric, orthopedic, pain management, podiatry, vascular surgery and urology. The venture is also involved with the administration, electronic health records credentialing, billing management and medical billing consulting.

Following all the state and federal laws, Practice Management provides a custom-tailored cardiology billing services made to lower overhead costs and raise reimbursement growth as well as revenue and cash flow. Its cardiology billing system focuses on coding, cardiology billing security credentialing, and procedures (angiography, cardiovascular monitoring, atherectomy, cardiac catheterization, implantable, echocardiography, nuclear studies, evaluations, and stent), consultation and follow-ups. The company’s cardiology billers merge advanced technology with efficient revenue management to provide these services. To learn more about Practice Management’s cardiology medical billing services, click here, or visit the website at MaximizedRevenue.com

2. Billing Paradise

Billing Paradise is a medical billing company which was started in the year 2000. It’s one of the remaining companies providing cost-effective outsourcing remedies to the physicians. It brags of qualified healthcare specialists, professional coders and medical billers who improve collection premiums as well as increasing physician reimbursement.

Billing Paradise provides medical billing solutions in the following fields: cardiology, family practice, dermatology, internal medicine, endocrinology, OB/GYN, urology, gastroenterology, neurology, ophthalmology, rheumatology, optometry, nephrology, pediatric, otolaryngology, surgery, podiatry and physical therapy. Its billing program includes critical processes like claims submission, charge entry, account receivables, a point of contact, customized reports and denials management.

Billing Paradise is well informed with insurance carrier policies which make it offer exemplary cardiology billing services. Besides, it handles patient billing functions, charge postings and reviews and billing inquiry calls. Using a reputable EHR, efficient AMR software and following the correct cardiology billing process, the company ensures its customers (physicians) get paid for the services provided. To learn more, click here.

3. 5-Star Billing Services Inc.

With years of experience in the market,  -Star Billing Services provides professional medical billing and services related to medical practitioners. The company boasts of a proficient team of top cardiology billers with submission system and efficient appeals that raise cash flow lowers denials and cuts down self-billing costs.

5-Star Billing Services focuses in the following areas: cardiology, family practice, dermatology, internal medicine, gastroenterology, mental health, medical billing, occupational therapy, OB/GYN, orthopedics, oncology, ophthalmology, podiatry, pain management, pediatric, sleep medicine, physical therapy, rheumatology, surgery, speech pathology and urology.

5-Star Billing Services believes in account reimbursement and the best practices of medical billing. Its billing system lowers expenses and raises revenue. The business submits claims electronically for the remote access patient’s data. The company manages receivables through coding, AR cardiology tracking, patient relations, client reporting, collections, and managed care contracts and fees analysis.

5 FAQs About Bank Vault Security for Financial Institution

A bank is the most reliable institution where you can put your money. The bank does its best in order to make sure that your savings are in good hands. One of the factors that contribute to the safety of the bank is the equipment used in the operation. Handling cash is one of the main parts in the bank. In order to keep the money securely, the bank should provide a durable vault. The vault probably is the most secure part of the bank. It is made of thick and durable metal and protected by a code which mostly only two cash custodians know.modular bank vault door

That brings security to your cash more than anything else could. Security breaches,however, are mostly played by traitors inside a financial institution. Events like robbery and theft most of the time are not to be blamed to the vault itself which most of the time is always at work when it comes to serving its purpose. However, regardless of the security it offers, there are still a lot of questions raised about it. Here are five of the most frequently asked questions about bank vaults.

How safe is a bank vault?

A bank vault appears to be so impenetrable, but how really safe is bank deposits when they are placed inside the vault. The key to answering this question is the type of material being used in making a vault. A vault’s door including its walls consists mainly of hardened concrete, rods made of really durable and high-quality steel for reinforcement and a special formula which only the makers know for added strength and durability. The door is then secured with complex locks to ensure the safety of whatever is inside. So the next time you ask yourself about this question, I guess the answer is clear.

What is typically contained inside bank vaults?

Most of us think that a bank vault contains only our cash and cash alone. At least that’s what an average individual would think. Bank vaults are actually used to keep important and confidential documents as well. These are the type of documents which may put the bank’s existence at risk the moment it gets to the wrong hand.

What are modular bank vaults? modular bank vaults for sale

This question is very specific and is often raised due to the fact that modular bank vaults have become popular nowadays. Modular banks vaults are a type of bank vault that utilizes flexibility at its finest. Most bank vaults for sale are made to be installed in a single place but this type can be transported from one place to another. You can learn more about modular bank vaults for sale at SeicoSecurity.com.

What bank vaults are best for personal purposes?

Most of bank vaults are actually custom made, as they depend on the kind of institution that wants it as well as the bank vault suppliers providing the system. The factors at play would be the size of the place where it is to be installed, the type of design, and the kind of materials to be used. It all boils down to one thing, the prize!

Should I trust my bank’s vault?

The answer to this question is already very obvious. Your bank’s main goal is to make sure every money that comes in the bank are secured as ever. Bank vaults are durable, hard to crack and serve only a single purpose, to protect that every hard money you earn as long it takes.

3 Complex Areas of Medical Billing Worth Outsourcing

Medical billing refers to the process of surrendering insurance claims and looking into them with the intention of receiving payments for services offered by healthcare providers.

With the various complex forms of medical billing and coding, an expert biller can help in improving revenue performance for the health providers. Hence, it is advisable for medical professionals or clinics to outsource such complex areas to experienced medical billing companies or consultants.medical billing outsourcing

Medical billing is an important step in settling health insurance claims for any healthcare institution. The following three areas of medical billing are worth outsourcing because of their complexities. Each of them offers its fair share of hurdles and challenges that require keenness of an expert medical billing specialists.

FQHC Billing

Termed as Federally Qualified Health Center (FQHC) Billing in full, it takes account of physicians’ services, along with those additional services carried out by a physician. Billable visits include face-to-face encounter between physicians and the patients.

FQHC billing covers the services rendered by Physician Assistants (PA), Nurse Practitioners (NP), Visiting Nurses (VN), Certified Nurse Midwife (CNM), Clinical Social Worker (CSW) and Clinical Psychologist (CP). FQHCs can help in executing billing for face-to-face, therapeutically essential visits provided by dentists, chiropractor, optometrist, or podiatrist.

As long as the medical services meet FQHC requirements, the service provided on the list of qualifying visits will guarantee payment. The complexity of FQHC billing is that all the furnished healthcare services must reflect the scope of practice of every state for the practitioner. Furthermore, it necessitates that all HCPCS codes must reveal the practical services furnished in the claim. As a result, many of these health centers opt to outsource their needs via FQHC billing services.

Surgery Billing

medical billing codesSurgery billing ensures that healthcare providers submit an accurate CPT-4 code, which clearly gives a comprehensive account of the surgery done for all the services furnished in the package. Professional billers can help you submit well-defined and accurate claims indicating the exact date of surgery.

Such vital measures take in the dates when the healthcare providers furnish the full global period, which may include surgical care only, postoperative care, or shared postoperative care. Surgery billing has complex processes because the surgery billing department must get in touch with the patients’ insurance company for the verification of their coverage details.

It also helps in obtaining any precertification or authorization for the services rendered by your surgeon. It becomes a challenge if your physician did not provide the billing office with accurate insurance information. Therefore, a dedicated billing company will always help to streamline such mistakes by contacting the patients and the physicians immediately.

Cardiology Billing

When it comes to cardiology, the financial strength of the practice directly correlates to the timely settlements of insurance claims. Outsourcing cardiology billing services to a qualified billing company stands out as one of the vital decisions healthcare providers can make concerning their business practices.

Cardiology billing companies must have the necessary expertise for handling complex procedures offered by its processes and modifiers. Cardiology billing services come with many challenges compared to other specialties because of the sophisticated medical procedures.

The last few years have seen many changes to the billing and coding regulations resulting in fee cutbacks for cardiologists. Therefore, it is necessary to hire cardiology billing experts to carry out billing for cardiologists. They will provide flawless, undeniable billing and coding services to achieve maximum timely settlements for your medical claims and practices.

Outsourcing the above forms of medical billing and coding helps in translating healthcare services quickly into billing claims. In any healthcare facility, medical billers play the vital role of following up the claim to make sure that healthcare providers receive timely payment for their services.

Creative Innovations in Security Systems for Banks

With cyber crimes rife in the world, traditional bastions of security have become inadequate for the banks. The creativity of the criminal has to be combated with equally matching creativity on the part of the detective.atm bank security skimming

In the digital age of banking insufficient security systems are a total risk. Today crimes are committed by people who are educated, technically adroit and well organized as cartels with an international network. This realization has prompted banks to invest more efficiently on fool proof security system that can safeguard valuable assets and documents in the custody of banks.

Innovations in Bank Security Products & Technology

Banks are eager to provide the customer an enhanced banking experience. However, how this ease in banking can go hand in hand with equally efficient security. The track record of fraud is a repeated pattern: pilfer data, steal cash and launder money. Yet the realization of the repeated signature in the pattern of crimes has not made the banks address the crime problem that has been harrowing the banking world.

Recently banks have started innovating on the securing front by greater reliance on technology by projecting the future threat perceptions. This is a wonderful development and banks are ready to invest in more sophisticated security system that will prevent future crimes.

Digital Security Protocols

One of the modes of operation by cyber criminals is the installation of malware that monitor the banking activities all the time from the computer of the banks. To combat this, banks should adopt a multi layered detection and risk-combating security systems. This should be made available to the clients as well in an affordable way.

The data stored with the banks are encrypted to enhance security. However, the moment the date is sent from the bank anywhere the encryption is no more available. There should be security systems in place which ensures that the data encryption is maintained all the time including during the time of transit. Such encryption devices are now available and banks should employ them.

One of the ways in which cyber criminals access the bank accounts of clients is by hacking and penetrating the admin credentials of the banks. In such situation, it is possible to introduce security systems that insist on multiple authentications.

On the Cutting-Edge

The possibility of biometric based security system has not been sufficiently developed in banking. Even today the customers are given the traditional log in id and passwords. The hackers have a way of securing them somehow. However, a security system that makes use of the biometric access control features can prevent crimes to a great extent. The biometric approach to crime prevention is perhaps something that can easily be used. It is surprising one of the natures own unique identity written on your body does not find its way in the fight against crime in our banks.

Some internet security experts feel that in the near future the internet access to anything and everything likely to make the clients more vulnerable to crime. They are suggesting an integrated approach in which biometrics, IP addresses, a unique identifier suggested by the client and GPS delivered password security will do the trick.

There are also specific products like, Centripetal Networks – which gives advanced cyber security solution, including a network-based security application and other appliances and services. Dashlane, as its unique name shows, uses sophisticated real-time semantic breakdown to auto fill docs on almost in webpage, facilitating checkouts without keyboards and logins.

Get more information on creative security systems designed for financial institutions and banks at:

Seico Security
132 Court Street
Pekin, IL 61554
1-800-272-0316
www.SeicoSecurity.com

5 Creative Health Center Billing Strategies for FQHCs

Virtually every medical practice has to bill patients, work with insurance carriers, and maintain billing records. Federally Qualified Health Centers (FQHCs) are no exception. And as a matter of fact, patient billing for FQHCs is much more complex than you can imagine. FQHCs have several departments that should work in an efficient manner to ensure seamlessness of the whole process of patient billings.

That is the reason FQHCs must create and implement effective policies and strategies for accurate patient billing. Another great benefit of solid policies is increased patient satisfaction. Below are five effective health center billing strategies for FQHCs to make the process seamless and successful.

fqhc billing strategies

Understand The Overall Billing System

First of all, it is of vital importance to understand the overall system of billing and revenue cycle in the health center to make sure the systems work as expected. Many health centers think that the real billing system is the submission and payment of claims. The fact of the matter is each staff member play a great role in making the billing process as smooth as possible.

The overall FQHC billing process starts when a patient sets an appointment and comes to an end when he or she gets the required treatment and pays the entire bill. The process of billing that should be in place should involve several steps, such as registration of the patient’s, charge entry, posting of payment and handling the accounts receivables.

Acquire Information From Patients

The FQHC staff should collect and implement and store accurate information about each patient , including insurance and demographics of the patient as soon as the patient enters the facility. On the first appointments, the staff should acquire information about insurance, birth date, phone number and residence address.

patient billing form

If you choose to work with an FQHC billing company, some companies provide access to software to help streamline this process. It’s important that your FQHC billing agency helps train staff on how to use this software properly and efficiently to acquire and record patient data.

Carry Out Reconciliation

Reconciliation of encounter forums with the schedule of appointment is another strategy for perfect billing system. The accounts department should then reconcile the total amounts with the reports generated by the management on a daily basis.

This allows the health facility to track all the missing encounter forms. As a result, this ensures that the whole process is seamless. The biggest benefit of this strategy is that it prevents the revenue loss.

Update The Fee Schedule Annually

The fee schedules of the FQHC should be updated on an annual basis. For fair revenue generation, the staff should set reasonable charges for the codes to ensure the achievement of reimbursements.

Another idea is to compare the fees with those of charged by other health centers. Here it should be noted that insurance companies don’t usually pay the full amount of the contract or amount billed, which means that charging lower than the contracted amount will lead to loss for the facility.

Let Each Patient Know The FQHC’s Billing & Financial Policies

Lastly, a health center or FQHC should let all its patients know about its FQHC billing and financial policies. For this, a single page with the financial policies written on it clearly should be given to each patient at the facility. Of course, it would be a summary of the FQHC billing policies.

Each patient should sign the document, and then the document should be put inside his medical treatment file. On the document, the payment terms, authorizations, information about insurance and cancellation policies should be clearly stated. This, in short, is health center billing best practices.

For keeping an FQHC in good shape, many strategies can be implemented, but starting with these five strategies can be good ideas. If these work for you, your facility can be really successful.

Medical Billing Strategies for FQHCs & Community Health Centers

Patient billing processes for community health centers (CHCs) and federally qualified health centers (FQHCs) is not only a daunting, but also a very confusing task that calls for a creative combination of resources and strategic-minded approach.

Since most common patients of these health centers are usually underprivileged and low-income, fulfilling patient billings is a true battle that is essential to survive.

Medical Billing Consult with FQHC Staff

If you work for or own a FQHC or a CHC that is in a dire need of improving on its complex billing process, explore the following four creative and highly effective patient billing for FQHCs and CHCs.

1. Collecting co-payments prior to providing medical services

Before a patient visits the doctor of the center, the front-door staff should clearly communicate with the patient and audit his/her billing and personal information during registration. This will allow the center to collect the co-pay immediately and later concentrate on collecting any remaining receivable from Medicare, insurance companies and Medicaid.

Following this simple billing strategy will allow a center to realize higher collections. Centers should therefore restructure their staff and internal processes in order to put these collection systems into place. Ensure you collect between 90-95% of the total co-pays in advance.

2. Integrating credentialing protocols

Credentialing is one of the most important component of realizing the right amount of money from your patients and their health care systems. Initiating a perfect credentialing protocol or system enables FQHCs and CHCs to closely monitor progress of collecting submissions and to review all billing details. In other words, credentialing helps in keeping all information together in one place.

3. Maintaining accurate health records electronically

FQHCs and CHCs can simply patient care, make accessing patients’ data easier and improve on overall patient engagement through maintaining complete information about each and every patient, their financial information and health electronically. EHRs (electronic health records) are best when stored online through the cloud, or using software solutions.

Do some research on the best EHR software platform for your center’s billing efforts. It is important to use the most recent software for CHC and FQHC billing. Medical billing rules are constantly changing and these software automatically update with changes in these rules.

A medical billing consultant can also provide great opportunities and unlimited access to a wide range of EHR software.

4. Collecting full patient information

Collecting full patient information increases billing efficiency. It is therefore important that you take your time and ensure that patient’s information is both accurate and complete. Take a patient’s full name, address, date of birth, multiple phone numbers and work information.

This information is usually critical when working with insurance companies and as a part collection procedure in case the patient ignores payment requests. Ensure you also get the patient’s social security number as it may be helpful when you want to turn non-payments to a collector.

FQHCs and CHCs should implement effective billing procedures and policies in order to increase revenue, lower costs and improve patient care and satisfaction. The above discussed four creative billing procedures will help you achieve these goals.

5 Important Tips for Safe & Secure Online Banking

Security is one of the top concerns that consumers have when opening a bank account; there are numerous stories in the news of banks getting hacked because of finding new ways to crack through weak security protocols, which is scary for account holders who have entrusted their money to these institutions.

secure online banking

Although these things do seem to happen more frequently than anyone would like, as a consumer, you do have a right to hold your bank to a certain set of expectations regarding their security and surveillance system standards. Top banking institutions will already know of these concerns and have practices set in place to minimize any risk to you and other clients.

1. Exercise caution clicking on links from unknown email addresses

One of the easiest ways for scammers to infiltrate your banking information is by sending you a phony link and asking you to click on it in order to verify your information. Once you click on the link, it could take you to a fake site that looks legitimate and before you know it, they have captured all of your financial info. Always go to your bank’s website, rather than navigate there through a link.

2. Check your financial accounts frequently

There is no limit to how many times you can log on and check your most recent transactions, so use that to your advantage. Often times, hackers make charges to bank accounts and the account owner does not find out until days or weeks later because they do not remain up-to-date with what is going in their account. Verify all recent charges to ensure that they are ones you have recently made.

3. Regularly change your passwords

Yes, it is easier to use the same password for all of your accounts and never change them because you are more likely to remember it, but that also makes it easier for scammers to infiltrate into your accounts. Try to pick a unique password every few months or so with a mix of letters, symbols and numbers, and remember them by using song lyrics, mnemonic devices or other clues.

4. If you see something peculiar, call your bank immediately

The faster you get on potentially fraudulent activity, the better. So many fraudsters get away with scamming because people do not speak up when they see something in their account that does not look right. Many people start to second guess themselves and rationalize that maybe they did actually make a particular charge and just forgot about it. But if you know something does not seem normal, speak up and let your bank security staff jump on the case.

5. Limit your paper trail or shred judiciously

Financial documents like bank statements and receipts contain a wealth of information that people can use to hack into your accounts. This risk can be minimized by going digital and opting out of receiving paper statements each month. If you like receiving paper statements to stay apprised of account activity, cross paper shred them once you are done with them before throwing the documents away as accessing financial documents found in the trash is one of the easiest ways for fraudulent activity to occur.