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How Worker's Comp Claims Work
Main Points What is worker's compensation The process for worker's compensation Processing a worker's compensation claim Worker’s compensation, also known as workman’s compensation or workers’ comp, is a specialized type of medical insurance that covers treatment for injuries incurred on the job. Commercial workers’ comp policies may be purchased by employers, though in some states, the policies and programs are administered by the states. Professional medical billers are awa
3 Ways to Reduce Payment Delays
Main Points Set up Electronic Funds Transfer with your insurance companies to make sure that you are getting payments directly Complete Eligibility and Benefits checks so you know what the patient owes and what the insurance company owes Know your Credentialing status with each insurance company so you can submit claims seamlessly Cash flow is King... Or so they say in private practice. It is important to maintain a healthy cash flow especially when starting a practice. But i
3 Ways to Increase Payment Velocity
Collect from your patients at the time of service and while they are in your office. Set up EFT for the insurance companies that you are in-
Timely Filing and How You Can Crush It
Main Points Timely filing is when an insurance company put a time limit on claim submission
If You Want To Successfully Bill Insurance Don't...
Main Points Don't take on more insurances than you are comfortable with Don't have expectations that will set you up for failure in the long-run Don't fly higher than you are willing to fall Starting out in private practice is an exciting process. Most clinicians get into the field to help people and have a sense of if they are going to take insurance or if they are going the private pay route. If you are a therapist that takes insurance and is planning on billing insurance,
Get Paid with Accurate Patient Records!
Main Points Collecting all the information you need from your patients will help you to keep accurate records and collect from them what you need to Patient demographic information is the first step to successful reimbursement Patient demographic information is important to ensure compliance in the revenue cycle process Getting a new patient inquiry is very exciting! A new patient inquiry is evidence that your marketing efforts are working and now you have an opportunity to u
Accounting and Billing: What’s the Difference? by Julie Herres of Green Oak Accounting
You know that accounting and billing work hand-in-hand to manage the movement of money in your practice.
This Is When You Need a Billing Consultant
Mental health billing in private practice can require the outside expertise and knowledge of a professional.
Individual vs. Group Health Plans? What You Need to Know
Main Points: The idea of individual vs group health plans came from how the insurance industry and healthcare changed over time...
4 Signs It's Time to Hire By Julie Herres of Green Oak Accounting
Tell me if this sounds like you: You're crazy overwhelmed and working all hours of the day. You procrastinate tasks because you're "too busy" (but really, you just don't want to). You have a waitlist. You could work more revenue-generating hours, if only you had more time. Sound familiar? Then it’s time to hire. If there are tasks on your daily/weekly/monthly to-do list that you simply don't enjoy, why not play to your strengths and work in the areas you shine? It’s more fun
