RMK HOLDINGS INC. specializes in fulfilling the resource gap after the medical claim is billed.
The information below suggests reasons for and ways to avoid crippling your cash flow by effectively managing claim denials. The most common six reasons are:
Insured patient costs have increased 256 percent between 2004 and 2014 according to a survey in 2016 by The Henry J. Kaiser Foundation. Assist your patients and team to quickly obtain payment and successfully close accounts while boosting patient satisfaction and overall experience.
A huge threat to receiving timely healthcare reimbursements are the dreaded claim rejections and claim denials. In addition, these are two phrases often used interchangeably in healthcare billing circles that shouldn't be because they hold two different meanings. Understand the difference and adjust your workflow to reduce double work.
Some sobering numbers surfaced from a 2016 Black Book Market research survey. They surveyed 2,000 independent physicians and 200 hospital-based physicians. The results suggested that 90% or nine in ten small, independent practices are financially and technically challenged to implement value-driven care for patients.
The Centers for Medicare & Medicaid Services (CMS) decided to reimburse providers as a monthly fee for remote patient monitoring (RPM) billed under CPT code 99091. The services are defined as
A HIPAA guidance release in January notes that providers can share information with the loved ones of patients even if they are not seen as relatives under current laws. An accompanying FAQ elaborated on the update stating that it is generally permissible to allow disclosures to a loved one not married to the patient or other recognized relatives. In these cases, the same circumstances and conditions apply if the individual was a spouse.