by BillingFreedom | Jan 9, 2024 | All, Billing Company, Coding, Industry Professional, Medical Billing
The medical billing and coding sector is poised to experience substantial growth, with an anticipated increase of 8-15% between 2020 and 2024. This upward trajectory is primarily attributed to the aging baby boomer population, leading to a heightened demand for...
by BillingFreedom | Jan 9, 2024 | All, Billing Company, Coding, Industry Professional, Medical Billing
Timely and accurate reimbursement is leading to the financial sustainability of healthcare practices, making it imperative to monitor claim payments rigorously. Failure to do so can lead to underpayments, impacting the bottom line and hindering the ability of...
by BillingFreedom | Dec 21, 2023 | All, Billing Company, Industry Professional, Medical Billing
Prior Authorization (PA) is integral to healthcare Revenue Cycle Management (RCM), bridging the gap between clinicians and health insurance payers. When clinicians propose specific medical treatments or procedures, they must seek prior approval from payers to ensure...
by BillingFreedom | Oct 27, 2023 | All, Billing Company, Industry Professional, Medical Billing, Physician
Healthcare inflation is driving patient out-of-pocket expenses in 2024. HHS and CMS predict 7.97% inflation. This alarming figure puts a heavy financial strain on patients. Most Medicare drug plans have a “donut hole” that temporarily limits drug coverage,...
by BillingFreedom | Oct 27, 2023 | All, Industry Professional, Physician
Generative AI is poised to be a game-changer in healthcare, offering potential solutions to some of the sector’s most pressing challenges. However, it’s essential to recognize that this promising technology is still evolving and brings its own complexities...
by BillingFreedom | Oct 19, 2023 | All, Billing Company, Coding, Industry Professional, Medical Billing, Physician
In the complex dimensions of healthcare, where each specialty presents its unique set of obstacles, the Obstetrics and Gynecology (OB/GYN) field stands out as particularly demanding. OB/GYN practitioners encounter many hurdles that necessitate a delicate fusion of...