CPT Code 99204: Billing Guide
CPT code 99204 is a Current Procedural Terminology (CPT) code used to report a new patient’s office or outpatient visit that involves evaluation and management. The American Medical Association (AMA) maintains this code, which is integral to medical billing procedures by standardizing the coding system. The code is used when a comprehensive assessment is necessary […]
Analyze Payment Variances & Save Your Healthcare Practice From Financial Loss
Failure to keep a close eye on payment variances can result in the loss of hard-earned revenue. Unfortunately, it has become one of the major reasons that healthcare providers lose millions of dollars annually. Are you successfully analyzing the payment variances to keep your healthcare business afloat? If not then what are the major hurdles […]
Significance of a Strong Net Collection Ratio_ An Important Metric For Your Healthcare Business
When did you last examine your net collection rate as an element of your business’s financial health? Tracking this rate has always been paramount; besides, it is definitely crucial in the latest healthcare scenario. There are two reasons. Firstly, high deductibles have shifted the financial burden to the patients who can’t pay. Secondly, in terms […]
Key Terms & Components of Healthcare Contract Management Providers Need to Know
Medical billing & coding Claims management Revenue cycle management Value-based patients care These are the most talked about things in the healthcare industry. As a physician, you might have frequently heard about the top ways or solutions to improve medical billing services or RCM, etc. But have you ever thought about effective healthcare management? Unfortunately, […]
