Monday, 22 July 2013

Get all your Insurance claims processing services reshaped into Dollars

Medicalbillingstar uses world-class Insurance claims processing services
through which we submit electronic claims directly from within the software.

Electronic Claims Submission Services in a Snap

MedicalBillingStar is more effective in validating your Electronic claims submission services against payer re-imbursement.
Our Medical practices can save thousands and thousands of
dollars that are wasted due to ineffective claims processing.

Medical Claims Processing Services from MedicalBillingStar at Throwaway Price

MedicalBillingStar offers Online Medical Claims Services for physicians and
also instantly transmits the claims of the clients thereby reducing the Processing time to a great extent.

Monday, 24 June 2013

The Financial Struggle of Physicians in Private Practice

Physicians in Private Practice say they are struggling financially  when compared with others who are employed peers  but the sacrifice is worth the autonomy. QuantiaMD, an online Physician Community, and Carecloud, a cloud-based health IT vendor, conducted a survey of more than 5,000 Physicians and found 36% predicting a negative profitability trend during the next year, compared with 22% who said it would be positive and 30% who said it would stay the same.

 Declining payments and government mandated changes (Affordable CareAct, ICD-10 conversion, adoption of electronic health record systems) are among the top issues of concern.



There have been many studies looking at how physicians are able to meet requirements for the EHR Meaningful use incentiveprogram . But while the concerns are plentiful, more than 60% of Physicians who own their practices say they would not consider selling. Cardiologists were among the most pessimistic about their financial futures, with 49% saying their financial trend will be “somewhat” or “very” negative in the next year
.


Still, 44% of those who own their own practices have no interest in selling even though there seems to be a clear financial motivation to do so. Annual compensation survey determined independent cardiologists earn an average of 26% less than those in integrated practices. For physicians in other specialties, the price of independence may not be money but time — or it could be both.