News
The Critical Importance of Data Security in Medical Billing
In August 2023, Prospect Medical Holdings, a healthcare system operating in multiple U.S. states, was forced to shut down its hospitals due to a massive ransomware attack. Patient records became inaccessible, surgeries were postponed, and emergency departments had to...
Your Guide to Chronic Care Management (CCM) CPT Codes & Billing
More than half of the U.S. population has at least one chronic disease. Offering chronic disease management (CCM) services can be life-saving to patients, but due to its notoriously complex nature, billing becomes a burden to providers. The CCM program requirements...
The Impact of Telemedicine on Medical Billing Challenges and Best Practices
In 2023, at least 80% of Americans had used telemedicine once in 2023. Just last year, over 116 million preferred virtual consultations, highlighting the growing demand for telehealth. Once a niche service, telemedicine has become a cornerstone of modern healthcare,...
Rural Healthcare: How to Navigate Unique Challenges with Innovative Solutions
1 in 7 people live in rural areas in the US, and they are at higher risk of death than those who live in urban areas. Unfortunately, in 2020, the Chartis Group revealed that more than 400 rural hospitals were financially vulnerable and at risk of closing. In turn,...
Adapting to Change: How Healthcare Regulations Shape Medical Billing Practices
Healthcare regulations ensure that medical services are delivered ethically, efficiently, and according to established standards. This is because they govern various aspects of healthcare, including patient privacy, reimbursement, and billing practices. With ongoing...
The Multifaceted Impact of Administrative Burden and How Streamlining Billing Helps
All health systems have administrative functions and costs, but the United States takes it on a whole level. The total administrative costs account for up to 30% of healthcare spending, substantially greater than other wealthy countries. While healthcare...
Strategies for Managing and Preventing Medical Billing Fraud
Picture a bustling medical office where the front desk team is overwhelmed with medical billing responsibilities. A minor error occurs amid the chaos: A patient is charged for a procedure they never received, sparking confusion and anger. This scenario highlights a...
Elevate Your RCM Journey From Complexity to Simplicity with Synapse at ACG 2024
PHILADELPHIA, PA – Synapse is exhibiting at this year’s ACG 2024 conference, where attendees will explore a broad range of cutting-edge topics in GI, hepatology, and endoscopy, as well as engage in networking opportunities to advance gastrointestinal technology and...
The Role of Credentialing in Ensuring Smooth Revenue Cycle Operations
Despite being a critical part of the RCM processes, many practices overlook the significance of credentialing, unknowingly hurting their revenue stream. Left ignored, credentialing can result in more delays in payor enrollment, billing denials, and administrative...