15 Aug The Power of Outsourced Medical Billing for Solo Practitioners
Posted at 17:14h
in Medical Billing
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Once upon a time, outsourcing physician medical billing services was seen as a novel concept. Many physicians initially viewed it as an unnecessary expense, believing it only benefited larger institutions like hospitals, clinics, and group practices. However, in recent years, it has increasingly become a standard practice. Even independent solo practitioners are now considering outsourcing for their medical billing and coding needs.
If you are a solo practitioner finding healthcare billing and coding challenging, you are not alone. Many in the field struggle to deal with the complexities of coding and billing, often failing to maximize revenue in medical billing services for solo practices.
It's important to recognize that the healthcare market is changing, with regulations and rules for medical billing and coding constantly developing. Implementing an effective medical billing and coding system is therefore crucial for physicians seeking a strategic advantage.
Outsourcing medical billing services is no longer just about cutting costs; it has become a vital tool that provides numerous benefits to practicing physicians. Moreover, these advancements can be incorporated into oncology medical billing systems to ensure precise and efficient billing for cancer treatments and diagnostics.
Kalli Koukounas[/caption]
Kalli Koukounas, MPH
Lisa-Marie Smale, PharmD
Julia Cave Arbanas[/caption]
Julia Cave Arbanas
Project Manager and
Dr. Goldman[/caption]
Anna L. Goldman, M.D., M.P.A., M.P.H
Assistant Professor of Medicine
General Internal Medicine
Dr. Kao-Ping Chua[/caption]
Kao-Ping Chua, MD, PhD
Assistant Professor,
Department of Pediatrics
Assistant Professor,
Health Management and Policy
School of Public Health
University of Michigan
MedicalResearch.com: What is the background for this study?
Response: In 2020, most insurers waived the cost of COVID-19 hospitalization for patients. In early 2021, many major insurers started to abandon those waivers. By August 2021, the vast majority of insurers had started billing patients for COVID-19 hospitalizations again.
Sneha Vaddadi[/caption]
Sneha Vaddadi, BS
Department of Medical Education
Geisinger Commonwealth School of Medicine
Scranton, Pennsylvania
MedicalResearch.com: What is the background for this study?
Response: The prescription stimulants methylphenidate, amphetamine, and lisdexamfetamine, classified as Schedule II substances, are sympathomimetic drugs with therapeutic use widely used in the US for Attention Deficit Hyperactivity Disorder. Changes in criteria for diagnosis of Attention Deficit Hyperactivity Disorder in 2013 and approval of lisdexamfetamine for binge eating disorder in 2015 may have impacted usage patterns.
The goal of this study1 was to extend upon past research2 to compare the pharmacoepidemiology of these stimulants in the United States from 2010–2017, including consideration to variation within geographic regions, the Hispanic population, and the Medicaid population.