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5 Ways to Upgrade Your Radiology Billing Service

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It’s an exciting time for radiology. Technological advancements in artificial intelligence and diagnostic wearables are assisting providers in improving patient care. However, like many other healthcare practices, patients are hoping to see improvements to the typical radiology billing service. Paper communications between radiologists and patients are typically slow and confusing, while the options provided to submit payments are scarce. Simply upgrading your practice’s radiology billing service is an effective way to strengthen relationships between provider and patient, while simultaneously increasing the inflow of revenue. Overhauling your current patient statement and payment process may seem daunting but can actually be rather simple. Let’s look at five easy ways to upgrade your current radiology billing service: Improve Your Radiology Billing Statement Design As of 2018,  70% of patients  reported feeling confused by their medical bills. Confusion is ...

5 Benefits of Outsourcing Your Bank Statement Printing and Mailing

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Statements are a crucial part of the banking industry. They provide valuable data on account-holder activity and relay urgent payment details. However, as competition within the banking industry increases — and advances in technology develop exponentially — financial institutions must focus on growing their brand and staying relevant. When conducted in-house, bank statement printing and mailing duties can take up an unnecessary amount of time and resources. By outsourcing these tasks, companies can focus on improving customer relations, building comprehensive marketing strategies, and monitoring compliance issues. Banks that outsource services to third-party vendors can streamline these processes and free up employees. Customizable designs and secure mailing systems are just a few of the tools used by vendors to improve operations and increase efficiency. By removing superfluous in-house administrative duties, banks can redirect resources back into the company, develop ne...

Increase Revenues with a Personalized Medical Billing Statement

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Collecting outstanding medical bill balances can be one of the most frustrating revenue cycle challenges for any healthcare system. Lost revenues not only reduce profits but also the number of funds available to provide top-quality treatment. There are a variety of reasons as to why a patient may struggle to pay their owed balance in full or within a timely manner; many of which are out of the medical practices’ control.  However, a personalized medical billing statement is one simple and effective way any healthcare system can exercise control over their revenue cycle and help encourage patients to pay their financial obligations. Receive Payment Faster With an Integrated Personalized Medical Billing Statement and Payment System As technology continues to advance, many medical practices are taking their billing systems online. Patients are opting in to receive  eStatements  to their email, which offers a variety of benefits as compared to a traditional paper stateme...

Who Is Impacted by Surprise Billing Legislation? [Infographic]

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Surprise medical bills are unexpected charges for procedures or services conducted by out-of-network providers. Since 2014, nine states have enacted legislative measures that protect patients from surprise medical costs. In 2019, the President called for Congress to draft federal legislation on the matter. This move was due in part to regulatory roadblocks that hinder the scope of state laws. What Is Surprise Billing? Surprise billing is often the result of urgent visits to the ER, where patients may not have the time or cognitive ability to decline out-of-network treatments. For example, emergency care services, such as ambulance rides, are not always supplied by in-network providers, leaving the patient to cover the additional costs. Surprise billing can also occur after routine, in-patient procedures. Specialized services administered during scheduled treatments from in-network providers may not be covered by a patient’s insurance plan. For example, patients receiving...