RevCycle

MAY 23, 2024

Understanding the Patient Journey: Recognizing the challenges patients face when dealing with medical bills. Prioritizing Clarity and Transparency: Providing clear explanations of charges and offering flexible payment options. Fostering Open Communication: Encouraging patients to ask questions and express concerns.

Medical Billing 186

Medical Billing 186

GoCardless

MAY 16, 2022

Learn all about medical billing basics here.

Medical Billing 40

Medical Billing 40

RevCycle

APRIL 25, 2024

The Problem: Mounting Healthcare Debt Medical bills are a leading cause of debt in the United States, with millions struggling to afford necessary care.

Debt Collections 182

Debt Collections Collector Medical Billing Deductions 182

RMAi Blog

OCTOBER 4, 2024

Collecting unsubstantiated medical bills. Additionally, the CFPB published a blog post highlighting billing issues that occur when non-profit hospitals fail to provide financial assistance. The CFPB issued a proposed rule to ban medical bills from people’s credit reports in June 2024.

Medical Billing 130

Medical Billing Collector Debt Collections Credit and Collections 130

SSI Healthcare Rev Cycle Solutions

NOVEMBER 2, 2023

Advancing 275 Electronic Attachments in Medical Billing: A Move Towards Efficiency Home / November 1, 2023 Author: Tracey Tillman, CRCR, Sr. Director of Product Management at SSI The healthcare sector is no stranger to the myriad complexities associated with medical claims and billing processes.

Medical Billing 52

Medical Billing Transactions 52

GoCardless

MAY 16, 2022

Find out about medical billing systems.

Medical Billing 40

Medical Billing 40

RevCycle

MARCH 20, 2024

These agencies understand the intricacies of medical billing and can work diligently to collect unpaid debts while maintaining patient relationships. Offering financial assistance programs can help ensure all patients receive the services they need.

Medical Billing 190

Medical Billing Insurance Companies Deductions 190

CreditStrong for Business

FEBRUARY 21, 2025

It covers your employees costs for bodily injury or illness due to their job, including their medical bills and lost wages. Paying for legal proceedings, medical bills, or property damages without assistance from an insurance provider can easily crush your small business.

Small Businesses 52

Small Businesses Medical Billing Deductions Insurance Companies 52

RevCycle

JULY 26, 2023

In fact, medical debt is the leading cause of personal bankruptcy in the country. In recent years, there has been a growing trend of medical debt credit cards being offered to patients. These cards allow patients to finance their medical bills, but they often come with high interest rates and fees.

Collector 182

Collector Credit and Collections Medical Billing Bankruptcy 182

RMAi Blog

SEPTEMBER 25, 2024

The bill also prohibits using any medical debt listed on a credit report as a negative factor when making credit decisions and gives individuals more room to address their medical bills before debt collection and reporting actions can take place. This bill will be effective on January 1, 2025.

Credit Reporting Agencies 130

Credit Reporting Agencies Medical Billing Debt Collections Credit and Collections 130

RMAi Blog

APRIL 7, 2023

Unexpected financial emergencies can happen to anyone, from a random medical bill to car problems and anything in-between. Unplanned expenses seem to come at the worst times, but having a savings in place for when they happen can help.

Medical Billing 130

Medical Billing 130

Fundera

MAY 3, 2018

Medical Billing Service. Medical billing requires performing complex coding when submitting insurance claims. Although big hospitals and healthcare organizations often have in-house staff, small medical practices that don’t have time to manage billing and coding themselves are an ideal market for medical billing services.

Medical Billing 99

Medical Billing 99

CreditStrong for Business

FEBRUARY 25, 2025

Over time, the impact of collections on credit has shifted and is now influenced by a few factors, including: The type of debt Major consumer credit bureaus (Experian, TransUnion, and Equifax) no longer list paid medical collections or unpaid collections for outstanding medical bills of less than $500 on your report.

Credit Scoring 52

Credit Scoring Credit and Collections Medical Billing Collector 52

Lendio

JANUARY 31, 2023

It can come in handy if you’d like to consolidate debt, fund a home improvement project, or pay an emergency expense, such as a car repair or medical bill. Flexible: A personal loan can be used to pay for a variety of personal expenses, like car repairs, medical bills, and home improvement projects.

Medical Billing 97

Medical Billing Credit Scoring Credit Unions Default 97

SSI Healthcare Rev Cycle Solutions

DECEMBER 8, 2023

” Professionals in the medical billing sector are tasked with navigating a landscape filled with varied payer policies, continuous coding updates, and ever-changing legislative mandates. It’s a challenging time even for medical billing experts.”

Medical Billing 59

Medical Billing Deductions Transactions 59

SSI Healthcare Rev Cycle Solutions

NOVEMBER 30, 2023

From handwritten claims to the digital revolution of electronic submissions, this journey has reshaped the backbone of medical billing and financial transactions in healthcare. As the broader world began to recognize the potential of computer technology, so did the medical billing realm.

Medical Billing 59

Medical Billing Insurance Companies Transactions 59

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

Within this process lies the essential task of medical billing, a behind-the-scenes operation that quietly ensures healthcare facilities are properly reimbursed for their services. In this blog, we will explore each step in detail, shedding light on the intricacies of medical billing and its crucial role in the healthcare industry.

Medical Billing 52

Medical Billing Deductions Insurance Companies Transactions 52

Due

MARCH 23, 2023

If a medical bill greatly exceeds your monthly allowance, how will you make it work? What if your annual medical costs are twice what you initially predicted? But even your best estimates have failed you; your medical expenses in retirement are much higher than you anticipated. Create backup plans. What can you do?

Medical Billing 75

Medical Billing Insurance Companies 75

Due

FEBRUARY 13, 2025

To prepare for unforeseen expenses, such as medical bills or home repairs, create a financial cushion. However, you can prepare for this if you; Review your insurance coverage. Ensure you are covered for health, long-term care , and life insurance. Establish an emergency fund. Discuss your wishes with your family members.

Medical Billing 52

Medical Billing 52

Prosper

JANUARY 4, 2023

Medical bills paid out of pocket. Gather Documents. You’ll want to gather the filing documents before beginning the process of filing taxes: W2s. 1099 forms. Donation receipts. Calculated childcare costs. Investment interest tax forms. Property tax receipts. Student loan interest payments.

Medical Billing 98

Medical Billing Deductions 98

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

Within this process lies the essential task of medical billing, a behind-the-scenes operation that quietly ensures healthcare facilities are properly reimbursed for their services. In this blog, we will explore each step in detail, shedding light on the intricacies of medical billing and its crucial role in the healthcare industry.

Medical Billing 52

Medical Billing Deductions Insurance Companies Transactions 52

MediRevv

JUNE 12, 2019

Imagine if your patients were armed with all the tools and resources they needed to make informed decisions on their healthcare choices and billing options. The focus on surprise medical bills and patient loyalty has been in the news recently, along with how high-deductible health policies are linked to delayed diagnosis and treatment.

Medical Billing 52

Medical Billing Deductions 52

Fundera

SEPTEMBER 11, 2017

The internet is crawling with promises about making money from telemarketing, stuffing envelopes or doing medical billing from home. Unfortunately, many con artists prey on desperate people who are looking for easy ways to make money from home and be their own boss.

Medical Billing 92

Medical Billing Small Businesses 92

Due

DECEMBER 21, 2023

Double check your bill. If you just got a medical bill bigger than you were expecting, you have a few options. Big medical procedures can be chaotic, both for you and for the staff, there’s always a chance someone wrote something wrong and charged you for a service that you did not receive.

Medical Billing 52

Medical Billing Insurance Companies Bankruptcy Deductions 52

SSI Healthcare Rev Cycle Solutions

JANUARY 16, 2024

read more The Evolution of Medical Billing Clearinghouse Vendors in Revenue Cycle Management: Spotlight on The SSI Group, LLC (SSI) Dec 21, 2023 In the intricate tapestry of healthcare finance, the journey of a medical claim from inception to resolution is critical.

Medical Billing 59

Medical Billing 59

Due

MAY 7, 2024

Given that retirees have limited income sources, finding sufficient funds to settle credit card bills can be difficult, leading to a cycle of debt that’s hard to break free from. Medical Debt Many retired folks encounter payment-related debts arising from escalating healthcare expenses and unforeseen medical bills.

Credit and Collections 98

Credit and Collections Medical Billing Credit Card Payments Small Businesses 98

Waystar

OCTOBER 20, 2023

To be accepted into the program, some of the individual’s income must be “spent down” on medical bills to ensure his or her income is low enough to qualify. Spenddown A financial strategy used when an individual’s income is too high to qualify for Medicaid.

Insurance Companies 105

Insurance Companies Medical Billing Transactions 105

Due

DECEMBER 19, 2022

Having no healthcare plan means you have no safety net at all and requires covering your medical bills by yourself. Hospital bills can take your retirement savings out in a single blow and even leave you indebted if you’re not careful. #6 6 You pay too many taxes. Always make sure you are on top of your taxes.

Medical Billing 128

Medical Billing Deductions Bad Debt 128

Waystar

AUGUST 18, 2022

Boost patient loyalty + payments by going back to the basics Patients often find their medical billing experience confusing and frustrating, especially around understanding what they owe and why. Technology can help healthcare organizations communicate to patients about the cost of services earlier and make billing easier.

Medical Billing 52

Medical Billing Payment Portals 52

SSI Healthcare Rev Cycle Solutions

MARCH 4, 2024

The Many Roles in Rev Cycle Management There are several key players in rev cycle management, each with an important role: Medical Coders : These are the people who take the doctor’s notes from the patient’s visit and turn them into standardized codes that insurance companies understand.

Medical Billing 52

Medical Billing Insurance Companies Deductions Transactions 52

Lendio

MARCH 16, 2023

Business Type Market Size CAGR (Next 8-10 Years) Average Startup Cost Medical Billing Outsourcing 11.1 Medical Billing Service Effective billing is the lifeblood of any health practice. If you’re thinking about starting a medical billing services company, you will always find high demand in the marketplace.

Medical Billing 52

Medical Billing 52

Prosper

NOVEMBER 21, 2022

Medical Bills. Even with medical insurance, a hospital stay can be expensive. In fact, medical bills are the #1 cause of bankruptcy in America. It’s prudent to be cautious before using a HELOC or HELoan to pay for medical expenses since they are secured by your home. Dream Vacation.

Medical Billing 52

Medical Billing Bankruptcy Credit Scoring 52

Fundera

MAY 10, 2016

Maybe they’re faced with unexpected car repairs, medical bills for a family member, or even something like a surprise furnace replacement. If you don’t want to lend money from your business, there may be a few alternatives that could help your employee when they need to borrow money. Paycheck Advance.

Medical Billing 73

Medical Billing Small Businesses Default 73

Due

AUGUST 30, 2023

While most people think about scary medical bills and unexpected repairs when someone says “emergency,” many things constitute “financial emergencies.” These days, 56% of Americans say they can’t cover a $1,000 emergency, let alone something more catastrophic.

Medical Billing 105

Medical Billing Credit Scoring 105

Fundera

JUNE 2, 2017

Donation-based crowdfunding is when there is no incentive for the backers—this is typically reserved for nonprofits, disaster relief, community projects, or medical bills/funeral expenses. Types of Crowdfunding.

Small Businesses 76

Small Businesses Credit Scoring Medical Billing Credit and Collections 76

Fundera

JUNE 9, 2018

A general liability policy can pay for the delivery person’s medical bills. Even people who work from home can benefit from general liability insurance. For example, say a delivery person slips and is injured while dropping off toner to a home office. This policy also guards against advertising injuries, which include: Libel.

Medical Billing 69

Medical Billing Small Businesses 69

Due

MAY 30, 2023

Moreover, you may have to forgo essential expenditures, such as medical bills or emergency expenses, without sufficient savings, leading to financial stress and further debt. For instance, you may decide to take out a high-interest loan or use credit cards to finance your needs or wants.

Medical Billing 119

Medical Billing 119