When patients see their doctors, one of the ways in which they're vulnerable is in the copious amount of personal information that's collected and stored in their patient chart. In an attempt to keep patients' information safe, the Health Insurance Portability…

The Health Insurance Portability and Accountability Act (HIPAA) of 1996 created federal standards for protecting patient health information from disclosure without patient authorization.[1] HIPAA's Privacy Rule addresses the use and disclosure of patient health information by entities subject to HIPAA…

To anyone running a healthcare practice, understanding Protected Health Information (PHI) is of the utmost importance. HIPAA regulates the handling of PHI, with fines imposed for HIPAA violations. Beyond being monetarily costly, HIPAA violations can damage a practice's reputation and patient trust. And the first step to avoiding HIPAA violations is, of course, knowing what PHI is. In this post,…

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In order to run a successful healthcare practice, you need to ensure you meet the necessary HIPAA compliance standards. While HIPAA compliance may seem complicated, it's essentially just keeping people's sensitive healthcare data private through the proper protocols. Below outlines the importance of HIPAA compliance, how to confirm your healthcare practice meets HIPAA compliance standards and other valuable information on…

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In the United States healthcare industry, coded designations allow healthcare providers and insurers to assign value to services. These "CPT codes" are helpful in determining the total cost of medical services provided. After a patient receives care, the healthcare provider sends CPT codes to the patient's insurer to bill for services, making them an integral part of healthcare payment processing. …

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Charge capture is a common term in the medical field, but it’s crucial to know exactly what the term means and how it affects you. In this guide, we’ll cover everything you need to know—from the definition to best practices to optimization. What is Charge Capture? Charge capture is the processing of recording medical services using universal medical codes or…

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If you own a small medical practice, it's important to understand the different types of healthcare payments you can receive from your patients. This will help you budget and plan for your business. Learn the basics of what every physician should know about healthcare payment processing. In this article, we'll cover: What is Healthcare Credit Card Processing?Should Your Medical Practice…

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Revenue cycle management (RCM) is a system through which businesses may identify, track, collect, and process revenue from their services. Businesses in the healthcare industry frequently utilize this system. RCM processes are essential in maintaining smooth operations and ensuring financial success. For this reason, RCM is growing in popularity. According to a recent study, experts predict that the global RCM…

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In medical billing, a common cause of errors is not implementing a payment posting method. This can lead to unhappy patients and, even worse, can muddle a practice's entire financial picture. With intentional payment posting in medical billing, not only can you avoid all potential oversights, but you'll have a thorough insight into your daily revenue system. Payment posting has…

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