Power Your Practice

The MGMA estimates that, on average, U.S. medical practices are failing to collect 25% of the money they’re owed for treating patients. That means $125 billion is left on the table every year. Power Your Practice understands the challenges medical practices are facing in accounts receivable and is here to help. Every week during our [...]

According to the American Medical Association, physicians who switch to electronic claims processing can dramatically reduce the cost of submitting claims from as much as 14 percent of revenue to roughly one percent. With the MGMA estimating that U.S. medical practices are, on average, failing to collect 25 percent of the money they’re owed for [...]

The entire physician revenue cycle, from scheduling patients to collecting final reimbursement, involves many steps, several of them requiring tedious paperwork. This convoluted workflow can allow underpayments, denials and ignored claims to fall through the cracks. With the MGMA estimating that U.S. medical practices are, on average, failing to collect 25% of the money they’re [...]

Medical claims processing is broken. The process is growing increasingly complicated, making it more difficult than ever for physicians to get paid in full. The American Medical Association (AMA) is helping healthcare providers reverse this trend with its “Heal the Claims Process” campaign that spreads the word on the benefits of electronic claims processing.

The medical billing environment has become increasingly complex. Insurance companies and other payers have come up with progressively intricate ways to avoid paying claims. These varied and complicated sets of rules can lead to increased denials, underpayments, and lost or ignored claims for medical billing companies who aren’t able to keep up with the constant [...]