2023 International Overdose Awareness Day
International overdose awareness day holds a special place in our hearts at Hansei Solutions, as many of our founders and leaders have been in the addiction and mental health field for decades.
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International overdose awareness day holds a special place in our hearts at Hansei Solutions, as many of our founders and leaders have been in the addiction and mental health field for decades.
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A medical billing audit is necessary for all healthcare providers to help reduce and catch errors that could lead to denied claims, revenue leakage, investigations, and, most importantly, lost or unhappy patients.
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Clean claims indicate your medical practice follows proper medical billing, coding, and processing guidelines. But if your practice isn't tracking clean claims or taking steps to main their consistency, your cash flow and reputation with payers can quickly deteriorate.
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Finding the right medical billing company can be challenging, especially when there are nearly 2,000 active companies in the US alone. Coupled with over 130,000 hospital and non-hospital facilities across the US and over 900 health insurance companies, the medical billing and healthcare industry is constantly changing and evolving. If healthcare practices are behind on the latest billing and market trends, they can find themselves struggling to meet patient needs and stay operational.
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In today's healthcare market, with rising medical costs, expanded insurance coverage, and pandemics, medical practices can't afford revenue leakage. Unfortunately, one report states that more than 40% of healthcare organizations lose 10% or more of annual revenues, 19% lose more than 20% to revenue leakage, and 23% don't know how much they're losing.
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