P3Care Medical Billing Services for Emergency Physicians

P3Care medical billing services are precise both regarding serving physician-specialists and accurate management of accounts receivables.  CMS recognizes P3 Healthcare Solutions as a MIPS Qualified Registry. You can view it here – https://www.cms.gov/Medicare/Quality-Payment-Program/Resource-Library/2017-Qualified-Registries.pdf.

Outsourcing the medical billing services is a tough decision to make. There are several factors which influence the indecisiveness. Putting your finances in the hands of a company which is physically unreachable is not an easy thing to do.

Filing a claim with the insurance company needs to be speedily expedited for timely reimbursement of the incentive payment. When you receive the amount in your bank, it completes the revenue cycle for that claim. P3Care assists with revenue cycle management in a highly professional way providing you with timely transactional insights. Moreover, the first-time claim acceptance rate matters a lot, and P3Care does perform reasonably well when it comes to first-time acceptance of claims.

What is an ASC? P3Care Stands by Your Side in Critical Times

ASC stands for Ambulatory Surgery Center. P3Care’s philosophy and the visionary statement speaks of the deep relationship it has with the healthcare professionals dealing with emergencies. Emergencies can be traumatic and stressful.

P3Care Medical Billing Service Facilitates Reimbursements for Providers

Welcome to P3 Healthcare Solutions. Medical billing services are getting sophisticated and tech-oriented with new rules and guidelines. The electronic health records are fast replacing the old way of manually maintaining medical records. It is becoming difficult for medical practitioners to be able to get a grip on procedural necessities leading to obstacles in the collection.

Previously, PHI documents were hand-written and exchanged through the traditional mail, but since the advent of the internet, things have become effective. However, complexities are a big part of the new age computerization with hard-to-understand software functionalities and apps. They are designed to make the medical billing process easier which often prove to be a roadblock for the providers.

Core Objective of P3Care Medical Billing Service Company

P3Care Healthcare Solutions offers many services, and medical billing is one of them. The goal, however, is to support the healthcare industry by leveraging advanced technical and computerized solutions for both the physicians and specialty-specific clinical experts all across the US.

P3Care always works hard on delivering for the providers to help add to their revenue. The high claims acceptance percentage in one go is relieving for both the providers and the payers which further endorses their confidence. Getting the job done before it gets complicated is accomplished through experience, dedication, skills and staying on our toes.

How to Avert Medical Billing Claim Denials?

Medical billing denial is the rejection of a claim by an insurance company made by any individual or by their provider, to pay for the rendered health care services. If you are a financial administrator in a hospital or any other healthcare facility, you would have an idea about the complications involved in medical billing claims. The denial of such claims proves to be a continuous headache as they affect the credibility, cash flow, and overall efficiency of a healthcare provider.

Studies suggest that the annual medical billing claims denials for hospitals stand at 2 percent, whereas, for medical practices, the percentage increases up to 10 percent. This makes the medical practices less profitable by comparison.

Some of the healthcare organizations even undergo a denial rate of 15 to 20 percent, which is considered extremely high. This means that providers facing this kind of denial rate have one out of five medical billing claims denied.

Overview and Tips for Provider Credentialing Process

Provider credentialing is critical for authenticating expertise, experience, willingness, and interest in providing medical care. If you are not able to follow the provider credentialing process, it can result in delay or worse, denial of the provider payment.

Provider Credentialing Process

It is not one of the formalities that you have to complete or a form that you need to fill. It is an ongoing process that involves a lot of complexities. Therefore, you need to closely follow all the requirements. There are many steps that you need to follow in order to qualify for credentialing. Also, it is essential for your business that you practice without any hindrances.

Besides the simplistic definition, it also involves submitting a lot of documents and forms to various third parties for verifying your practice. You do not need to follow the entire process each year. However, you must provide annual updates.

Medical Billing – Over 50% Americans Can’t Afford to Go to the Doctor

The sorry state of affairs in the American medicare industry reflects the inability of many Americans to afford quality healthcare. Many can’t afford medical billing despite having insurance. The Obamacare premiums are making it difficult for them to continue with the payments.

Can’t Afford To Go To the Doctor – HealthPocket

A recent survey by HealthPocket revealed the difficulties that many Americans face. The Affordable Care Act is reducing people’s ability to afford health insurance. They have so many other expenses that they can’t afford take out money for health insurance.

The survey results show that a lot of Americans can only afford $100.

Here are the results.

  • Around 52.5% say that they can only afford $100 or more.
  • Only 15.95% can afford $200 each month.
  • The number of Americans drops 11.6% who can pay $300 each month.
  • The percentage further reduces to 5.5% for $400 health insurance deductible assistance.
  • Only 4.8% say they can set aside $500 each month.
  • Only one out of ten Americans, or 9.8% say that they can give away $500 a month for health insurance.