Author name: Team UMBS

Every year, the current procedural code set is updated by AMA and Centers for Medicare and Medicaid before it implementation. If you are looking for CPT Code Updates 2024, this article is for you.  The 2024 CPT code updates comprise 349 modifications, with 230 additions, 49 deletions, and 70 revisions. According to 2024 Medicare coding […]

The analysis and treatment of patients from a distance using communication technology is known as telemedicine.  The World Health Organization (WHO) defines telemedicine as “Healing from a distance.” Through the use of telemedicine, a patient can receive medical care from a doctor even when they are not there in person. Telemedicine services include examinations, consultations,

The adoption of a new Electronic Health Records (EHR) system is a significant milestone for healthcare organizations. It promises improved patient care, streamlined workflows, and enhanced data management. However, the transition can also pose challenges, particularly when it comes to revenue management. In this article, we’ll delve into the complexities of managing revenue during an

Reimbursement Models: The landscape of healthcare reimbursement is undergoing a significant transformation, shifting from traditional fee-for-service models to value-based reimbursement models. This shift represents a fundamental change in how healthcare providers are compensated and aims to prioritize the delivery of high-quality care over the quantity of services rendered. In this article, we’ll explore the essence

In the ever-evolving landscape of healthcare, revenue cycle management (RCM) stands as a critical pillar supporting the financial health of medical practices and healthcare facilities. At its core, RCM encompasses the complex processes involved in managing patient billing, claims submission, reimbursement, and financial optimization. Given its intricacies and the constant evolution of regulations and technology,

Healthcare providers have a vital responsibility to protect patient information, avoiding severe penalties, legal issues, and reputational harm. The Health Insurance Portability and Accountability Act (HIPAA), established in 1996, aims to safeguard the confidentiality of medical records and personal health information (PHI), particularly in electronic transmissions. Compliance with HIPAA is essential for healthcare providers involved

Effective communication with patients about billing and healthcare costs is a fundamental aspect of patient-centered care. In this comprehensive guide, we explore the importance of transparent communication, strategies for addressing Costs to Patients billing concerns, and ways to enhance patient engagement in financial discussions. Patients who are well-informed about their financial responsibilities and options are

Healthcare Billing Efficiency: Medical coding is the backbone of healthcare revenue cycle management, translating patient diagnoses and treatments into universally recognized codes for billing and record-keeping. Balancing efficiency and accuracy in medical billing & coding is crucial for healthcare organizations. In this article, we explore the significance of finding this equilibrium and strategies for achieving

Small healthcare practices, including independent clinics and physician offices, play a vital role in providing accessible and personalized care to their communities. However, managing the financial aspects of a small healthcare practice can be challenging, especially in the face of evolving healthcare regulations and economic uncertainties. In this comprehensive guide, we will explore strategies to

Financial Impact of COVID-19: The COVID-19 pandemic unleashed unprecedented challenges upon the healthcare industry, disrupting not only patient care but also the financial stability of healthcare organizations. As the sector grappled with surges in cases, resource shortages, and changing patient behaviors, healthcare finance teams faced the daunting task of mitigating revenue losses and planning for