Healthcare Business Review Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Healthcare Business Review
Healthcare organizations are utilizing technology to improve the experience for both providers and patients by making it easier for them to deliver and consume healthcare. Technology in the medical billing space is evolving, helping billing and administrative professionals streamline their processes and capitalize on reimbursements.
According to Market Research Future, the medical billing market in the U.S. is expected to grow at a CAGR of 11.90 percent during the forecast period 2020-2030, reaching $31,020 million.
This growth can be attributed to the increased usage of technology in billing and coding operations to reduce repetitive tasks and enhance patient outcomes.
Incorporating robotic process automation (RPA) and data automation into billing has made healthcare organizations more efficient. Automation also enhances tasks like analyzing and processing claims payments and deciphering medical notes. Medical billing companies are integrating AI to improve efficiency and accuracy and gain a competitive edge.
Healthcare professionals are also utilizing blockchain to process transactions faster and provide a secure way of accounting. Technological solutions, such as payment wallets and gateways, are being used to improve the payment collection process.
This edition of Healthcare Business Review highlights the recent developments in the medical billing arena and insights into how businesses are aligning with these trends to transform legacy practices.
We have curated thought leadership articles from industry experts, including the Informatics Medical Director of Intermountain Healthcare and the Medical Director of UAMS. We also took a deep dive into the market trends to narrow down the list of companies delivering robust medical billing solutions. Equipped with innovative technological capabilities, solution providers like Precyse Coding Solutions and Performance Medical Management help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Healthcare Business Review on medical billing helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
Let us know your thoughts!
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
A medical billing and coding services provider that sets healthcare practices down the right path toward payment reimbursement. Precyse covers multiple specialty medical service spectrums, and delivers a straightforward accounts receivables gateway that empowers clients in minimizing the number of bill reimbursement denials.
Years of expertise in medical billing and healthcare reimbursement to save time and decrease AR. To eliminate claim denials, combine experience with cutting-edge technologies. Their practice will get paid on time due to Performance Medical Management’s full-service RCM.
Lanny Pauley, COOWe combine years of medical billing and healthcare reimbursement experience with cutting-edge technology to assist providers with selecting ICD-10 codes, managing denials, and financial reporting to help them precisely measure their success
Physicians Resources, currently known as Koha Health, provides full support for all elements of orthopedic practice management. Deep industry experience enables Koha to create value by expanding service lines, fine tuning provider management, adding modern technologies, and building a personalized financial plan to help users reach their desired future
Since 1996, AQREVA has been assisting medical offices around the country with medical billing, coding, and consulting services. Running a medical-related business may take time and effort. They are here to help by giving a comprehensive, one-of-a-kind collection of service options
Ascend BPO Services is a reputable medical billing firm. They feel that the interaction between a doctor and a patient is critical. Insurance authorizations and disputes should be a good thing. Their experienced crew is knowledgeable and talented
Capture Billing currently provides medical billing services and practice management assistance to a large number of physicians in a variety of disciplines. Having a medical practice and a billing firm offers users a unique viewpoint that other medical billing companies do not have, which is why many physicians trust them
Illuminate Billing Advocates is a full service insurance billing company specializing in the mental health and drug misuse industries
KIWI-TEK has provided high-quality, personalized, and dependable medical coding services to healthcare organizations and hospitals for over 20 years. They cherish their collaborations and assist them in meeting their productivity and accuracy goals
P3 Healthcare Solutions is the ONE STOP-SHOP platform for all billing services. If businesses need more time to devote to paperwork to increase collection rates and reduce refused claims, medical billing businesses like P3Care can help
Mid Michigan Medical Billing Service, Inc. is a full spectrum revenue cycle management company offering Medical Billing, Medical Transcription, Records Management, and Consultation services. Twenty Two years of experience has led to relationships with 3rd party payers, medical clinics large and small, and has allowed MMMBS to grow into a one-of-a-kind billing service
