To be or not to be? That is the question. …The provider asked him/herself when questioning whether to be in network. When you start the discussion about joining a network, there are countless things to consider — many pros and many cons that you have to weigh. With so many considerations, it’s a pretty overwhelming…
To be or not to be (in network)? 4 questions you must ask yourself
September 20, 2016 By Leave a Comment
Bring more money into your practice with aging reports
September 13, 2016 By Leave a Comment
Aging reports confuse a lot of our providers. At their core, aging reports are pretty simple. It’s essentially a report of all the money you’re owed and how long you’ve been waiting for it. But the term “aging” is misleading. Aging reports give us the age of claims from the date they were submitted. So…
We live and breathe by this ONE metric. Does your practice?
September 1, 2016 By Leave a Comment
If I had to pick one benchmark that matters the most for a practice, it would be collection ratios. And that’s not just a cop-out to get me the two-for-one special (net and gross collection ratios.) At IPS, we live and breathe by these numbers! They are absolutely vital to the health of your…
How to decode confusing EOBs — the simple way
August 3, 2016 By Leave a Comment
When you switch to electronic fund transfers and stop receiving paper checks, you can choose to receive an electronic Explanation of Benefits (EOB) instead of paper. And as I’m sure you have experienced with some carriers, we don’t even get the opportunity to choose. Those of us in the healthcare world would like to believe…
How EFTs save you time, money, and headaches
July 20, 2016 By Leave a Comment
Electronic Fund Transfers (EFTs,) also known as ACH or direct deposit, are a great way to save time and money. When a practice uses EFTs, they’re paid faster. Their staff works less on billing. And there are fewer headaches for everyone involved. So why aren’t more practices using them? Many providers who aren’t using EFTs…
How to Perform Eligibility Checks to Save Time and Money
May 31, 2016 By Leave a Comment
There’s one question we’re often asked when it comes to eligibility checks: are they really worth it? In a word… HECK YES. (Okay, two words.) Eligibility checks confirm what the patient is eligible for when it comes to benefits. They ensure the insurance is active and that the insurance company will be…
Paper or Plastic? – Your Insurance Payments
April 17, 2015 By Leave a Comment
The age old question of your friendly neighborhood grocer, “Paper or Plastic?”, is now all the buzz in the world of insurance payments. In recent years, technology has taken healthcare by storm and now insurance payments are at the forefront of the conversation. Now is the time for you to consider the transition to the…
Insurance Credentialing – Overcoming the Paperwork Nightmare
March 12, 2015 By Leave a Comment
Insurance credentialing is one of our most frequently requested a la carte services. Often new practitioners come to us with the fear of the unknowns of navigating the insurance world but the desire to enter networks as participating provider. Years ago, the world of insurance credentialing was an absolute paperwork nightmare with countless pages…
