BC Advantage - 2013 Issue 4

Billing Transparency Can Improve Financial and Operational Health for Physician Groups

By Carrie MoneymakerThere are many buzz words floating around the medical billing community - "transparency" being no exception. But while it may seem that the term is self-explanatory, its meaning suggests that every participant in the billing cycle is allowed to see what is going on - from large-scale strategies to tiny details. On a large scale, a practice might consider total cash flow in a given time period, the status of claims, and quality measures. From a smaller standpoint, a practice might wonder about individual claims: their creation, history, validity, corrections, submissions, and reconciliation until payment, in order...

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