Author: Eric Johannes
How to Improve Medical Billing Process and Enhance Patient Billing Efficiency
How to Improve Medical Billing Process and Enhance Patient Billing Efficiency Value-based healthcare may seem to be on pause, but most healthcare providers believe it’s still the future. According to a survey of 450 physicians and health plan executives, 82% expect the shift to value-based care to continue—even if it’s slow. Participation in these models
Overcoming Telemedicine AR Collection Challenges
Many healthcare providers have adjusted their services to a combination of telemedicine and in-office visits to meet patient demand safely. Unfortunately, some providers remain hesitant to embrace telemedicine due to concerns about nonpayment. But many of the challenges that affect telemedicine billing are the same ones encountered during in-office visits—and they can be addressed with
Track Your Financial Health: Managing Days in Accounts Receivable in Healthcare
Those in the healthcare field know very well how numbers serve as key indicators of a patient’s health. When one of the key measurements is out of whack, it’s not proof of an underlying cause—but it is a starting point in finding the root of illness or disease. The same is true for your practice’s
Becker’s Hospital Review Lists IC System as RCM Solution
Becker’s Hospital Review recently published a list of companies offering revenue cycle management (RCM) solutions in the healthcare space. The list stresses the importance of RCM today, particularly given recent regulatory changes and increased scrutiny of the industry from lawmakers. Becker’s Hospital Review is a prominent source of cutting-edge business and legal information for healthcare
Tax Season Debt Collection Strategies and Why They Matter
For many businesses, the holiday shopping season can make or break their year, constituting almost half of their annual sales. Similarly, the collection industry experiences a significant boost during tax time, with IC System witnessing up to a 30% increase in collections for our clients. This surge is attributed to consumers using their tax refunds
Recover Revenue on Healthcare Balances Under $500
Regulations for credit reporting healthcare accounts have changed in recent years. Credit reporting is no longer allowed for a full year after your healthcare accounts becomes delinquent, and accounts under $500 are no longer reportable. But there are a few common misconceptions about the new regulations: ⊗ You can’t place your healthcare accounts under $500 in
Solving the Unique AR Challenges of For-Profit Colleges
For-profit colleges face unique challenges in managing their accounts receivables, which are crucial to their financial health. This blog details some of the AR challenges of for-profit educational institutions and offers potential debt collection solutions for for-profit colleges looking to improve their recoveries. Unlike traditional colleges, for-profits typically cater to a student population that is
IC System Becomes DebtNext’s First Accredited Partner
IC System is proud to announce that DebtNext has made our company the inaugural member of its dPlat Partner Accreditation Program. As the first accredited company under the new program, IC System is a trusted partner for creditors looking to select a collection agency and integrate their past-due inventory using DebtNext’s comprehensive recovery management platform. DebtNext Software
Overcoming Staff Shortages in Healthcare
Dental and healthcare offices currently face staff shortages that significantly impact how providers address their AR inventories. The shortages affect many positions, from dental assistants to front office staff and nurses, who scramble to meet high demands with fewer resources. They also impact the back office staff, who must contend with billing matters. As a
The Disadvantages of Debt Collection, and Its Necessity for Businesses
Debt collection can be a necessary evil for businesses. When customers fail to pay their bills on time, it can significantly impact a business’ cash flow and profitability. Many businesses turn to a third-party accounts receivable management company to resolve the issue. However, there are also some risks associated with debt collection that businesses should
