Medical Billers and Coders

  Financial stability and profitability are becoming a rising concern for all medical practitioners with the ongoing changes that the healthcare industry is experiencing. Increased patient walk-ins, reduced Medicare reimbursements, declining collections and coding complexities are making bottom lines diminish for many medical practices. In such a bleak industry atmosphere, internists are facing the toughest of all times due to the diverse services offered by them. Internal medicine practitioners offer the first and foremost diagnosis for most medical conditions and in addition to providing basic treatments, they refer the majority of their patients to specialists for further medical care. This increases the dependence of an internist on other practitioners and thereby complicates the billing procedures tremendously. However, efficient billing and coding practices can not only improve profitability but also enhance patient care provided by internal medicine practices. To ascertain pr

  According to a Physician Compensation survey conducted by Sullivan, Cotter, and Associates, specialty physicians across the US saw a 1.9% increase in their compensation in 2014. Internal medicine physicians also experienced a two percent change in their compensation between 2013 and 2014. The median total cash compensation for them recorded in 2014 is $213,428.  Our internal medicine billing process is streamlined so that you can have a healthy revenue cycle management. In this blog, Here we shared more reasons why you choose the MedicalBillersandCoders for the Right Internal Medicine Billing Solution. Even though the internal medicine specialty witnessed a slight increase in compensation this year, many internists continue to grapple with a shrinking bottom line. This is because treatment by an internal medicine physician depends on or collaborates with different diagnostic laboratories and care to justify. Due to such varied aspects of the treatment episode, the medical billing

Many internists are opting out of private practice due to rising costs and reduced reimbursements. Billing and administrative challenges are also adding to their woes, forcing them to join large medical groups or take up jobs in hospitals. They are quitting their private practice to avoid the revenue challenges and the hassles of running a medical office. According to industry surveys, it has been observed that more than 70% of doctors are spending one full day in a week on paperwork. For instance, a Physicians Foundation survey states that approximately 44% doctors are looking for ways to reduce their work hours and patients. Estimations have been made by the industry experts that productivity of physicians is estimated to drop by 25% due to mounting administrative burden. Similar to other specialties, many internists and their staff are also struggling with financial and administrative issues that pile up throughout the day or the month. Few Industry Facts Internal Medicine doctors h