Accounting and Bookkeeping services to are often thought to be the same, however, there are differences. A bookkeeper is responsible for recording financial transactions, while an accountant is responsible for interpreting, classifying, analyzing, reporting and summarizing financial data. The terms “accountant” and “bookkeeper” are quite similar, but not entirely. Let us take a closer look …
Oncology is a branch of medicine which deals with the prevention, diagnosis, and treatment of cancer. Treatment cycles prescribed by oncologists usually includes long complex procedures where the patient is subject to multiple tests and procedural visits. Patients require frequent authorizations and follow-ups with the designated oncologist. The treatment is also accompanied by a lot …
“Growing your bottom line with our state of the art oncology medical billing services”
Medical billing for small practices isn’t just an option anymore. Given the number of practices being set-up every day, getting reimbursed for services rendered is a priority to survive. Being a new practice owner, would you want to spend your time brainstorming on Medical Billing? Or would you rather give 100% to your practice and …
Many organizations and businesses struggle to execute a well-planned financial strategy, increased productivity demands efficiency. Not having the right strategy also affects future growth. Business owners are always looking for methods to reduce cost, increase profitability and increase the bottom-line. We made Outsourced Accounting for CPAs very easy and profitable. Can outsourcing accounting to another …
Insurance verification services in healthcare are the first and one of the most crucial steps in the medical billing and coding process. It builds up a base for effective management of the revenue cycle. It has been noticed that most of the claims get denied or delayed for payment by the insurance companies either due …
“A smart approach to quality Insurance verification services in healthcare”
Physical Therapy Medical billing services are employed to obtain payments for the physiotherapy services rendered as a part of treatment. Here is what needs to be known. Physical therapy or physiotherapy is a field of healthcare that involves the use of mechanical force and movements to remediate impairments and promote mobility and function. The physical …
“Maximizing revenue with our Physical therapy medical billing services”
Small Business owners wear many hats! There are times when owners have to play the role of human resources, other times it is business development and at times, customer service. When it comes to Outsourced accounting bookkeeping though, it is very different. Business, if done right, grows at a rapid pace. Owners who take accounting …
“Outsourced accounting and bookkeeping; returning value to your business.”
Chiropractic treatments need a lot of attention, so does the Chiropractic medical billing process that results thereafter. Having specialist billers and coders ensures cleaner claims are submitted, allowing practitioners to get paid on time. As such, practitioners often appoint separate staff to take care of their medical billing and collection needs. The Problem? Having an …
“Align that cash flow with our Chiropractic medical billing services.”
You might think your company or organization save money by handling Outsourced accounting and bookkeeping services in-house. But many will find that’s not the case. The accounting industry is more competitive than ever. To stay ahead in the game, you not only have to deliver services consistently but also need to be more flexible with the …
“Outsourcing Accounting and Book-keeping: an efficient revenue generation approach!”
Clinical laboratories face a complex environment for billing and reimbursement, especially with the always new molecular and genetic tests introduced on a regular basis. Bikham has over 13 years of experience coding and billing for the laboratory medical billing services. Our knowledgeable team of clinical lab billers deals with these complexities daily, staying up-to-date with …
“A provider-centered approach to Laboratory Billing Services.”
Corporations large and small employ experts that keep a close watch on Accounting and Bookkeeping services like financial statements, reporting, bank reconciliations, weekly and annual sales tax filings. The alternative? Remote Accounting. Accounting and bookkeeping services have been on the rise for decades. And for good reason, outsourcing accounting overcomes financial management challenges and eases stress …
At Bikham, we understand that Orthopedic medical billing is one of the most important processes in healthcare revenue cycle management preceding a claim submission. Accurate medical coding services are essential to reduce denials and generate more revenue for our clients. One of the main reasons for claim denials is medical coding errors. To assist our …
Cardiology deals with diagnosis and treatment related to the disorders of the heart as well as the parts of the circulatory system. With shifting payment models, new government mandates, innovative digital health technologies, and the latest ICD-10 codes, Cardiology medical billing practices face many challenges which may hamper the reimbursement process. Our dedicated team of …
“The whole hearted approach to Cardiology medical billing services.”
Accounting and bookkeeping for accountants refer to as the process of accumulating, organizing, storing, and accessing the financial information base of an organization, which is required for two reasons; supporting the day-to-day operations of an organization and preparing financial statements, tax returns, and internal reports. Whereas, Accounting is a totally different process which involves functions …
Radiology, the branch of science consisting of complex medical imaging techniques to carry out treatment of the internal human body diseases. Getting reimbursement for the services is altogether a more complex process. Downward reimbursement pressure, increasing infrastructure costs, and shifts in payer choices are creating challenges for all types of radiology medical billing practices. With …
Bookkeeping is defined as recording day-to-day financial records. A company holding a small scale or a large scale business never wants to get into a FINANCIAL MUDDLE. The outsource bookkeeping services staff prepares a chart of accounts keeping records on a daily basis. These charts consist of the highly detailed recording of business transactions. These …
Durable Medical Equipment Medical Billing, also referred to as Durable Medical Equipment Billing, requires logical and accurate actions which demand a skilled manpower. The manpower that can not only make quick decisions but can also keep a track of updates in payer policies so that the efficiency in work results may be maintained. Here at …
Durable medical equipment billing is often referred to as Home Medical Equipment billing. Healthcare expertise is not always transferred to the back-end of your operation. Management of such back-end operations requires a different skill-set. Which is why employing an expert billing provider is a great choice. DME medical billing services are required to possess strict …
Chiropractors offer a unique non-invasive and drug-free approach, the number of chiropractor clinics has steadily increased over the last few years, however, their practice doesn’t only depend on their proficiency to provide good healthcare and Chiropractic Billing Services. The business end of the operation is just as important to ensure growth trends continue and financial stability …
The financial health of your physical therapy practice is directly dependent on clear-concise billing and swift account reimbursement. Hiring a quality billing service provider is one of the most important decisions you’re going to make for the business aspect of your operation. It’s vital that your physical therapy medical billing service provider has the necessary …
Medicine has advanced leaps and bounds over the last few decades. A lot of it is owed to the influx of modern day technology. Technology has enabled the world of healthcare to provide amazingly precise diagnosis and in turn allowed medical practitioners to deduce an accurate prognosis, which goes a long way to help patients …
Ask any Oncologist and they’ll tell you what a lengthy and complicated process providing healthcare as an oncologist is and just as big a headache is managing the back-end of an oncologist’s practice. The lengthy and complicated treatment cycles make it extremely tough to bill and code while managing optimum efficiency unless there’s a professional …
Cardiology Medical Billing like all fields regularly introduces new techniques and methods every single day. Staying familiar with the changes and variety of specialized sub-sets it includes is absolutely vital. Cardiology with its multiple facets, rules and complicated contractual adjustments make the entire billing experience unique. Constant changes to coding and billing regulations have led …
For over 13 years Bikham has comprehensively assisted a multitude of medical practitioners. Be it Hospitals or private individual healthcare providers, we have systematically reduced the number of denials and maximized the revenue stream with strategic revenue cycle management. Radiology medical billing service are one of the areas where Bikahm Healthcare excels. Special attention is paid …
An efficient orthopedic billing and coding process is vital for the practice to reduce the operational cost and boost the revenue simultaneously. It wouldn’t be farfetched to say it’s the financial backbone of the practice. Physicians all across the nation choose to outsource their billing process to an efficient orthopedic billing service provider to minimize …
“How Outsourcing Orthopedic Billing Services Can Grow Your Bottom Line”
Laboratories have seen a high influx of patients over the last few years. Toxicology and radiology laboratories particularly. With state of the art tools at hand providing accurate diagnosis you require someone equally adept to handle the various administrative duties and various back-end processes. For choosing to neglect those is choosing to incur revenue losses. …
Obstetrics is a branch of medicine and surgery that is primarily concerned with childbirth. While Gynecology is the branch of medicine that deals with the female reproductive system primarily. The diagnosis and treatments these specialties deal with involve a lot of reporting including patient registration, insurance credentialing, complicated coding, documentation and much more. And here …
Laboratories have a different and unique billing criterion and need an in-depth knowledge of modern billing processes. The Medical laboratory billing Services is the interaction between laboratory practices — pathology, toxicology, molecular, clinical laboratory — and the insurance agencies. A streamlined Medical laboratory billing Services can mean the difference between speedy claim reimbursement or reimbursements …
Medical billing Account receivable (AR follow-ups) and the revenue cycle management handled by an in-house workforce is a thing of the past. In this expertise driven era, everything is outsourced to authorities of their respective fields. Account receivable follow up & management is one of the chief driving forces pertaining to the cash flow. A …
“Account receivable follow-up & management in medical billing”
Every chiropractor looks for effective and quick billing to increase their revenue. However, with the continuous code updates and changing reimbursement guidelines, an effective revenue cycle management is essential for the medical practitioners. Due to the updates and changes in coding and regulations respectively, the increased amount of work related to chiropractic medical billing practice has …
“Outsourcing chiropractic medical billing & coding services”
Bookkeeping And Accounting No matter if you’re a startup or a long-running business, there is always a lot to be learned about bookkeeping strategies to elevate your business. In-depth knowledge of bookkeeping irrespective of the practice allows your company to: save time and money perform bookkeeping tasks more accurately reduce the onus of tax remittances, …
“Underutilized Strategies of Bookkeeping That You Should Implement”
Orthopedics is the field of medicine concerned with the treatment of musculoskeletal system. Orthopedic billing service provider utilizes both surgical and non-surgical means for the treatment of ligaments, spine, joints, bones, muscles, tendons, and tumors. It has been observed that around 35% of Orthopedics treatment claims are not processed accurately by insurance agencies. Moreover, over 25% …
“Opt the Top-Notch Orthopedics Billing Service Provider for Your Business Growth”
Employing an accounting software for starters enables you to automate your book-keeping duties. An automated system is bound to increase the efficiency and makes your processes seamless. But it won’t run itself. It will always need a professional team to configure and operate it efficiently so it caters to your needs. Here’s what automation involves: …
Facilitating quality medical care is the primary objective of any practice. However, collecting payments for the medical billing and coding services provided is equally important. Coding, billing and payment collections is the fundamental trifecta a medical practice rests on. The staff needs to follow proper guidelines to ensure smooth sailing and a streamlined revenue stream. …
Accounting is the financial backbone of any practice. A well managed accounts division is often the difference between a good organization and a great one. The accounting and financial statements are a clear and real reflection of a company’s financial health. Plenty organizations that employ in-house teams for all their accounting needs often find it …
ICD-10 codes (The tenth edition of International Classification of Diseases) is a clinical cataloging program that came into force on October 1, 2015. The transition of ICD-10 codes for medical billing from ICD-9 codes took place after a series of chronic delays. However, “ICD-10” offers wider classification options than its predecessor “ICD-9”. This program is …
Through these past couple decades the digital space has sunk its teeth into every business and practice imaginable. Various software and tools aid in streamlining the administrative duties of most practitioners and eliminating human-errors. It’s no secret that majority of medical billing is done through electronic claims processing deeming paper billing redundant but some claims …
The organizations who offer these services possess highly trained paramedics and equipment to cater immediate medical aid to the patients who need it outside the premises of a medical facility. EMS also comprise inter-facility transport along with fire and law enforcement services. Ambulance billing services have now become a specialty and many practices who deliver …
“Ambulance Billing Services To Take Your Practice to New Heights”
Bookkeeping is a pillar of any business regardless of its size. Overlooking financial management will diversely affect the businesses sooner or later. Every now and then an organization is forced out of business because of poor record keeping management or no records at all. Bookkeeping can really make or break your enterprise, so find some …
“Leverage Outsourcing Bookkeeping Services to Enhance Your Business”
Emergency medical billing services or EMS are the services which come in handy when an instant medical aid is required somewhere. They are specially introduced to provide medical assistance to the patients out of the hospital or transport them if they are severely injured and unable to move. The organizations who offer these services possess …
“Ambulance Medical Billing Services and What You Need to Know”
For practitioners, billing cycle efficiency is as important as delivering quality patient care. Nothing “hurts” a medical provider more than a service rendered that never get reimbursed. Getting paid is the goal, unfortunately, it is not easy. Physicians graduate medical school as trained medical professionals, business management isn’t necessarily a skill they inherit from all …
“Revenue Cycle Management and Why It is Important for Physicians”
For medical businesses, financial management is the key. We at Bikham feel the efficiency of a practice is only as good as its revenue management system. Many physicians all across the United States still manage their billing with the help of an in-house team, worse yet, they do it themselves. While in-house billing is simply …
Administrating the revenue cycle process is not an easy task, especially when you are a medical practitioner dealing with staff, patients and tons of Medical Billing and coding services claims at the same time – the procedure is strenuous to say the least. You would rather want to go with an immaculate Medical Billing and …
When It comes to credentialing, every contract is critical, each contract contributes to the net revenue of a practice and while getting on a payer’s panel means catering to a larger patient base, it also means a strenuous amount of paperwork and months of follow-up. Its no surprise physicians stress out easily over credentialing. Fact …
“Insurance Credentialing for free? What Physicians Need to Know”
Workers Compensation Healthcare Delivery is a special type of insurance that covers the treatment of injuries occurring on the job. It provides the workers who are injured at work, coverage of wage replacement benefits for medical treatment, vocational rehabilitation and few other benefits as well. Workers Compensation Healthcare Delivery billing may be puzzling sometimes because …
If you know around half of all submitted healthcare claims of a patient are denied just because they are failed to clear the complete patient eligibility verification process of healthcare services billed to the insurance provider. Generally, patients are found ineligible to claim reimbursements of their medical bills just because their policy has been modified …
“Complete Patient Eligibility Verification – A Leading Cause of Claim Denials!”
Businesses set on a larger scale own much more developed resources than small-sized businesses, so as to escape any conflicts regarding bookkeeping, owing to which they can easily withstand damages that arise due to problems with accounting. But still, Bookkeeping has an important part in the small and mid-sized businesses, but as it happens, they …
“Why it is Critical to Have a Sound Bookkeeping and Accounting Process?”
Unless you are actually in the collection business, there is a good chance that you have quite a few higher priorities than managing your company’s accounts receivable. You might even delegate that task out to an assistant or employee without much thought. However, when those receivables stop flowing into your bank account, all of a …
If, by chance, you don’t monitor debt claims, you may forget to charge certain clients or you won’t know whether you’ve been paid. You may wind up giving your item for free and at the same time, affect your capacity to be productive. The more time it takes to send the receipt, the lower are …
As a medical practitioner, you’re helping your personal injury clients to get their Personal Injury Compensation Claims which they deserve to properly navigate through the road of recovery. This complex claim settlement process is never so much easy as you have to tackle different insurance companies along with a lot of legal issues to ensure …
The process of medical billing insurance claims process starts when a medical practitioner starts treating a patient and prepares a bill of services for a designated payer, such as health insurance provider Co. In the health insurance sector, with the continuous rise in competition new operating models are coming into the spotlight. These providers access …
“Medical Billing Insurance Claims Process – Efficient and Cost-Effective”
All small practices, hospitals, and bigger healthcare systems are known for treating patients and saving lives. Also, every healthcare practice or organization needs to create successful procedures and policies for staying financially healthy. Here, the healthcare revenue cycle management plays an important role to simplify administration for medical institutions, especially for hospitals. It helps to …
“Hire a Reliable Revenue Cycle Management Flow Chart Services”
Accounts Receivable Management in Medical Billing is referred as a dedicated procedure where an undesirable account aging along with intensifying number of Accounts Receivable days and denials are controlled and managed. AR involves the management of many reports related to collection analysis, insurance, write-offs, ratio analysis, and bad debt reviews. As per current trends of …
“Role of Accounts Receivable Management in Medical Billing for Claim Reimbursement!”
If you are planning to file online Secondary Claim Submission, make sure that the patient’s secondary insurance is on file before submitting your primary claim electronically. In case, it is not recorded when the primary claim is filed, you won’t allowed filing the secondary claim online. In simple terms, you can create Secondary Claim Submission …
Most healthcare companies are very well known to the importance of Medical Billing Data Entry and Demographic Entry Services. It contains every single piece of information related to the patient which can directly affect the payment of insurance claims. An accurate and error-free patient demographic entry is very crucial for claims submission as it allows …
“Why are Medical Billing Data Entry & Demographic Entry Services important?”
In the complexity of today’s administrative processes and revenue cycle processes, handling the medical billing in-house is a cumbersome task for most health groups and individual practitioners. On the other side, outsourcing medical billing services help health groups to focus more on their patients and save resources and money. Medical billing outsourcing services depend on …
“Outsourcing Guidelines To Get The Most Out of Your Healthcare Services”
Are you worried about the endless IT issues that wreck your productivity hours & embezzle your business resources for a long period of time? A reliable IT Support service can fix all technical problems under one roof & make your business to stand in the top rankings. At Bikham B2B IT Support service, our proactive …
Healthcare’s Medical Billing is a cumbersome task, especially in a digital environment where regulations & guidelines are changing constantly every day. Technology can boost your organization’s performance i.e. implementing an EHR – Electronic Health Record can dramatically streamline doctor’s workflow and smoothen the communication with patients & peers. In the in-house medical billing, you require …
Currently, we have a 100 seater KPO facility completely dedicated to our patient follow up service section. Our follow up executives are trained impeccably on being extra courteous, polite and helpful to the patients and their family members. We are constantly getting great Aces in satisfaction survey results from our providers’ clinics and hospitals on the …
Bikham Healthcare’s RCM Services help you optimize your Revenue Cycle Process. Our Specialized Denial Management team excels in Maximizing your Revenues by controlling and minimizing the denials. Enhanced Collections all the way!
Revenue Cycle Management (RCM) is also referred as the lifeline of any medical practice. Many physicians sometimes mistakenly find a Revenue Cycle Management Company similar to Practice medical billing company. RCM medical billing is more extensive than medical billing which involves coding and billing, denial management, claim processing, patient payments, and revenue generation. End to …
“End to End Medical Billing and Revenue Cycle Management Solutions”
When you give your DME billing in Bikham’s hands, be prepared for Reduced DSO by managing timely AR & Denials Accurate Billing by trained staff A compliance check of all Rentals & Purchases per Medicare LCDs & other Commercial Payers Structured AR & Denial Management. Try Bikham’s DME Billing services!!!
At Bikham’s technical support center, technical support outsourcing has long since evolved from simple call handling to business process re engineering. The IT Help Desk has expanded to the integrated Service Desk. We have proven our capabilities in strategic call center voice and non-voice technical support outsourcing, both onsite and offshore.
Here at Bikham’s patient follow up the call center, our follow up executives are trained impeccably on being extra courteous, polite and helpful to the patients and their family members. We are constantly getting great Aces in satisfaction survey results from our providers’ clinics and hospitals on the level of service provided.
Emergency Room Billing is a real challenge for physicians and healthcare firms. It includes the processing of claims for various medical procedures performed by a physician to the insurance companies. Any minor error in medical bills and insurance claims will lead to the denial of claims that could critically affect the cash flow of a …
“Emergency Medicine Billing and Payment Collection Services”
