Beyond the Basics: Leveraging Real-Time Eligibility Checks to Reduce Patient Bad Debt by Analytix Editorial Team | 13:53 Imagine this: a patient comes in for care, their insurance seems valid, and everything looks good at check-in. But weeks later, when you submit the claim, you find out their coverage had expired before the visit. Now the balance is the patient’s responsibility—and you’re stuck chasing payments or writing off the bill as bad debt. Sound familiar? This scenario happens far too often in healthcare. In fact, many organizations lose a significant portion of revenue every year because of inaccurate or incomplete insurance verification. As patient financial responsibility continues to rise with high-deductible health plans, this problem is only getting worse. That’s where real-time eligibility (RTE) checks come in. If you’re already familiar… Read More
Stop Denials Before They Start: The HME Provider’s Pre-Billing Checklist for Maximizing Reimbursement by Analytix Editorial Team | 09:43 If you run or manage a Home Medical Equipment (HME) business, you’ve probably dealt with the frustration of denied claims. Maybe it was something small—a missing modifier, a date mismatch, or an incomplete physician order. But the result was the same: delayed payments and more time wasted chasing reimbursements. What makes this even more frustrating is that most denials are completely preventable. Nearly 80% of denied healthcare claims could have been avoided with the right pre-billing checks in place. That’s time, money, and energy your team could’ve saved. In today’s HME environment, where compliance rules keep changing and margins are tight, prevention isn’t just smart—it’s essential. Every denial not only impacts your cash flow but… Read More
What is the Medical Billing Process and How Can You Improve It? by Analytix Editorial Team | 13:43 Imagine receiving home medical equipment from your HME provider—perhaps a CPAP machine, a wheelchair, or oxygen therapy supplies. You speak with a care coordinator, receive your equipment, maybe even undergo a setup or training session—and then, you go about your life. Weeks later, a bill arrives. But behind the scenes, a complex journey has already unfolded. That journey is called the medical billing process, and it’s far more intricate than most patients realize. In this blog, we’ll break down what the medical billing process looks like for HME providers, why it’s essential to the healthcare revenue cycle, and most importantly,… Read More
Revenue Cycle Management and Security by Analytix Editorial Team | 07:25 Today, we're excited to unveil an exclusive opportunity to delve into the fascinating world of revenue cycle management (RCM) and security. At Analytix, we understand the importance of staying informed about the latest industry trends and best practices, especially if your business is in the healthcare space. That's why we've created a captivating podcast episode that uncovers the secrets behind effective revenue cycle management and explores the critical role of data security in healthcare. The Podcast Episode: Our podcast episode is a treasure trove of insights and expert advice on revenue cycle management and security. We do a deep dive… Read More
What Is Value-Based Care? A Comprehensive Guide to Better Outcomes and Lower Costs by Analytix Editorial Team | 11:13 Value-based care is transforming healthcare by paying providers for patient outcomes instead of the number of services delivered. This shift from volume to value is creating better health results, lower costs, and improved patient experiences across the healthcare system. Unlike traditional fee-for-service models that reward quantity, value-based care models focus on what matters most: whether patients actually get healthier. This approach aligns financial incentives with health outcomes, encouraging prevention, care coordination, and patient engagement. The benefits of value-based care are clear and measurable. Organizations implementing value-based models report improved patient outcomes, reduced costs through fewer unnecessary procedures, enhanced care coordination… Read More
Medicare Open Enrollment 2024: Everything an HME Provider Needs to Know by Analytix Editorial Team | 12:19 Medicare Open Enrollment is more than just a seasonal update. It's an adaptation maybe to one of the biggest changes in Medicare's history. One of the biggest updates takes effect in 2025, when Part D plans will cap out-of-pocket spending on covered prescription drugs at $2,000 per year. For HME providers, this change isn’t just about savings on prescriptions—it’s about understanding how new plan modifications might affect your business operations. During Medicare Open Enrollment, beneficiaries have the option to change their plans, adjust coverage, or explore new options. These decisions may directly impact your reimbursements and service activities, making it… Read More
Medical Billing Essentials: Optimizing Revenue and Growing Your Business by Analytix Editorial Team | 08:38 Attrition, claim delays, and income irregularities are some challenges routinely faced by HME providers. From navigating complex reimbursement procedures to grappling with regulatory changes, the landscape is fraught with obstacles. Additionally, operational inefficiencies, supply chain disruptions, and mounting administrative burdens further compound their struggles. These formidable barriers can culminate in a relentless cycle of anxiety, hindering providers' ability to deliver quality care effectively. However, amidst these challenges lies the opportunity for resolution and transformation. The Analytix Healthcare Services team understands the complexities of medical billing and its repercussions on HME operations. Apart from skilled training and expertise, our team is… Read More
5 Reasons Why Outsourcing Medical Billing is Essential for Healthcare Success by Analytix Editorial Team | 14:06 Imagine your healthcare practice, striving to provide top-tier patient care, yet bogged down by the complexities of medical billing. Sound familiar? You are not alone. Healthcare providers are constantly seeking ways to enhance medical billing efficiency without compromising the quality of care. One viable solution is to outsource your medical billing. Key Benefits of Outsourcing Medical Billing 1) Better Cash Flow Management To sustain healthcare practice, predicting cash flow is very important. Outsourced medical billing ensures timely invoicing and revenue collection, fosters financial stability, and enables strategic planning for future growth. Overall, your Revenue Cycle Management (RCM) will optimize at… Read More
Why Outsourcing Dental Billing and Revenue Cycle Management (RCM) is the Right Solution for Private Dental Practices by Analytix Editorial Team | 11:21 Running a private dental practice comes with unique challenges and opportunities. Practitioners strive to provide patients with the best possible dental care while juggling various administrative processes, including: Appointment scheduling Benefits verification Revenue cycle management Handling insurance claims These tasks are necessary for operating a dental practice, but they can take up time you'd rather spend on patient care and customer service. This is why outsourcing dental billing can be an attractive option for many private dental practices. Let's look at three key reasons a dental clinic might outsource, along with some dental billing tips and best practices for outsourcing. … Read More
Navigating Supply Chain Issues: 3 Tips for DME Providers by Analytix Editorial Team | 09:27 Across the globe, millions of patients rely on durable medical equipment (DME) providers to furnish them with essential tools for maintaining safe and healthy lifestyles. The responsibility for ensuring reliable equipment for critical medical procedures falls squarely on DME companies. But navigating this responsibility isn't easy. They face constant obstacles like global supply chain disruptions, market volatility, and rising economic inflation. Like any business, DME providers face common challenges in their operations. However, they manage these challenges alongside the unique responsibility of ensuring their patients have reliable access to essential medical supplies. Here's a breakdown of how economic and logistical… Read More