EMS Billing and Collections

Financial Advisor in EMS Billing: Commitment to Ethical Standards

By Taina Rodrigues-Wells | January 31, 2024 | Comments Off on Financial Advisor in EMS Billing: Commitment to Ethical Standards

Typically, EMS billing companies aim to assist EMS providers with revenue cycle services. That means accruing cash collection through a billing process and resulting in reimbursement from payers for the medical services rendered. Besides providing distinguished EMS billing services, EMERGICON believes in acting as a financial advisor for its partner agencies.  A financial advisor provides expert guidance and […]

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Financial Advisor in EMS Billing: Elevating Client Relationship

By Taina Rodrigues-Wells | January 24, 2024 | Comments Off on Financial Advisor in EMS Billing: Elevating Client Relationship

Typically, EMS billing companies aim to assist EMS providers with revenue cycle services. That means accruing cash collection through a billing process and resulting in reimbursement from payers for the medical services rendered. Besides providing distinguished EMS billing services, EMERGICON believes in acting as a financial advisor for its partner agencies.  A financial advisor provides expert […]

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Financial Advisor in EMS Billing: Financial Planning Approach

By Taina Rodrigues-Wells | January 18, 2024 | Comments Off on Financial Advisor in EMS Billing: Financial Planning Approach

Typically, EMS billing companies aim to assist EMS providers with revenue cycle services. That means accruing cash collection through a billing process and resulting in reimbursement from payers for the medical services rendered. Besides providing distinguished EMS billing services, EMERGICON believes in acting as a financial advisor for its partner agencies.  A financial advisor provides expert […]

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Expertise as a Financial Advisor In EMS Billing

By Taina Rodrigues-Wells | January 8, 2024 | Comments Off on Expertise as a Financial Advisor In EMS Billing

Typically, EMS billing companies aim to assist EMS providers with revenue cycle services. That means accruing cash collection through a billing process and resulting in reimbursement from payers for the medical services rendered. Besides providing distinguished EMS billing services, EMERGICON believes in acting as a financial advisor for its partner agencies.  A financial advisor provides […]

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EMS Finance Explained: Billed vs. Collected

By Taina Rodrigues-Wells | December 25, 2023 | Comments Off on EMS Finance Explained: Billed vs. Collected

In an EMS reimbursement cycle, there is always a disparity between the amount billed and collected for an ambulance run. That happens because of allowances, reimbursement variations by payer, and write-off policies.  What is billed? When partnering with an EMS agency, a billing company understands the types of write-offs the agency wants to activate. These […]

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Beyond Revenue Cycle: Financial Advisor in EMS Billing Services

By Taina Rodrigues-Wells | November 6, 2023 | Comments Off on Beyond Revenue Cycle: Financial Advisor in EMS Billing Services

The revenue cycle refers to the series of activities and processes an organization goes through to generate revenue, from the initial customer interaction to the collection of payment. Effective revenue cycle management is crucial for an organization’s sustainability and financial health.  EMS billing companies primarily aim to assist EMS providers with revenue cycle services. That […]

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EMS Finance Explained: Bad Debt Allowance

By Taina Rodrigues-Wells | October 23, 2023 | Comments Off on EMS Finance Explained: Bad Debt Allowance

After understanding the difference between Gross Charges and Contractual Allowances, we jump to a new EMS Finance scenario. As similar as they may seem, Contractual Allowance and Bad Debt Allowance are distinct write-off policies that affect reimbursement for EMS providers.  While both signify an unrecoverable reimbursement amount, Contractual Allowances happen due to a contractual agreement between parties. Conversely, […]

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EMS Finance Explained: Gross Charge vs. Contractual Allowance 

By Taina Rodrigues-Wells | October 16, 2023 | Comments Off on EMS Finance Explained: Gross Charge vs. Contractual Allowance 

The exchange of payment for services or products is the basis of industry. Companies charge a price per unit in return for making products or delivering services. This price typically reflects the production cost, market demand, competition, and profit margins. That’s how it works for most business lines. However, ambulance billing operates differently.  Gross Charge […]

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Medical Billing Write Off Policy - EMS Finance Explained

EMS Finance Explained: Write-off Policies

By Taina Rodrigues-Wells | October 9, 2023 | Comments Off on EMS Finance Explained: Write-off Policies

In EMS finance, write-offs are a common and necessary part of the EMS billing and reimbursement cycle. As an accounting practice, they adjust the accounts receivable balance for a multitude of reasons. This blog will define several of the most common medical billing write-off policies in the EMS revenue cycle. Contractual Allowance A contractual allowance […]

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Texas Senate Bill 2476 - How-To Guide for EMS Agencies

Texas Senate Bill 2476 – What does it mean?

By Taina Rodrigues-Wells | September 4, 2023 | Comments Off on Texas Senate Bill 2476 – What does it mean?

Updated December 20, 2023 Single final submission deadline: February 2, 2024 What is happening: The TDI recently finalized the rules that implement Texas Senate Bill 2476. These rules replace the proposed quarterly fee schedule reporting/submission timeline with a single, final reporting/submission due date of February 2, 2024. What you need to do: If you have […]

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