Ambulance Billing and Collections
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 […]
READ MORETypically, 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 […]
READ MORETypically, 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 […]
READ MORETypically, 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 […]
READ MOREIn 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 […]
READ MOREThe 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 […]
READ MOREAfter 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, […]
READ MOREThe 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 […]
READ MOREIn 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 […]
READ MOREUpdated 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 […]
READ MOREIndustry updates & know-how in your inbox
No spam. Just helpful information you won’t want to miss out on.