Category: Healthcare

Healthcare

Insurance Claim Audits Help Physicians Ensure Billing, Reimbursement Accuracy by Whitney K. Schiffer, CPA

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Posted on October 11, 2023 by Whitney Schiffer

Just as annual checkups help patients identify health issues before they become bigger problems, insurance claim audits can help medical practices detect potential revenue cycle problems before they result in significant financial losses. Declining commercial insurance rates and reimbursements have become persistent problems for physicians in private practice, who also face increasingly complex and costly […]

Unique Revenue Recognition Challenges for Hospitals, Healthcare Providers Under New Standard by Melissa Fleitas, CPA

Posted on November 06, 2019 by Melissa Fleitas

The past two years have marked significant changes in the way in which businesses and non-profit entities, including hospitals, report their financial performance. Under accounting standards codification 606 (ASC 606), these entities must adopt new methods for recognizing the timing, amount and uncertainty of revenue from and expenses related to contracts with customers. While healthcare […]