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Address Challenges in Physician Billing to Improve Practice Revenue

  Most of the medical practices are having a tough time sustaining and enhancing their business performance and revenue as the healthcare industry keeps on improving and changing updates regularly. Attempting to juggle between reduced resources with increased patients and providers’ demand makes it hard to keep improved practice revenue and financial growth. Let’s discuss physician billing challenges and how to address them to improve practice revenue. More Claim Denials Physicians are experiencing great revenue loss because of more number of claim denials. It takes a great deal of their energy and endeavors to audit subtle information and changing guidelines for documentation before claim submission. Without  medical billing service  providers, it is extremely hard to drive payments without confronting the issues of payment denials, repayments, and inefficient payment plan. Securing Patient’s Data HIPAA has implied high standards for secured patient’s information. It is funda

Strategies To Maximize Radiology Practice Reimbursement

Radiology billing and coding   are often seen as unmanageable. It’s difficult to stay up-to-date on the individual payer and regulation changes. Billing and coding inconsistencies may lead to claims denials. Here’s a closer look at some strategies to maximize radiology practice reimbursement. · Use of proper modifiers · Leverage Payer Contracts · Better manage denials Use Proper Modifiers Incorrect modifiers are one of the reasons for lost reimbursement in radiology practices. While submitting the claim, physicians have to mention where the radiology service rendered, who owns the equipment as a modifier. 26, TC, 76, 77, 50, LT, RT are few of modifiers used in radiology medical billing. · 26 — Professional component- This modifier is used when the physicians supervise and interpret a diagnostic test and write reports. · TC — Technical component — This modifier covers the cost of staff, types of equipment and non-professional components. · 76 modifiers used when

How to Avoid Radiology Claims Denials?

For successful radiology practices, error-free claim and timely submission is one of the key aspects that improve practice cash flow but also reduce the overall billing cost.   In radiology billing services , most of the medical claims are denied by the payers due to some reasons. Incorrect information of patient’s insurance coverage, eligibility is one of the main reasons for radiology claim denials. Let’s discuss the reason for radiology claim denials and how to avoid them. Focus on Insurance Plan Information  Having right insurance plan is an important element in medical billing.   Collect the below details to get the full reimbursement without any rejections. Name of the plan Subscriber Name Group number Coverage effective dates Secondary /supplemental coverage Verify Basic Demographic Details of the Patient: Ensure the patient fills all the details without any error at the time of registration.   Below is the checklist to be verified: Patient’s address

Why Medical Billing Outsourcing Right for Your Practice?

To avoid medical claims rejections, most of the physicians/medical groups outsource their medical billing.   Moreover, medical coding errors impact physician monthly collections. Forthose reasons, most of the physicians and medical groups outsource their medical billing. Let us discuss why you should outsource medical billing . What is Medical Billing Outsourcing? Medical billing Outsourcing is the way of completing the billing work out by contracting to third party medical billing companies . Based on the contract, the medical billing company is responsible for medical coding and billing related works, such as medical coding audit reports, research support, and clinical improvement services for their clients. They are also responsible for keeping their medical coding and billing professionals up-to-date on the current trending coding skills. Improves the Accuracy Most of the claim rejections occur due to over-coding and under-coding. By outsourcing the medical billing

Denial Management in Medical Billing

Do you want to know how e-care handles your medical claims denials? Watch here!! Hurry up!! Further Queries Visit us https://www.ecareindia.com/denial-management.html