What Is The Best Solution For Radiology Coding Issues?
Coding precision is vital for radiology practices to get paid
for rendered services. Since coding inconsistencies are quite common in
radiology environments, it becomes necessary to have expert billers and coders
working for the practice.
The main reason behind coding inconsistencies is that the
professional and technical billing processes don’t often overlap. There are
chances a technologist focused on patient care will miss the charge-capture
updates that are required for reflecting a change in patient procedures or
supplies being used. Even a busy radiologist may interpret an exam using a
different procedure name or may not have the necessary documentation for
supporting coding for a certain procedure even though it was completed. Due to
this disconnect, a greater risk of compliance issue crops up and it leads to
under-coded or lost charges.
Every radiology practice is dependent on the proper execution of
a complex chain of diagnosis and disease coding and procedural coding. But
unfortunately, not all radiologists are aware of the important link between the
two coding systems.
Inconsistencies in coding noticed by payers can leads to
denials, delayed payments and an increased risk of compliance. With ICD-10 coding challenges
have increased. This has pushed the need for trained coders who have a good
understanding of the codes. Also, radiologists need an expert team of billers
who understand the complexities of the reimbursement system and who can help
the providers comply with the changing directives.
Errors in coding cost an average radiology practice the
equivalent of a full time coding professional. Errors also leave the practice
vulnerable to compliance risks. So it is very important for practices to
provide adequate documentation to the coders so that they have the necessary
data for maximizing revenue. The coders need to be well-trained and experienced
because if they are over-coding, then it will threaten compliance and if they
are under-coding, it will result in lost revenue.
In order to deal with radiology
billing and coding challenges, many providers have started
outsourcing their reimbursement needs to a third party. They are hiring a
billing partner to get access to their team of certified coders who are
specialized in radiology coding. Billing companies not only help radiologists
overcome revenue challenges but they also help the providers identify
deficiencies in their documentation. This is necessary for improving the
quality of medical records and also for optimizing reimbursement.
About 24/7 Medical Billing Services:
We are a medical billing company that offers ‘24/7
Medical Billing Services’ and support physicians, hospitals, medical
institutions and group practices with our end to end medical billing solutions.
We help you earn more revenue with our quick and affordable services. Our
customized Revenue Cycle Management (RCM) solutions allow physicians to attract
additional revenue and reduce administrative burden or losses.
Contact:
24/7 Medical Billing Services
Tel: +1 888-502-0537
Email:
info@247medicalbillingservices.com
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