Medical Billing Blogs

  Just as any other medical specialty, Pathology too, needs accurate documentation for generating any patient’s medical report. For a pathologist, when taking care of pathology billing and coding, it’s absolutely important to acquire prompt and accurate pathology reports in order to ensure successful reimbursements. Whether it’s a clinical lab, a physician office lab or even an independent lab, each of these will have different needs and ways to deal with issues related to patient documentation, payer types, or set of procedures. Also, billing for pathology involves a huge variety of different code types and it’s essential for pathologists to be fluent in it while staying updated with the periodic updates. What Is CPT®? Pathologists will need to accurately use CPT® which is the medical code set for physicians and health care professionals. Current Procedural Terminology, commonly known as CPT® acts as a uniform language for coding billing medical services and procedures for r...

  Several factors influence your radiology practice collections and improper management of collection measures that may lead to lose revenue of your in-house practice. Therefore, it becomes important to evaluate your radiology A/R and collections regularly so as to observe any gaps in your collection strategy. To improve your radiology practice collections, here are some key factors you need to take into account. Make your patients know their payment responsibility For smooth flow of your Radiology practice collections, it is important to keep your patients aware of the insurance process and their responsibility towards insurance payment. In fact, not every insurance will offer the same coverage to patients. Therefore, it is significantly required to make your patients know what diagnosis and treatment their insurance will cover and what not. This will ease out your radiology collection process ensuring consistency in collections and improving your practice’s revenue. Enh...

  Any Durable medical equipment (DME) business aims towards organization development with increased growth in revenue. With evolving growth in aging population and the desire of patients to stay at home due to increasing COVID-19 situation, it is possible to see a rapid growth in DME business. DME suppliers face challenges with Medicare billing and lower payments which may lead to a situation where patients have to pay out of their pockets instead of suppliers claiming their bills. Since the regulatory compliance keeps changing according to medical trends, it becomes highly complex for DME billing industry to manage their claims. If you are one among those DME suppliers need support to manage critical situations with DME billing, here are some solutions that can help your billing be intact. Optimize your DME billing process to fasten up A/R Collections Make sure you validate the insurance a day or two prior to fixing your insurance appointment. By doing so, you can increase...

  24/7 Medical Billing Services has been instrumental in the growth of many DME stores in the Ohio area. As recent times have hit the Medical Equipment suppliers hard, mostly because of the lack of foundational trust, 24/7 Medical Billing Services Company has taken a successful stride by signing a contract with a prominent DME store in the region. Even though the prominence DME suppliers enjoy is high, their reimbursement margins are low. It is a fact that has been clear for most DMEs across Ohio. It proves that meagre reimbursement levels aren’t enough to sustain their business. Furthermore, the high costs of Durable Medical Equipment’s have not left enough room for financial growth. But that’s not the only reason it happens, for the blame also lays upon the constantly modifying regulatory compliances. “The financial well-being of any business hinges on the communication of accurate billing data. As margin shrinks and the dynamic regulatory compliances from HIPAA start posing...

  If you hire a new physician, nurse, or any other healthcare practitioner, it is important to update them through the various medical credentialing processes . Provider credentialing is the process of establishing that these medical providers have the necessary qualifications for performing their medical services. Even if a DME provider has been approved by the insurance panels initially, they need to reapply each time when they change their employers. This process is known as the re-credentialing process and is a periodic inspection of ensuring that each DME provider is still qualified and is open to practicing their service in the given network. Unfortunately, medical credentialing and re-credentialing is an expensive and time-consuming process that can take away a lot of your resources' productivity. To make the system a little more transparent, the experts of 24/7 Medical Billing Services have documented a guide to help you with the process of reviewing the six key steps ...