Medical Billing Blogs

  With as many as one-third of all Americans developing a brain or neurological disorder during their lifetime, your work as a neurologist is critical—and complex. Neurologists and neurosurgeons treat a wide range of conditions, from epilepsy and dementia to spinal injuries and cancer. That’s what makes neurology billing and coding both complicated and time-consuming tasks. You gain a reliable and experienced partner who can help you streamline your neurology practice and maximize your revenue stream when you outsource your neurology billing and coding . Benefits of outsourcing neurology billing Neurology billing outsourcing has grown in popularity in recent years. It allows a neurology medical facility to focus on its core mission: providing the best patient care and services. Let’s see how outsourcing neurology billing services are beneficial for the healthcare industry: ●      Reduce billing errors Even minor neurology billing errors can have serious ...

  Durable medical equipment (DME) billing is an essential aspect of revenue cycle management in the healthcare industry. As the industry evolves, DME has grown in importance and now serves millions of patients. However, managing the billing processes and reimbursements associated with DME can be time-consuming and labor-intensive. DME billing is becoming more of an administrative burden for healthcare providers as regulatory requirements continue to grow. In fact, the DME billing process is prone to numerous mistakes and errors due to such complexities. If not addressed properly, these errors can result in claim denials or rejections, resulting in significant losses for the DME provider. Here are some of the most common DME billing requirements one must be aware of to receive the adequate reimbursement amount for the services provided. What is DME Billing? The process of generating and submitting claims for the durable medical equipment provided is called DME billing. However...

  The pediatric billing and coding process is one of the most important, if underappreciated, aspects of the healthcare system. This procedure ensures that healthcare providers receive payment for the services they provide. However, the pediatric billing process requires a high level of accuracy to ensure that claims are issued and payments are processed quickly. Errors or outdated information can cause major issues in pediatric practice. For example, failing to enter correct patient demographic information or failing to check and verify patient eligibility can result in costly denied claims. Any changes to patient information must be carefully reviewed and entered, all transmissions must be confirmed, payments must be posted, and accounts receivable must be worked on time. Since all of this must be done in addition to dealing with patient calls and other day-to-day demands in a busy pediatric office, taking the time to implement the best pediatric coding and billing practices ...

  The changing procedures and regulations in the medical billing processes in the healthcare industry have resulted in a financial crisis for a number of physicians. Being a physician in the twenty-first century entails more than just treating patients. Globalization's impact, technological advancements, rising healthcare costs, and new government regulations are just a few of the challenges physicians face in providing high-quality care. Not only this, your financial crisis can also be affected as a result of changing procedures and regulations for medical billing services. As per the experts, the most complex challenge for physicians is integrating their financial policies with real-time changes in medical coding and physician medical billing services . However, once you know what the challenges are, you can easily overcome them, right? Let's take a look at some of the most common and current medical billing challenges that physicians face: ●      ...

  Did you know? According to an American Hospitals Association report, the total cost of uncompensated hospital care since 2000 has exceeded $620 billion. As per another survey, 99% of medical bills in excess of $3,000 were not paid in full. Furthermore, bankruptcies in the health care sector have tripled with eight hospitals declared bankrupt and nine others closed their doors. Also, failures in claims processing, payments, billing, and bad debt collection cost healthcare providers $300 billion per year. All these statistics highlight a major issue confronting US healthcare providers today, i.e., revenue erosion. That’s why it is important to deal with these issues at the earliest and OUTSOURCING your medical billing is a one-stop solution to all your problems.   Let’s have a deep dive into the different reasons for medical billing outsourcing : ●         Fewer Errors: Incorrect patient data, duplicate billing, and authoriz...

  You must have an accurate and efficient medical billing experience for your dermatology practice to receive maximum service reimbursement. While every medical specialty requires precise billing procedures to receive treatment payments, dermatology practices must go above and beyond to ensure accuracy. Paying special attention to compliance guidelines and the specialty's unique use of modifiers is part of proper medical billing for dermatology practices. In fact, Dermatology practices face distinct medical billing and coding challenges due to the specialty. As dermatology requires both medical and surgical aspects, dermatology medical billing can be complicated and necessitates a thorough understanding of dermatology CPT codes, modifier usage, and other factors. Let’s have a deep understanding of common mistakes physicians commit with dermatology billing: 1. Insufficient Claim Information A single empty or unchecked box on a claim can result in a denial. Even the most esse...