Radiology And Imaging Centers Billing Best Practices
Today’s radiology practices face significant financial challenges. Over the last decade, compliance rules have changed, physician reimbursements have fallen, high-deductible health plans have become common, and the costs of employing staff to provide services, such as Radiology and Imaging Centers Billing and audits, have risen. All of these factors have reduced the operating margins of practices. In other words, it can be said that radiology practices face numerous reimbursement challenges – adding trouble to their survival. But fortunately, such practices can improve inefficiencies in various ways. As a result, practices should consider novel approaches to managing these dynamics. Let’s have a deep dive into a few of such ways: 1. Leverage Technology for Collections After insurance payments, there will inevitably be uncollected balances, and the practice will have to contact the patient for payment. Accounts receivable follow-up activity can be scheduled and executed ...