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Medical billing management services
 

Medical billing management services

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Medical claims can get denied or rejected for many reasons. Physician practices are increasingly relying on professional medical billing management services to prevent reimbursement issues and ensure ...

Medical claims can get denied or rejected for many reasons. Physician practices are increasingly relying on professional medical billing management services to prevent reimbursement issues and ensure increased cash flow and revenue.

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    Medical billing management services Medical billing management services Document Transcript

    • Outsource strategies International Call: (800) 670 2809 Medical Billing Management Services - Increased Cash Flow and RevenueMedical claims can get denied or rejected for many reasons. Busy physiciansfind it difficult to deal with mounting reimbursement issues on their own. Ifnot tackled at the right time, medical billing problems badly affect therevenue of the practice. Relying on professional medical billing managementservices is the best option. Medical billing companies providing theseservices have specialists to handle the entire billing and coding process toensure increased cash flow and revenue for physician practices.Services to Prevent or Overcome Claim Denials and RejectionsSome of the common reasons forclaim denial are insurancecoverage is non-effective orterminated, incorrect policy holderinformation, the diagnosis does notsupport procedure coverage, non-covered benefit, failure to meet thefiling deadline, and so on. Claimscan also be rejected, the reasons being missing information, incorrect codes,incorrect place of service codes, incorrectly filled forms, and typographicalerrors.The medical billing management services that an established medicalbilling company offers can prevent or overcome these issues. Its team of Medical Billing Management Services
    • Outsource strategies International Call: (800) 670 2809medical billing specialists, AAPC certified medical coders, accountingspecialists, quality assurance staff, and other professionals would work as anextension to the medical practice. Besides striving to ensure clean claimsubmission, they also follow up on denied and rejected claims to maximizereimbursement. Services provided to manage the practice revenue cyclewould cover: • Enrollment into the billing system – entry of demographic and insurance information • Verification – verification of primary and secondary health insurance, and insurance authorizations • Coding to ensure compliance – Hospital / in-patient coding, emergency room e-code evaluation, DRG/ICD-9-CM coding validations, CPT coding, Ambulatory Surgical Centers Coding, ICD- 9 coding based on AMA and CMS guidelines, and more • Billing and reconciling of accounts – charge entry, cash posting and reconciliation • Accounts Receivable collection – payment collection from insurers and patients, and follow up and collections of old accounts receivable.Each insurance company use different denial codes, and therefore awarenessof each insurance and what its denial codes mean is crucial for follow up ofthe denial. As part of its efforts of overcome denials, the medical billing Medical Billing Management Services
    • Outsource strategies International Call: (800) 670 2809company would submit a written appeal to the insurer to evaluate andreverse the denial on a valid claim.HIPAA Compliant Medical Billing ServicesIt’s obvious that medical billing management services are specificallyplanned to ensure increased cash flow and revenue for all medicalspecialties. It is an advantage to outsource your practice revenuemanagement tasks to a HIPAA-compliant medical billing company thatoffers: • System based eligibility checks • System based claims checks before they go out • Custom service with an exclusive team on each client project • Stringent quality assurance • Regular reports, analysis and forecasts • Coding updates • Timely solutions • No long term yearly contractsReliable outsourcing companies offer a free trial of their services. Test drivethe services of a few selected providers before you make your final choice. Medical Billing Management Services
    • Outsource strategies International Call: (800) 670 2809 MOS Outsource strategies International 8596 E. 101st Street, Suite HContact details Tulsa, OK 74133 Phone: (800) 670 2809 URL: http://www.outsourcestrategies.com/ Medical Billing Management Services