2. Avoiding Medicare Audits For Your ASC Billing
Practice
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For both outpatient and inpatient administrations, ASC billing
services comprise billing of cases established for treatments
performed by physicians, suppliers, and other non-institutional
suppliers.
But when it comes to your ASC Billing Practice, you already know that
the only thing worse than having to maintain and follow are
complicated Medicare's set of rules is having to worry about a
prospective audit. Internalizing the system's insurance regulations and
multiple restrictions is required when treating Medicare patients. This
may be rather be overwhelming at times and the continuous pressure
of an audit doesn't help to calm your nerves.
However, ASC's billing services are not always error-free and it can
arise for a variety of reasons, including incorrect codes, a lack of
monitoring, inconsistency in billing methods, failure to adhere to
professional standards, and breaking out services and billing as
separate procedures when they should be included.
3. Avoiding Medicare Audits For Your ASC Billing
Practice
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With that in mind, here's a quick review of everything you need to
know about Medicare audits and how to avoid them. Although
avoiding a Medicare audit may be impossible, following these tips can
help ensure that you are well prepared.
Detail Documentation
To minimize Medicare audits, proper and complete billing
documentation is required for Ambulatory Surgery Center (ASC)
services.
Accurate Documentation
While the use of templates is acceptable sometimes, the paperwork
must be extensive, precise and tailored to each individual patient to
avoid any sort of copy-pasting.
4. Avoiding Medicare Audits For Your ASC Billing
Practice
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Coding
Using the services of a qualified coder to conduct a performance audit
might help you identify possible issues.
E&M Coding
According to statistics, physicians who over-code for evaluation and
management services are at a considerably higher risk of being
audited.
Modifiers
Modifiers have been an important part of the Medicare billing process
since the implementation of Physician Payment Reform in 1992.
5. Avoiding Medicare Audits For Your ASC Billing
Practice
Improve
Track the accounts receivable that are pending to get a better
collection. Track each figure quarterly and compare it with the last
year's numbers for timely analysis of new procedures.
Also, keep track of problematic accounts for potential challenges in
the future. For example, late payments, frequent changes in contact
details, or frequent declined payments are some of the very common
giveaways for such problematic accounts.
Outsourcing
All these struggles can be easily managed by outsourcing medical
billing and coding services.
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6. Avoiding Medicare Audits For Your ASC Billing
Practice
Conclusion:
For any ASC Billing Practice, a Medicare audit can be an unwanted
and unpleasant experience. While it is best to avoid it entirely, this is
not always possible.
Wondering how you can do everything on your own? Well, you don't
have to. You can simply outsource Ambulatory Service Center
billing to 24/7 Medical Billing Services which can take care of all
your billing needs. Our most competent professionals and certified
coders ensure that your billing system is constantly up to date with
Medicare regulations while maintaining accurate and detailed
documentation so that your practice doesn't need to face Medicare
audits. Our in-depth knowledge and expertise in using codes enable
us to maintain your ASC medical record system for consistency in
medical coding and billing processes.
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7. Avoiding Medicare Audits For Your ASC Billing
Practice
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing
service provider catering services to more than 43 specialties across
the entire 50 states. You can rely on us for end-to-end revenue cycle
management. We guarantee up to 10-20% increase in the revenue
with cost reduction of your practice for up to 50%.
Media Contact:
Hari Sudan,
24/7 Medical Billing Services,
16192 Coastal Hwy, Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - info@247medicalbillingservices.com
https://www.247medicalbillingservices.com | +1 888-502-0537