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1. Impact Of Medical Billing Audits On Your
Practice
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2. Impact Of Medical Billing Audits On Your
Practice
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Auditing plays a vital role in every business across all industries. The
process ensures that the facility adheres to the laws and regulations set
out by the overseeing body and the government. It also helps identify the
scopes of improvement in the internal process while ensuring a proper
revenue management cycle is in place.
Similarly in medical practice, audits are done to better the operation by
auditing the claims administration. The other is the self-audit of the
process to identify the mistakes within the practice and improve them.
Medical billing audits in practice become essential at times because they
can help find errors in the coding and the billing process. Without the
audit, the opportunity to recover from the revenue loss is challenging,
mainly when the claims in the medical business are pretty complicated.
Hence, in this article, we will look into the impact of medical billing audits
on a practice.
Read more…

3. Impact Of Medical Billing Audits On Your
Practice
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What Is Medical Billing Audit?
Before we go into the details of how a medical billing audit affects the
practice, it's essential to have a clear understanding of what is medical
billing audit.
Evaluating and examining the effectiveness of the overall medical billing
process of practice, along with the reliability of the clinical
documentation, can be stated as medical billing audit. The planned
process entails:
 A thorough check and review of all the health records maintained,
 Medical billing data submitted to the insurance companies,
 Monitor the billing practice and process,
 Correction of any incorrect billing practices
 When the audit takes place, the practice can be asked to submit the
following:
 Clinical records, like x-ray, medical, lab reports, etc.
 Financial records like charges entered, explanation of benefits

4. Impact Of Medical Billing Audits On Your
Practice
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Medical billing audits can be categorized into two sections:
Retrospective: The audit is done after the claims are sent to the payers,
and it is generally the current providers' audit retrospectively.
Prospective: The audit takes place before the claims are sent, and
some practices follow the prospective audit with new providers.
Now, with a comprehensive idea of what a medical billing audit is, let's
see its effects on practice.

5. Impact Of Medical Billing Audits On Your
Practice
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Effects of Medical Billing Audit On A Practice
Apart from the benefits like improving the medical claims ratio and the
coding semantics, the medical billing audit impacts the practice in many
other ways. Here are some of them:
Better medical claim performance
Typically the reasons that claim often get denied are due to the facility
Failing to provide the pre-authorization,
Inaccurate documentation,
Errors in claim forms and patient data,
Errors in coding,
Duplicate claim submission,
Missing the claim submission deadlines,
Lack of coverage due to ineligibility,
A medical procedure that is considered to be not necessary, etc.
All these factors can be checked and corrected with timely medical
billing audits and help the regular and seamless flow of the revenue for
better healthcare business.

6. Impact Of Medical Billing Audits On Your
Practice
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Effects of Medical Billing Audit On A Practice
How To Move Forward With Medical Billing Audit?
At 24/7 Medical Billing Services, we specialize in medical billing and
coding services. Our certified professionals conduct regular internal
audits to ensure that your practice is not losing any revenue for medical
coding and billing mistakes. Also, we confirm that the practice complies
with the federal and state government health policies and regulations.
When you outsource medical billing services to 24/7 Medical Billing
Services, we ensure we take care of your revenue management and
other compliance while you care for the patients.

7. Impact Of Medical Billing Audits On Your
Practice
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About Us:
We are a medical billing company that offers ‘24/7 Medical Billing
Services’ and support physicians, hospitals, medical institutions and
group practices with our end to end medical billing solutions. We help
you earn more revenue with our quick and affordable services. Our
customized Revenue Cycle Management (RCM) solutions allow
physicians to attract additional revenue and reduce administrative
burden or losses.

8. Impact Of Medical Billing Audits On Your
Practice
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Media Contact:
24/7 Medical Billing Services
Georgia
3001 Greenfield Drive, Marietta GA
Ohio
28405 Osborn Road, Cleveland, OH 4414030068
Texas
2028 E Ben White Blvd, #240-1030 Austin TX, 78741
Delaware
16192 Coastal Highway, Lewes, Delaware 19958, United States
Phone no / Fax : +1 888-502-0537
Email us: info@247medicalbillingservices.com