Medical billing entails a long process of activities, each stage significant to ensure full reimbursement. Majority of the physicians and practices suffer lower revenue collections owing to certain incorrect medical billing practices. Incorrect coding, piled A/R, lack of follow-up can all affect your practice’s financial health. We understand how important it is to strike a balance between offering patient care and steering clear of billing and coding errors that sometimes plague practices.
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Do and dont for Medical Billing ServicesPDF.pdf
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Do’s & Don’ts of Medical Billing
Medical billing entails a long process of activities, each stage significant to
ensure full reimbursement. Majority of the physicians and practices suffer lower
revenue collections owing to certain incorrect medical billing practices.
Incorrect coding, piled A/R, lack of follow-up can all affect your practice’s
financial health. We understand how important it is to strike a balance between
offering patient care and steering clear of billing and coding errors that
sometimes plague practices.
2. Don’t Ignore Denials
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When denial rates are higher than predicted, it may be a sign that your team needs
advanced training or that the scrubbing procedure is inadequate for your existing
workflow.
The following are some of the most common causes for denials:
• You don’t have enough supporting paperwork
• Your doctors aren’t properly certified
• Codes are used for services and equipment that are not covered by the carrier
When you keep track of denial codes, you could see some simple ways to improve your
practice’s efficiency.
4. Don’t Forget Check-In Policy
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When a clear policy is in place and followed every time a patient checks in, the
chances of medical billing complications are reduced.
Before you do anything else, make sure your patient is aware of your payment
procedures, and that all of their data is correct and complete.
Even if they are regular patients, it is a good idea to have them double-check and
confirm that their information each time they visit your clinic.
5. Don’t Fret Over Appeals and Claim Denials
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Despite a near-perfect medical billing process, claim denials still happen.
The best way to deal with claim denials and appeals is to employ medical
billing services that can devote the necessary time to resolving the problem
and obtaining approval for the claim. You must deal with appeals in time to
avoid any losses.
6. Do Maintain Updated Patient Files
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Handling claims with accuracy is difficult if you don’t have the correct information on all
of your patients?
At each visit, you’ll need to remind employees to double-check patient
demographics and insurance information. A patient may have a policy change for a
variety of reasons.
Explaining the procedure as you update their information will help so that they aren’t
taken by surprise with unexpected charges.
Double-check data, like the insurance details and information, including the health
insurance company’s billing address. It’s critical that this information verifies the
records of third-party payers.
7. Do Have a Medical Billing Assessment
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The regulations and environment of medical billing are continually evolving.
Billing assessments guarantee that your practice’s billing processes and
technology are up to date and suitable.
Assessing your present billing system will help you find areas that want
improvement and provide you with the direction you need to make it more
productive and cost-effective.
8. Do A Double Check on the Billing
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Having a process in place to detect claim problems before they are submitted
is the simplest method to be compliant and prevent claim errors. Although
human error is unavoidable, utilising technology – claims scrubbing, rules
engines, etc. can significantly reduce the likelihood of denials.
It’s critical to train your team and provide them with the resources they need
to conduct accurate claims processing for the health of your practise’s bottom
line. The finest thing you can do for your company is to have all of your
accounts managed by professionals. Medical billing and coding is a
complicated process that should only be handled by experts.
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Info Hub, an offshore medical billing company offers
impeccable services in billing, coding, credentialing, A/R
follow-up and more, and to all specialties. Our dedicated
team for every service ensures you get reimbursed
correctly and on time. Medical billing services will
help save you time and revenue in the long run, as well as
relieve you of the burden of this task.
10. About Us
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Though there are several common benefits offered by offshore medical
billing companies, but choosing the right medical billing partner plays a
vital role. Info Hub is one of the leading offshore medical billing companies
in Coimbatore, India, with sophisticated infrastructure and skilled
manpower that is highly experienced in multiple aspects of medical billing
and coding, to support healthcare practices grow heights and develop
consistency in generating revenue.
If you are looking to outsource your medical billing and coding services to a
reliable outsourcing partner, Info Hub is your ideal choice. With more than a
decade experience in providing excellent medical billing and coding
services, Info Hub has earned high client value by building trust with its top-
notch services. For a quick appointment, make a call to +1-888-694-8634 /
+91-0422-4212455.