#SkilledNursingFacilitybilling #SkilledNursingFacility #SkilledNursing #doctor #physician #healthcare #medical #hospital #clinic #mediclaim 5 Common Errors with SKILLED NURSING FACILITY Billing - 24/7 Medical Billing Services https://www.247medicalbillingservices.com/blog/overcome-Skilled Nursing Facility-billing-challenges-boost-revenue/ Read the blog and know about the five common billing errors to ensure you do not lose out on revenue in your SKILLED NURSING FACILITY services. 24/7 Medical Billing Services is the leading medical billing services provider offering end-to-end revenue cycle management services to practices across the US. Be it DME or Mental Health, Chiropractic, or Dental practice, our expert medical billing team ensures error-free ICD 10 Coding & denial management services.

2. 5 Common Errors with
Skilled nursing facilities Billing
Skilled nursing facilities need efficient billing practices in order to get
timely payments. Be it in-house or outsourced, they need a skilled
team of billers and coders who will focus on submitting denial free
claims and work towards ensuring a subsequent increase in revenue.
There are various intricacies involved in the billing process of skilled
nursing facilities. If the billers and coders are not experienced, then it
will impact the bottom line of the practice. In order to experience
uninterrupted cash flow and reduce denials,
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3. It is important to understand the common SNF
billing challenges and ways to overcome them:
• Inaccuracy of codes is one of the most common challenges due to which
most skilled nursing facilities claims get rejected by payers.
• At times, billers and coders have insufficient knowledge about the items
that are covered by Medicare A and B and this leads to reduced or delayed
payments.
• Skilled nursing facilities usually operate on thin margins in the face of
inadequate Medicaid reimbursement. At the same time, they also have to
contend with a decline in private-pay population numbers.
• Most skilled nursing facilities bill Medicare Part A and B but there are some
that operate under state-specific Medicaid ambit. Since each state in the
US has its own Medicaid program, skilled nursing facilities have to
invariably bill under their state-specific Medicaid rules. This region-specific
compliance also impacts billing to a great extent.
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4. Boosting Revenue with a
Medical Billing Partner
Outsourcing of medical billing and coding services is one of the most effective ways for
skilled nursing facilities to overcome the above-mentioned challenges. By letting a reliable
third party handle this task, facilities can improve revenue by reducing claim rejection.
They will also get ample time to focus on offering quality nursing services.
A reputed medical billing company works with professionals who have extensive
knowledge of billing and coding intricacies for skilled nursing facilities. They take care of
everything from identification of patient eligibility for reimbursement to separation of
items covered under Medicare A and B in an accurate manner.
Besides helping facilities get timely payments, medical billing companies also conduct a
thorough study of their revenue cycle for spotting areas that are responsible for revenue
leakage. They take necessary measures to reduce outdated processes in order to help the
facilities function in a streamlined manner.
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5. 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 42 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%.
Call us today at 888-502-0537 to know more on how we can help boost profitability for your
practice.
Media Contact:
24/7 Medical Billing Services,
Ohio:
28405 Osborn Road, Cleveland, OH 44140
Georgia:
3001 Greenfield Drive, Marietta GA 30068
Tel: + 1 -888-502-0537
Email - info@247medicalbillingservices.com
https://www.247medicalbillingservices.com/