Call the 24/7 Medical Billing Services experts at +1 888-502-0537 to know the impact of medical billing audits on your practice.

1. Impact Of Medical Billing Audits On Your
Practice
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2. 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 audits.
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 audits 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, account receivable
ledger, etc.
Documents related to policies like those required by the government or the private
insurance companies.
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3. Medical billing audits can be
categorized into two sections:
Retrospective: The audits is done after the claims are sent to the payers, and it is
generally the current providers’ audits retrospectively.
Prospective: The audits takes place before the claims are sent, and some practices
follow the prospective audits with new providers.
Now, with a comprehensive idea of what a medical billing audits is, let’s see its effects
on practice.
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 audits impacts the practice in many other ways. Here are
some of them:
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4. 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.
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5. Impact of Medical Billing Audits on your
Practice
Improved Compliance In Medical Billing
Streamlined Workflow
Supportive Relation Between Payer & Provider
Learning From the Medical Billing Audit Results
How To Move Forward With Medical Billing Audit?
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6. Contact Us
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/