Cardiologists are facing revenue losses due to medical reforms and annual Medicare fee reductions. Outsourcing cardiology medical billing can help cardiologists focus on patient care by handing off complex billing tasks to experts. New medical codes require trained professionals to properly bill the new cerebral infarction and cerebrovascular disease categories. Outsourcing to a leading medical billing company can save cardiologists money while ensuring their claims are filed correctly according to the latest standards.
3. Introduction
As a result of medical reformation, cardiologists get a big downfall in
revenue.
In house medical billing team may lack in understanding the new set of
medical codes.
For these case, you have to outsource cardiology medical billing to leading
medical billing companies.
www.mgsionline.com
4. Medical Billing Outsourcing Reasons
New Medical Reforms
Medicare Fee Reduction
Focus on Core Business
Other Reasons
Let’s discuss each topic briefly in this presentation.
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5. New Medical Reforms
In cardiology medical billing, IC9 – IC10 set migration made some big
impact. That made the billing process a more complex one.
New codes added in the Cerebral infarction section
And new sub categories are added in the cerebrovascular diseases.
In this case in house billing team requires training on this. But the cardiology
medical billing outsourcing team experts who have well knowledge on new
standards and billing terminologies.
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6. Medicare Fee Reduction
Every year 2% Medicare fee reduction happens in cardiology medical
billing. So cardiologist faces a huge revenue loss issue.
If you want to save money in cardiology medical billing, just outsource
your cardiology medical billing to offshore or onshore vendors.
www.mgsionline.com
7. Focus on Core Business
Managing time between front and back end cardiology billing services
and patient care is a tremendous battle for cardiologists.
And they face some issue in medical bill claims, such as claim denials, AR
follows up, etc.
In such a situation they can't able to focus on patient care.
Thus the reason cardiologist should outsource their medical billing.
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8. For the following reasons too…
Productivity improvement
Rapid payment posting
Collection improvement
Progress tracking and area of improvement finding
Faster turn around time
Monthly audits
Claim follow-ups
Customized billing solutions
www.mgsionline.com
9. About us
MGSI is the best medical billing company in Florida USA. We are more
than 25 years experienced in this field.
We act as a one stop shop because we provide all medical billing services
like cardiology medical billing, radiology medical billing, Anesthesia
medical billing, etc.
We have well experienced medical billing and coding experts to increase
your business revenue!
www.mgsionline.com
