Using OBGYN-specialized RCM service providers is the best option for medical practices that suffer significantly from general in-house billing staff with little experience with OBGYN.
Maximize your profit with outsourcing medical billing. AIE Medical Management has skilled professionals for medical billing. By outsourcing your medical billing, you could save thousands of dollars in annual salaries and benefits; office supplies and furniture; and purchasing, upgrading, and maintaining billing software and computer equipment.
Our End-To-End Best Medical Billing Services consist of certified individuals with over 20 years of experience in medical billing, information technology, and business consulting. Our leadership team of billers and coders has worked with various hospitals, medical practices of all types, laboratories, Healthcare it Solutions and individual physicians throughout the last decade.
Medical coding entails extracting medical information from available documentation, assigning diagnostic and treatment codes, Best Medical Billing Services and assisting in creating a claim for submission to payers. Book an Appointment with best medical billing company We utilize a "data-driven" strategy to make strategic decisions based on data analysis and interpretation. Our strategy to analyze and organize your data can help you better serve your customers.
Reducing Billing Errors: How Medical Billing Services Can Improve Financial S...OmniMD Healthcare
These days, it is essential that healthcare providers remain capable of fulfilling ongoing operational costs and remain financially viable. So, medical billing services are vital in helping healthcare providers sustain financial stability and stay afloat in today's uncertain times.
Understanding the effectiveness of current revenue cycle & creating a well-maintained RCM process can make a huge difference in your business’s bottom line.
How to Optimize Revenue Cycle Management for Orthopedic Practices.pdfCosentus
Orthopedic billing can be coined as the method of accurately invoicing the orthopedic services that have been provided by various orthopedic healthcare and medical service providers and organizations. This is a very important segment for the healthcare revenue cycle management and this also makes sure that the healthcare providers in the orthopedic services should give proper level of compensation to all of the patients.
Are you seeking AdvancedMD certified resources to optimize your medical billing and revenue cycle management? Look no further! BillingParadise offers expert AdvancedMD Billing Services combined with AdvancedMD EHR, providing you with a comprehensive solution for your healthcare organization. As an AdvancedMD user or someone migrating to AdvancedMD EHR, you're in capable hands with BillingParadise.
To know more about services…https://bit.ly/3qymGNF
Say goodbye to your healthcare organization's huge AR backlog with our customized A/R Packages. We guarantee timely and correct payments through our technology-powered 24/7 Account Receivable Management Services.
To know more about services…https://bit.ly/41QefuH
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Maximize your profit with outsourcing medical billing. AIE Medical Management has skilled professionals for medical billing. By outsourcing your medical billing, you could save thousands of dollars in annual salaries and benefits; office supplies and furniture; and purchasing, upgrading, and maintaining billing software and computer equipment.
Our End-To-End Best Medical Billing Services consist of certified individuals with over 20 years of experience in medical billing, information technology, and business consulting. Our leadership team of billers and coders has worked with various hospitals, medical practices of all types, laboratories, Healthcare it Solutions and individual physicians throughout the last decade.
Medical coding entails extracting medical information from available documentation, assigning diagnostic and treatment codes, Best Medical Billing Services and assisting in creating a claim for submission to payers. Book an Appointment with best medical billing company We utilize a "data-driven" strategy to make strategic decisions based on data analysis and interpretation. Our strategy to analyze and organize your data can help you better serve your customers.
Reducing Billing Errors: How Medical Billing Services Can Improve Financial S...OmniMD Healthcare
These days, it is essential that healthcare providers remain capable of fulfilling ongoing operational costs and remain financially viable. So, medical billing services are vital in helping healthcare providers sustain financial stability and stay afloat in today's uncertain times.
Understanding the effectiveness of current revenue cycle & creating a well-maintained RCM process can make a huge difference in your business’s bottom line.
How to Optimize Revenue Cycle Management for Orthopedic Practices.pdfCosentus
Orthopedic billing can be coined as the method of accurately invoicing the orthopedic services that have been provided by various orthopedic healthcare and medical service providers and organizations. This is a very important segment for the healthcare revenue cycle management and this also makes sure that the healthcare providers in the orthopedic services should give proper level of compensation to all of the patients.
Are you seeking AdvancedMD certified resources to optimize your medical billing and revenue cycle management? Look no further! BillingParadise offers expert AdvancedMD Billing Services combined with AdvancedMD EHR, providing you with a comprehensive solution for your healthcare organization. As an AdvancedMD user or someone migrating to AdvancedMD EHR, you're in capable hands with BillingParadise.
To know more about services…https://bit.ly/3qymGNF
Say goodbye to your healthcare organization's huge AR backlog with our customized A/R Packages. We guarantee timely and correct payments through our technology-powered 24/7 Account Receivable Management Services.
To know more about services…https://bit.ly/41QefuH
Looking to optimize revenue cycle management for laboratories and pathology practices? Explore the importance of patient engagement in healthcare and claim denial management. These two crucial elements are integral to maximizing reimbursement and streamlining operations.
To read more…https://bit.ly/3MSXo5F
According to the 2023 Black Book healthcare survey, revenue cycle outsourcing has become a powerful solution to optimize revenue cycle management (RCM) processes in the healthcare industry. The Black Book healthcare survey highlights the increasing adoption of outsourcing RCM services, driven by the need to maximize ROI and adapt to a changing healthcare landscape.
Key survey findings reveal that 17% of hospitals are synchronizing RCM transition activities through advisors and consultants. As the industry shifts towards value-based care, 78% of healthcare providers have yet to select technology vendors, leading to a surge in revenue cycle outsourcing. Medical group practices (73%) are collaborating with consultants to devise accountable care reimbursement strategies and explore revenue cycle outsourcing options.
CFOs recognize the importance of outsourcing, with 79% aiming to eliminate vendors not associated with ROI in revenue cycle management. Over half of health organization CFOs (54%) believe outsourcing RCM processes will enhance productivity and financial stability.
The survey emphasizes the need for RCM system upgrades, as 89% of healthcare providers acknowledge the requirement for improved solutions. Delayed RCM transformation programs impact smaller hospitals (40% of those with under 200 beds), affecting financial health and patient care.
CFOs increasingly consider outsourcing services as a stop-gap measure, with 80% perceiving them as vital until new RCM software is installed. For hospitals with under 200 beds, end-to-end RCM outsourcing is viewed as the most effective solution (72% of CFOs). Larger hospitals (58% of CFOs) plan to outsource at least two revenue cycle management functions.
The survey emphasizes the combined approach of automation and outsourcing RCM to enhance operations. Hospitals under 200 beds (73%) and those with over 200 beds (93%) are considering this strategy.
In conclusion, the Black Book healthcare survey highlights the significance of revenue cycle outsourcing in addressing industry challenges and achieving financial stability. Hospitals must adapt promptly to the changing healthcare landscape by embracing outsourcing as a transformative solution.
To know more...https://bit.ly/3WrRrQc
Patient Eligibility Verification is a crucial process that needs to be carried out efficiently to ensure the healthcare facility gets paid for the services rendered. The process is complicated and time-consuming, which is why BillingParadise offers a comprehensive and efficient service that saves time and money.
BillingParadise's Patient Eligibility and Benefits Services include obtaining workflow data through various methods such as patient data from EHR/EMR or third-party scheduling applications, and manual patient data files such as FTP, email, fax, etc. They also verify health insurance and basic patient registration information such as member and group ID, primary and secondary coverage details, etc.
To explore more...https://bit.ly/41Udpgj
The article explores how Robotic Process Automation (RPA) can streamline Accounts Receivable (AR) processes. RPA is a technology that can automate repetitive tasks, reduce processing time, improve accuracy, and enhance data security. The article highlights the benefits of implementing RPA in AR processes and provides examples of how it can be used to automate tasks such as invoice creation, payment processing, and customer account management. The article emphasizes the need for organizations to evaluate their AR processes and identify areas where RPA can be implemented to achieve maximum efficiency gains. Overall, the article provides valuable insights into the benefits of implementing RPA in AR processes.
To explore more…http://bit.ly/43oWVOK
BillingParadise has helped many organizations and practices overcome their RCM challenges with our comprehensive medical billing services. Here are 7 common reasons why healthcare organizations, RCM directors, CFOs, practice admins, and practice managers reach out to us:
Unhappy with your EHR/EMR provider’s billing/RCM service
Unaware of technology solutions
Negligence of existing medical billing outsourcing partner
Lack of experienced staff
Improper practice management
Too many external audits
Unworked charge, AR, and denials
At BillingParadise, we have a 7-step approach to improving your practice's revenue:
Step 1: Revenue Analysis and Audit
We'll evaluate your revenue health by analyzing one year of financial data to provide insights on collections, bad debts, and revenue leaks. We'll help you determine collectible and non-collectible amounts and recover lost revenue from existing AR.
Step 2: Re-structure your Medical Billing
We'll evaluate your current medical billing process and set goals to increase revenue and improve patient satisfaction. Our team will provide support to your staff and implement updated operation modules.
Step 3: SOPs and EHR
We'll work with your practice manager or RCM director to develop and implement new SOPs that align with industry best practices. We'll also optimize the use of EHR systems to eliminate manual processes and increase efficiency.
Step 4: Flexible Medical Billing Staffing
We offer selective and temporary RCM process services to help fill gaps in your staffing.
Step 5: Round-the-clock Billing Support
Our 24/7 medical billing and RCM operations ensure timely claim submissions and reimbursement.
Step 6: Specialty-specific Medical Billing Services
We have experienced medical billing staff for various specialties, making it easy for specialty medical group owners or RCM directors to identify the right medical billing service provider.
Step 7: EMR/EHR Experience
We're specialized in major EHRs and can provide excellent medical billing services with the current EHR/EMR you use.
Technology plays a vital part in BillingParadise Medical Billing Services:
TeamBillingBridge is a user-friendly platform for automation, communication, and reporting to streamline your revenue cycle. With detailed revenue cycle reports, project management, and account receivable tracking, you'll have all the key metrics in one place.
Our HBMA benchmarks for KPI metrics reporting include Days in Accounts Receivable (A/R) of 30-40 days, a Percentage of A/R Over 90 Days at 6%, a Non-Contractual Write-Off Percentage of less than 5%, the New Patient Ratio ranging from 25-50%, Payer Mix at 30%, and Referral Mix at 25%. Our reporting features involve tracking AR days, assessing adjustments, analyzing revenue and AR by the provider, evaluating rejection and denial rates, RVU tracking, calculating payroll, and appointment wait time, and providing KPI reports with transparency and 24-hour problem resolution TAT... http://bit.ly/3LhwkNj
"Transforming Your RPA Account Receivable Automation Process with Automation" refers to the use of technology and software to streamline and improve the accounts receivable (AR) process of a business. Automation can help businesses to reduce the time and effort spent on manual tasks, minimize errors, and improve the overall efficiency and accuracy of their AR operations.
To Know More:http://bit.ly/3Kfw2WE
Robotic process automation (RPA) can improve the efficiency and accuracy of reliability-centered maintenance (RCM) tasks. RPA can automate routine tasks, process large volumes of data, and identify potential issues, enabling RCM service by RPA providers to provide more value to their clients and focus on more strategic activities.
To know more about the services we offer visit our website… http://bit.ly/3YCetEv
OBGYN billing services assist obstetrics and gynecology offices by handling insurance claims, managing patient co-payments and deductibles, providing financial reporting and analysis, and guaranteeing patient information security and confidentiality. Practices may focus on providing high-quality treatment to their patients while outsourcing their billing and financial management needs.
Checkout our page for more information…http://bit.ly/3xcOjfu
Nephrology billing services are specialized medical billing services that help with billing and collection of expenses for nephrology-related medical treatments and procedures. These services ensure that medical practices receive the highest possible reimbursement for the medical treatment they deliver while still adhering to regulations and standards. They also help with coding, documentation, and appeals, making the billing process easier and more efficient for healthcare providers.
Visit our website to learn more…https://bit.ly/3wHpPKZ
Group Practice Revenue Cycle Management Services are an important component of the healthcare business since they assist healthcare companies in managing the financial aspects of patient care. These services include insurance verification, invoicing and coding, claims administration, payment collections, and other responsibilities. The purpose of revenue cycle management is to simplify the reimbursement procedure for services supplied to patients while increasing income for the provider.
Visit our website to know more about Group Practice Revenue Cycle Management Services… http://bit.ly/3Yvcqli
Verification of patient eligibility and benefits is the first step of any hospital, health system or medical group to get paid by the insurance companies. Many RCM staff are only able to obtain general benefits and fail to verify limitations, covered services, and utilization resulting in overwhelming denials.
Robotic process automation for patient eligibility and benefits is the ultimate solution for these problems.RPA bots have a protocol to use partial patient data to pull up possible patient information from various insurance that can be verified instantly. RPA bots can verify the eligibility of 100+ patients in a mere 5-10 minutes faster than any eligibility verification staff.
BilingParadise's RPA patient eligibility can save up to $160K per year compared to eligibility for FTE staff this is way higher cost saving and ROI. CFOs and RCM directors should consider this use case RPA for eligibility verification for better RCM performance.
Improve your OBGYN Practice’s Revenue by 60% in 1 month, how do you ask? well Working with ob-gyn centers for several years we’ve learned that the performance challenges vary and usually it is not just poor collections.
Optometry is a frequently visited specialty compared to other chronic conditions. Patients with vision problems will first consult an optometrist before they refer to an ophthalmologist. However, these frequent visits have their drawbacks as most optometry practices do not have the proper infrastructure to streamline their optometry medical billing services.
These optometry practices often face challenges and look for solutions like FTE billing staff, certified coders, and other front office solutions like appointment trackers, and patient eligibility verification platforms and choose to outsource each to separate service providers or third-party companies.
These challenges are eliminated by choosing the right outsourcing vendor that has complete revenue cycle solutions and billing services. BillingParadise's optometry medical billing services cover all aspects of optometry medical billing processes including patient call support. It eases your budget frustrations and allows your providers to provide better patient care. Streamline your optometry medical billing services with BillingParadise!
Group practices typically have a lot of internal departments that need constant communication and monitoring. CFOs and RCM directors who lead Revenue Cycle Management operations for these group practices have a hard time creating a budget to perform RCM operations because of incorrect reporting, invalid collections, and staff performance data.
This allows Group practices to gradually decline their financial performance and at the end of the day they seek out Group practice revenue cycle management services.
The reason why Group practices should outsource their revenue cycle management to RCM services providers is that it is completely handled by them thereby reporting to your CFOs and RCM directors on a daily basis in terms of net collections, gross collections, adjustments, and overall staff performance. BillingParadise's Group Practice Revenue Cycle Management Services covers end-to-end RCM services including automation platforms and dedicated managers and billing supervisors keeping you informed 24/7 365 days.
As COVID-19 cases reduce, there are still a few people with underlying medical conditions who are still prone to COVID-19 infection. For this reason, the US department of health and CDC has made it official that COVID-19 booster shots should be taken to avoid more spreading of the infection to other patients with the same underlying respiratory conditions. It is also mandatory that public and healthcare workers take booster shots as a preventive measure as they meet with more people on a daily basis. The new booster shots are Moderna bivalent and Pfizer-BioNTech’s bivalent boosters are recommended by the AMA.
The oncology specialty itself is complex, and medical billing for this specialty is way more complex. That is why many oncology practices choose to outsource the revenue cycle process to a specialized outsourcing partner.
Oncology medical billing services cannot be performed in-house unless the billers have a minimum of 3+ years of experience billing for oncology practices and not all oncology practices have the luxury of hiring from consulting agencies as they have to pay the fees and then pay the salary for in-house billers.
BillingParadise and its oncology billing services consist of billing staff that has 5+ years of experience in coding and billing for long-term oncology patients with precise quality and accuracy that most of our first-pass claims are always reimbursed in the first submission. 27/4 oncology billing services accompanied by various free platforms as an add-on, your oncology practice billing operations can prosper and get reimbursed!
Establishing a successful new podiatry practice is based on one singular point; how well the credentialing and contracting processes were done. Podiatry practices have a hard time getting credentialed with their desired insurance company and the patient population where their practices are located.
Hiring an in-house credentialing expert is very expensive for a new practice to afford. Outsourcing the credentialing services is a better option that way as a doctor you can get your practice set up while we at BillingParadise complete your credentialing applications and provide you with daily updates and get your practice up and running in no time.
MGMA’s 2022 Annual regulative Burden Report states that prior authorization processes and the no surprises act pose a major burden to both providers and patients. The reason why is that some of the patient’s treatment gets delayed due to late prior authorization approval and the no surprises act demands providers to provide accurate cost estimation of the procedures and the treatment that is yet to be done for the patients.
But what if BillingParadise says that we can hit 2 birds with one stone? our Prior-authorization and eligibility verification automation can fasten up the processes and provide accurate cost estimation!
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Defecation
Normal defecation begins with movement in the left colon, moving stool toward the anus. When stool reaches the rectum, the distention causes relaxation of the internal sphincter and an awareness of the need to defecate. At the time of defecation, the external sphincter relaxes, and abdominal muscles contract, increasing intrarectal pressure and forcing the stool out
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Normal defecation is painless, resulting in passage of soft, formed stool
CONSTIPATION
Constipation is a symptom, not a disease. Improper diet, reduced fluid intake, lack of exercise, and certain medications can cause constipation. For example, patients receiving opiates for pain after surgery often require a stool softener or laxative to prevent constipation. The signs of constipation include infrequent bowel movements (less than every 3 days), difficulty passing stools, excessive straining, inability to defecate at will, and hard feaces
IMPACTION
Fecal impaction results from unrelieved constipation. It is a collection of hardened feces wedged in the rectum that a person cannot expel. In cases of severe impaction the mass extends up into the sigmoid colon.
DIARRHEA
Diarrhea is an increase in the number of stools and the passage of liquid, unformed feces. It is associated with disorders affecting digestion, absorption, and secretion in the GI tract. Intestinal contents pass through the small and large intestine too quickly to allow for the usual absorption of fluid and nutrients. Irritation within the colon results in increased mucus secretion. As a result, feces become watery, and the patient is unable to control the urge to defecate. Normally an anal bag is safe and effective in long-term treatment of patients with fecal incontinence at home, in hospice, or in the hospital. Fecal incontinence is expensive and a potentially dangerous condition in terms of contamination and risk of skin ulceration
HEMORRHOIDS
Hemorrhoids are dilated, engorged veins in the lining of the rectum. They are either external or internal.
FLATULENCE
As gas accumulates in the lumen of the intestines, the bowel wall stretches and distends (flatulence). It is a common cause of abdominal fullness, pain, and cramping. Normally intestinal gas escapes through the mouth (belching) or the anus (passing of flatus)
FECAL INCONTINENCE
Fecal incontinence is the inability to control passage of feces and gas from the anus. Incontinence harms a patient’s body image
PREPARATION AND GIVING OF LAXATIVESACCORDING TO POTTER AND PERRY,
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2. When it involves Revenue Cycle Management and medical billing services,
there’s no universal answer. This is a fact and is particularly true with
specialized medical billing and RCM services for OBGYN practices. Having
access to a team of highly-trained billing and RCM specialists will enhance
your productivity. It can also assist your OBGYN practice keep within your
budget. It’s important to own a team that may assist you along with your
reimbursements whereas preventing problems in the long run.
Using OBGYN-specialized RCM and medical billing services has several
advantages. A tailored RCM service will assist you to follow ever-changing CMS
and public health care updates. As well, it will check that you keep compliant
with current regulations and guidelines. Your OBGYN practice will be able to
assign crucial administrative tasks to the hired OBGYN outsourcing provider
allowing you to specialize in your patients’ care. Most important of it all, you’ll
be able to get real results and increase your reimbursements and insurance
collection rates. Here’s an outline of outsourcing OBGYN RCM services and the
way they will benefit your OBGYN practice.
3. OBGYN RCM and billing processes are multi-step methods. Once an OBGYN provider records
a diagnosis and procedure code supported by these services. These codes facilitate the payer
(insurance) to confirm coverage supported by varied factors, like a medical necessity.
There many many codes that the OBGYN provider has got to select from, counting on the
service provided. a couple of samples of these codes include
59400 – Routine obstetrical care, antenatal care, channel delivery, postnatal care
59425 – antenatal care solely, four to six visits
59426 – antenatal care solely, seven or a lot of visits
59514 – cesarean section solely
59515.-cesarean section and postnatal care
General OBGYN practice workflow
4. These are just a few codes, however a couple of the numerous completely different ones
employed by insurance corporations to designate the services provided. Once they confirm
the right code, the medical biller transmits the claim to the billing and RCM team where they
verify and file the claim to the respective payer.
The payer or the insurance company then processes the claims via adjusters or medical claims
examiners. For the foremost high-dollar-value claims, the payer pays medical administrators to
review the services and confirm their validity for payment. Approved claims get reimbursed
for a fixed proportion of the claim services. The payer or insurance then negotiates this
proportion with the rendering provider. If the claim gets denied, the OBGYN provider can
reconcile the request with the first one, modify it, and return it.
This method might need many repetitions till the OBGYN specialty practice receives the claim
payout fully, or the OBGYN provider accepts that the payment is going to be incomplete.
However, this can be rare. Most claims get accepted, and solely a little quantity gets denied.
5. Why you should hire an
OBGYN-specialized RCM
service provider?
There are various benefits to hiring an OBGYN-specialized
RCM service provider to take care of all the RCM
processes some of them are more useful than a provider
might think, here are a few of the benefits that you
receive from outsourcing your RCM processes to an
expert OBGYN medical billing and coding services
provider
6. Patients want constant care. The work of
doctors is to supply care, support, and a
spotlight to patients. An OBGYN provider
similarly to his or her workers can forever
be on their toes. Moreover, there can be
emergencies at any time. During this busy
schedule, it’s troublesome to juggle RCM,
medical billing, and coding processes and
keep an updated list of billing guidelines
and codes for OB/GYN. This neglect is
avoided if the OBGYN specialty practice
hires a specialized RCM service provider.
Reduce medical billing errors
7. Reduce time and increase
patient volumes
When you hire an experienced OBGYN specialized
RCM service provider, you designate the work to a
specialist. The billers and coders would have spent
years understanding the multiple aspects of OB-
GYN RCM processes and billing/coding
methodologies. Moreover, they might have active
expertise in coping with codes as a result of their
catering to our similar RCM clients.
This selected assignment would facilitate the
OBGYN practice to save time similarly to work
hours, that they’ll invest in bringing and creating
room for a lot of patients to the practice similarly
as serving the present patients efficiently.
8. Apart from the RCM process, billing and coding include a
ton of documentation and paperwork necessities.
Similarly, there’s loads of back and forth needed from
patients and insurance corporations to induce
remuneration and payment. One should send emails,
letters, and even prolonged calls to obtain this info and
update this properly in their respective EHR/EMR or PMS.
If you miss or create any errors during this work, there
are possibilities of claim delay and even claim rejection.
Thus, to avoid these errors, it’s vital to own an expert
RCM outsourcing partner who will take care of all of your
billing documentation and paperwork work and can keep
track of the claims.
Decreases manual repetitive and
paperwork tasks
9. BillingParadise is one of the experts in OBGYN RCM services and has
client testimonials to prove it. We have ramped up revenue for our
clients that had more billing errors and bad debt write-offs. They
were amazed at our staff performance and have used our end-to-end
RCM services for the betterment of their practice and financial well-
being.
Our OBGYN RCM, billing and coding teams are ready to hear your
concerns and provide results-based evidence that can streamline
your RCM processes. Schedule an in-person visit or a virtual meeting
with our OBGYN RCM team!