2013 brought new changes to orthopaedic billing and coding, making timely reimbursements even more daunting for physicians. At a time when reduction in fee schedules and Medicare cuts have affected the financial health of orthopaedic practices, preparation for ICD-10, compliance to new technology and dealing with varied payer mix has increased billing challenges for them
2013 brought new changes to orthopaedic billing and coding, making timely reimbursements even more daunting for physicians. At a time when reduction in fee schedules and Medicare cuts have affected the financial health of orthopaedic practices, preparation for ICD-10, compliance to new technology and dealing with varied payer mix has increased billing challenges for them
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Did you know that 35% of the claims made in Orthopedic surgery are
incorrect, and 25% of them get rejected? If you ask an orthopedic
medical professional, they will tell you that orthopedic coding and
billing are tedious and, in medical schools, they aren’t taught very well.
However, when practice starts in real life, it is essential to get knowledge
for getting paid for the services provided while dealing with the following
complexities.
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The new ICD-10 has revised 134 codes, deleted 143, and
added 264 new codes in orthopedic coding. Furthermore, the
introduction of modifiers like XU, XE, XP, and XS is quite
pathbreaking in the field, accompanied by the new rules
for modifier 59. All these recent changes and the existing
coding and billing practices in Orthopedic make the process
quite complex.
As a result, the Orthopedic biller and coder need to document
the treatment carefully and ensure proper codes are used and
charges are placed for the services properly. It is also possible
to over-code or under-code in Orthopedic treatment because
there are several instances where one service overlaps with the
other.
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Keeping up with the changing rules and regulations, orthopedic coding
practices, and other insurance companies’ updates can be daunting.
Training the in-house staff with these changes means spending more
time and money on these while removing the concentration from offering
better services to the patient. One of the best ways to ensure the on-
track revenue cycle with accurate orthopedic billing services is by
partnering with an expert like 24/7 Medical Billing Services. They
specialize in orthopedic billing and coding, enhancing your experience in
boosting the practice revenue.
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We are a medical billing company that offers ‘24/7 Medical Billing
Services’ and support physicians, hospitals, medical institutions and
group practices with our end to end medical billing solutions. We help
you earn more revenue with our quick and affordable services. Our
customized Revenue Cycle Management (RCM) solutions allow
physicians to attract additional revenue and reduce administrative
burden or losses.
7. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Media Contact:
24/7 Medical Billing Services
Georgia
3001 Greenfield Drive, Marietta GA 30068
Ohio
28405 Osborn Road, Cleveland, OH 44140
Texas
2028 E Ben White Blvd, #240-1030 Austin TX, 78741
Delaware
16192 Coastal Highway, Lewes, Delaware 19958, United States
Phone no / Fax : +1 888-502-0537
Email us: info@247medicalbillingservices.com