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Latest Updates on Medical Billing

Latest Updates on Medical Billing

As the year 2020 has already begun, you are coming back to your work mode with a lot of new changes. Every year there is an optimistic change going on in terms of various professional fields. And one of them is medical coding services. Changes in medical codes: The brand new changes are related to the updates to current procedural terminology (CPT) codes that were not found in the previous years are finally trending in

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The most meticulous administrative task that requires painstaking specifications in a healthcare setup, is physician credentialing. This process directly affects reimbursements. The verification process of a physician can take anywhere between 90-120 days also with the restriction of not be enrolled in any health plan which results in non- reimbursement to the hospital or practice in spite of their work. Not only that, but the claims are either put on hold or not recorded. This

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The modern medicinal landscape is an extremely complex and multi-dimensional science that ranges from pharmacogenetics to psych-neurology. In addition to the many complex and confusing areas, modern medicine needs to follow complicated guidelines, regulations, legislation, laws, and practices. Amidst this confusion, medical coding services have emerged into the industry as an enabler in modern science. Medical coding extracts key and relevant information about diagnoses, injuries, diseases, treatments, medication, healthcare procedures, and equipment. Following which, it

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As lifestyles become more and more sedentary, chiropractic services are witnessing higher demand. However, some chiropractors still face trouble making ample revenue for their services. The age old belief that to earn more, you have to work more seems to hold true in this line of career. However, it is far from the truth. There are a vast number of techniques that can help you earn more income without having to work more hours. Expansion

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DME Billing Service DME billing is vastly different from other medical billing procedures. To carry out the process of DME billing efficiently is a tedious task. It requires a lot of in-depth knowledge of all HCPCS(Healthcare Common Procedure Coding System) level 2 codes. The nature of reimbursement is also quite complex. However, after coding, the invoice documents Catalog needs to be compelled for electronic claims submission. Missing documents can result in delays or negation of

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The entire process of billing and maintenance of the records of all the different procedures, tests and examinations performed on a patient has to be maintained by skilled professionals.  A fractional billing error can incur decent loss both for the patient & for the practice. So, you have to keep in mind that medical billing errors conducted should be taken into question. Consequences, as well as the loss and even the revenue, are taken into

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Medical billing for DME (Durable Medical Equipment) can be quite labor-intensive and time consuming. It is very important that DME providers have a team of expert billers who have a detailed understanding of reimbursement guidelines specified by Medicare, Medicaid and commercial plans.   Here are some of the challenges that DME providers face: DME is considered therapeutic services Some DME services are unauthorized by Medicaid, Medicare and private health insurance plans There is lack of

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Overcoming chiropractic billing challenges is very important because billing for this specialty can be tricky. Specific set of codes and requirements for billing Medicare and other commercial insurance plans is very different and complicated for chiropractors. Even administrative challenges crop up due to direct patient billing. So a lot of intricacies make chiropractic billing complex and time consuming. If your practice isn’t working with a team of expert billers and coders, then errors in billing

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Insurance eligibility verification is important for all medical practices or else they will end up with unpaid claims by the insurance company. In a worst case scenario, they might never get paid for the rendered services.  Since all medical practices run on money, it is very important to ensure consistent cash flow without claim rejections. This is possible only when medical billing is done successfully and for billing, accurate insurance verification is important. Why is

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2018 witnessed several changes in the healthcare industry. From focus on artificial intelligence and automation in medical billing to patients becoming the biggest payers and outsourced billing, there were several changes that providers embraced last year. CMS continues to make necessary changes for improving the lives of providers who are struggling to strike a work and life balance. In July this year, the proposed initiative for 2019 Medicare Physician Fee Schedule was announced by the

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