Cardiology Medical Billing Services
Cardiology medical billing has the potential to make or break a medical practice’s financial backbone. The complexities involved in the diagnosis and treatment procedures make cardiology one of the most difficult billing process when compared against the ratio of getting reimbursed for the services provided.
Heart problems are on the rise in US and so is the shortage of cardiologists as almost 35% of practicing cardiologists are about to retire soon, according to the Association of American Medical Colleges. The increasing population of baby boomers and government initiatives like Medicare and Medicaid are already giving a tough time to cardiologists and their practices.
Cardiology Healthcare Facts:
24/7 Medical Billing Services bases its services keeping in mind the special needs of medical specialties and the geographical as well as situational challenges they face. A reliable billing partner can help cardiology practices to deal with the following scenario in US:
Life Saving Specialty:
Cardiovascular diseases are the biggest killer of people in their prime years of life. This indicates the number of heart patients are increasing, requiring cardiologists to see more patients.
– Department of Health, New York
Need of Cardiology:
Although CV mortality rates should continue to fall, deaths from heart disease are projected to increase 128.5% from 2000 to 2050. This indicates that cardiologists will have to dedicate more time on urgent care.
– Journal of the American College of Cardiology
The state of California has the highest number of cardiologists but one-third of them are nearing retirement age.
– Becker’s Hospital Review, State Health Facts by Kaiser Family Foundation
End to End Cardiology Revenue Cycle Management
24/7 Medical Billing Services helps cardiology practices to get maximum reimbursements from payers and also in improving the practice’s performance substantially. Our client gets an entire dedicated team for carrying out the billing process right from charge entry till payment posting. How do we do it? Here’s how:
1. Specialty-wise ICD-10 Certified Coders
Our billing team is armed with professionally qualified CPC coders who are experienced in billing using ICD-9 for different specialties. By outsourcing your cardiology billing requirements to us, you efficiently deal with the most common billing issue that delays your reimbursement, i.e. billing errors.
2. Expert Intervention Makes Time for Patients
Providers spend almost one third of their day on administrative tasks like documentation, according to a leading daily, The New York Times. 24/7 MBS makes sure your claims are filed within 24 – 48 hours and thus free up your valuable time for seeing more patients.
3. Keeping up with Technology and Reforms
The constantly changing healthcare reforms and the government measures for enhancing patient care consumes a sizeable amount of time for the medical staff. With 24/7 MBS, you don’t have to worry about the time taking process and investing resources on training your staff.
4. No Human Resources Limitations
We have a prompt and friendly round the clock customer care team to ensure we are reachable for any urgent or routine requirement. Save on paying salaries, managing staff shortage, deal with the expected increase in salaries for hiring certified coders and experienced billers.