If you do not have trained billers and coders in your orthopaedic practice, you may find the process quite complex and may not be able to cope in your regular work. The majority of complications arise with codes and assigning correct modifiers, which may result in downsized revenue if not done properly.
Coding is a continuous challenge for any medical practice since it keeps changing constantly. Therefore, billing challenges for orthopaedic practices can be easily dealt with effectively by outsourcing it to a trusted and experienced third-party medical billing outsourcing services provider. Here are some strong reasons why you should outsource your orthopaedic billing.
#1: Reduces Accounts Receivables
On outsourcing your orthopaedic billing, you will have dedicated experts to conduct AR audits to make sure all your pending claims are cleared and processed quickly. This will bring your orthopaedic practice a good amount of revenue that has been piled up and will help to streamline your medical billing process without any furthermore pending accounts receivables piling up. Most practices have pending account receivables because of coding discrepancies, which will be handled by your outsourcing partner.
#2: Gets your claims paid quickly
Your medical billing outsourcing partner enables frequent follow-ups with the payers and makes sure your claims do not go in pending and get you reimbursements on time. This ensures consistent cash inflow to your practice and allows you plan for the enhancement of your operations. However, your in-house staff cannot spend dedicated time for follow-ups and get reimbursements on time; therefore, outsourcing your orthopaedic billing would be a wise choice.
#3: Improves your focus on patient care
If you outsource your orthopaedic billing, your medical billing outsourcing partner will take care of all your billing complications, claims, and reimbursements and make you free from huge stress. With the electronic record maintenance software in place, you can easily maintain your patients’ data and schedule appointments without any confusion. Therefore, your focus on patient care increases automatically, leading to extensive development of your medical practice.
#4: Error-free coding
Coding is the toughest task for medical practices and orthopaedic practice is no exception from it. Choosing an experienced medical billing outsourcing partner with expert billers and coders can handle this coding complexity easily and send your claim forms without any grievances in coding. Therefore, there will be no delay in your claims processing from the payer end and provides you consistent funds to your practice and effectively manage your revenue.
#5: Quick reprocessing of denied claims
Orthopaedic billing and coding include different diagnoses and require high concentration while form filling and sending claims. But many orthopaedic practices do not consider re-approaching the insurer for denied claims once they are rejected. This could be due to continuous patients inflow as well. But your outsourcing partner first focuses on clearing your denied claims by reapplying them with corrective actions implemented. This gives you great stress relief and a decent income to your operations.
Outsourcing your orthopaedic billing is the best option if you want to achieve and improve your revenue and streamline your medical practice in no time. But you should choose the best medical billing outsourcing partner that has proven results in the healthcare industry towards serving medical billing and coding services effectively.
Why not look at the wide range of medical billing services offered by 24/7 Medical Billing Services and outsource your orthopaedic billing to them? With great expertise and exposure in providing extended medical billing outsourcing services, the medical billing company has served many clients so far and renowned for providing multi-specialty billing services in their professional career.