Here at 24/7 Medical Billing Services, we specialize in outsourced medical billing, coding, consultancy, auditing, and A/R services for healthcare facilities. While these various facilities may seem vastly diverse regarding the services, professionals, and coding they suggest, they all have one thing in general — their revenue cycles have all been severely affected due to COVID-19.
Like the rest of the business, the healthcare industry has continued utterly upended by this year’s unexpected pandemic, and this, unsurprisingly, means necessary changes to healthcare revenue cycle management.
This blog post explains ways COVID-19 forces healthcare revenue cycle and provider investments and how you can improve your medical facility’s keep up.
It also describes how telehealth is imposing new guidelines and helping to cope with this situation.
The expertise, understanding, guidance, and issues your facility requires during this uncertain time turn to 24/7 Medical Billing Services. Contact us now to get started.
Medical billing During an Outbreak and its impact:
Enduring medical facilities accessible during a pandemic is necessary for regulating the spread of the virus. Unfortunately, however, quarantine and other preventative exercises mean that the healthcare facilities, like approximately every business in the economy, are currently holding trouble keeping their doors open. Maintaining your medical billing and coding up to speed during a virus outbreak is key to preserving your facility function for infected individuals needing care. However, this can be a challenge, especially for smaller facilities with limited cash on hand to respond to COVID-19 demands.
You can meet this challenge head-on by utilizing an outsourced medical billing provider, such as 24/7 Medical Billing Services, and taking care of the time-consuming process of medical billing and coding concerning you. You can get compensated faster to focus more on what matters most — your patients and staff.
Acceptable, your staff members are already experiencing anxiety from the risk of incurring the disease; outsourcing your medical billing can assist relieve the burden on these crucial frontline workers.
Why is there an increase in Telehealth Services abruptly?
Many healthcare departments have started allowing telehealth services to their patients to help manage the expanse of COVID-19. With this new kind of healthcare practice comes new medical billing and coding requirements an comfortable telehealth guidelines for insurance firms. At 24/7 Medical Billing Services, our preference is improving healthcare facilities to enhance their patient care and bottom line into the use of outsourced medical billers and coders trained in the most modern advances in the healthcare enterprise, such as telehealth. Amidst outsourced medical billing and coding, you don’t have to worry about preparing your staff in complicated, constantly changing guidelines for telehealth billing. Our crew will do the hard work for you.
Also, read why there is an Increasing Demand For Telehealth In COVID Pandemic.
How is the Compensation for COVID-19 Testing and Treatment is done by telehealth?
Extensive testing for COVID-19 is necessary for controlling the virus. To help, Medicare, Medicaid, and several other insurances providers are repaying their receivers for coronavirus examination and treatment. Even uninsured victims now can file applications for reimbursement of COVID-19 testing and prescription. While the benefit is best for the, The American public appears to make revenue cycle management more complex for healthcare providers. With outsourcing medical billing and coding, you no longer have to bother about ordering the web of complexities that come with refunded COVID-19 testing and treatment; alternatively, you can benefit your patients and America as a full recovery from the disastrous pandemic.
How do you Adapt to a Virtual Workforce?
While some healthcare departments have been unwilling to let administrative staff work from home due to reduced productivity and quality of work, others have included remote jobs to help preserve their agents.
Although this is excellent for social distancing, it communicates among coders, billers, and others working with your facility’s healthcare revenue cycle management. If you outsource medical billing and coding with 24/7 Medical Billing Services, the need to manage and coordinate multiple revenue cycle issues between the dispersed team is reduced.
Running Your Frontline Workers Safe and Stress-Free with Outsourced Medical Billing
COVID-19 has made complex challenges for healthcare workers. During this trying time, you want to cater to your staff’s physical and mental health by reducing their administrative and unstable strain as much
as possible. We love frontline workers at 24/7 Medical Billing Services and understand just how essential they are to holding this country safe. One way you can help reduce the importance and increase the safety of your staff during COVID-19 is by outsourcing your medical billing and coding with 24/7 Medical Billing Services. Contact us now to get started now.
Outsourcing your Medical Billing Services is always a good option?
In the previous year, practitioners were not authorized to offer most Medicare telehealth support outside rural areas. Medicare cases in rural areas could not get those aids unless they traveled to a health care facility. This projected move also opens up opportunities for telemedicine and incident-to-billing. While there are no Medicare systems that explicitly restrict eligible telehealth providers from billing for the support provided incident-to their services, the latest version of primary guidance demands the physician on-site, making it tough to billing co-operations.
Learning how to code perfectly and bill for telehealth and telephone meetings has been challenging for many practices between these telehealth services’ rapid development. For instance, Public health emergency (PHE) is amongst the methods with no expertise in telehealth and the complexities of reimbursement for these services.
Telehealth billing services are an essential revenue generation division now as they should be maintained and observed accurately. It will lead to a highly retained rate of cases and regularizes their claims and compensations on time. It will ensure uniformity in your revenue production and manage excess cash flow even through criticalities.
To face such a need for opportunity and solution during the crisis, 24/7 Medical Billing Services is reliable and commanding medical billing services. An outsourcing company with plenty of medical systems advantages and now operates for more than 15 years of expertise in the business. It offers several benefits to practices to uplift their income and secure the most responsible billing practice.
Competent medical billing guarantees more exceptional flexibility in presenting cases, receiving payments, and income growth capacity. You can notice transparency in what’s happening with your description and shares. Furthermore, being HIPAA compliant is an added advantage for medical billing companies since obtaining patient knowledge is more precarious and sensitive for your team to follow by your practice.
Nonetheless, the telehealth and medical billing process is an enormous and complex topic with several pointers to consider. The billing company automatically updates current trends, information on all billing needs, and an ease-out of your methods.
However, considering you have done proper market research and learn medical billings properly. In that case, you must be aware that 24/7 Medical Billing Services is the right Telehealth billing company that will fulfill your requirements.
How Can 24/7 Medical Billing Services Help During Disease Outbreak:
The newest coronavirus, or COVID-19, is still expanding across the globe. Individuals who had travel history in areas where there were confirmed cases of the virus are suggested to self-quarantine for up to two weeks. More healthcare providers communicate with infected individuals every day, delivering them more vulnerable to catching the disease. If more extra healthcare providers are exposed to COVID-19 while handling patients, they will also be asked to self-quarantine. It indicates that they will not treat patients until they are determined to be free of the virus.
The restrictions the virus is settling on people have produced it challenging to give treatments and consultations to victims. It is the purpose why the medical field is exploring creative resolutions to consider for COVID-19 patients while defending the areas from widespread vulnerability. One of the recommendations that could answer this enigma is telehealth.
Outsourcing Telehealth services to 24/7 Medical Billing Services will help manage the healthcare industry’s challenges in response to the coronavirus pandemic. Telehealth services will reduce the concern about disease exposure. It will decrease the implied healthcare limitations of remoteness, lack of transit, and expense.
24/7 Medical Billing Services proceed to move in a higher technological community, so telehealth will continue to grow and mature more critically in the medical field. And to keep a robust medical practice, you require to accommodate changes. It will help you qualify for situations such as a disease outbreak. There are previously several healthcare providers who have a telehealth model in their practice. And you should too.
If you’re thinking of extending telehealth to your patients, you might need a 24/7 Medical Billing Services system to begin scheduling more accessible and convenient for patients. 24/7 Medical Billing Services is a leading, privately-held medical services group that helps healthcare providers across the US. We deal with operational, organizational, and marketing issues (everything from billing errors to A/R backlogs to online credit difficulties) that block you from focusing on patient care. Contact us now on +1-888-502-0537 to know more.