Medical billing and coding are intricate procedures that present difficulties for every practice. Specializations like thoracic surgery, however, make it even more difficult to make sure everything is correctly documented and submitted in accordance with insurance claim regulations because of the vast array of operations and multiple options. Keeping track of these things can seem daunting to busy office workers.
Keeping an effective revenue cycle is becoming more and more crucial as medical office budgets get tighter and expenditures keep rising. Delays in payments brought on by denied claims or sluggish submissions can have a big effect on your bottom line because they make it harder to maintain your office and buy supplies.
Human error is a major risk in a field that performs everything from heart transplants to minimally invasive surgery. Thoracic surgery billing entails several intricate, specific codes and modifiers that must be correctly applied to guarantee appropriate compensation, in contrast to general practices that rely on commonly used codes.
Any coding errors made early in the process can result in a series of inaccuracies as the therapy goes on because thoracic surgery is frequently a continuous or multi-stage procedure. These mistakes may lead to claim denials or rejections, requiring your employees to invest important time in going over records to find and fix the problem.
Accurate billing needs to take supplies, drugs, and monitoring systems into consideration in addition to the treatments itself. There are more chances for inaccuracy because these details frequently need to be copied from the doctor’s notes. Compared to employees in a busy medical practice who are juggling several obligations, a professional medical billing team is significantly better able to handle these difficult tasks, especially when billing is their only emphasis.
Significant revenue losses may arise from undercoding, which is the use of a code that yields a lower reimbursement than is justified. Overcoding, in which claims represent more intricate or expensive operations than were really carried out, is even more dangerous. Overcoding is not only against the law, but it also results in billing confusion and payment delays. Payers may become suspicious, and the Office of Inspector General (OIG), the federal organization in charge of identifying and combating healthcare fraud, waste, and abuse, may launch an inquiry.
We have a great deal of expertise working with practices of all sizes in every medical specialty across the United States. Our knowledgeable, experienced staff of billing and coding experts handles your revenue cycle more effectively than most internal teams, freeing you up to concentrate on patient care rather of paperwork while increasing your overall revenue.
For both participating and non-participating clinics, having a billing team with practical experience in claims recovery is crucial for difficult specialties like as radiology, cardiology, pulmonology, oncology, and thoracic surgery. You need professionals who know how to negotiate and collect payments at the best rates if your practice is below the standards of any payer.
The correct billing and coding partner is an investment that saves you money rather than an extra cost. Your practice will experience improved cash flow and income with fast, correct claims submission, successful collections, and efficient denial management. Get a free demo now to see how Medsurebilling may increase your revenue.
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