Overcoming Unique Podiatry Medical Billing Challenges with A Proficient RCM Process
                     
Overcoming Unique Podiatry Medical Billing Challenges with A 
Proficient RCM Process
Awareness about foot care is slowly improving and people have started recognizing the importance of 
consulting a specialist instead of their primary care provider. Increasing public awareness coupled with better 
subsidies and healthcare reforms can dramatically increase demand for podiatry services in the years to come. 
However, Podiatrists may not be prepared to face and overcome the Unique Podiatry Medical Billing 
Challenges with A Proficient RCM Process has to face, given the rise in the patient walk-in.
Podiatry Billing is a very specialized field of medical billing and comes with its very own set of challenges. 
Without in-depth knowledge of podiatry and extensive experience in podiatry billing, general billing service 
providers or even in-house specialists can’t attempt to maximize revenue.
On average, with rising costs and billing challenges, Podiatrists lose about 20% of their potential revenue every 
year. Inefficient billing practices and a lack of a well-coordinated RCM process can cost podiatrists more than 
just a few denied claims.
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Overcoming Unique Podiatry Medical Billing Challenges with A 
Proficient RCM Process
Two Major Podiatry Medical Billing Challenges Faced by Podiatrists are:
1. Underpayments by insurance companies: Podiatrists lose around 10% of their annual revenue due to 
insurance underpayments and are often unable to even identify this loss of revenue correctly.
2. Patient billing: Patient billing is yet another complexity that is difficult to overcome, given the lack of 
understanding on the part of patients regarding benefits and podiatry terms mentioned on their bills.
The only way to effectively overcome these challenges is by resorting to proficient 
Revenue Cycle Management, specific to Podiatry. Paying attention to key parameters of the RCM can enhance 
the productivity of the process as well as add to the value offered by podiatric care providers.
• Monitoring and reviewing all outgoing billing statements should be the first and foremost step of the RCM 
process to ensure correct payment and processing by public and private insurers.
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Overcoming Unique Podiatry Medical Billing Challenges with A 
Proficient RCM Process
• Checking the payments received from all insurers and matching them with bills filed can expose any 
underpayments at the right time. Early detection can facilitate timely claim filing or correction of 
documents which can lead to complete payment by the insurers.
• Responding to insurers’ queries regarding claims and filing appeals for denied claims within a set turn-
around time can improve payment rates and boost revenue.
• Podiatry rules and claim procedures vary from insurer to insurer and are distinct from general billing 
practices followed by primary care providers. Paying attention to these specialty billing procedures can 
eliminate the chances of error and underpayment by reimbursing parties.
• Improving bill collection from patients by providing better customer service and establishing an interactive 
interface to explain the billing process to patients can dramatically increase revenue as well.
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Overcoming Unique Podiatry Medical Billing Challenges with A 
Proficient RCM Process
There are too many aspects of podiatry billing that can’t be ignored if one wishes to maximize revenues. 
Instead of wasting precious patient care time on administrative activities, podiatrists can rely on 
medicalbillersandcoders.com for comprehensive RCM solutions.
With expert billers and years of experience in specialty billing, MBC can help you overcome all billing 
challenges specific to podiatry billing. As a result, you can not only strengthen your bottom line but offer better 
services to your patients too.
MBC’s team of Medical Billing Experts works closely with healthcare providers to ensure that all medical 
services are accurately coded and billed. To know more about our podiatry billing and coding services, email us 
at: [email protected] or call us at 888-357-3226.
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