Uploaded on Jan 13, 2023
Billing for radiology correctly requires more than just keeping track of money. It is a multi-phase process that necessitates persistently calculating money on each step. Throughout the expanding process, one needs to be tenacious and proactive to ensure collection of every cent which is due. Reach out to Medisys Data Solutions Medical Billing and coding experts Call Now at +1 888-720-8884 (Toll-Free ) / [email protected]
A Case Study On Radiology Billing
A Case Study On Radiol ogy Billing INTRODUCTION ❏Billing for radiology correctly requires more than just keeping track of money. ❏ It is a multi-phase process that necessitates persistently calculating money on each step. ❏Throughout the expanding process, one needs to be tenacious and proactive to ensure collection of every cent which is due. Unique Challenges— Management and Personnel ● Radiologists at a medical setting in Ohio called Medisys Data Solutions into practice because they thought something wasn’t right. They employed a seasoned practice manager who had been with them when their firm commenced a new journey. The practice manager showed very less enthusiasm in taking on any billing responsibilities which kept piling up on the desks. ● The practice manager was operating a one- mhattnps :i/n/wtwewr.nmaeld ibsyisldliantag.c dome/psearvritcmes/emnedti,c awl-hich made thbiinlligngs-s mervoicrees difficult in this situation. At Medisys Data Solutions, we immediately noticed that all three of the aforementioned scenarios were taking place. Analysis and Audit We found that in order to hide the significant amounts of money being lost, their billing software was configured to calculate write-offs as contractual adjustments. Other errors and inefficiencies were as follows: ● Payment postings were not balanced ● Posting partial entries ● Stacks of paper checks from previous months were piling up on the desks ● Around 6 months’ worth of pending charges ● All payments were made on paper with zero trahctktp so:/f/w cwowm.mpeduistyesdraiztae.cdo mt/rsaernviscaesc/mtieodnicasl-billing ● The-s ebrviilcleins g team did not follow up with the address denials Recommendations and Solutions 1. Our initial suggestion was to start outsourcing billing operations right away because of the practice’s serious personnel and management issues. The fact that the practice was still unaware of the scope and gravity of their billing issues contributed to the resistance to this notion. As a result, we got qualified managers who were familiar with the current billing system. 2. Most billing companies would throw up their hands in the air and think their options were limited if the main recommendations were rejechtttepsd:/./ wTwhwe.m Medeisdysidsaytas. cDoma/stear vSicoesl/umteidoicnasl- btilelinagm -services worked numerous hours and through the night over the course of the following six months to restore some normalcy to our client’s invoicing system at Ohio. Resul ts 1. Comparatively speaking, internal billing is not more economical than outsourcing. A healthcare practitioner can monitor the billing process and adjust it appropriately for increased productivity with an in-house billing practice. However, if you perform in-house billing, you must ensure that every member of your staff has the knowledge and skills necessary to deal with patients’ questions, handle claims, administer the process, and manage the RCM independently. It is undoubtedly difficult for anyone to handle patients’ claims while still concentrating on their patient care. https://www.medisysdata.com/services/medical-billing 2. Most-s eprrvoicfeesssionals choose outsourcing at this point because they realize that by doing so, they will have more time for their primary practices and may delegate the processing of insurance-related tasks to a reputable medical billing business. Effective Measures What came next was a series of modest but effective measures to do away with inefficiencies. Let’s glance through them, shall we? 1. Scanning and properly archiving all supporting files 2. Payment reconciliation before posting 3. Processing reimbursements after evaluating them 4. Updating hospital admissions made while hthttpes :b//wilwliwn.mge dsiysyssdteatma.c owm/asesr viince sc/mheadiocasl,-b ailllinogng with -csheravircgeses and payments 5. Using trained coders for coding tasks and implementing PQRS A Case Study On Radiology Billing 1. It is time to know the income cycle of your radiology practice like never before. 2. You can choose the level of support your office needs from our range of medical billing services for radiology practices, whether you need assistance regularly, occasionally, or occasionally. 3. We are familiar with your industry and are aware of the steps necessary to restore your revenue health and provide httypso:/u/w wpwe.maecdeis yosdfa mta.cinomd/s.ervices/medical-billing -services ● We are a market leader when it comes to offering clients mediCcaol bnillicngl uansdi coodninsg :services . ● To completely comprehend our clients’ billing concerns, we work directly with them. ● At Medisys Data Solutions, we provide quick and affordable solutions that give our clients a competitive edge in their industry. ● Our skilled professionals have a wealth of expertise obtaining the highest settlement for your customers. ● All you need to do is get in touch with us! Sounds super easy? You should try a shot working with us and easy will be the word you will use a lot! Let’s work this out, shall we? About Us Medisys Data Solutions is a leading medical billing company providing complete assistance in medical billing and coding. We can assist you in receiving accurate insurance reimbursement from private and government payers. With our services like benefits verification and credentialing & enrollment, you can add more providers in your practice. To know more about our specialty specific medical billing and coding services, contact us at [email protected]/ 302-261-9187. GET IN TOUCH 302-261-9187 Address: Medisys Data Solutions Inc. 8 The Green STE A, Dover, Delaware 19901,USA Email: [email protected] Thanks Do you have any questions? [email protected] 302-261-9187 medisysdata.com CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik.
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