Uploaded on Jul 5, 2021
Outsourcing medical billing refers to hiring an external agency by a healthcare provider who takes care of all the medical billing aspects. At 24/7 Medical Billing Services, bring excellence, knowledge, and accuracy to billing and coding services while developing a revenue cycle without defects for your practice. With abilities across the revenue cycle chain- patient demographics entry, insurance verification, insurance authorizations, coding, billing, reconciling accounts, and denial management, we can add value to your organization through analytics-driven and result-oriented processing.
Gastroenterology Billing Best Practices To Maximize Revenue
Gastroenterology Billing: Best Practices To Maximize
Revenue
https://www.247medicalbillingservices.com | +1 888-502-0537
Gastroenterology Billing: Best Practices To Maximize
Revenue
Gastroenterology is the division of medicine regulating the digestive system and its
dysfunctions. This specialization focuses on diseases affecting the gastrointestinal
tract, including the organs from mouth into anus, along the alimentary canal. Billing
and coding for gastroenterology remain challenging and require expert knowledge
to ensure maximum compensation.
Additionally, gastroenterology billing requires the ability to track underpayments
efficiently. This specification often surpasses the competency of most billing
software and in-house billing staff. GI practices not adequately targeting
underpayments face significant revenue issues.
https://www.247medicalbillingservices.com | +1 888-502-0537
Gastroenterology Billing: Best Practices To Maximize
Revenue
Moreover, with the subsequent payment cuts affecting gastroenterology
practice revenue, more practices rely on
gastroenterology medical billing and coding companies to maximize their
reimbursement.
• Medicare has cut compensation for colonoscopy up to 17 percent, which
has affected access to care. Colonoscopy is a life-saving procedure that
significantly benefits colon cancer inhibition.
• Incomplete colonoscopies are compensated at one-half the cost of a
finished procedure with the corresponding code.
• Though made no modifications in the Physician Quality Reporting and
Value-based Payment Modifiers, there will be improvements to pay for
quality reporting and other factors under the Merit-Based Incentive
Payment System and Alternative Payment Models, claimed by the
Medicare Access and CHIP Reauthorization Act.
https://www.247medicalbillingservices.com | +1 888-502-0537
Gastroenterology Billing: Best Practices To Maximize
Revenue
Conclusion:
Outsourcing medical billing refers to hiring an external agency by
a healthcare provider who takes care of all the medical billing
aspects. At 24/7 Medical Billing Services, bring excellence,
knowledge, and accuracy to billing and coding services while
developing a revenue cycle without defects for your practice. With
abilities across the revenue cycle chain- patient demographics entry,
insurance verification, insurance authorizations, coding, billing,
reconciling accounts, and denial management.
Our team strives to advance a smooth billing, coding,
claim submission, and payment posting process. We guarantee
consistent accounts receivable follow-up and prior authorization to
avoid claim rejections
https://www.247medicalbillingservices.com | +1 888-502-0537
Gastroenterology Billing: Best Practices To Maximize
Revenue
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing
service provider catering services to more than 43 specialties across
the entire 50 states. You can rely on us for end-to-end revenue cycle
management. We guarantee up to 10-20% increase in the revenue
with cost reduction of your practice for up to 50%.
Media Contact:
Hari Sudan,
24/7 Medical Billing Services,
16192 Coastal Hwy, Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
https://www.247medicalbillingservices.com | +1 888-502-0537
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