Planning your 2022 Strategy to Generate More Revenue
                           Planning your 2022 Strategy to Generate More 
Re  v  e n  u e
https://www.247medicalbillingservices.com   |   +1 888-502-0537
  
 Planning your 2022 Strategy to Generate More 
Revenue
The years 2020 and 2021 were beyond imagination for the healthcare 
industry. Nothing could have prepared them for the huge hit to the 
economy due to the COVID-19 pandemic. With the start of a new 
year, here is a chance for medical billing providers to rethink and 
improve on their strategies for better revenue.
 
With the constant changes and the recent pandemic, the healthcare 
system always provides new challenges to patients and providers. 
Here are some tips to help you plan your strategy to generate more 
revenue in 2022.
 
https://www.247medicalbillingservices.com   |   +1 888-502-0537
  
Planning your 2022 Strategy to Generate More 
Revenue
 Build a Strong Team
If you’re hiring, select the right people! The staff should be able to run 
the office while taking care of the patients. Your company should also 
be able to communicate well and maintain a good and stress-free 
working culture for the staff. Training staff is also essential. e.g., A 
training about the major change in 2021 about replacing Medicare 
physician fee schedule. It will be changing fee schedules and 
reimbursements in the future.
 Maintain a Simple Collection Process
 
While the pandemic and the lockdown have brought in a shift to 
telephonic or virtual discussions, it has become more critical to 
maintain an easy process for you and your patients. 
 
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Planning your 2022 Strategy to Generate More 
Revenue
 Handle Claims properly
 
Quite a few claims are denied because of errors or non-adherence to 
the new updates. Only with correct medical billing and coding and 
adherence to the guidelines given by insurance companies; claims 
can go through without hassles. With the rejection and re-submission 
of claims, it can take a long time for providers to receive the payment 
for their services. 
 Reduce Billing and Coding Errors
 
While the medical billing industry has shifted to ICD-10 from ICD-9, 
ICD-11 may soon come into use from January 2022. The transition to 
ICD-10 brought in more than 140,000 new codes and procedures, so 
will the next transition. New codes have and will be added in 2022 for 
procedures and tests of detecting or treating COVID-19. Hence, all 
providers will need to be updated and train their staff accordingly.
 
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Planning your 2022 Strategy to Generate More 
Revenue
Improve 
 
Track the accounts receivable that are pending to get a better 
collection. Track each figure quarterly and compare it with the last 
year's numbers for timely analysis of new procedures.
Also, keep track of problematic accounts for potential challenges in 
the future. For example, late payments, frequent changes in contact 
details, or frequent declined payments are some of the very common 
giveaways for such problematic accounts.
 
Outsourcing
 
All these struggles can be easily managed by 
outsourcing medical billing and coding services.  
https://www.247medicalbillingservices.com   |   +1 888-502-0537
Planning your 2022 Strategy to Generate More 
Revenue
Conclusion:
These companies are aware of all the current trends, guidelines, or 
billing and coding standards required to be met in the billing industry. 
They will adhere to each and save your money and time with 
successful claims.
They have dedicated specialists with the expertise to take care of the 
correct submission and re-submission in cases of denied claims. 
Also, they take lesser time, and the process is handled quicker than 
providers.
When the billing troubles have been handed over, you can get 
sufficient time to focus on your patients.
 
24/7 Medical Billing Services can help simplify the whole process, 
ensure accuracy, and dedicate their team of experts to generate 
more revenue for you in 2022.
 
https://www.247medicalbillingservices.com   |   +1 888-502-0537
Planning your 2022 Strategy to Generate More 
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