Uploaded on Mar 21, 2023
To avoid optometry billing errors and help you in increasing cash flow call us at +1 888-502-0537. 24/7 Medical Billing Services uses an expert approach to avoid billing errors and help you in increasing cash flow, reducing insurance follow-ups, and getting regular reports.
5 Billing Issues That Affect Revenue For Your Optometry PPT
5 BILLING ISSUES THAT AFFECT
REVENUE FOR YOUR
OPTOMETRY
HEALTHCARE OFFICES AND PRACTICES ARE OFTEN OVERLOADED WITH WORK
AND MANY COMMON MISTAKES CAN EASILY HAPPEN HERE. TO REDUCE THESE,
MEDICAL BILLING COMES IN HANDY. THE CODING SHOULD BE DONE BY THE
OPTOMETRIST AS HE IS THE ONE WHO IS WELL-EDUCATED ABOUT THE ETHICAL
CODING PROCEDURES. HE IS RESPONSIBLE FOR ENSURING THE USAGE OF
CORRECT OFFICE VISIT CODES AND THE CLAIMS TO BE CORRECTLY CODED. IN
OPTOMETRY, THERE ARE AROUND 16 WAYS TO CODE EYE EXAMINATIONS EXCEPT
FOR CONSULTATION VISITS.
BUT BILLING IS BEST HANDLED BY STAFF OR OUTSOURCED PEOPLE WHO ARE
TRAINED, BILLING SPECIALISTS IN OPTOMETRY. HOWEVER, THERE STILL CAN
BE BILLING ISSUES THAT CAN HAMPER YOUR REVENUE AND CAN INVITE
UNFORTUNATE RESULTS LIKE A DENIED CLAIM OR AN AUDIT. BELOW ARE THE
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MEDICAL VS. ROUTINE
UNDERSTAND THE DIFFERENCE BETWEEN ROUTINE AND MEDICAL EXAMS WELL
TO ENSURE YOU GET THE FULL REIMBURSEMENT FOR YOUR SERVICES. THE
CHIEF COMPLAINT AND DIAGNOSIS CAN HELP YOU IN THAT. IT WILL MOST LIKELY
BE BILLED AS A MEDICAL EXAM IF THE PRIMARY DIAGNOSIS IS MEDICAL BUT
ADDRESSES THE CHIEF COMPLAINT. ALSO, REMEMBER TO NEVER ASSUME THAT
A BLURRY VISION MEANS A REFRACTIVE ISSUE, AS IT CAN BE THE REASON FOR
AN UNDERLYING MEDICAL CONDITION THAT MAY RESULT IN A MEDICAL EXAM.
INVALID/INCORRECT MODIFIERS USAGE
MODIFIERS HELP IN DESCRIBING A SERVICE ACCURATELY BUT CAN ALSO LEAD
TO DENIED MEDICAL CLAIMS IF USED INCORRECTLY. THERE ARE AROUND 17
MODIFIERS IN OPTOMETRY BUT BELOW ARE SOME FREQUENTLY USED FOR EYE
EXAMS.
https://www.247medicalbillingservices.com [email protected]
DUPLICATE/INCORRECT BILLING
THIS HAPPENS WHEN A PARTICULAR PATIENT IS BILLED DOUBLE OR MORE FOR
THE SAME TREATMENT OR TEST. THE OPERATOR SHOULD BE CAREFUL ENOUGH
ABOUT WHETHER THE PATIENT HAD ALREADY PAID OR NOT. THIS ISSUE WILL
INCREASE ADMINISTRATIVE WORK AND WILL BE A PAIN FOR THE PAYER TOO. IT
MAY ALSO LOOK LIKE THE PATIENT HAS AVAILED MULTIPLE SERVICES ON THAT
DAY.
• UNBUNDLING
A FEW MEDICAL BILLING CODES ARE SPECIFICALLY DESIGNED TO BE USED
FOR A GROUP OF PROCEDURES THAT ARE FREQUENTLY CARRIED OUT
TOGETHER. UNBUNDLING IS AN ILLEGAL PRACTICE WHEN THESE SERVICES ARE
BILLED UNDER SEPARATE CODES. THIS CAN CAUSE HARSH CONSEQUENCES AS
IT CAN INCREASE THE PROFITS FOR THE CENTER.
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Upcoding and Undercoding
UP CODING CAN HAPPEN WHEN A MODERATE (IN TERMS OF TREATMENT AND MONEY)
DIAGNOSIS IS UPGRADED TO A MORE SERIOUS AND EXPENSIVE TREATMENT. IT CAN ALSO
HAPPEN WHEN A PATIENT IS CHARGED FOR A SERVICE THAT WAS COVERED
UNDER MEDICARE, INSTEAD OF AN ADMINISTERED SERVICE. BOTH THESE SITUATIONS
CAN DEMAND HIGH PAYMENTS THAN WHAT YOU SHOULD RECEIVE.
UNDER CODING IS WHEN A PROVIDER ENTERS A BILLING CODE FOR A LESS EXPENSIVE
PROCEDURE TO AVOID AN AUDIT OR TO HELP A CUSTOMER SAVE HIS MONEY.
LAST BUT NOT THE LEAST, REMEMBER TO FOLLOW UP ON YOUR DENIED CLAIMS AND
NOT CONFUSE THEM WITH REJECTED CLAIMS. ANY OPTOMETRIST MUST LEARN
ETHICAL BILLING AND CODING PROCEDURES AND ADHERE TO THE OPTOMETRY
CODING GUIDELINES THAT CHANGE EACH YEAR.
ONE BEST OPTION TO KEEP PROPER TRACK IS TO OUTSOURCE OPTOMETRY BILLING
TASKS TO SOMEONE.
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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%.
https://www.247medicalbillingservices.com [email protected]
CALL US TODAY :
Media Contact –
24/7 Medical Billing Services,
28405 Osborn Road,
Cleveland, OH, 44140
Tel: + 1 -888-502-0537
Email: [email protected]
Website: https://www.247medicalbillingservices.com/
https://www.247medicalbillingservices.com [email protected]
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