Uploaded on Dec 15, 2022
We specialize in orthopedic billing and coding, enhancing your experience in boosting the practice revenue for Orthopedic Services. Did you know that 35% of the claims made in Orthopedic surgery are incorrect, and 25% of them get rejected? If you ask an orthopedic medical professional, they will tell you that orthopedic coding and billing are tedious and, in medical schools, they aren’t taught very well.
Orthopedic Billing – All You Wanted To Know! PPT
ORTHOPEDIC BILLING – ALL YOU WANTED TO KNOW! Did you know that 35% of the claims made in Orthopedic surgery are incorrect, and 25% of them get rejected? If you ask an orthopedic medical professional, they will tell you that orthopedic coding and billing are tedious and, in medical schools, they aren’t taught very well. However, when practice starts in real life, it is essential to get knowledge for getting paid for the services provided while dealing with the following complexities. • Orthopedic Billing Complexities The new ICD-10 has revised 134 codes, deleted 143, and added 264 new codes in orthopedic coding. Furthermore, the introduction of modifiers like XU, XE, XP, and XS is quite path breaking in the field, accompanied by the new rules for modifier 59. All these recent changes and the existing medical coding and billing practices in Orthopedic make the process quite complex. https::///wwww.2.2447m7medeidciaclbaillbliinlglisnegrsveicrevsic.ceosm.com i n f o @ [email protected] BEGIN WITH USING THE CORRECT MODIFIERS The two-character designators used in Orthopedic billing denote how the procedural codes and services are to be applied for the services so the reimbursement can be claimed. When these modifiers are used accurately, they can provide an accurate and detailed medical record of the transaction. In orthopedics, there are two levels of modifiers, Level I and Level II. The Orthopedic billers and coders must have an in-depth knowledge of the modifiers and the codes that are suitable and permissible for a service provided. Any misuse of the modifiers and codes can lead to claim rejection, denial, fines, and in rare cases, even investigation of the practice. https://www.247medicalbillingservices.com [email protected] What Else? Top 5 Billing Guidelines for Orthopedic Practice • Insurance coverage verification From the beginning, the best way to keep the Orthopedic practice efficient is by taking the time to understand the patient’s insurance policies and verify the aspects of it. It must include pre-authorization, verifying the coverage given by the insurance company, and the type of orthopedic medical services it covers. • Checking patient information The importance of this point can never be emphasized enough, that is, checking the patient’s details, like the spelling of their name, date of birth, and other information that are easy to overlook. A simple mistake in the patient’s demographic would mean the practice is heading toward claim rejection or denial. https::///wwww.2.2447m7medeidciaclbaillbliinlglisnegrsveicrevsic.ceosm.com i n f o @ [email protected] • On-Time Claim A standard procedure, process, and metrics for submitting the claim in a given time frame must be used to ensure no claim delays. As a practice, you must be aware of the claim deadlines, and the insurance companies provide a time limit to submit the claims. When you meet the deadline, the chances of claim denials are less, and even if a claim is denied, you have the time to re-check and resubmit, decreasing the chances of revenue loss. • Correct coding Payers can sometimes deny claims because the codes need to be more specific. The insurance companies not only require as much information as you can provide them about the service but also justify that the codes used are correct for the procedures. It is vital that orthopedic billing and coding are compliant with the new ICD-10 coding regulations and standards. https::///wwww.2.2447m7medeidciaclbaillbliinlglisnegrsveicrevsic.ceosm.com i n f o @ [email protected] 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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