Requirements For SNF Consolidated Billing PPT


Devinclark1020

Uploaded on Dec 16, 2022

Do you know about the requirements for SNF Consolidated Billing (CB)? We will take care of consolidate billing for skilled nursing facilities. The experts of 24/7 Medical Billing Services in SNF consolidated billing are equipped with the latest guidelines and knowledge of the CB in Skilled Nursing Facilities. to know more get in touch at: [email protected] or contact : +1 888-502-0537

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Requirements For SNF Consolidated Billing PPT

REQUIREMENTS FOR SNF CONSOLIDATED BILLING (CB)   Skilled Nursing Facility (SNF) differs from nursing homes, so their services are also different. Many confuse the two, but nursing homes can have experienced nurses who do not require professional care like SNFs, which marks the difference between the two. In most cases, the care provided by SNF is by occupational therapists, physical therapists, speech-language pathologists, and common and licensed practical nurses. Though the list is not exclusive, patients in SNFs that are part of the Medicare practice can be admitted to skilled nursing residents in several cases. Thereby, the billing process resulted in problems that were eventually rectified with the SNF consolidated billing (CB).  https::///wwww.2.2447m7medeidciaclbaillbliinlglisnegrsveicrevsic.ceosm.com   i n f o @  [email protected] SNFS BILLING ISSUES SNF can also unbundle a service, thus allowing them to permit providing services directly to the patient by an outsider supplier. The outsider then can submit the claim to Medicare Part B, where SNF doesn’t need to be involved. This method of claim submission, however, caused specific issues: •           There could be duplication of bills when both SNF and the supplier billed for the same services •           Beneficiaries often incurred the out-out-pocket liability for the deductible of Part B despite the supplier billing the insurer for that. •           The residents’ quality of care was adversely affected when different outside care suppliers were brought into the program.  https://www.247medicalbillingservices.com  [email protected] Taking Care Of The Requirements of SNF Consolidated Billing • The CB makes the SNF coding and billing process quite complex. It requires the SNF staff to adhere to these new billing guidelines while keeping track of hundreds of accounts of residents, their bills, and the insurance companies’ documents. The need to find ways to integrate and configure these data and streamline the billing and management process is essential. Since the CB aims at providing better management and revenue to the SNF, the facilities must adhere to the rules and regulations. It can be quickly done to save money and time while the financial data is managed accurately for the SNF consolidated billing. • However, many facilities and their admin staff find managing the SNF consolidated billing  process challenging. It often leads to revenue loss and, worst case scenario, getting investigated by the authorities and fined for wrong billing and coding. All these problems can be quickly resolved with the help of an expert partner like 24/7 Medical Billing Services.  https::///wwww.2.2447m7medeidciaclbaillbliinlglisnegrsveicrevsic.ceosm.com   i n f o @  [email protected] WHY OUTSOURCE SNF BILLING AND CODING? The experts of 24/7 Medical Billing Services in SNF consolidated billing are equipped with the latest guidelines and knowledge of the CB in Skilled Nursing Facilities. They also have the necessary EHR software to manage SNF consolidated billing. The EHR software can process high-volume data, including coverage of the residents and the payer plans. Apart from such software, the trained staff understands the importance of proper coding, which is required in CB for skilled nursing facilities. Hence by working with the experts, any SNF can get the best-streamlined billing and coding process. It eventually ensures every bill is claimed on time, no delays in A/R, and no claim denials, rejections, and issues with reimbursement of the services. In the long run, the admin can put in place a better revenue management cycle for the SNF by adhering to the CB guidelines and warranting a better ROI for the facility.  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]