Uploaded on May 7, 2021
Having your orthopedic billing and coding handled by outside consultants can provide you with a much larger revenue stream while reducing costs. It often reduces the need for practices to resend claims denials or appeal claims denials, which are costly. By choosing to collaborate with 24/7 Medical Billing Services to outsource orthopedic billing services, you would be working with a highly expert team who has experience in revenue cycle management and medical billing. The team here is certified and trained in Medical Billing Software such as NextGen, Medisoft, Medic, Lytec and more. They ensure constant accounts receivable follow-up and prior authorization to prevent claim denials by introducing a friction-free billing, coding, claim submission and payment posting process.
How Can Outsourcing Orthopedic Billing Aid In Improving Collections
HOW CAN OUTSOURCING ORTHOPEDIC BILLING
AID IN IMPROVING COLLECTIONS?
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
HOW CAN OUTSOURCING ORTHOPEDIC BILLING
AID IN IMPROVING COLLECTIONS?
A branch of medicine that mainly deals with the
Musculoskeletal system’s conditions like bones, joints,
ligaments, tendons, besides muscles, is known as Orthopedic
surgery or Orthopedics. These systems are pretty essential for
regular movement in everyday life. The orthopedic billing
mainly depends on proper documentation before, during, and
after the patient’s visit. A claim is most likely to be rejected if
there is an error, including incomplete patient demographics
entry or improper patient’s eligibility verification. Besides that,
the revenue collection can also be harassed due to
authorization errors and failure of knowing the insurance
preferences.
Therefore, Orthopedic billing needs a deeper understanding of
the services provided. Nearly 35% of orthopedic surgery claims
are incorrect, out of which 25% of medical claim gets rejected.
Such high denial rates can lead to compromised revenue &
patient care while bHaTTnPSk://rWuWWp.2t4i7nMEgDI CyALoBIuLLIrN GoSErRtVhICEoSp.COeMd/ ic practice.
HOW CAN OUTSOURCING ORTHOPEDIC BILLING
AID IN IMPROVING COLLECTIONS?
Some of the benefits of outsourcing orthopedic billing
are as follows:
• Automatically check the insurance validity of the employees
• Keep the patient’s data secure
• Enhance patient engagement and satisfaction
• Adhere to ICD-10 and Coding Changes
HTTP://WWW.247MEDICALBILLINGSERVICES.COM
HOW CAN OUTSOURCING ORTHOPEDIC BILLING
AID IN IMPROVING COLLECTIONS?
Conclusion:
Having your orthopedic billing and coding handled by outside
consultants can provide you with a much larger revenue
stream while reducing costs. It often reduces the need for
practices to resend claims denials or appeal claims denials,
which are costly. By choosing to collaborate with 24/7 Medical
Billing Services to outsource orthopedic billing services,
you would be working with a highly expert team who has
experience in revenue cycle management and medical
billing.
The team here is certified and trained in Medical Billing
Software such as NextGen, Medisoft, Medic, Lytec and more.
They ensure constant accounts receivable follow-up and prior
authorization to prevent claim denials by introducing a
friction-free billing, coding, claim submission and payment
posting process.
HTTP://WWW.247MEDICALBILLINGSERVICES.COM
HOW CAN OUTSOURCING ORTHOPEDIC BILLING
AID IN IMPROVING COLLECTIONS?
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, Media Relations,
24/7 Medical Billing Services,
16192 Coastal Hwy,
Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
HTTP://WWW.247MEDICALBILLINGSERVICES.COM
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