Uploaded on Sep 17, 2021
Nowadays, the financial health of your eye care practice depends more on the continuous cash flows than ever. In fact, keeping up with proactive optometric billing solutions in this ever-changing industry is putting strains on the optometrists and their staff worldwide. All this have resulted in either the closure of many eyecare practices or alteration of office hours as per the guidelines from AAO,CDC, and AOA.
Top 3 Challenges with Optometry Billing Services
TOP 3 CHALLENGES WITH OPTOMETRY BILLING
SERVICES
Nowadays, the financial health of your eye care practice depends more on the continuous
cash flows than ever. In fact, keeping up with proactive optometric billing solutions in this
ever-changing industry is putting strains on the optometrists and their staff worldwide. All
this have resulted in either the closure of many eyecare practices or alteration of office
hours as per the guidelines from AAO,CDC, and AOA.
That’s why there is a need to focus more on the performance of claim audits before it is
too late to receive the complete amount of reimbursements. One such move of the claim
audits is to understand the challenges faced by the optometry practices in billing and
coding their tasks. Let’s have a deep understanding of the top 3 challenges faced by the
optometrists in billing and coding their services:
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[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
Use of Incorrect Modifiers, Resulting in Claim Denials
Modifiers are the best choice to describe a service accurately, but they can lead to claim denials if used
incorrectly. Therefore, you need to be very careful while using modifiers for your optometry practice.
Some of the frequently used modifiers for optometry practices include:
•RT/LT for the right and left eye or lid along with the E1-E4 modifiers used for differentiating the right and
left & inferior and superior lids.
•- 24 modifier is applicable when a doctor undertakes an office visit during the period of an unrelated
procedure. For instance, a visit performed by a doctor when a patient who had an eye cataract surgery
in the last 90 days and comes up with an unrelated ocular issue in the other eye.
• To get the reimbursement for the office visit, you have to add a -24 modifier while submitting the claim
to the payer.
•- 25 modifiers are used for performing two unrelated and separate eye procedures on the same day.
•- 55 modifiers are necessary to be used when you co-manage a surgical eye procedure and perform only
the post-operative care with a surgeon.
•Additionally, if you perform post-operative care on a patient who had a surgical repair on both eyes, you
need to use a -79 modifier to code the second eye. Otherwise, your reimbursement will be denied on
account of duplicate procedures.
[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
Submissions Before Being Fully Credentialed or Improper Credentialing
Unless your application gets processed and approved, you should not see patients on
that specific insurance plan. Though you can use backdate claims in Medicare, you
should establish a starting date before attending the Medicare patients. The starting date
is mostly when Medicare initiates the processing of your application for the claim.
Additionally, if you want to receive the complete reimbursements, then you must submit
a claim to Medicare within a year of the date of service. Otherwise, submitting a claim
after 12 months indicates the claim denials and entitles you to collect only 20% of the
exam fee from the patient, not covered by Medicare. Furthermore, other insurance
carriers might have a deadline of 60 days from the date of service. So, make sure to
check the deadlines thoroughly and submit your claims accordingly.
Also, you must have the signature of either patient or the guardian for the under-aged
patients on the ‘Signature on File’ form to share your clinical information with the
insurance payers for processing your application. Therefore, you won’t receive the
reimbursement amount from the insurance carriers if you neither share the required
information (need patient’s permission) nor submit the claims with the correct coding.
[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
Staying Updated with the Regulations
Did you know that the ‘Meaningful Use’ has shaken the entire healthcare
industry with significant mandates? In fact, now the main concern for the
eye care practices is regarding the MACRA and MIPS. Additionally, a long
list of ICD-10 codes changes is waiting in the queue for reporting.
However, staying on top of these ever-changing regulations can prove to
be quite a difficult task. Apart from these frustrating changes, the changes
are also there to ensure that your patients get quality care whenever they
are in need.
One way to remain updated with these regulations is to select the best
EHR and practice management platform. This solution comes up with the
support of a clinical decision and the capability to generate and verify the
ICD-10 codes..
[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
Billing Service Provider not an Optometry Expert
Being a billing service provider and an optometry expert is a different
thing. How can you expect yourself as an optometry expert to
undertake medical billing and coding like a pro? That’s why many
optometrists choose to outsource optometry billing services to
professional billers and coders simply to avoid claim denials and other
data recording errors. In fact, optometry billing requires high-quality
specific billing and coding, which is something not every billing service
provider can handle. Therefore, outsourcing to the 24/7 Medical
Billing Services is the solution to your problem that has a team of
specialists with updated knowledge of all the specific requirements.
Read more :
[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
ABOUT US
• We are a medical billing company that offers ‘24/7 Medical Billing Services’ and
support physicians, hospitals, medical institutions and group practices with our end to
end medical billing solutions. We help you earn more revenue with our quick and
affordable services. Our customized Revenue Cycle Management (RCM) solutions
allow physicians to attract additional revenue and reduce administrative burden or
losses.
• Our company was founded in 2005 and is now a leading organization of highly
motivated and certified coders & billers in the US medical billing industry. Our current
employee strength is 500+ and we have ambitious plans to grow more rapidly.
• As a leading Medical Billing Outsourcing Company we take care of the complete setup
& enrolment in about one to four weeks time depending on the complexity of the
project. We have certified trainers with 10+ years of experience to train the
newcomers so they can get acquainted with the specialty jargons & stay updated with
the recent coding developments.
[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
CONTACT US
24/7 Medical Billing Services
16192 Coastal Hwy,
Lewes, DE – 19958
USA
Phone no :
+1 888-502-0537
Email Address :
[email protected]
[email protected] https://www.247medicalbillingservices.com/ 888-502-0537
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