Medical Billing Blogs
As healthcare specialists know, medical billing can be a complicated process, and the fast-paced demands can leave claims open to mistakes. However, having well-trained billers on your side helps reduce the chances of those mistakes costing you the full reimbursement.
A successful medical billing team requires the capacity and process for following up on claims. According to the Center for Medicare and Medicaid Services, around 30% of claims are denied, never received, or ignored. Failing to follow up on denied claims results in lost revenue for a clinic, and preventative steps are only a part of the solution.
Investing in the right software can do wonders for your administrative and financial systems. When looking at an EMR or EHR system, a cloud-based one has many advantages for a medical office. One of the biggest: the practice’s data is stored on external servers and can be accessed via the web. Typically, this type of software also supports a local back-up option in case the practice wants that too.
The complexity of the medical billing process can be a detriment to a clinic with an unorganized system. Even one incorrect note or out-of-date record can cause a claim to be denied, which requires more time from the billers to correct and risks the full reimbursement.
Since the start of the new year, there have been updates in telehealth billing requirements. The providers affected are those who provide telehealth services to patients. This change will impact most insurances and you should contact your provider line to confirm. The revisions affect existing POS code 02 and new POS code 10.