This Blog Was Originally Published on Eminence RCM
https://eminencercm.com/blogs/step-up-patient-care-the-benefits-of-podiatry-billing-services
Amidst the busy routine of podiatry clinics, the responsibility of providing quality patient care lies in efficient revenue cycle management. When healthcare providers are stress-free from medical billing, they can align all their focus on patients. As a result, patients are satisfied, and healthcare providers can acquire their deserved reimbursement.
However, the answer is not so simple. Podiatry medical billing is complex and can take up a lot of time, energy, and resources. On the other hand, healthcare providers are always running short of time due to the number of patients. Patients and medical billing are both important and healthcare providers can’t choose one. So, they search for other ways to deal with administrative tasks such as podiatry billing services a medical billing company.
The main task that healthcare providers have is managing every step in medical billing and deriving the best results. Keeping certain things in mind can help healthcare providers elevate their podiatry practice and make it profitable.
In this blog, we will understand how podiatrists can navigate through medical billing complexities and enhance their revenue flow. We will also learn how podiatry billing services can help healthcare providers.
Let's begin by learning more about podiatry medical billing!
What Makes Podiatry Billing Challenging
Podiatry is related specifically to treating the foot. It involves factors such as making a diagnosis, rendering treatment, and performing surgery in some cases. This makes the scope of medical billing vast leading to intricacies.
Every patient has a different treatment plan, and this makes billing and coding complex. This also becomes the reason behind making administrative mistakes and leading to revenue leakage.
Medical billing is detail oriented, it requires knowledge and skill. Healthcare providers may not be well-versed in handling the process. Medical billing services, on the other hand, bridge this gap with strategic planning.
Professional assistance from a medical billing company helps eliminate errors, prevent denials, and improve the process. As a result, healthcare providers and practices can achieve adequate revenue and streamline the workflow.
How To Navigate Through Podiatry Medical Billing & Coding
Choosing the best practices can simplify podiatry medical billing and help healthcare practices in attaining their goal. The most common problem that leads to revenue leakage is claim denials. Healthcare providers must take all measures to prevent claim denials. Podiatry billing services can eliminate common errors and simplify medical billing.
This starts with knowing all the things that cause denials in the first place. It can be anything from errors or missing details in documentation to faulty coding and delays in claim submission.
If healthcare providers focus on this, they can reduce the number the denials. However, this is not the only important thing. Healthcare providers need to ensure insurance coverage with eligibility verification and take pre-authorization. They must also focus on following the regulatory standards and achieve necessary compliance such as HIPAA.
Attaining robust revenue is a combination of all these factors together. Healthcare providers may not be able to keep everything together, but podiatry billing services can do it effortlessly. Medical billing services take complete responsibility for podiatry practice and help healthcare providers in improving revenue cycle management.
Plan Of Action To Achieve A Robust Revenue
Let's see how healthcare providers can make their medical billing efficient.
Healthcare providers must know what is causing administrative instability and then target the specific difficulties.
Pre-Authorization
One reason behind claim denials in podiatry clinics is the lack of pre-authorization. Getting prior authorization is essential to receive reimbursement on time. If healthcare providers lack this step, then they are bound to face claim denials. However, a medical billing company can effortlessly handle the process of pre-authorization.
Error-Free Coding
The next important point that influences revenue results is the accuracy of podiatry codes. Only proficient claim filing can increase the clean claims rate and prevent denials. Podiatrists have to take care of CPT codes such as 11720, 11721, 11730, 11731, 11740.
Medical Necessity
Performing the medical billing process cannot reap results if the insurance doesn’t think your claim is medically necessary. Cross-checking the medical necessity is important to confirm if the insurance providers cover the treatment or diagnosis.
That is why checking this aspect beforehand is vital for podiatrists to keep their revenue flowing. Podiatry billing services are efficient at performing this task.
Tracking Claim Denials
Podiatry practice is not free from denials, and they occur commonly. Finding a way to deal with denials is essential to achieve adequate revenue. Only a proper denial management process can recover the lost revenue. From preventing errors that lead to denials to implementing a reclaiming process, podiatry billing services can streamline medical billing effectively.
Outsource Medical Billing Services
Facing issues in medical billing are common but what’s not common is not taking measures to improve the situation. Choosing podiatry billing services can be the most useful tip to improve revenue cycle management. They take care of the entire medical billing process and healthcare providers only need to focus on patient care.
Choose Eminence RCM As Your Outsourcing Partner
We know that podiatry medical billing comes with various medical billing challenges. Due to this healthcare providers are under constant pressure to balance patient care administrative flow.
Podiatry billing services are the option healthcare providers are searching for. With professional assistance, healthcare providers can achieve their financial goals and improve the operational flow.
Eminence RCM is a podiatry billing company in USA serving numerous healthcare providers. We work with a team of certified coders and billers proficient in handling the complexities of podiatry billing.
From the first step of medical billing to receiving revenue, our team ensures your experience is seamless. With our services, you will have enough time to focus on delivering quality patient care.
We also are particular about meeting all compliance requirements. We make sure your medical billing process is HIPAA compliant, and your healthcare practice is free from the risk of legal consequences. Our comprehensive services include:
- Keeping Your Practice Away from Manual Errors
- Maintaining Accuracy While Recording & Documenting Patient Data
- Filing Claims Accurately with Precise Coding (CPT, ICD Codes & Modifiers)
- Timely Claim Submission to Avoid Denials Caused by Delays
- Tracking Claims to Streamline the Process of Denial Management
Partner with Eminence RCM and take your podiatry practice to the height level of revenue cycle management and operational efficiency!
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