In today’s evolving healthcare landscape, patient responsibility for healthcare costs has grown substantially, and as a result, the collections process has become a pivotal component in sustaining a healthy revenue cycle.
There are billions of dollars in disputed payments from both federal and commercial payors. AR recovery services from dependable medical billing companies can help stem the tide.
An electronic claim is a paperless claim form generated electronically by the billing software with the biller’s data input. It is transmitted through the Internet to an insurance company for reimbursement.
As claims reimbursement is more closely linked to quality and outcomes, following-up with patients at different stages is necessary and must not be overlooked.
Cardiology is a specialty that sees rapid development in technology and cardiovascular procedures. There should be no knowledge deficit regarding ICD-/CPT codes for claims to be reimbursed, as it is accurate coding that gets physicians paid.