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Press Release – Bristol Healthcare Assists Providers and Hospitals to Bill for Nearly a Million Covid-19 Vaccine Doses

Press Release on “ Bristol Healthcare assists providers/hospitals to bill for nearly a million Covid-19 vaccine doses” was published in www.issuewire.com on 14 December 2021.

BHS has assisted healthcare providers and hospitals to bill for nearly a million administered COVID-19 vaccine doses.

Cerritos, California Dec 14, 2021 (Issuewire.com)  – Bristol Healthcare Services, a medical billing and coding company located in Los Angeles, California, is pleased to announce that as of the end of last month, the company has assisted healthcare providers and hospitals to bill for nearly a million administered COVID-19 vaccine doses.

In May 2021, a separate program, the HRSA (Health Resources and Services Administration) COVID-19 Coverage Assistance Fund, was announced by the Biden-Harris Administration. It reimburses providers for COVID-19 vaccine administration to underinsured individuals whose health plan either does not include COVID-19 vaccination as a covered benefit or covers COVID-19 vaccine administration but with cost-sharing.

Health care providers who have conducted COVID-19 testing or provided treatment for uninsured individuals with a COVID-19 primary diagnosis on or after February 4, 2020, or provided COVID-19 vaccine administration to uninsured individuals can electronically request claims reimbursement and will be reimbursed generally at Medicare rates.

Successfully vaccinating the country’s population presents many challenges, from production to distribution and deployment. To cope with the challenges, vaccine production was increased, thousands of vaccinators and locations to get vaccinated were added. With this massive increase in vaccinations, the work of billing for medical services proportionately increases.

Bristol Healthcare Services has been assisting providers and hospitals in filing claims for reimbursement of COVID-19 related medical services. “Many of our established and long-standing clients and some newer ones were facing a huge backlog in terms of electronically requesting reimbursement under the HRSA program. We were able to step up to the need and get the work done,” says Jay Ganesh, CEO, Bristol Healthcare.

The company has billed for almost a million doses of vaccines administered under this program, with the bill value totaling $10 million upwards. “We are honored to assist medical professionals who are in the frontline sacrificing everything to help humanity,” says Jay Ganesh, CEO.

About Bristol Healthcare Services

Bristol Healthcare Services is one of the leading medical billing and coding companies. The company has been serving medical professionals for over twenty years, helping them increase their revenue and keep their cash flow consistent. The entire gamut of revenue cycle services is offered at cost-effective rates; practices can save up to 50% of costs. The company believes that physicians should be reimbursed fully for their services and is committed to assisting them in taking their practice to the next level.

CONTACT INFORMATION
Bristol Healthcare Services
12454 Pine Creek Rd, Cerritos, CA 90703
Phone: 800-253-7320
Fax: 888-275-1128
Website: https://www.bristolhcs.com

The Press Release can be accessed at

https://www.issuewire.com/bristol-healthcare-assists-providers-hospitals-to-bill-for-nearly-a-million-covid-19-vaccine-doses-1719104573811809

Accurate Charge Entry and Audits Promote Revenue and Compliance

Medical billers working on charge entry process.

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Importance of accurate charge entry

The healthcare revenue cycle is complex and challenging, with scope for errors at many stages. With several stakeholders involved, frequent denials and incorrect charge entry lead to compliance issues. Together with inadequate security, they are issues that negatively impact a practice. Here precise coding and accurate entry of charges by billers are non-negotiable processes that lead to increased revenues and a good reputation.

When billing professionals lack the requisite expertise or are overburdened, charge entry errors are bound to arise. And overcharges or undercharges result in filing incorrect claims. The absence of regular audit leads to compliance issues with regulatory authorities. Once that happens, there is a loss of reputation. Therefore, a practice has to manage its charge capture processes efficiently and regular charge audit provides timely and actionable insights enabling resolution of root causes. (more…)

Technology Aids Patient Payment Collections and Financial Resilience

Digital Technology used for patient payment collections.

The healthcare industry is witnessing the trend of increasing patient payments for medical services. The insured’s adoption of high deductible health plans leads to lesser payments by payors and more out-of-pocket expenses by patients. Further, unexpected medical emergencies mean financial stress on the patient’s families and the physician, too, whereby the practice has to find ways to collect dues from the patient.

It is now essential for practices to frame clear-cut policies for collecting payments from patients and adopt patient-friendly ways to communicate and receive payments. Investing in technology will go a long way in shoring up your revenues and aiding in financial resilience for the practice. (more…)