Blog
8 proven methods to avoid coding and billing errors
Medical billing and coding are the critical processes of the Revenue Cycle Management. The sheer complexity of coding and billing can pose several difficulties to even an experienced organization. In the absence of well-trained and certified coders and billers whose knowledge is not up to date, errors of all types are bound to occur, which will adversely affect the turnaround time and ultimately clients’ revenue. Further, there are compliance issues to watch out for and up-coding is to be avoided at all costs.
Medical Billing and Medical Coding companies with broad experience and knowledgeable billing/coding teams have evolved to avoid medical billing and coding errors. It is pertinent to note that a report in 2010 by the Office of the Inspector General from the United States Department of Commerce indicates that 42% of the Medicare claims were not coded correctly while another 19% did not have the necessary documentation.
5 Reasons to Outsource to a Medical Billing Company
Medical professionals train for years to get qualified to treat patients. While service to humanity is the overriding mission in their lives, they are sadly ill-equipped to handle their professions’ business side. The healthcare system has many parts and is not simple. Doctors have to handle tons of paperwork to get reimbursed for the services they render. The billing and coding paperwork has to be accurate, which adds further stress to the already stressed physician. Therefore, doctors prefer a medical billing company they can trust to do the coding and billing for them.
A billing company follows HIPAA and other industry guidelines and makes sure physicians receive payments quickly. Billers and coders go through regular training on Revenue Cycle Management processes, understanding the International Classification of Diseases (ICD) /other codes and keeping themselves updated with changes. The medical billing and coding company is fully equipped and competent to handle the entire RCM cycle, thus ensuring that physicians are financially healthy.
How to choose an anesthesia billing company that best fits you
Bristol Healthcare Services is a medical billing company serving medical professionals for over 25 years. Over the years, we have developed our expertise in many specialties. We provide services to small and large groups in most states of the country.
Anesthesia billing is a specialty, unlike others in that there are many factors to take into consideration in order to prepare clean claims. Further, to effectively process your claims, we have invested in the appropriate billing software. Our expert billing team is trained in handling anesthesia billing, which can be complicated. Expert team and technology ensure that we increase your revenues.