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Medical Billing, Coding and Documentation Services

7 Main Benefits of Converting to ICD-10

Posted by Harold Gibson on Tue, Jan 27, 2015

 
The Department of Health and Human Services (HHS) recently ruled that the final date for switching from ICD-9 to ICD-10 will be October 1, 2015. Since the new code contains more digitals and thus is more complex, many medical providers out there are dreading the switch. If you’re one of them, you should know that there are numerous benefits to the new system. Here are the seven primary benefits to converting to ICD-10.

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Tags: ICD-10

How to Ensure You Medical Billing Process is Flawless

Posted by Harold Gibson on Thu, Jan 22, 2015

 
In an ideal world, medical billing would always go as planned. However, we all know that medical billing is a complex and complicated process, and all too often things do not go the way you would like them to. This can increase the cost and time of the claim’s filing process. There are multiple steps to take between the initial claim submission and final payment posting. In order to ensure your medical billing process is flawless, you need to first understand what additional steps might need to be taken when things don't go according to plan, including:

Insurance follow-up:

Your office should be following up on a claim as soon as 7-10 days after the initial claim has been submitted if you have not heard a response from the insurance company. Taking quick action to follow up on claims will have two results. First, it will reduce your accounts receivable timing. Secondly, it will increase your cash flow. Neglecting to follow up on a claim can end up costing your practice time and money in the long run, so be sure to get ahead of the curve.

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Tags: Medical Billing

7 Risks Related to Medical Billing & Coding

Posted by Harold Gibson on Thu, Jan 15, 2015

 
Medical billing is a complicated process, and getting through the process smoothly requires an awareness of the risks involved. Making a mistake when it comes to medical billing and coding can cost your office a lot of money and headaches. Not to mention, it can destroy your relationship with your client. Luckily, if you know where the pitfalls are, you can avoid the common mistakes made by others. Here are 7 risks related to medical billing and coding that you always need to be aware of:

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Tags: Medical Billing

6 Key Steps of a Successful Medical Billing Process

Posted by Harold Gibson on Tue, Jan 13, 2015

 
As complex and complicated as medical billing can be, it is entirely possible for things at your medical practice to actually run smoothly and go as planned. When this happens, a claim is created and only has to go through the process once instead of having one or several steps repeated. This drastically speeds up the time it takes for a claim to be paid. That is why it is so important to work with experts in the medical billing field. Unfortunately, many people simply think they are experts even when they aren’t. Just in case you are not sure whether your practice has everything under control, here are the six key steps of a successful medical billing process:

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Tags: Medical Billing

3 Most Commonly Denied Invalid Modifier Combinations

Posted by Harold Gibson on Thu, Jan 08, 2015

 
Most people have had to deal with medical insurance companies at least once in their lifetime. For better or for worse, those organizations are the keystone to the health system. If you have ever had a medical claim denied, you understand the frustration of waiting in a phone queue only to get someone who has no authority to make changes or assist in any manner other than simply reading the script they have been provided. This can drive anyone crazy, so your best chance to avoid these headaches is by avoiding the problems in the first place.

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Tags: Medical Coding

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