Podiatry Billing 101 : How to improve collections?
Best Practices in Podiatry – Medical Billing and Coding
Podiatry billing can be complicated in many ways - beginning with the need to determine and prove the medical necessity of the treatment, to the many nuances of medical coding. It demands meticulous use of modifiers and an understanding of coding for inclusive procedures. In this guide, Medical Billing Wholesalers bring you the guidelines & best practices to be followed to increase collections for your Podiatry practice.
Understanding Commonly Used Modifiers and Their Impact On Reimbursements
According to the AMA and the CMS, a modifier provides the means to report or indicate that a service or procedure has been performed and altered by some specific circumstance but not changed in definition. Healthcare practices tend to suffer from aged accounts, write-offs, and revenue leakage if they do not have a firm grip on the use of modifiers. In this article, we bring you the common modifiers in medical billing & their applications.
Case Study: Transforming the Financial Performance of a Podiatry Practice through Correct Coding and Electronic Claims Submission
Denials reduced by 23% and Collections improve by 25%
Bad quality scanning of superbills and lack of adoption of electronic claims submission creates a charge backlog situation and consequently, result in increased denials on account to timely filing dates not being adhered to. Read this case study about how our structured approach, technical expertise, and revenue cycle process rigor combine to create value for our client.
Industry News
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Non-COVID-19 Hospital Admissions Have Only Partially Rebounded
Chronic Care Management Code Use Increases, But Uptake Still Lagging
Staying Financially Healthy - Hospitals Must Protect Revenue Cycle Capabilities to Limit COVID-19's Financial Fallout
Preventing Avoidable Hospitalizations During COVID-19
Improving Patient Collections in the Emergency Department, High-Volume Clinical Environments
About Medical Billing Wholesalers
Medical Billing Wholesalers (MBW) provides business process outsourcing, revenue cycle KPI measurement, and robotic process automation tools. The company operates from 5 delivery centers in Chennai and Bangalore and has sales offices in New York, Dallas, Fort Lauderdale, Las Vegas, and Nashville. Through our clients, we support over 2,000 physicians across over 20 medical specialties and uses over 15 EMR/practice management systems today. The company applies proprietary workflow tools, and robotic process automation capabilities to help clients do more with the revenue cycle.
To learn how Medical Billing Wholesalers can help your healthcare organization achieve financial success, visit https://www.medicalbillingwholesalers.com
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