Radiology Billing and Coding Best Practices
When clinicians handle the billing themselves, they spend considerable time, money, and effort on administrative tasks rather than doing what they do best-providing outstanding medical care. Trained and specialized Radiology Billing specialists understand the changing rules and regulations for specialties and the nuances of payer-specific guidelines in their respective regions.
ICD-10 regulations necessitate knowledge of both procedural and diagnosis codes. As radiology assists other specialties in delivering care, understanding radiology-specific rules and the specialty the procedure supports is essential. Radiology comprises X-Ray, Fluoroscopy, MRI (Magnetic Resonance Imaging), Nuclear medicine, and Computed Tomography. This article discusses critical issues in Radiology Billing and the best practices to overcome these challenges.
Challenges of Radiology Billing and Coding
Avoid Backlogs; Stay Current on your billing
As radiologists operate from health systems and radiology clinics, many of them are constantly juggle with multiple patient care priorities. If you add the administrative tasks of billing to their list of responsibilities, often, they will not be able to cope, leading to piled-up billing tasks and delayed reimbursements.
By turning to specialized billing companies like MBW, they can stay current on billing and achieve better financial outcomes while significantly reducing the total costs to manage the billing processes. These days reimbursement rates are declining, and employee costs are spiraling up; radiology clinics and health systems are facing a struggle to achieve and sustain profitability. We can help. With a robust global delivery model and specific expertise in radiology billing, you can trust Medical Billing Wholesalers to improve your financial performance.
Workflow and Process Automation for Revenue Cycle
Revenue cycle processes are administrative, and operations managers should focus on extracting as much value as possible. As labor costs rise globally, operations managers have shifted focus to automation. Workflow tools that lead revenue cycle team members on a tight swim lane and help them improve productivity are seeing increasing adoption. Additionally, workflow tools facilitate better collaboration and reduce the workload on globally distributed teams. As remote work becomes the new normal, workflow tools empower RCM operations managers to do more with less.
Standardized your Super Bills in Radiology
Most radiology clinics tend to utilize superbills for presenting the information. By ensuring all relevant information is available to radiology coders, you can avoid claims. Medical billing is becoming more specialized, and so is the revenue cycle software. Specialty-specific RCM software is becoming quite the norm in most specialties. SaaS-based platforms are the best way to host radiology charts and provide financial information on demand to radiologists. Choosing the right software platform for radiology billing and coding can help you reduce documentation burden and improve care coordination.
Top CPT Codes for Radiology Procedures
Provide a ready-reckoner guide of CPT codes to your radiology billing and coding team. To view the list of specific CPT codes required for Radiology Coding and to read the entire article you can download the PDF by filling the form alongside to download the entire article for FREE!
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