Ambulatory Surgical Centers Billing Services Tennessee, TN
Ambulatory Surgical Centers (ASCs) play a vital role in providing same day surgical care; however, the changing landscape of the US healthcare industry has cropped up various challenges for this industry. These centers are not only struggling with fluctuating reimbursement rates but physicians’ shift towards hospital employment and pressure to provide cost-effective care has also increased their woes. The number of ASC facilities in the US has remained static for the last few years as many such centers are closing down or merging with hospitals due to revenue issues.
ASC Key Statistics
According to RemitDATA, denials are causing financial pressure on ASCs with New York being the top state with highest denial rates (37%) for such surgery centers. Georgia comes second (27%) and Kentucky is on the third spot (22%)
According to HealthCare Appraisers 2013 ASC Valuation Survey, during 2012-2013, around 54% ASC management companies witnessed an increase in acquisition activities
According to a Provista Report of ASC Survey Findings, reimbursement is the biggest challenge faced by ambulatory surgical centers
Our Tennessee medical billers and coders have been helping local healthcare professional in and around the state for many years now. They all seem to have collected their knowledge with years of practice of dealing with local payers.
They work towards eliminating your outstanding accounts receivables and make your reimbursement process seamless. They have been catering to major Tennessee cities like Memphis, Nashville, Knoxville, Chattanooga and Clarkesville and are willing to travel to your clinic anywhere in Tennessee.
These proficient billers provide customized services to meet the requirement of your practices. Some of the services our professional medical billers can help you with:
Accurate and prompt verification of benefits
Complete charge entry for claims
Posting Payment regularly
Electronic Claims transmitted through carriers or clearing house
Thorough audit before transmitting claims
Over the last few years gross charges denied have grown to 18%, based on estimation for US healthcare providers. This has made the physicians from Tennessee worry about denial ratio.
Consulting professionals or expert medical billers and coders to understand the major reasons for denials works well with busy physicians. Our Billers can consult with you for your accounts receivables and insurance follow-up by being an extension for your practice. Moreover they are also proficient in medical terminology, disease processes, anatomy and physiology, life cycle of an insurance claim, health care settings, health care payers, procedure and diagnosis coding from medical records, reimbursement systems, surgical procedures, facility billing, and medical practice management systems.
Value Our Tennessee Billers Bring:
Our medical billers and coders are experienced in insurance collections which can be a tedious job for someone who lacks experience in this area. They also understand how critical timely insurance collections are for the physician as well as the patient. By using EMR that is efficient our medical billers and coders are quick in patient statement processing which can be an increasing burden due to the rising demand for medical services. Our medical coders and billers at medicalbillersandcoders.com also have solid relationships with key insurance companies across the nation and state so that any delays or errors can be avoided when dealing with insurance matters such as claims denial and in revenue cycle management.
Billing and coding services provided by our billers and coders are a mix of specialized professionals with wide ranging skills such as insurance collections, patient statements processing, claims management, fee schedules evaluation, and the ability to establish effective relationships with patients and insurance companies and expertise with patient accounting software. With in-depth knowledge of the medical billing and coding and compliance of HIPAA guidelines, it would become easier for you to ensure that revenue and quality of patient services is not affected due to errors in medical coding and billing.
Their skills with Insurance eligibility verification and account receivables follow up, is the main reason for many Tennessee clinics to experience a growth of 20% in revenues with their Medical billing services.
Our Specialties :
Our billers and coders are specialized in various areas such as Optometry, Family Practice, chiropractic, OB Gyn, Physical Therapy, oncology, Pediatrics, urology, and Hospitalist Billing. All the medical billers and coders at medicalbillersandcoders.com are familiar with ICD9 and CPT Coding which make them preferable choices for physicians. Many of our medical billers and coders provide value added services to offer through specialized services like evaluating fee schedules, helping you prepare online super bills and diagnosing major reasons for denials.
Our Software Experience :
With the implementation of efficient EMR software our medical billers and coders ensure a paperless, time saving, and efficient medical billing system. The EMR software which they are already trained on include Medisoft, Misys Tiger, Eclinicalworks,Advance MD, GE Centricity, and Altapoint. Using these software would not only save time but also assist you in handling the increase in demand for your services as a health care provider. The Practice Management software that we provide in addition to the value added services mentioned above ensures that physicians in Tennessee are able to keep up with the healthcare IT sector reforms and improvements.
Problems Tennessee Physicians Face :
Physician shortage is a huge problem in Tennessee and increasing number of patients in the near future would mean requirement of experienced and skilled medical billers and coders. Moreover, lesser claim denials may be expected due to the health reform which makes it imperative that you have a flawless and professional team of medical billers and coders. Our expert medical billers and coders ensure quality revenue cycle management service across almost all the counties and cities in Tennessee and not just big cities such as Memphis, Nashville, Knoxville, Chattanooga and Clarkesville.
It has become important for ACSs to meet the competition from hospitals that are equipped with the latest tools and systems for quality care provision. They are under pressure to meet patient and physician demands, while struggling with financial and administrative challenges on a day-to-day basis.
Our expert team of coders and billers have been assisting ASCs across all 50 states in the US survive challenges brought in by healthcare reforms. With our 15+ years of experience in the medical billing domain, we have helped such centers combat top five challenges:
Getting maximum payment from insurance companies
Compliance with Healthcare Reforms
Accounts Receivable Recovery
Our billing professionals not only specialize in ASC coding and billing but also incorporate the knowledge throughout the process for offering end-to-end solutions. They are adept at handling the following services for ambulatory surgical centers:
Tracking deductibles, co-payments and fee schedules
Error-free coding and code audit checks
Generation of patient statements
Reducing denials through effective denial management solutions
Offering custom reports to helps ASCs identify reasons
With our proven ASC medical billing services, many surgical centers across the country have overcome denials and underpayments. From error-free claims submission and rigorous follow-ups to denial management, appeals and compliance to HIPAA and other reforms, our billing professionals offer comprehensive solutions. Our coders are updated with the latest changes in ASC coding and make use of the latest software to deliver quality solutions.
Why is MBC the Best Choice for ASC Billing?
We take pride in our team of billing experts who are well-versed in revenue challenges concerning ASCs. Our expertise in ASC billing helps us deliver top quality services in the industry. We have ASC -specialized coders with certification from the AAPC (American Association of Professional Coders) who ensure error-free application of codes for maximum revenue. Our company has well-trained AR callers who work vigorously to procure maximum payments from insurance companies. Our 24/7 best-in-class customer services helps us ensure high standards of client satisfaction.
Helping ASCs Save More and Spend Less
ASCs avail our end-to-end billing and RCM solutions to ensure a steady flow of income, streamline revenue cycle and enhanced workflow. Our team of billing experts brings them maximum revenue for rendered services, enabling them to invest in latest equipment, tools and systems for procedures such as endoscopy. MBC’s comprehensive billing and coding solutions help such centers reduce the impact of ageing population on the demand for surgical procedures.
We understand the importance of ASCs in mitigating the impact of aging population on shortage of surgery workforce. By maximizing revenue and minimizing claim Denials, we help ASCs retain their autonomy and keep working they way they must.