Components & Challenges in Sports Medicine Billing
Sports medicine faces the same indifference from insurance authorities in the US as sports in general do from us: that they are important but not indispensible. This indifference has denied sports medicine the distinction of a specialty across the US.
Sports physicians aren’t educationally distinct from family physicians in a substantial way and a family physician can become a sports physician by applying for a dual credential with insurance authorities. However, when family physicians apply for dual credential, they are denied on the basis that family medical practice and sports medical practice are different disciplines and one can’t become the other or both.
To address these two challenges, now sports medicine is mostly practiced via managed care services to facilitate association with local insurance bodies to help reimbursement of claims. But, managed care service involves assigning a physician to each care recipient, making it necessary, for successful reimbursement, to establish that a treatment was carried out upon the referral of the assigned physician. It also necessitates accurate documentation of all medical and nonmedical details required and familiarity of care providers with resulting complexities of managed care services.
MBC’s Medical Billing Specialist Provide Value Added Services:
With a vast experience in medical billing and coding, our Georgia medical billers accommodate physician’s individual needs and provide value-added services. They have more than 10 years of medical billing experience and have provided back-office operations like billing and collections to physicians in major cities like Atlanta, Augusta, Columbus, Savannah and Athens and also are updated with the ever-changing rules and regulations in billing. They have proven their expertise in billing functions like:
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Electronic and paper claims submission
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Follow up on denied claims
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Usage of CPT, ICD-9 and HCPCS codes
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Tailor made monthly financial report
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Accounts receivables management
Comprehensive Medical Billing Services in Georgia
Medical Billers and Coders (MBC) provides expert medical billing services in Georgia, ensuring efficient revenue cycle management for healthcare providers in cities like Atlanta, Augusta, Columbus, Savannah, and Athens. MBC has over 25 years of experience and our skilled medical billers and coders specialize in handling complex billing scenarios, significantly reducing denied claims and improving cash flow.
- Electronic and paper claims submission
- Comprehensive accounts receivable management
- Follow-up on denied claims to recover revenue
- Accurate usage of CPT, ICD-10, and HCPCS codes
- Customized monthly financial reports
Our Medical Billing Specialists from Georgia can Enhance Your Practice Financially
Our Medical coding specialists are aligned with Georgia’s state regulations and federal guidelines, ensuring compliance and optimal revenue collection. We have a commitment to accuracy and provide detailed code audits, consistent insurance follow-ups, and the ability to increase collections significantly.
Our expertise in various billing software ensures smooth integration into your practice, while our HIPAA-compliant processes safeguard patient data. We navigate the complexities of healthcare billing, including rejected claims and past-due accounts. Our professionals enable physicians to focus on patient care while achieving higher profitability and steady growth.
In addition to the above hurdles, sports medicine reimbursement is also subject to all the insurance regulations that apply to other specialties. This causes care providers involved in sports medicine left to negotiate with mounting ARs and losses. Care providers are not in a position to handle this effectively as it requires handling intricate medical and regulatory details, filing claims and following them up for timely reimbursements – things that are outside their area of competency and can be best dealt with if left to experienced billing and coding houses.
Outsourcing to MBC:
MBC, the largest billing and coding consortium in the US, has helped care providers involved in sports medicine reduce their mounting account receivables through accurate handling of details, submission and rigorous follow-ups with insurance officials, ensuring timely reimbursements. MBC’s billing and coding professionals are not just familiar with intricacies of regulatory and medical details but also have sound knowledge of state-specific exceptions which helps them account for the fact that few regulations to an extent may not be uniform across all 50 states of the US.
Our flexible billing and coding service models ensure that they can be adopted by any care provider regardless of size, scale and nature of operations:
Through our Revenue Management Consulting (RCM) service model we can prune your in-house operations stripping out dated and time-consuming procedures and software applications and guide in replacing them with ones that will help you handle the entire billing and coding process with ease and ensure compliance.
However, if you are an independent sports physician and think a setup will only restrict your mobility and access and bring down the fluidity of your operations or you just don’t need in-house billers and coders, our outsourced billing and coding services will work well for you, where you will be able to completely ship out billing and coding responsibilities to us and solely concentrate on your practice as we help you to keep up the inflow of your revenues.
With a network spanning across 50 states in the US, we have helped countless care providers to improve their profitability through accurate preparation, submission and timely reimbursement of claims.
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