Wound care billing entails medical records to support each of the coverage requirements. While billing for rendered wound care services, it is vital to review the patient’s medical record and understand what services were actually provided to the patient. Considering all the reimbursement deductions over the last few years, wound care centers need to bill for every service they perform.
With the changing healthcare landscape large numbers of Wound Care centers are shifting from private practices to hospitals hence changing their billing needs as well. As is the case with any other specialty, wound care too calls for attention to detail and correct knowledge of codes to be used. With the introduction of new healthcare reforms of which the Affordable Care Act (ACA), popularly known as Obamacare is one which has brought a lot of changes, many wound care practices have seen a downward trend and stringent regulations have contributed in higher rate of denials. Further, the ICD-10 coding has brought its burden. However, there are ways in which denials can be evaded so that your practice can experience a smooth flow of revenue.
It is an established fact that denials are inevitable but they have ways to work around them so as to avoid them and subsequently reducing financial losses.