Awareness about foot-care is slowly improving and people have started recognizing the importance of consulting a specialist instead of their primary care provider. Increasing public awareness coupled with better subsidies and healthcare reforms can dramatically increase demand for podiatry services in the years to come. However, Podiatrists may not be prepared to face and overcome the unique challenges that podiatry billing has to face, given the rise in patient walk in.
Podiatry Billing is a very specialized field of medical billing and comes with its very own set of challenges. Without in-depth knowledge of podiatry and extensive experience in podiatry billing, general billing service providers or even in-house specialists can’t attempt to maximize revenue. On an average, with rising costs and billing challenges, Podiatrists lose about 20% of their potential revenue every year. Inefficient billing practices and lack of a well coordinated RCM process can cost podiatrists more than just a few denied claims. Two major billing challenges faced by Podiatrists are–
The only way to effectively overcome these challenges is by resorting to proficient Revenue Cycle Management, specific to Podiatry. Paying attention to key parameters of the RCM can enhance the productivity of the process as well as add to the value offered by podiatric care providers.
There are too many aspects of podiatry billing which can’t be ignored if one wishes to maximize revenues. Instead of wasting precious patient care time on administrative activities, podiatrists can rely on medicalbillersandcoders.com for comprehensive RCM solutions. With expert billers and years of experience in specialty billing, medicalbillersandcoders.com can help you overcome all billing challenges specific to podiatry billing. As a result you can not only strengthen your bottom line but offer better services to your patients too.