2013 brought new changes to orthopaedic billing and coding, making timely reimbursements even more daunting for physicians. At a time when reduction in fee schedules and Medicare cuts have affected the financial health of orthopaedic practices, preparation for ICD-10, compliance to new technology and dealing with varied payer mix has increased billing challenges for them
Are these billing challenges eating up your revenue?
Due to time constraint and lack of skilled staff, a significant number of insurance claims get denied and are not re-submitted for appeal, disrupting the cash flow. Billing has become daunting for orthopaedic practices due to various factors including:
How can you overcome these challenges?
Physicians handling the operational and clinical procedures are left with very little time to balance between the rising billable targets, new coding, billing changes and patient care. Orthopaedic procedures are expensive and since a small error can lead to huge revenue losses, outsourcing your billing services can reap benefits for your practice.
If you outsource your billing services, your practice will have a team of experts entirely focused on managing your revenue cycle, dealing with unpaid claims, solving any billing or coding issues and offering you timely feedbacks and reports.
Billing partners such as Medicalbillersandcoders.com have an expert team that offer quality billing and coding services to orthopaedic practices across 50 states in the US. MBC not only helps orthopaedics identify billing challenges caused by healthcare reforms but also offer remedial solutions for tackling underpayments. Our aim is to help you reduce the impact of coding and billing changes on your revenue cycle. While our team of experts handle the headache of claim filing, denial management and follow-ups, you can give more time towards quality patient care.