Innovate your optometry practices with advanced revenue cycle management (RCM) strategies. As the world adapts to these advanced approaches, specializing in eye care and vision health poses unique challenges. Our advanced optometry billing, focused on maximizing financial health and operational efficiency, offers an enhanced version for a thriving future. Revenue cycle optimization is a process […]
Optimizing Revenue Cycle Management for Optometry Practices in 2024
Read More.. Optimizing Revenue Cycle Management for Optometry Practices in 2024
Unlocking Success in Optometry Revenue Cycle Management
In the ever-evolving landscape of healthcare, optometrists play a crucial role in ensuring the visual health and well-being of their patients. While providing top-notch eye care is paramount, the financial aspect of running an optometry practice cannot be overlooked. To thrive in today’s competitive healthcare market, optometrists must master the art of revenue cycle management […]
Understanding Cataract Co-Management Billing
Billing and coding for cataract co-management can be tricky. It’s important that all parties involved should get accurately reimbursed for their time and expertise. To explain cataract co-management billing, we discussed everything starting from defining co-management; the relationship between involved parties; required forms to be filled; CPT codes and modifiers; and key boxes in the […]
Improve Ophthalmology Collections In Spite of Medicare Payment Cuts
Proposed Medicare Payment Cuts Centers for Medicare and Medicaid Services (CMS) proposed 2022 Medicare Physician Fee Schedule and Quality Payment Program rules and included a 3.75 percent reduction in the conversion factor used to calculate payments to physicians. The cuts are the result of a reduction that is necessary to keep Medicare payments budget neutral. […]
HIPAA Compliant Ophthalmology Medical Billing Services
Basics of HIPAA Medical Billers and Coders (MBC) being a leading medical billing company manages all revenue cycle management activities in HIPAA compliant way. In this article, we shared the basics of HIPAA compliance, and how selecting HIPAA-compliant ophthalmology medical billing services can help to receive accurate insurance reimbursements while reducing the chances of payer […]
Understand Ophthalmological Diagnostic Testing
CPT manual section ‘Special Ophthalmological Services’ describes diagnostic tests that go beyond eye exams. These tests may be reported in addition to the general ophthalmological services or evaluation and management services. Diagnostic tests are usually reimbursed separately by most payers. Documentation of diagnostic tests should clearly mention why the physician ordered a diagnostic test and […]
How to Increase Your Optometry Practice Collection?
Improving collections is an essential strategy for revenue growth. A healthy bottom line translates to a healthier financial trajectory for your eye care business. Follow these Optometry Practice Collection tips to help your business thrive. An optometry practice shares the same end goal as other small businesses i.e., you want to thrive. A thriving business […]
Medicare billing for Cataract Post-Op Co-Management
Co-management compliance is tracking down by the U.S. Department of Health and Human Services OIG (Office of Inspector General). You should manage the patient’s transfer of care correctly as well as it must be medically acceptable (determination is made by the surgeon and the patient). Transfer of care is defined as a transfer of responsibility […]
Improve Optometry Medical Billing Collections
An optometry practice has also the same agenda as other small businesses – you want to succeed. To achieve success in business is one that focuses on growing revenue while providing excellent experiences to their customers. Here, customers are patients. Improving optometry medical billing collections is a vital strategy to achieve financial stability. Suggestions to […]
How to Credential Your Practice with Vision Plan?
You just graduated from a school of optometry and decided on your practice location. If you Vision plan on examining patients who wish to use their vision and medical insurance, you must be an ‘in-network provider’ with that insurance company. According to the US Census Bureau, over 83 percent of the US population has health […]