It is quite usual for a patient to visit an optometrist’s office with a thorough understanding of the insurance coverage he or she possesses. The optometrist’s staff should also understand and be good at reading the patient’s illnesses while comparing them with the various diagnosis codes. This helps them decide on whether to bill under […]
As per the last US Census Bureau report, almost 84% of the country’s population is covered under health insurance, and thanks to the Affordable Care Act, this number is growing rapidly. Hence it is important for optometrists to be credentialed with a good number of insurance firms as it adds to the revenue. However, credentialing […]
Revenues accrued out of optometric billing of patients covered by medical insurance are more than those realized by billing the ones covered by vision insurance. The reason is quite simple, there are more patients covered by medical insurance than by vision insurance. Moreover, when it comes to reimbursements, the amount realized from medical insurance is […]
Rules for Medicare & Medicaid Optometry may differ with states and it is beneficial to know the differences. Although Medicare and Medicaid optometry sounds almost the same, they are quite different from each other. Medicare is meant for seniors who have crossed the age of 65, though younger people with certain disabilities are eligible as […]
Getting credentialed with the right insurance panels is key to growing your practice revenue. However, Credentialing for Optometry Practices can be a daunting task. Are you aware that a Medicare application is a minimum of 30 pages for a solo provider and may surpass 50+ pages if you are a corporation or group practice? Even […]
Optometry includes curing vision-related problems, fitting lenses, diagnosing and treating certain ailments of the eye, sight testing, and correction by the initiation of diagnosis, treatment, and the supervision of vision changes. Having its own set of issues with billing and reimbursement, Optometry must focus on receiving the entire payment for the treatment provided. Rules for […]
Everyone seems to be waiting with bated breath for October 1, when finally the ICD-10 will be implemented. With over 68,000 codes, all the specialties will have their financial, clinical, and functioning productivity affected. Optometry too will face revenue loss if claims are not filled in accurately or follow-ups are not done correctly. Optometry especially […]
Let us begin our discussion with a question. Do ophthalmologists need an Optometry Medical Billing and Coding partner? The answer is absolute YES!!! In this day and age of high turnovers, it becomes very difficult for doctors to manage the bill when the footfall at their clinics or hospitals increases. Optometry Medical Billing partners are […]
Maintaining accuracy in documentation is extremely important for optometry billing. This is not only required for error-free coding, billing, claim submission and follow-ups with insurance companies but also for avoiding malpractice lawsuits. Insufficient and inaccurate documentation have cost medical practices millions of dollars. Rate of errors may have dropped for optometry practices but even a […]
Cost accounting is extremely important for medical practices because without knowing the costs it becomes difficult to assess the profit generated by a particular service. It is not enough to be concerned only with overall profit. Providers should also know how much profit is coming from ancillary services, hospital work, office visits and so on. […]
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