Podiatric medicine, as we all know, is one of the most sought branches of medical science dedicated to the diagnosis, prevention, and treatment of various foot disorders resulting from diseases or injuries.
A Podiatric physician is to the foot what an ophthalmologist is to the eye and a dentist to the mouth -a specialist who has undergone lengthy, thorough study to become qualified to treat a specific part of the body.
A Doctor of Podiatric Medicine makes independent decisions and performs all necessary diagnostic tests. Also, administer medications, performs surgery, and prescribes therapy regimens.
Podiatric physicians educated in state-of-the-art techniques involving surgery, orthopedics, dermatology, physical medicine, and rehabilitation hence; require constant up-gradation to be the best in their field.
As A Practicing Podiatric Physician….
Due to the sudden increase in the quality and quantity of Podiatric medicine-related research in the past decade, the physicians practicing in Podiatric are swamped with an insurmountable volume of research related to their practice.
Being a Podiatric physician requires updating yourself on the latest trends in patient management, which keeps you up to date on the newest advances, and provides a sound basis for choosing treatment options.
And above all does the Podiatry medical billing eats most of your time? Are you too much dependent on your employee to bill for your practice? And most importantly you are losing much of money.
As a practicing Podiatric medicine and surgery, it is important to constantly improve on providing patient care. Podiatric medicine and surgery is an ever-evolving science that needs consistent up-gradation in skills, along with that we should not forget that healthcare remains prominent.
From a business viewpoint, having a hassle-free and efficiently running medical practice let the doctor focus on patient care better.
It is believed that the benchmark for collections and billing is a well-run practice of 6 to 8% of the gross income. If you are doing this efficiently, without overloading an employee you are doing all right – or you know why you are here to read ahead about upgrading the skills.
Know About The Associated Costs?
Medical Billers are the most important people you have in your practice that does your collection and billing. These are professionals who draw a decent salary, and it varies depending on the location, experience, and expertise.
Rental space is another added cost that shouldn’t be overlooked. Your biller will need a specific space to work. The rental costs depend on where you choose the space, how much is the space, etc.
Forms, postage, and statements are additional costs that we miss out on. Take a monthly survey of the number of insurance forms that you generate out of your practice as well as expenses of postage and mail them.
How Medical Billing Service Can Provide You The Peace Of Mind?
Your biller can anytime decide to leave you for an end number of reasons; maybe because of illness, a new job, retirement, shifting location, or event disagreement with you.
You are fortunate enough if you have more than 1 employee working on collections and billing. It has been witnessed that the more people working particularly in a relatively small area the more it leads to internal conflict.
When 2 or more employees are butting their heads over a vast number of possible conflicts, patient care and production are bound to suffer.
Podiatric medicine coding is an ever-evolving field. The doctor and his billers require upgrading themselves by changing in procedures and billing codes. It is necessary to keep your troubles at bay and also, and it will help you to benefit from new opportunities, your bills are error-free, and the health care service at its best.
To convey at minimum, those who are involved in billing should always include a Podiatric physician. He/she should attend at least one podiatric billing course, and read coding lines and one of the coding manuals such as billing alerts and Podiatry Medicine Coding.
Outsourcing Is the Perfect Answer
- Outsourcing your medical billing services may resolve many of your aforementioned problems. Choosing the best Podiatry medical billing company is paramount.
- Below are a few important questions that you can ask a prospective billing service that help you decide if this is the right one for your practice.
- What % of the billing services deal with podiatry medicine? Isn’t it necessary to have a service that is exclusive to podiatry medicine? How many podiatric medicine clients do you presently service?
- What is the suggested time interval between the receiving form and the time that the insurance company or patient gets a bill?
- How the medical billing service does produces encounter slips?
- What are the service fees? What do they include? Majority of the services charge between 6 to 8 % of the gross money collected.
- Does the fee include statements, stamps, and stationery?
- Is there a minimum amount for which the company will send a statement?
- What reports can medical billing and coding services generate?
- How does the Podiatric doctor access the information on every account? Is the information online available? Is it possible to download the financial information or one has to go to the service’s Web site to access the information?
- Where are the backups kept?
- Is all of the data on your office computer and does the billing service get online access to your office?
It is a known fact that Podiatric Medicine and Surgery require constant upgradation; consider the above-mentioned factors when you are approaching an outsourced medical billing company.
About MedicalBillersandCoders
We are here to share your medical billing and coding responsibilities. Together we can avoid coding mistakes and revenue loss. We are one of the prominent medical billing and coding service providers in the country. We have a dedicated team of coders equipped with knowledge of the podiatry specialty. With our podiatry coding capabilities, you can effectively focus on your patients without stress. If you are concerned about how to Avoiding Podiatry Coding Mistakes In more detail fill free to contact us, we are here to help you.
FAQs
Why is outsourcing podiatry billing services beneficial for my practice?
Outsourcing podiatry billing services helps reduce administrative burdens, improves billing accuracy, and ensures compliance with the latest coding regulations. This allows podiatry physicians to focus more on patient care while maximizing revenue and minimizing claim denials.
How do Medical Billers and Coders (MBC) ensure error-free billing for podiatry practices?
MBC employs a team of experienced coders well-versed in podiatry-specific coding and billing guidelines. We stay updated with the latest coding changes, conduct regular audits, and use advanced software to ensure accurate claim submissions and timely reimbursements.
What specific services does MBC offer for podiatry medical billing?
MBC offers comprehensive services, including claim submission, denial management, accounts receivable follow-up, compliance checks, and customized reporting. We also assist with coding updates and provide insights into improving revenue cycle management for podiatry practices.
What challenges can outsourcing podiatry billing help resolve?
Outsourcing helps resolve issues like claim denials, coding errors, high employee turnover in billing departments, and delays in reimbursements. It also reduces operational costs related to in-house billing staff and infrastructure.
How can I ensure my patient data is secure when outsourcing billing services?
MBC adheres to strict HIPAA compliance standards to ensure patient data security and confidentiality. We use encrypted systems and regularly back up data to safeguard sensitive information. Additionally, we offer online access to financial data for transparency and ease of monitoring.
