New York Physicians prefer Outsourcing OB Gyn Billing
The US is ranked 60th in the world for maternal mortality, which is associated with chronic conditions that affect women of reproductive age and common obstetric complications. Moreover, maternal morbidities are even more prevalent given the ever-increasing obesity, hypertensive disorders, and diabetes among women of reproductive age. Outsourcing OB-GYN Billing can help manage these complexities by ensuring accurate coding and timely reimbursements, allowing healthcare providers to focus on improving maternal health outcomes.
New York, a city of teeming millions and a melting pot of cultures, offers a fast-paced life that is taking its toll on the health of all, especially women. Further, fast-paced lives also witness domestic sexual violence, sexually transmitted diseases, early pregnancies, and a host of complicated health-related problems. It is a known fact that Obstetricians are the most sued doctors in the USA, after neurosurgeons. According to the National Assoc. of Insurance Commissioners, obstetricians are sued ten times more than all physicians, while the National Justify for Health Statistics estimates the rate at 2.4 times.
Moreover, the challenging and stringent regulatory measures about billing, faced with cuts in reimbursement from insurance companies and new specialties, further add more procedures and all-cause time restraints on OB/GYN on getting claims filed fast. The Obstetrics and Gynecology (ob-gyn) cover services that require vast amounts of paperwork for filing claims, and thus, it is no wonder that ob-gyn services have started to outsource their billing services, particularly in New York.
Aside from the above facts, women have also been known to pay a higher health insurance premium, but with Obamacare reforms coming in, this, too, will change. It should be noted that women usually have two primary care doctors, unlike men who have just one physician – the primary care doctor and the obstetrician-gynecologist now require a referral under current systems. Moreover, the plans now cover primary or preventive services, and most states’ Medicaid services will cover this, too.
To sum up, the reasons why outsourcing ob-gyn billing and coding services in New York is highly rated:
- Complicated healthcare procedures and rigid regulatory measures leave little time to concentrate on core practice
- Fear of lawsuits and litigations – fear of litigation and lawsuits pushes for increasing the use of cesarean section as the risk involves two parties, mother and baby
High insurance premiums or unavailability – no time to check under which category and hence wrongly filed claims can be costly to the ob-gyn. Also, adolescent pregnancies/deliveries, as New York allows its minors to give their consent to healthcare providers involving such sensitive needs as contraception, pregnancy, Sexually transmitted diseases, and mental health.
Although previous investigations as far back as 1989, indicated that there was no significant relation between ob/gyn malpractice premiums or hospital claims payments and patient’s likelihood of delivering by VBAC in the state of New York, yet as a precautionary measure, ob/gyns practicing in New York find it safer than take the risk when it comes to billing issues and reimbursement claims. Better safe than sorry!
Contact us at info@medicalbillersandcoders.com or 888-357-3226, a top-performing OB-GYN Billing firm, if your Google search for “OB-GYN Medical Billing near me” yields disappointing results. We simplify procedures to maximize compensation, enabling you to concentrate on delivering high-quality patient treatment. We specialize in medical billing for OB-GYN professionals.
FAQs
- Why do New York physicians outsource OB-GYN billing?
- Outsourcing helps reduce administrative burdens, allowing physicians to focus more on patient care.
- How does outsourcing improve billing accuracy for OB-GYN practices?
- Professional billing companies have expertise in coding and regulations, reducing errors and claim denials.
- What financial benefits do OB-GYN practices gain from outsourcing billing?
- Outsourcing can increase revenue through more efficient billing processes and timely reimbursements.
- Can outsourcing OB-GYN billing help with compliance issues?
- Yes, billing companies stay updated with the latest regulations, ensuring compliance and reducing legal risks.
- How do medical billers and coders support OB-GYN practices?
- We handle all billing tasks, from claim submissions to follow-ups, improving cash flow and allowing physicians to concentrate on patient care.
