{"id":3845,"date":"2014-02-24T10:11:45","date_gmt":"2014-02-24T10:11:45","guid":{"rendered":"http:\/\/www.medicalbillersandcoders.com\/blog\/?p=3845"},"modified":"2026-01-22T08:34:00","modified_gmt":"2026-01-22T08:34:00","slug":"orthopaedists-hiring-a-medical-billing-service-to-sail-through-rising-expenses","status":"publish","type":"post","link":"https:\/\/www.medicalbillersandcoders.com\/blog\/orthopaedists-hiring-a-medical-billing-service-to-sail-through-rising-expenses\/","title":{"rendered":"Orthopaedists Hiring a Medical Billing Service to Sail through Rising Expenses"},"content":{"rendered":"

Rising expenses amidst reimbursement cuts is one of the biggest challenges faced by orthopaedists in today\u2019s time. It has not only affected the financial health of practices but it might also lead to restricted care for some patients in the future.<\/p>\r\n

Billing issues:<\/h2>\r\n

Decline in reimbursement has affected orthopaedic surgeons and healthcare providers across the US. Timely billing has become a challenge since new medical billing and coding<\/a> changes were introduced for orthopaedics in 2013.<\/p>\r\n

In order to ensure that billing issues don\u2019t reduce their payments further, orthopaedic practices are being compelled to invest money on hiring and training a team of skilled billers and coders who will ensure that the practice gets paid for all the services on time<\/p>\r\n

Compliance with the latest health IT:<\/h2>\r\n

Amidst Medicare cuts and reduced fee schedules, orthopaedic practices are being required to comply with latest health IT standards to conduct operational functions. This has also increased pressure on practices as implementation of required technology can be quite expensive<\/p>\r\n

Recruitment of clinical and business staff:<\/h2>\r\n

In order to give an edge to your practice and offer excellent care and services to patients, recruitment of skilled and certified clinical and business office staff has become vital. This is also an area where orthopaedic practices will have to spend money for hiring and training<\/p>\r\n

How can a billing partner help save your practice?<\/h2>\r\n

Apart from Medicare cuts, orthopaedic practices are also facing reimbursement cuts in the form of 10-15% insurance underpayments. Since these services are expensive, even 1% underpayment can result in significant revenue loss. In order to ensure that silly billing and coding errors don\u2019t lead to payment cuts, many practices are seeking help from a billing company to streamline their billing procedure.<\/p>\r\n

Orthopaedic practices can reap various other benefits through outsourcing such as:<\/strong><\/p>\r\n