Optometry billing and coding is not difficult for the right person. It demands attention to detail because nothing can be misheard when processing patient statistics and everything needs to be allocated to the proper code.
You may be facing a number of challenges if you are seeking help from your old AR data and denial management practices. What is the best for your practice?
In short, Optometry billing and coding is dynamic and continues to evolve.
As a result, Optometry professionals involved in revenue cycle management often face a number of challenges that range from billing errors to failures in processes. It's vital for practitioners to look at ways to improve the practices RCM.
Challenges faced by Optometry billing and coding
Not Coding the Highest Level
Bad Documentation/Missing Documentation
Failing to Use Current/Updated Code Sets
Under- and Over coding
Failure to observe the entire claims process
Failure to have a financial policy
Strategies that aren't covered or require pre-authorization
Best Practices for Optometry Billing
Trust, but first verify:
Ensure a well-established procedure for patient's insurance verification.
Cash is king
When services are provided, payment is due. Encourage full-payments & reduce time to revenue.
Success with trials:
If at first you don't succeed, prepare now by establishing a proper checklist to follow when submitting Urology claims.
Improve AR and denials:
Every Urology practice experiences claim denials & the best performing practices have denial rates below 5%.
Efficient billing and collections is critical to the success and profitability of your Optometry practice.
Inappropriate denied claims by insurance payers creates headache, and is unfair to your practice. With MBC, we provide denial management remedy, file appeals, and fight for your claims.
MBC Expertise in Optometry
MBCs services ensure you do not miss out on potential profits due to improper billing, coding, or lack of vital information required for Optometry billing. Our expertise which comes through years of experience dealing in Optometry billing can help you avoid -
Undefined roles and unplanned responsibilities of Optometry staff/li>
Duplication of work, hampering turnaround time
Discontented customers due to inconsistent services
Situations arising from lack of information dealing with insurance clauses
Billing system that lacks in scalability and flexibility
With essential resources at our disposal, our services are packed with methodologies and strategies that have contributed in bringing a sound financial health to practitioners across US. An experience of 16+ years in billing and coding services, MBC has an edge over others in efficient billing, emerging in revenue increase for Optometry .