Why most healthcare facilities are opting for medical billing services?
Changing healthcare reforms by the government to eventually improve the quality of healthcare is currently causing havoc to various healthcare practitioners' revenue management with new challenges like - increase in denials and operating costs, reduced reimbursements, reduced amount of time spent on patient care due to increased administrative tasks and more intricate coding.
With various medical reforms to be effective very soon like the Affordable Care Organization Concept, the Sustainable Growth Rate (SGR), the mandatory transition to exhaustive ICD-10 and HIPAA 5010 medical coding and reporting compliance, the revised ABN (Advanced Beneficiary Notice of Non-coverage), Form CMS-R-131 and so on – An experienced billing service will definitely help provide your healthcare practice a competitive edge!
