How Can Outsourcing Orthopedic Billing Aid In Improving Collections


Jennyvergeese1111

Uploaded on May 7, 2021

Having your orthopedic billing and coding handled by outside consultants can provide you with a much larger revenue stream while reducing costs. It often reduces the need for practices to resend claims denials or appeal claims denials, which are costly. By choosing to collaborate with 24/7 Medical Billing Services to outsource orthopedic billing services, you would be working with a highly expert team who has experience in revenue cycle management and medical billing. The team here is certified and trained in Medical Billing Software such as NextGen, Medisoft, Medic, Lytec and more. They ensure constant accounts receivable follow-up and prior authorization to prevent claim denials by introducing a friction-free billing, coding, claim submission and payment posting process.

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How Can Outsourcing Orthopedic Billing Aid In Improving Collections

HOW CAN OUTSOURCING ORTHOPEDIC BILLING AID IN IMPROVING COLLECTIONS? HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ HOW CAN OUTSOURCING ORTHOPEDIC BILLING AID IN IMPROVING COLLECTIONS? A branch of medicine that mainly deals with the Musculoskeletal system’s conditions like bones, joints, ligaments, tendons, besides muscles, is known as Orthopedic surgery or Orthopedics. These systems are pretty essential for regular movement in everyday life. The orthopedic billing mainly depends on proper documentation before, during, and after the patient’s visit. A claim is most likely to be rejected if there is an error, including incomplete patient demographics entry or improper patient’s eligibility verification. Besides that, the revenue collection can also be harassed due to authorization errors and failure of knowing the insurance preferences. Therefore, Orthopedic billing needs a deeper understanding of the services provided. Nearly 35% of orthopedic surgery claims are incorrect, out of which 25% of medical claim gets rejected. Such high denial rates can lead to compromised revenue & patient care while bHaTTnPSk://rWuWWp.2t4i7nMEgDI CyALoBIuLLIrN GoSErRtVhICEoSp.COeMd/ ic practice. HOW CAN OUTSOURCING ORTHOPEDIC BILLING AID IN IMPROVING COLLECTIONS? Some of the benefits of outsourcing orthopedic billing are as follows: • Automatically check the insurance validity of the employees • Keep the patient’s data secure • Enhance patient engagement and satisfaction • Adhere to ICD-10 and Coding Changes HTTP://WWW.247MEDICALBILLINGSERVICES.COM HOW CAN OUTSOURCING ORTHOPEDIC BILLING AID IN IMPROVING COLLECTIONS? Conclusion: Having your orthopedic billing and coding handled by outside consultants can provide you with a much larger revenue stream while reducing costs. It often reduces the need for practices to resend claims denials or appeal claims denials, which are costly. By choosing to collaborate with 24/7 Medical Billing Services to outsource orthopedic billing services, you would be working with a highly expert team who has experience in revenue cycle management and medical billing. The team here is certified and trained in Medical Billing Software such as NextGen, Medisoft, Medic, Lytec and more. They ensure constant accounts receivable follow-up and prior authorization to prevent claim denials by introducing a friction-free billing, coding, claim submission and payment posting process. HTTP://WWW.247MEDICALBILLINGSERVICES.COM HOW CAN OUTSOURCING ORTHOPEDIC BILLING AID IN IMPROVING COLLECTIONS? About 24/7 Medical Billing Services 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Media Contact: Hari Sudan, Media Relations, 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - [email protected] HTTP://WWW.247MEDICALBILLINGSERVICES.COM