Warning: These 5 Billing Mistakes can destroy your Oncology Practice

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Warning These 5 Billing Mistakes can destroy
your Oncology Practice
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Introduction

• Keeping up with tradition of the policy makers
  with regards to Oncology medical billing and
  coding altercations, healthcare payer demands and
  physician revenue, the 2016 has witnessed lots of
  changes.
• However with this evolvement, the rate of errors
  that a physicians facility or hospital billing
  department is making is creating several
  reimbursement issues.
• If one has to look for solutions,
  then outsourcing oncology medical billing and
  coding task to offshore entities,
  can sufficient leverage the problem, while
  lowering the A/R days, lessening the denials and
  most importantly accelerating the income cycle.
     

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Mistakes that can hamper the practice of
Oncologist
Error 1 Not utilizing a framework for recording
claims in a timely way Documenting claims on
the said schedules is vital. Most payers keep up
a timely filing limit, and some are as meager as
30 days from the date of service. Miss that due
date and the claim might be denied for incorrect
filing. Error 2 Lack of Knowledge on how to
read an EOB Explanation of benefits is a vital
documenting procedure that can create grave
mistakes in Oncology billing and coding. Yes,
agreed that comprehending the EOB, as to what was
paid, why it was paid, and was it paid correctly.

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Mistakes that can hamper the practice of
Oncologist
Error 3 Not reviewing aging reports
or follow-up on claims Some restorative
workplaces don't catch up on outstanding
insurance claims, and these practices can leave a
tremendous amount of cash behind. Error 4 Not
checking on clearinghouse reports On occupied
days in a charging office, it is a test to
discover an ideal opportunity to take a gander at
the clearinghouse reports, particularly when new
reports begin to gather. Error 5 Not thinking
of Oncology Billing guidelines as a serious
matter Trust us on this one, not just Oncology
Billing guidelines, but most of the physicians
and hospitals dont take their billing and coding
department as a more serious part of their round
the clock work. And this is what leads to
obligations in the reimbursement.
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Conclusion
Oncology Billing and coding is a complex process
that must be taken care of appropriately to
guarantee that an office runs productively. And
if you still are not sure with the precision
of the in-house billers, outsourcing the Oncology
billing process can be off great advantage, in
stopping the revenue leakages.
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