How can Streamlined Cardiology Billing Change your Decision to Sell your Private Practice?

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Medical Billers and Coders
How Can Streamlined Cardiology Billing Change
Your Decision To Sell Your Private Practice?
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Uncertainty over healthcare reforms, rising
costs, and failing payer reimbursement are some
of the factors due to which cardiologists are
selling their private practice to hospitals.
Extensive coverage of billing and coding for
cardiology specialties like General Clinical,
Interventional, Nuclear Specialty, Heart Failure,
Transplant, and surgery has been pivotal.
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• According to the US Physician and Payer Forum
  report of 2013, approximately 18 of
  cardiologists at independent practices
  anticipated that they will be owned by a hospital
  by 2014
• As per Med Axioms 2013 Annual Integration
  Report, 53 of cardiology groups were fully
  integrated with a hospital, an increase from 32
  in 2011. This percentage included sold as well as
  leased practices
• According to a survey in 2012 by Merritt Hawkins,
  the medical industry might see 75 of the
  nations physicians employed by hospitals in 2014
• Not just financial concerns but new regulations,
  shortage of skilled doctors and pay-for-quality
  initiatives are growing pressure on cardiology
  practices. While some providers are selling their
  practice willingly for financial benefits, others
  are being forced to sell their business as
  running a private cardiology practice has become
  difficult.

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Is Your Cardiology Billing Streamlined? Financial
pressure is increasing on cardiologists and
matters can get worse if more money is lost due
to cardiology billing errors. Cardiology coding
is highly complex, therefore it is very important
to ensure timely, error-free claim submission in
order to maintain a steady cash flow. If you are
also planning to sell your cardiology practice
due to financial issues, a streamlined billing
procedure can help strengthen the financial
health of your business and get you back on track.
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• How To Streamline Your Cardiology Billing
  Procedure?
• You will have to hire experienced coders and
  billers who have sufficient knowledge of unique
  terminologies and who can code interventional
  procedures accurately
• If you have an in-house billing department you
  will have to conduct training sessions in order
  to prepare them for changes in cardiology coding
  and billing regulations
• They will also have to be trained on how to
  appeal delayed or denied claims or else your
  practice will lose more money
• With the implementation of HIPAA-5010, coders and
  billers will have to be trained in carrying out
  HIPAA-compliant medical billing

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• Considering the pressure caused by healthcare
  reforms and lack of skilled staff, cardiology
  practices are finding it difficult to concentrate
  on billing requirements. In such cases, hiring a
  billing company seems to be a practical decision
  as it will help providers sail through
  reimbursement challenges and strengthen the
  financial health of their practice.
• A reputed billing company will offer a team of
  well-trained, professional coders and billers
  certified in ICD-10 coding
• You will be able to enjoy a quick turnaround
• The billing partner will offer a 99 accuracy
  rate, ensuring faster payment with a reduced
  denial rate
• Your practice will also get 24/7 customer support

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Medicalbillersandcoders.com is one such reputed
billing company that has been helping providers,
including cardiologists sail through billing
challenges. MBC has an expert team of certified
coders and billers who handle RCM of cardiology
practices and ensure timely reimbursements. The
team works with the aim to streamline billing
procedures, maximize revenue and minimize claim
denials, offering sufficient time to
cardiologists for patient care.
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• Get in Touch
• Medical Billers and Coders

Email info_at_medicalbillersandcoders.com Toll
Free no 888-357-3226