10 Quick steps to Master Cardiology Billing Services

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10 Quick steps to Master Cardiology Billing
Services

• Presented By

Medical Billers and Coders
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Cardiology billing has always been a demanding
process in the healthcare world. With more than a
million Americans, over the age of 65 and
possibly with a heart condition, becoming
eligible for Medicare inclusion in 2014
cardiology billing services become even more
crucial. Medical practitioners already have to
spend a lot of time and resource in
administrative paperwork to avoid any unwarranted
regulation infringement. With new patients
being included and coding changes being
introduced in the healthcare industry, these 10
quick steps can really help you in mastering the
cardiology billing service.
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• 1. Adapting to EMR
• The smartest and quickest step of building
  competence in cardiology billing services is
  adapting to electronic health records and
  electronic medical record practices. This would
  not only reduce the amount of time and resource
  that your invest in managing medical records but
  will also will also enhance your cardiology
  billing productivity.
• 2. Using ICD 9 and ICD 10 Codes -To enhance your
  cardiology billing services, therefore, you can
  install ICD 9 and ICD 10 codes in your system for
  real time code update and correct code selection
  for services rendered.

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• 3. Mandating Pre-authorization
• Many cardiology practitioners lose out on their
  claim settlements by failing to comply with
  pre-authorization requirements of insurers. By
  making the pre-authorization step mandatory for
  the billing process at the time of in-patient,
  you can dramatically improve your cardiology
  billing.
• 4. Applying Fee-for-value billing
• Fee for value or Pay-for-performance service
  model is readily being accepted in the healthcare
  industry and insurance carriers as well as
  customers have come to expect promised results
  instead of just procedures to be delivered.
  Learning pay-for-performance billing practices
  can thus make you a master of cardiology billing
  services in the most progressive manner.

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• 5. Adhering to HIPAA guidelines To safeguard
  and protect your patient data at the time of data
  storage and data transfer, compliance with HIPAA
  guidelines is absolutely essential. This is a
  pre-requisite to mastering cardiology billing
  services.
• 6. Adopting form 1500 The new form 1500 for
  diagnosis and medical record will have 12
  diagnoses in its 21st block. As a cardiology
  billing practitioner, you are required to know
  the differences between the old and new form and
  how to transition into usage of new form.

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• 7. Applying Revenue cycle management RCM
  Revenue cycle management for your cardiology
  billing can greatly improve the overall
  performance and profitability of your cardiology
  practice. All you have to do is monitor your
  payers mix, your accounts receivables and your
  claim settlement ratio.
• 8. Conducting audit checks Cardiology billing
  is highly susceptible to the risk of medical
  audits given patient complains, high rate of
  claim denial or even singular incidents that can
  prove financially devastating for a cardiology
  practice. Therefore, to master cardiology
  billing, you must conduct medical audit checks at
  regular intervals.

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• 9. Improving turn-around-time Improve the
  billing and documentation processing time taken
  by your cardiology practice to revert on claim
  related issues. This can in turn improve the
  overall financial health of your cardiology
  practice.
• 10. Appeal for denied claims Lastly, with RCM
  and improved TAT of claims, you must also appeal
  for denial claims to improve your claim
  settlement ratio.

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Get Help Right Now 888 357 3226 (Toll Free)
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About Medical Billers and Coders

• Medicalbillersandcoders.com is a cardiology
  billing service provider that can equip your
  cardiology practice with these smart steps for
  efficient cardiology billing. With our teams of
  cardiologists and billing experts available 247
  to offer service and advice, we provide a
  comprehensive cardiology billing solution to your
  practice.

www.medicalbillersandcoders.com
Get Help Right Now 888 357 3226 (Toll Free)
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