How to overcome SNF billing challenges and boost revenue?

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How to overcome SNF billing challengesand boost
revenue?
Skilled nursing facilities need efficient
billing practices in order to get timely
payments. Be it in-house or outsourced, they
need a skilled team of billers and coders who
will focus on submitting denial free claims and
work towards ensuring a subsequent increase in
revenue.
24/7 Medical Billing Services, Phone 1
888-502-0537, www.247medicalbillingservices.com 2
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• There are various intricacies involved in the
  billing process of
• skilled nursing facilities. If the billers and
  coders are not experienced, then it will impact
  the bottom line of the practice. In order to
  experience uninterrupted cash flow and reduce
  denials, it is important to understand the
  common SNF
• billing challenges and ways to overcome them
• Inaccuracy of codes is one of the most common
  challenges due to which most skilled nursing
  facilities claims get rejected by payers.
• At times, billers and coders have insufficient
  knowledge about the items that are covered by
  Medicare A and B and this leads to reduced or
  delayed payments.
• Skilled nursing facilities usually operate on
  thin margins in the face of inadequate Medicaid
  reimbursement. At the same
• time, they also have to contend with a decline
  in private-pay population numbers.
• Most skilled nursing facilities bill Medicare
  Part A and B but there are some that operate
  under state-specific Medicaid

24/7 Medical Billing Services, Phone 1
888-502-0537, www.247medicalbillingservices.com 3
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ambit. Since each state in the US has its own
Medicaid program, skilled nursing facilities have
to invariably bill under their state-specific
Medicaid rules. This region-specific compliance
also impacts billing to a great extent.
Boosting Revenue with a Medical Billing
Partner Outsourcing of medical billing and coding
services is one of the most effective ways
for skilled nursing facilities to overcome the
above-mentioned challenges. By letting a
reliable third party handle this task,
facilities can improve revenue by reducing claim
rejection. They will also get ample time to
focus on offering quality nursing services. A
reputed medical billing company works with
professionals who have extensive knowledge of
billing and coding intricacies for skilled
nursing facilities. They take care of everything
from identification of patient eligibility for
reimbursement to separation
24/7 Medical Billing Services, Phone 1
888-502-0537, www.247medicalbillingservices.com 4
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of items covered under Medicare A and B in an
accurate manner. Besides helping facilities get
timely payments, medical billing companies also
conduct a thorough study of their revenue cycle
for spotting areas that are responsible for
revenue leakage. They take necessary measures to
reduce outdated processes in order to help the
facilities function in a streamlined manner.
Contact Us 24/7 Medical Billing Services, 16192
Coastal Hwy, Lewes, DE 19958, USA Phone - 1
888-502-0537 Email - info_at_247medicalbillingservic
es.com
24/7 Medical Billing Services, Phone 1
888-502-0537, www.247medicalbillingservices.com 5