Tips on Overcoming SNF Billing challenges and Boosting Revenue

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Tips on Overcoming SNF Billing challenges and
Boosting Revenue

• 24/7 Medical Billing Services
• info_at_247medicalbillingservices.com
• Phone [phone]

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In order to get timely payments, skilled nursing
facilities need to follow efficient billing
practices. From submission of denial free claims
to accounts receivable management, payer
follow-ups and compliance to healthcare
regulations, there is a lot that needs to be done
if a skilled nursing facility wants to survive in
business. There are an increasing number of
regulatory restrictions as far as skilled nursing
facility billing is concerned. Consolidated
billing is a patent system that covers services
that come under the scope of care at a SNF. It is
important to have billers who have a good
understanding of the exclusions and inclusions of
consolidated billing required for timely
reimbursements.
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• Here are some of the reimbursement tips for SNFs
  that can be followed in order to get timely
  payments
• It is necessary to maintain an updated list of
  drugs and services that are included as well as
  excluded in skilled nursing facility consolidated
  billing.
• It helps to educate staff at the skilled nursing
  facility about the necessity of informing the
  practice about the status of the patient when an
  appointment is being made.
• Status of invoices should be monitored in a
  continuous manner and sent to the SNFs promptly.
• When an appointment is being scheduled, it is
  important to determine whether a patient is a SNF
  resident or not.
• SNF-related billing concerns have pushed the need
  for having well-trained, experienced staff
  certified in manoeuvring SNF billing executions
  under various programs, including Medicare Part
  A, Part B, commercial health insurance plans and
  state-specified Medicaid programs.

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As he healthcare landscape is changing, large
number of skilled nursing facilities are shifting
to hospitals from private practices. This has
changed their billing needs as well. They are in
constant need of skilled billers and coders who
are adept with SNF billing requirements. To
ensure timely payments, SNFs are choosing to hire
a billing company that works with billers who are
cognisant of Medicare rules regarding SNF
billing. They have a good understanding of
submitting clean claims and have the necessary
accreditation and training to help the facility
sail through revenue challenges. Reputed billing
companies offer various other functions to SNFs
other than ensuring timely payments. They also
offer accounts receivable management, electronic
claims transmission, payment posting, monthly
reporting, compliance with healthcare regulations
and coding with HCPS, ICD-10 and CPT codes.
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Contact Us

• 24/7 Medical Billing Services
• 16192 Coastal Hwy,
• Lewes,DE 19958,USA
• 2028 E Ben White Blvd 240-1030,
• Austin, TX 78741,USA
• Phone  [phone] Fax 1
  888-635-9013
•  info_at_247medicalbillingservices.com