Mistakes to avoid for decreasing the denial of claims - PowerPoint PPT Presentation

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Mistakes to avoid for decreasing the denial of claims

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Most of the medical billing companies have been doing their best to avoid the errors that are made in the billing but still the presence of errors is unavoidable for many reasons. – PowerPoint PPT presentation

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Title: Mistakes to avoid for decreasing the denial of claims


1
Mistakes to avoid for decreasing the denial of
claims
  • 24/7 Medical Billing Services
  • Info_at_247medicalbillingservices.Com
  • Phone 1 888-502-0537

2
Most of the medical billing companies have been
doing their best to avoid the errors that are
made in the billing but still the presence of
errors is unavoidable for many reasons. Due to
the errors in billing the denial of claims will
raise and it will affect the revenue. Therefore
in order to maintain and also increase the
revenue the medical billing company has to find
out the repeated errors and also have to sort out
the reasons behind it. Avoiding the errors seems
to be one of toughest as the busy schedules to
finish the coding and generate billing makes them
to lose or miss out some data. Hence it will be
helpful for the company to learn the common and
most important mistakes to avoid.
3
Filing claims on time Most the medical
billing companies dont schedule a time for their
claims. Taking more time for filing the claim and
delaying it is the biggest mistake to avoid. The
deadline should be reached properly otherwise
there will be unnecessary issues in the payment.
Usually this kind of error is happening more than
the errors that cause denial of claims. Either on
date or before the date, the bill has to be
submitted otherwise it is not possible to get
claims on time. Due to this the denial of claims
increases.
4
Reading EOB in a proper manner One of the most
important forms in medical billing process is EOB
called as Explanation of Benefit forms. This form
is about the payment such as the amount to be
paid, amount paid and amount that is not paid and
reason for not paying the amount. If the company
does not know how to interpret the EOB forms then
it will be difficult to get payment on time. The
major reason that most of the companies fail to
read it properly is that it takes some years of
experience to read it perfectly and understand
what has given on it. The insurer may pay a part
of the amount or delay the payment and the reason
will be given in the EOB. Therefore the medical
billing companies have to use experienced persons
to get it exactly.
5
Follow up Some of the medical billing
companies fail to do the follow up especially
regarding the claims that are outstanding. The
outstanding claims can be paid only if proper
follow ups are made otherwise it will increase
the outstanding payments. Therefore it is most
important mistake to avoid. Dont forget to do
follow up. Do proper follow-up and decrease the
outstanding payments.
6
Clearing house reports One of the other mistakes
to avoid is failing to do clearinghouse reports.
The clearing house reports play significant role
in the payment of the payer to the billing
companies. The billing company has to read all
the reports to get proper claims otherwise the
unread reports would heap. Only if you read the
report, you will be able to find if there is
anything to claim. Once the reports are all
clear, it will be easy to do follow-up if there
is nothing to do on your side and if there is
anything that you have to do then you can process
it to get the claims soon.
7
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  1 888-502-0537
  • Fax 1 888-635-9013
  •  info_at_247medicalbillingservices.com
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