5 Ways that can Help your Wound Care Practice Earn What it Deserves - PowerPoint PPT Presentation

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5 Ways that can Help your Wound Care Practice Earn What it Deserves

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Getting the right mix of dosage – improving operations and patient care wound care practice can earn and increase its revenue for all its services seamlessly. – PowerPoint PPT presentation

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Title: 5 Ways that can Help your Wound Care Practice Earn What it Deserves


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5 Ways that can Help your Wound Care Practice
Earn What it Deserves
  • Wound care centers can exist from small
    free-standing clinics to large hospital-based
    centers. However, so far, most wound care
    centers, have survived on their inpatient and
    common outpatient referral sources. But, with the
    introduction of new healthcare reforms of which
    the Affordable Care Act (ACA), popularly known as
    Obamacare is one which has brought a lot of
    changes, many wound care practices have seen a
    downward trend. Further, the ICD-10 coding has
    brought its burden. But wait, all is not lost,
    and Wound Care practice can still make their
    professionals earn what they deserve.
  • Ways to get ball rolling on your wound care
    billing and coding
  • Understand the Basics of ICD-10 coding and
    billing
  • Many new wound codes would now have to be
    identified using anatomic locations,
    complications, and laterality. For example, ulcer
    coding should now include the depth of the ulcer
    when inputting the diagnosis code. Thus,
    diagnostic codes are very essential to avoid
    claim denials.
  • 2. Educate your Staff

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5 Ways that can Help your Wound Care Practice
Earn What it Deserves
Clinical documentation is very essential. Staff
members who do documentation need to understand
that precise and extensive documentation,
especially within the new ICD-10 coding system
will only help provide a better explanation of
the medical necessity for payment, improved data
research and better billing leading to better
rate setting and thereby more focus on quality
indicators. The new ICD-10 forms now help wound
care claim forms to be more precise and help
capture every single complication.   3. Be aware
of Insurance Coverage Policies All wound care
professionals should not just keep a copy but
also be aware of the more current coverage
policies of major insurances that their patients
posses. Reviewing these policies in the light of
the new ICD-10 coding system should now be a
priority as they will inform one of which ICD-10
codes which cover specific therapy and also guide
you towards wound care billing documentation,
needs to be captured and thus help earn more
reimbursement. 4. Patient Education
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5 Ways that can Help your Wound Care Practice
Earn What it Deserves
Patients too need to be educated about current
treatment modalities. Once patients are made
aware of the process at wound care centers, the
waiting time and increase in anxiety
automatically decline. This helps more walk-ins
and thus more reimbursements. Wound care centers
traditionally get a majority of patients through
referrals. Today, appropriately employed social
media campaigns can more than triple the number
of patients. Branding of your practice using
social media is essential to keep the revenue
rolling. 5. In-office services Last but not
the least, practicing in-office dispensing is
stated to turnkey your wound care practices
billing from a five percent loss to a five or
greater percent gain in time to come. Moreover,
when certain in-office tests have been conducted,
and which are reimbursable with CMS, this can add
much to your revenue. Besides, having certain
specialty professionals as part of the practice
can also help raise the revenue, as long as your
groundwork on the geographical location and kind
of community that resides around have been
researched thoroughly. Getting the right mix of
dosage improving operations and patient care
wound care practice can earn and increase its
revenue for all its services seamlessly. Get in
touch with us!
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