How To Bill Correctly For Your Orthopedic Practice? - PowerPoint PPT Presentation

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How To Bill Correctly For Your Orthopedic Practice?

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Title: How To Bill Correctly For Your Orthopedic Practice?


1

How to bill correctly for your Orthopedic
Practice?  
https//www.247medicalbillingservices.com
1 888-502-0537
2
How to bill correctly for your Orthopedic
Practice?
You are an orthopedic practitioner who wants to
be compensated properly but are you stuck with an
inefficient billing process? Your medical billing
for the revenue cycle is one of the most critical
functions in your orthopedic practice which means
you will need to ensure your billing needs are
completed accurately and promptly. Not just that,
its essential to keep up with all the latest
medical billing and coding updates so that you
stay compliant. With a proper medical billing
system, your practice can gain continuous revenue
with minimal delays and lesser stress for cash
flow issues.   When it comes to orthopedic
billing, there are important processes and
standards that are to be followed to ensure the
billing is specific with minimized chance of
claim denials.  
https//www.247medicalbillingservices.com
1 888-502-0537
3
How to bill correctly for your Orthopedic
Practice?
  • Accurate Patient Information-We are aware of the
    practice of having accurate patient information
    but often we disregard the importance it holds
    and how it affects the billing service. Its
    essential to thoroughly check the patients names
    and spellings, the date of birth, address
    details, and any other details that can be easily
    overlooked or misspelled.
  • Proper Documentation-Other than patient
    information, the other aspect would be to have
    and create proper documentation of the patients
    medical history which can include past surgeries
    and consultations.
  • Verification of Insurance Coverage- Verifying
    insurance coverage will help make your orthopedic
    billing process efficient which will, in turn,
    save time and money by eliminating denials and
    coverage errors.
  •  

https//www.247medicalbillingservices.com
1 888-502-0537
4
How to bill correctly for your Orthopedic
Practice?
  • On-time File Claims-One of the most common
    billing mistakes that orthopedic practices can
    refrain from is filing their claims on time. To
    do so, a process can be created with common
    procedures and metrics that will contribute
    towards the ability to submit claims within a
    specific time period. Meeting the claim filing
    deadlines will determine the execution of a
    claim- whether it will be denied or paid. Be sure
    to keep a track of these deadlines and ensure
    timely filing is provided by the insurance
    carriers.
  • Coding Many times orthopedic practices have seen
    denials based on information that was not
    specific enough. To avoid such scenarios, your
    administrative team will have to ensure they
    collect as much information as possible and
    justify the codes that are being selected against
    it. Along with this, you will also have to ensure
    the codes used for a specific procedure or
    service are accurate.
  •  

https//www.247medicalbillingservices.com
1 888-502-0537
5
How to bill correctly for your Orthopedic
Practice?
  • Conclusion
  • Well, give it a try and see your billing system
    working as efficiently as possible. When you
    outsource your billing and revenue cycle
    management, it helps decrease costs and increases
    your revenue. This will allow staff to save time
    who otherwise is stuck with appealing or
    re-filing claims that were denied.
  •  
  • Allow 24/7 Medical Billing Services to become
    your partner with the right expertise in medical
    billing, to manage your revenue cycle and
    orthopedic billing services so that you can focus
    on your practice. Witness your orthopedic
    practice receiving increased revenues, lowering
    overhead costs, and minimizing the risk of
    denials with 24/7 Medical Billing Services.
    Contact us to know more about our billing
    services for orthopedic practice.

https//www.247medicalbillingservices.com
1 888-502-0537
6
How to bill correctly for your Orthopedic
Practice?
About 24/7 Medical Billing Services 24/7
Medical Billing Services is the nations leading
medical billing service provider catering
services to more than 43 specialties across the
entire 50 states. You can rely on us for
end-to-end revenue cycle management. We guarantee
up to 10-20 increase in the revenue with cost
reduction of your practice for up to
50.  Media Contact Hari Sudan,  24/7 Medical
Billing Services, 16192 Coastal Hwy, Lewes, DE
19958 Tel 1 -888-502-0537 Email -
info_at_247medicalbillingservices.com
https//www.247medicalbillingservices.com
1 888-502-0537
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