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10 Steps of Medical Billing Services for Effective Revenue Cycle Management

Revenue cycle management is an integral part of medical billing services. Every company has its own process of catering to claims, but for effective revenue cycle management, certain steps must be in order.

These steps when are performed systematically enhances the performance of your revenue cycle.

Patient Registration

The process of medical billing and coding starts with patient registration.

The front desk staff takes the necessary data and information from the patient to set an appointment for the doctor before the treatment. As soon as the patient registers with the physician, medical billing companies take their medical record to cleanly create the claim.

Moreover, professional medical billers ensure the accuracy of the information provided in the first step.

Insurance Verification by the Medical Billing Service

In this step, outsourcing medical billing services verify patient’s insurance completely. The Healthcare plan is thoroughly analyzed to check eligibility and policies’ compliance.

After the verification process, billing experts also check patient’s responsibilities such as, deductibles, copayments, and out-of-pocket expenses that they have to bear.

In some cases, prior authorization is necessary from the insurance companies before the service is rendered. It also takes place in this step.  Most medical billing services use digital mediums to store and verify the information.

Recording of Patient’s Encounter

The physician-patient encounter is generally recorded or documented to keep a record of the patient’s health condition. It helps medical billers and coders to bill and codes the performed services for accurate claims.

Medical Transcriptions

Medical transcriptions refer to the documentation of transferring video or audios of the patient’s encounter with a physician in an appropriate billing format.

After the billing company receives all the necessary information, they start with the actual billing of the services. The accuracy of information is always regarded, and outsourcing medical billing companies also ensure the HIPAA-compliant billing services.

Medical Coding

As obvious, now is the time to assign medical codes to medical transcriptions.

The process is to simplify the billing process as it is hectic for payers to read the complete medical history of patients. Therefore, medical coding is important and saves time.

Only experienced coders are allowed to code who are familiar with the CPT (Current Procedural Terminology) codes, and ICD 10 codes.

Charge Entry/Medical Billing

Before sending claims to insurance companies, it is important to bill rendered services in proper order. Patients’ records are again monitored to rectify any errors. In case of any error, insurance companies deny claims or simply reject them, which dent the revenue cycle and increase the rate of accounts receivable (AR).

Charge Transmission

It is the step in which claims are submitted to payers either government or private via EDI (Electronic Data Interchange).  Extra measures are taken to compile clean claims when sent through EDI.

There come three situations in cases of claims with errors.

Mandatory fields are to be filled, otherwise, the system rejects the claim – a process known as scrubbing.

Claims with invalid information are also rejected by the system.

The system also rejects the claims that are not compiled as per the payers’ policies.

Here, the billing teams have to double-check every measure that no secret information gets leaked.

Accounts Receivable Management

The AR calling team checks up on every claim after it is submitted to respective insurance companies. The purpose of this step is to ensure payment posting in an efficient manner. This team is also responsible for sharing any additional information like account details and helps remove errors in claims.

They also correspond with the physicians, patients, and insurance companies and inform them about any update.

Denial Management

This step caters to denied claims by the insurance companies. Sometimes, some claims are not compiled up to the mark. Denied claim management deals with such issues. Constant follow up services are part of denial management that timely acknowledges errors, rectify them, and reimburse physicians.

Payment Posting

This is the end of the medical billing and coding process that helps the team to be updated about the payment situation.

EOB (Explanation of Benefits) and ERA (Electronic Remittance Advice) all are provided to the concerned patients. The team concerned with the Payment Posting also checks if the payment received is accurate.

These ten steps describe the complete process of medical billing services and are crucial to keeping the revenue cycle running smoothly. For more information, visit our website – www.p3care.com

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What’s New in Medical Billing Services for Cardiology?

Cardiology is tough and encompasses new techniques and technologies every now and then. Therefore, its medical billing services require special understanding to adapt to changes in the reporting requirements.

Cardiologists have to work under several conditions and deal with intensive bloodwork and other invasive procedures. The varied conditions reflect on charges as they depend on the rendered service location, i.e., a hospital, a private clinic, or a same-day surgery center.

An important thing to maximize revenue for cardiologists is that outsourced billing services drive abstract physician operational notes. It helps them to compile claims with accuracy and exact information on medical procedures.

The efficiency of medical billing companies for cardiology also extends to the knowledge of CPT (Current Procedural Terminology) codes, expertise-related codes (cardiology-related), and HIPAA compliance.

Before diving into the updates for cardiology billing and best practices, we must be aware of the fact that cardiology medical billing and coding comprises of twenty-six new CPT codes with eleven topped up codes. In addition, there are four hundred and fifty changes in the ICD-10-CM coding system so far.

Code Changes for Cardiology

Medical billing services can use the following codes for the leadless pacemaker.

Leadless pacemaker 33275 includes imaging guidance, transcatheter removal of a permanent leadless pacemaker, and right ventricular is revised. Should you choose to find end-to-end medical billing outsourcing, a company that updates itself to gain knowledge of new procedures is the right company. It is wise to ask them if they serve any cardiologists currently.

New code 33275 includes imaging guidance (For Instance, fluoroscopy, venous ultrasound, ventriculography, femoral venography), transcatheter removal of a permanent leadless pacemaker, and right ventricular is revised.

Pericardiocentesis (33016, 33017, 33018, and 33019) are the four new codes for pericardiocentesis. The code 33010 is removed from the list.

Changes for Cardiology ICD-10 Codes: Medical Billing Services Near Me Does the Trick

There are some minor changes in the ICD-10-CM codes for cardiology that can affect the performance of medical billing services (if they don’t pay attention). For Instance:

New codes are Introduced for Cerebral Infarction (I63)

  • 89 – For cerebral infarction.
  • 81 – For cerebral infarction due to occlusion or stenosis of the small artery. It also accounts for lacunar infarction.

Cerebrovascular Disease (I67) Has a New Subcategory 

  • 858 – For other types of hereditary cerebrovascular diseases.
  • 850 – For cerebral autosomal dominant arteriopathy with subcortical infarcts and leukoencephalopathy. It also accounts for CADASIL diagnosis.

Hence, search for the phrase ‘medical billing services near me’ to find the best companies near your practice in Google.

Now, let’s move towards the best billing practices that cardiologists or medical billing services may incorporate within their system and see remarkable results in their account ledgers.

Best Medical Billing Practices

Use of Dedicated and Correct Codes

Incorrect documentation and improper claims can risk your reputation and finances. Even, they can make you suffer from audits and increase your expenses. A simple practice is to keep a check on your mistakes and obsolete practices that might restrict the smooth motion of the revenue cycle.

EHR (Electronic Health Records) are used for the purpose to collect patients’ data and maintain accurate records.

Cardiac procedures are complex. Therefore, the inability to provide accurate documentation can result in lacking important codes.

For more on dental billing services, check out this blog post: Medical Billing Services for Dentists by P3Care, Ontario, CA

Use a Combination of Codes to Report Conditions with Precision

ICD-10 codes are modified to include a set of combo codes to state patient’s conditions. Medical billing services should have the knowledge of using codes in their places. For Instance,

  • 0 is only for hypertensive heart disease with heart failure
  • 2 is for hypertensive heart, chronic kidney disease with heart failure, and stage 5 chronic kidney disease, or end-stage renal disease.

Document Diagnostic Procedures Carefully

Billing services should not include diagnostic procedures only because of assumptions. Avoid using false codes and only document procedures that were performed based on the symptom codes.

Do not use codes that are generally associated with the disease and are not conducted specifically. However, claims can have diagnostic codes as per the ICD-10-CM reporting guidelines. 

Check into Different Medical Conditions (Comorbidities)

Reimbursements somewhat depend upon the patient’s health status. For instance, a patient with comorbidities can cost more as compared to a patient with no comorbidities.

Medical billing services should state the actual medical condition of the patient depicting the complexity of the case. When insurance companies get to know the complexities, they can also estimate the actual expense.

Cardiology medical billing is certainly difficult; therefore, many professionals prefer to outsource their billing to segment every data and adjust each code accurately. We also suggest it is the right option, instead of ruining chances of sending clean claims.

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4 Powerful Ways to Improve Medical Billing Services

Medical billing services are a vital player in the US healthcare industry. Without them, physicians would have to face dire consequences in the revenue cycle. However, when the focus is upon refining the quality of care, the healthcare providers demand the same quality criteria for medical billing companies as well.

Outsourcing medical billing is a way for dedicated billers to take control, but it also supports the whole revenue cycle management process. When we talk about taking the healthcare industry ahead, medical billing companies must equally go through the process of screening according to set standards. It will benefit physicians and patients alike.

Two physicians from Johns Hopkins University researched in this sector and concluded the following arguments.

Let’s find out!

Medical Billing Services Should Be Transparent

Medical claims should clearly state the codes to get an estimate of the total bill without difficulty. Not only physicians but also the patients can read the claims. They must have the facility to check if the rendered services are accurate and billed correctly.

Firstly, it empowers patients and then the doctors, making them independent financially. Secondly, it checks costs as they turn out to be accurate for patients, useful to both doctors and patients. Ultimately, it leads to increased transparency in the billing procedure.

Opt for Price Transparency 

Another suggestion by physicians is to make prices public for patients. Although some medical practices in the US offer this facility to patients, it is still not the norm everywhere. The vast majority haven’t made them public yet.

Allowing patients to view prices of diagnostic and surgical procedures is to offer them price transparency. Moreover, patients would know their out-of-pocket expenses beforehand, and physicians would know their bills.

To know more about quality medical billing services, this might be a good read:

What Steps Can be Helpful for Tracking and Maintaining Quality for Medical Billing Services?

Involve Patients in the Billing Process

In order to improve medical billing services, it was suggested to encourage patients to speak with the concerned person in case of any ambiguity in the bill.

With this facility, bills would often be correct, on time, and accuracy would increase while preventing errors resulting in reduced denials. Moreover, patients would get more involved in the billing process, and their input can be utilized to compile cleaner claims.

Don’t Burden Patients Unnecessarily

Looking into the payment system, patients have to pay higher than the insurance plan devises for them. This approach is actually unfair in terms of the transparent flow of money. Furthermore, medical billing services should consider complications that may occur while the patients receive care.

The idea is to offer value-driven healthcare services to the patient alongside an optimized healthcare expense.

The financial aspect is crucial for the healthcare industry. The focus has to be only on the quality of services, but also on optimization and transparency of prices. It is observed in a survey that a large population of patients thinks of delaying healthcare services due to concerns in medical bills.

Thus, CMS and other governing bodies have to empower patients in the billing process for better outcomes. Let’s do that right away.

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What Medical Billing Audit can reveal about your Practice?

Medical billing services! Handling billing and coding operations, staying up-to-date with the operations, and managing financial tasks are a bit stress-full. In the end, we all want fruitful outcomes for physicians. A process can be done via several methods, so why not fueling our performance by assessing our operations.

It is a good practice for physicians who opt for in-house medical billing services to review their tasks and upgrade for better performance, even if it means going for outsourcing medical billing services.

Why Medical Billing Audit Outsourcing is Essential for Business?

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Medical billing services and physicians on a larger scale require straightening up their operations in light of the guidelines issued by CMS or other governing bodies. If they can’t subject to change or upgrade, it will affect their revenue, their reputation, and most-of-all the quality of healthcare services that every patient deserves.

Here are four reasons why billing practices should review their performance?

To Increase Revenue

Have you looked into reasons, why you haven’t grown your business? Maybe, you’re trying to expand your services but unable to do so, why is that.

Medical billing assessment can give hints about what is going wrong and what needs to upgrade in order to expand growth.

To Upgrade the Practice’s Policies

It is possible that you might not be getting returns as much you invest. Maybe it’s because the practice isn’t following HIPAA-compliance rules or payment rules in general. The reimbursement rate is only high when you are consistent with clean claims as per the rules.

The billing assessment can help to guide in highlighting liable policies.

To Upscale the Technology

We all strive for the quality healthcare system. In order to upscale our services, we should have tools and resources that handle the relevant tasks efficiently. What might be the latest technology a few years back, can already be outdated.

So, the technology assessment makes it easy to view things that are creating issues in simplifying operations.

To Streamline Workflow

Assessing workflow management can save time and cost. A company can only be as good as its staff. The workflow they follow has an impact on the overall performance of the company.

The assessment/medical billing audit can give insight into the process, and it can make or break your reputation plus revenue in the industry.

If you’re a medical billing practice or a healthcare facility, we are here for medical billing audit.

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P3Care Investigates HHS Report for Providers Relief Fund Concerns

We understand that this time is difficult and hospitals, healthcare professionals, medical billing services, insurance companies, clearinghouses are working on top of their abilities.  Of course, no one is undermining the efforts of the healthcare industry. However, the pandemic is not an excuse to not keep clean records of healthcare attributes.

The U.S. Department of Health and Human Services (HHS) has cleared the sense of the notion that the disparity in data transmission or data incompleteness is not negotiable.

Inconsistency in Data Requirements Leave Physicians Waiting for Outcomes

To follow through the CARES Act Provider Relief Fund money, physicians must abide by all the terms and conditions.

Important clauses for this relief fund are:

  • The fund is only to be used to avoid or respond to coronavirus affects.
  • The fund is only used as compensation to the lost revenue or the endured healthcare cost during the COVID-19 pandemic.

Physicians were quite unsure about how to act to these facts. Of course, medical billing outsourcing companies can’t proceed without their clients’ consent. Therefore, HHS took it upon itself to explain all the complications that restrict healthcare professionals to benefit from this program.

HHS Explains the CARES Act Provider Relief Fund Requirements

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A few weeks back, HHS issued a draft as in FAQs (Frequently Asked Questions) that answered all the physicians’ concerns. Moreover, medical billing services get a chance to look into attributes that were most wanted, especially the documentation of items that home care providers need to record in their records. For Instance,

  • Medical supplies to offer healthcare service for possible or actual COVID-19 positive patients
  • Medical equipment to offer healthcare service for possible or actual COVID-19 positive patients
  • The training/education of workforce offering services for COVID-19
  • Getting access to training, resources, equipment, recruitment, etc. to streamline the workflow

Although the expenses should be with respect to the COVID-19 treatment or response, HHS stated that it is highly unlikely that the COVID-19 expense goes back to the date before January 1, 2020.

What are the Lost Revenues that are Attributable to COVID-19?

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HHS also explains this phrase. Lost revenue will subject to any financial loss that is incurred due to coronavirus.  It also includes cases where medical billing companies couldn’t generate revenue for healthcare professionals due to fewer patients visits, canceled or delayed elective medical treatments and procedures, or surging uncompensated loss.

According to HHS, the dedicated fund can be used to cover that cost too that could be recovered otherwise, as long as it is subjected to coronavirus prevention, response, or planning. It implies that that the cost doesn’t have to be specific to coronavirus positive or possible patients, but it just has to be lost due to the pandemic.

These funds can also be used to maintain the quality of healthcare services and their timely delivery to the patients.  For instance, to pay for the payrolls, insurance plans, or EHR (Electronic Healthcare Records) fee.

This fund can be a ray of hope during the financial crisis period. HHS tried their best to give relief to patients. Now, it is up to medical billing services to strategize and compensate for the losses.

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How Accuracy of Medical Claims Could Save Your Revenue?

Medical billing and coding is an important step in the physician’s payment model. Depending on the compiled claims by the medical billing outsourcing services, insurance companies decide if the rendered services are valid and if physicians should be reimbursed. Therefore, the accuracy of the claims and medical billing services holds a crucial place in the healthcare industry.

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Why do Experts Stress on Accuracy of Claims?

If physicians want to get reimbursed on time, the accuracy of the claims should be maintained. The wrong documentation or manipulation of data results in denied claims, even when the physician has provided the service to the patient.

Another issue is the under coding when physicians are not paid as much as the service cost because of coding errors.  Over coding can also dent the reputation of your healthcare organization. You can be charged with fraud and can bear financial and legal complications.

The survival of the medical practice can become difficult if medical billing companies don’t pay attention to the accuracy, resulting in revenue loss.

It’s also about the reputation of the medical billing companies, the high claim’s acceptance rate they have, the more revenue they generate, and the smoother revenue cycle management process becomes.

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Is Medical Billing and Coding Complex?

Medical billing services are a serious profession. The sensitivity of this field can be analyzed by its impact on healthcare professionals. There are several code sets and monitoring authorities, from which billers and coders can take guidance. Anyone, who is responsible for creating claims, must know about the exact diagnostic procedures, surgeries, documentation of symptoms, age, gender, pre-existing conditions, and all. Not just the claims must be accurate but also the HIPAA-compliance needs to be there to ensure the confidentiality of the information.

Staying up to date with the latest knowledge and creating claims accordingly is the skill and handling the bulk of claims at the same time is tricky. It is also a fact that leaving medical billing and coding responsibilities to in-house staff can cause financial problems.

Check and Recheck

Before filing medical claims with insurance companies, it is wise to check and recheck since there is no room for mistakes. A slight error could easily result in denial; and, denied claims use up time to get reimbursed, eventually, leading to delayed collections. Hence, a practice needs trained people to work on their claims for a breezy cashflow. One of the ways to achieve that is to look for billing companies with EHR knowledge.

So, What Option is Left.

We suggest outsourcing to medical billing services is the best option for a seamless revenue cycle. They have dedicated staff to handle all the accounting information and tasks, which certainly, can’t be managed in-house when you have patients to take care of.

P3 Healthcare Solutions is a professional medical billing service that has years of experience in creating claims and helping hundreds of physicians in maximizing their revenue cycle. It is our way to share their administrative burden.

Visit our website for further details – https://www.p3care.com/

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P3 Defines the Role of Medical Billers and Coders

Any person who thinks there is a difference between medical billers and medical coders is right.

Because there is a difference. With defined roles, they bring the right charisma to a physician’s revenue cycle. Nevertheless, one depends on the other for the completion of the billing process.

Medical billing services hire both professionals to carry out an effective revenue cycle management process on behalf of healthcare providers. Theoretically speaking, both professions require the professionals to read, interpret, and comprehend Electronic Health Records (EHRs) and doctors’ notes. Hence, their education in science is a must.

We all know that medical billing is a complex process. But with medical coders and billers assigned to claims, medical billing becomes all the more manageable. Their capabilities provide all the help a healthcare provider needs to process medical billing claims.

For you, as a primary care physician or a specialty-specific clinician, an authentic team of health IT experts may, rightfully, carve the way to a successful practice.

Coding: Where Medical Billing Services Begin

Medical coding is a definitive structure of the medical bill. It becomes an integral part of medical billing service which reflects each and everything in a proper, organized, and coded form. At times such as this pandemic, the healthcare sky is lit with updates; new codes for COVID-19 have surfaced, so coders have a responsibility to stay in touch with CMS updates.

Moreover, they must remain proficient and knowledgeable in the ICD-10 coding system – the coding system that classifies diseases. The other one being the CPT set of codes identifies the treatment aspect of received cure.

The above systems help convert medical jargon into easier alphanumeric codes. For people inside and outside the medical industry, it may be hard to understand the names of diseases and certain procedures. Thus, the availability of these coding systems provides a comprehensive path to diseases and their solutions.

Since there are thousands of diseases, symptoms, and cures, it is not possible to write to them in complete form all the time. The only way possible is to design a coding system that classifies them.

Medical coders are required to manifest the knowledge of thousands of CPT and ICD-10 codes accordingly. Moreover, coders translate medical records for reimbursements later.

This gives us an overview of what coders are responsible for.

Medical Billing is the Social Part of Coding

After proofreading the claims, next comes the job of billing professionals to forward them to insurance companies.

A claim that is prepared by the coder has to go through a process; the person who carries it out through to the end is a medical biller. If it is a small practice, usually, there will be a small group of medical billers. However, to tend to a larger practice or hospital, there’s a whole team of billers and coders. Their times often concur with the time of the practice, but they can also work remotely to address claims as they come.

Without experienced billing personnel on your side, a health care facility, or a primary care physician’s revenue cycle would fail to function. Here, at P3, we have a whole team dedicated to medical billing outsourcing, so feel free to reach out at this number: 1-844-557-3227.

Purpose

Billers to devise the billing claim use information emanating in the form of codes by medical coders. That claim becomes the first-hand information for insurance companies to release payments. A well-written billing claim without errors has a higher first-time acceptance rate. Furthermore, collections occur fast, almost within 2 weeks.

If patients have outstanding bills, the medical billing experts are required to contact them as part of the following-up process. They will walk them through the process and inform them about any deductibles, copayments, or other insurance liabilities.

Besides, medical billing and coding teams coordinate with insurance companies to get providers on board if they are not enlisted with them. Sometimes the patients visit providers who are out of network, and not on their health plan. Then, the medical billing services have an additional role to play, to enlist such providers with insurance companies. To speed up things, doctors must provide any documentation that is urgently required to complete the registration process.

Filing appeals and conversing with patients is part of their job. There is little time between denial and resubmission; therefore, we must act fast, recompile, proofread, and resubmit.

Where Do They Work?

‘Medical billing services near me’ is one of the search terms often searched on Google. Why?

Because, one, physicians are in search of someone nearby; second, if they can find them nearby, they are physically reachable. However, the remote nature of work has popularized the job amongst outsourcing companies. Therein, we hear the term, medical billing outsourcing.

Most billers and coders are present on LinkedIn with incredible job portfolios. Often you’ll find abbreviations such as CPC – Certified Professional Coder – besides their names. Also, you’ll find abbreviations such as CCA – Certified Coding Associate – and CCS – Certified Coding Specialist – with their names.

Prerequisites

The prerequisites for this job are at least a high school diploma with a science background. However, an associate degree in medical billing helps convincingly in the long run.

You have four studying options:

  1. Bachelor’s degree in a health-related subject (4 years)
  2. Associate degree in medical billing & coding (2 years)
  3. Diploma (1 year)
  4. Certification (a couple of months)

All of these studying programs lead towards a bright future which is well-respected and well-paid.

Pro Tip – Choose schools that are recognized by AHIMA or AAPC.

For readers who like this article, please do comment. We love to read your feedback, and, also don’t forget to follow us on Instagram @p3healthcaresolutions.

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Telemedicine Emerges as Cure Outlet Amid the COVID-19 Outbreak

Got allergies? You can still see a healthcare professional if you are at home during the coronavirus outbreak.

U.S. health officials, clinics, hospitals, and insurance companies are insisting on people to try telemedicine for minor health problems such as ear infections, rashes, and earaches and skip the doctor’s office.

It is also a way to get screened for COVID-19 if you think you have the symptoms.

The Goal: Prevent it from spreading, especially to the elderly, the infants, and to those who are most vulnerable with existing health conditions.

Instead of waiting for the doctor for days, virtual care has long been a solution for the Americans; it is just that they have been slow at adopting it. Now is the time to embrace and make use of it in our best interest.

Let’s take a closer look at how Telemedicine functions.

What is Telemedicine?

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Telemedicine is a means to connect with a healthcare professional via smartphone, tablet or computer. That is all you need to hop on this train. Sometimes, we use words like telehealth and virtual visits to describe it.

Ordinarily, it connects you with a provider like a doctor or a therapist remotely over a secure line. As a matter of fact, the patient makes use of an app to connect with them.

Sometimes telemedicine portals use a version that involves texts only for patients who may not speak or see each other.

Telemedicine often serves as a tool to diagnose and treat a new health problem, but it is also used to see a long-term diabetic or chronically ill patient. It is more than going for a prescription refill, although doctors can write prescriptions, if needed, after a virtual visit. That involves antibiotics, anti-allergies, or dietary supplements.

Where Can I Get Telemedicine?

Providers such as individual practices and hospitals are rich outlets of telemedicine. Providers are urging the patients to see them using telehealth channels during the outbreak. Search by calling your local hospital or simply put a query in Google to search for the best telehealth companies.

The federal government is committed to helping people with Medicare, i.e. citizens aged 65 and above as well as the younger slot who qualify due to disability through telemedicine. This trickles down to the state level where local governments are urged to expand telemedicine access to help people with Medicaid, i.e. people with low incomes.

Until now Medicare coverage of telemedicine was limited to rural areas where patients did not have care facilities like state-of-the-art hospitals and private clinics. Many Medicare Advantage plans also provide support for telemedicine. While the providers are busy treating the patients, telemedicine returns in the form of collections are good enough. Medical billing services play their part to full effect.

How Much Does It Cost?

Prices are variable. However, since the telemedicine initiative is being promoted, the prices are being waived off by many companies. It is to inspire them to use this outlet as their health companion.

It helps to check with your insurer or employer to see if it is part of your health plan. The plan may not offer specialty services like virtual therapy sessions or include only limited access.

For people without insurance, some telemedicine providers do give the option to pay out-of-pocket. The charges differ from provider to provider. Whichever company you choose, under the law of HIPAA, the texts of diagnosis and treatments are completely secure.

What Illnesses Can Be Sorted Out by Telehealth Services?

Some of the illnesses under telemedicine include sinus infections, seasonal flu, minor injuries, fevers, etc. Before you begin to doubt it, let me assure you that telemedicine saves you physical visits to the doctor’s office or pharmacy store.

Dermatologists can use it to treat moles and warts. Acne, pimples, blisters are additional examples for which they can offer their services. Moreover, therapists can be a source of calmness to patients suffering from anxiety, depression, and stress episodes during the pandemic.

Cyber consultation in case the patient has flu-like symptoms can be a relief. They have preprogrammed questions to gauge the health condition, and, immediately prescribe a remedy.

The Limits

With benefits come certain limitations.

A virtual doctor is unable to treat medical conditions in which the patient suffers from chest pains, fractures, or wounds in need of stitches. The virus test is also not available through this source.

Patients Need Time to Adapt

The association of gadgets such as your smartphone with healthcare has been there for a while but it is put to use with the spread of coronavirus nationwide. It will have lasting effects on the future of healthcare; patients who will get better will become its promoters.

If it doesn’t involve their regular doctor, they may be reluctant to try it all together. Additionally, awareness to make use of telemedicine in routine when the pandemic is over could send help where it is needed the most.

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5 Front Desk Basics to Improve Your Medical Practice

Like in any business, front desk staff plays a vital role in healthcare affairs. The business of knowing the right person for the right job matters in healthcare more than it matters anywhere else. Because whether it is a hospital or a private practice, patients need all the attention they can get. Moreover, if it is missing out from a crucial place such as the front desk, they can expect the worst outcomes later on.

P3 Healthcare Solutions, Ontario, CA analyzes this aspect of healthcare while it deals with the IT side. Since first impressions are usually the last ones, we have to make the most of them. Otherwise, we can’t promise patients to become a long-term asset of the practice.

Greet Patients As You Mean It

Every human, related or unrelated, deserves care. When a patient decides to check-in, they deserve to be treated in the best manner by the front desk staff. Greet them with a smile because what happens at the front desk sets the tone for the rest of their visit. Making lasting first impressions and treating them like someone you care about is the key to running your medical practice. Believe me, it makes a huge difference. Higher patient satisfaction level depends on the positivity that starts right after a patient checks-in and registers their presence by the front desk.

Speak Politely on the Phone

To get by your day rather smoothly, treat everyone on the phone in a polite way. It is similar to having a patient in real in your office and talking to them. A friendly attitude, calmness in manner, and providing appropriate information are the three factors to an ideal patient-practice relationship. Because they are not well in the first place, and when someone is not well, emotions take over rather quickly. Anything that’s said and done in that situation lasts forever.

As a medical billing service, we start proceedings with clients both old and new with positivity, and replying carefully to their queries. There’s a QA team present behind the calls to check them for quality, and ensuring seamless delivery of service.

A Clean Environment Influences the Most

A clean and well-maintained waiting area has wider implications than one can imagine. A sick patient can get better just by spending some time in it. As a doctor, you speak of cleanliness now and then. How can you expect your patients to sit in a dirty room? It won’t do your practice any good.

Wipe chairs and tables with a disinfectant before they arrive and make sure the place smells good. Put the trash in the bin where it belongs. A seemingly neat and tidy place can look all messed up if the magazines are not returned to the shelves. What matters is that the visitors enjoy their stay while they wait for the physician.

Smooth Patient Workflow Needs to be In Place

From the time a patient checks-in to the time they go out of the doctor’s office, the workflow needs to be in place. I am talking about timely notifications of the arrival of the patient to the doctor. A seemingly simple visit to the doctor’s office can become a complex problem when the front desk staff fails to function.

Furthermore, the front desk has to notify patients of any delays in their check-ups. And if there are any system failures, before the IT staff can deal with it, it has to come to the notice of both the patients and their doctors. When the front desk delivers to the best of their abilities, a smooth patient flow happens as a result.

Full HIPAA Compliance for Patient Records

As a HIPAA medical billing company, P3 considers the safety of patient records as its number one priority. Because breaches of any sort can result in fines and even jail time in some cases. The same is the case with a doctor’s office.

Verification of patient information is the first thing that happens when a patient checks-in. The front desk has to stay updated on the demographic and other relevant data like the date of birth, address, and phone number.

MIPS in healthcare is an incentive program that rewards clinicians with incentives year after year with performance categories such as promoting interoperability in action. The category was previously meaningful use of EHRs ensuring quality use of Certified Electronic Health Record Technology (CEHRT). Hence, electronic health records are crucial as the US healthcare industry moves into the next phase of value-based care.

To read more about medical billing services, go here – 5 advantages of electronic medical billing services for providers

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The ERAs and EFTs in Payment Posting for Medical Billing

As a medical billing service, it is our primary duty to look after the revenue cycle management process of physicians on board. We are on a mission to narrate billing obligations in a fashion that is fast and in the direct interest of clinicians. Some of our clients have recorded their detailed feedback on Clutch.co for any of you interested in reading client reviews. https://clutch.co/profile/p3-healthcare-solutions#reviews

The claimed and paid amount has to concur in an ideal state. It is the job of a medical billing company to comply in such matters that involve the speedy transfer of payments. Any hiccups in the billing process directly affect the practice besides tainting the reputation of the third-party billing vendor.

Explanation of Benefits (EOBs) and Electronic Remittance Advice (ERAs) are documents that discuss the amount billed and the payment received. They also contain information about any discrepancies in both the amounts. The third term EFT refers to Electronic Funds Transfer which is the modern way to address the payment process.

Medical Billing Company Supports ERAs in an Age of Automation

Physician practices can save much time and money if their EOBs turn into ERAs that are electronic documents. Think of the time it takes for a medical practice to deal with payment details manually. It involves a lot of fields to be manually addressed, dropping checks at the bank, and reconciling payments.

If payers can create digital documents like ERAs regularly, physicians won’t have to re-enter payments manually. The process of payment posting is crucial, and to make it easier, we’ll have to digitize EOBs right away.

Medical billing outsourcing requires accurate coding of claims in which there are no over coding and under coding errors. If EOBs reimburse amounts lesser than what is claimed in the bill, our company investigates so that the RCM process keeps on running smoothly.

Benefits of ERA

  • Once the system of automation is in place, posting payments doesn’t involve manual intervention at all
  • It enables faster payments because time is saved in the very instance
  • Makes way for improved and classic denial management

Electronic Funds Transfer (EFTs)

HIPAA medical billing says a lot about the medical billing service in line with the law and its provisions. Under HIPAA, EFT via the Automated Clearing House (ACH) is the only standardized way to move funds electronically. Hence, we have to take a note of that in every transaction we make on behalf of the physicians and specialty-specific doctors.

Just like the way employee checks are deposited, ACH EFT makes sure funds smoothly move between insurance companies and physicians.

Benefits of EFT

  • It is a payment mode that directly coordinates with ERAs
  • The staff members don’t have to be occupied, and there is less paper usage
  • The claims payments are deposited in a safe and secure manner
  • Saves time

21st Century After Effects of Electronic Cashflow

The healthcare industry brought into effect a new standard in the form of ANSI 835 for electronic insurance payments and reconciliation a few years ago. Both ERA and EFT are part of this act. Their role for each other is vital. When an ERA carries the details of the payment, EFT is the actual process through which the payment is made to their rightful owners upon adjudication of claims.

ERA merely forms a report by which benefits are explained. Both the technologies devise simplification of the payments to physicians while expediting the process in the spirit of better healthcare outcomes.

Learn more: 5 Medical Billing Tips to Help Orthopedics Earn More