Step Up Your Revenue with
Podiatry Billing Services
As podiatry practices predominantly serve elderly patients, it necessitates additional billing and coding efforts. Furthermore, it necessitates precise utilization of modifiers and a comprehensive grasp of coding for inclusive procedures.
The revenue of your podiatry services directly links to billing submitted on time, the prompt pursuit of claims, and account reimbursement. When addressing the business aspect of medical services, the decision to contract a high-quality medical billing services company ranks among the most critical for medical service providers.
It is vital that a professional and highly experienced podiatry billing company manages your revenue cycle. Podiatry health medical billing proves more challenging than billing for other specialties due to the intricate podiatry health medical codes. Consequently, having proficient podiatry health coders who possess a deep understanding of podiatric terminology, coding, and billing becomes essential.
Boost Your Podiatry billing Revenue With Us
Our Podiatry billing consultants offer several advantages to enhance your revenue cycle, including:
EMR/EHR Programs
In order to assist you in efficiently managing patient information, we provide (EMRs) and (EHRs). You can customize our EHR/EMR systems to fit your practice's demands, which will help you increase productivity and streamline procedures.
Timely Claims Submission
Timely Claims Submission" is something we view as essential to our offerings. Accurately submitting insurance claims to payers on behalf of healthcare practitioners is part of this. We follow the exact deadlines and guidelines provided by insurance providers in order to prevent any delays or denials.
Eligibility Verification Services
First, we determine patients' eligibility for Podiatry care benefits within their insurance plans. We also verify whether their plan necessitates a referral or pre-authorization. We calculate copayments and deductible amounts, a process that contributes to enhanced reimbursements, improved cash flow, and the provision of comprehensive insurance eligibility verification services.
Provider Credentialing Services
Provider credentialing is a vital stage within the revenue cycle that establishes a link between a physician and insurance payers. This procedure guarantees that podiatry practitioners receive payment for their services, enabling patients to utilize their insurance benefits for podiatry practice billing services. Efficiently credentialing healthcare providers holds significance not only for practitioners but also for patients.
Our Free Additional Services
Terms & Conditions Apply
We assist you in poditary medical billing services by providing some more extra services free of cost.
Authorization Services
We handle the necessary authorizations to ensure your procedures are covered, reducing administrative hassles for your practice.
Eligibility Verification
We verify patients' eligibility for insurance coverage, so you can confirm their benefits and streamline billing, reducing the risk of claim rejections.
Benefits Verification
We check and confirm the benefits available to your patients, making sure you know what's covered and what's not, helping to prevent unexpected costs for your patients.
Common Challenges in Podiatry Billing Services
Podiatry office billing relies heavily on proper paperwork that is prepared before, during, and after a patient’s appointment. The billing team carefully goes over each and every invoice along with the costs of the services provided.
Errors such as leaving out patient information or neglecting to confirm the patient’s eligibility in advance might lead to a claim being rejected. Moreover, failure to understand the deadlines and preferences of insurance companies might lead to improper revenue management.
How We Work
Podiatry Problems
Conventional Medicare and Medicaid billing costs increased from 2% to 5%, while commercial payers experienced a surprising rise to 17%.
According to industry standard figures provided by HFMA and MGMA, a significant healthcare facility, with 189,000 unentered and failed-to-capture charges claims in one month, could lose 50% of its revenue.
A hospital with an average of 75 weekly inpatient encounters would necessitate 325 hours of work, impacting RCM KPIs such as DNFB and AR days.
Other risks include the increase in denial rates, with 15% attributed to missing or invalid data from EDI and the payer's side.
Solutions
Implementing RPA (Robotic Process Automation) will reduce 60% of billing costs and will enable manual staff to focus on more critical tasks requiring human intervention.
Robotic process automation for RCM tasks in healthcare organizations with substantial volumes will cut revenue loss by 50% and expedite claim reimbursement days.
RPA technology will save time and lower costs by reducing manual workforce hours to 10 hours, thereby reducing errors.
Human errors in the manual workforce are significantly reduced, resulting in a 100% increase in quality and productivity.
Best practices Needed for Podiatry Billing and Coding
Payers deny a significant number of Podiatry claims due to coverage termination, non-covered services, or the exhaustion of maximum benefits for Podiatry services.
Insurance details can change at any time, and we verify insurance and coverage details on each occasion.
Our team also informs the patient about insurance treatments that are not covered, thereby preventing further denials. We maintain HIPAA compliance throughout all stages of the podiatry coding and billing process.
Why Choose Us?
Customizing Prices to Meet Your Needs
Efficient RCM for Podiatry Health Facilities
To guarantee strong revenue cycle management (RCM), a committed group of specialists is required. While ineffective revenue cycle management is not unusual in the field of podiatry health, efficiency must be increased.
Enhancing Credentialing at the Facility
In order to obtain the fastest and largest payment possible in podiatric medical billing services, we strive to supervise every stage of the procedure.
Keeping Data Secure
Active Billing and Analysis in Podiatry
High Quality Accuracy
Boost Revenue with Our Podiatry Billing Services!
We’re here to smooth your practice, prevent claim denials, and ensure you get the reimbursement you deserve. Join us for worry-free podiatry billing today!
