Receiving timely collections is crucial for maintaining a healthy revenue cycle and can be the most challenging aspect of your practice’s billing operation. Ensuring your medical billing claims are scrubbed, reviewed, and processed promptly leads to a shorter claim cycle and facilitates timely reimbursement.
To ensure you have clean claims, there are several things that you need to do:
01.
Patient Information: Verify that all demographic details—name, address, and insurance policy data—are accurate and complete.
02.
Eligibility Verification: Before the patient’s appointment, confirm copays, deductibles, and the effective dates of patient’s insurance policy.
03.
Pre-Authorizations: Ensure all necessary prior authorizations are secured before the patient's visit.
04.
Medical Coding: Accurately apply the appropriate CPT/IDC codes and modifiers.
05.
Medical Documenting: Maintain clear and concise documentation of services that aligns with applied medical codes and modifiers.
Clean Medical Claim Submission
Claim submission is the key to good cash flow, but it is complex and time-consuming. Outsourcing your revenue cycle management, encompassing claim submission, to a specialized company such as Billed Right can significantly enhance your clean claim rate, diminish overhead costs, ultimately leading to financial savings and revenue optimization.
At Billed Right, we cover your billing cycle from eligibility to account receivables and everything in between, including submitting claims to the clearinghouse and any follow-up on rejections. This takes the burden off you and your staff, allowing you to focus your attention on delivering high-quality patient care.
At Billed Right, we comprehensively manage your billing cycle, from eligibility verification to account receivables and everything in between. Our services include claim cycle management, insurance policy data verification, claims submissions, monitoring of your clean claim rate, and ensuring timely collections. By entrusting us with these responsibilities, you and your staff can divert your focus towards delivering exceptional patient care.
For efficient revenue cycle management and seamless claim processing, trust Billed Right to handle your billing needs with precision and expertise.
