Orthopedic billing is a crucial process to keep a smooth system, minimizing claim denials, and cash flow problems. It’s essentially the financial backbone of the practice. Without it, everything would fall apart. So, what are the most important aspects to keep in mind when billing? Double check patient information, verify insurance coverage, and file claims quickly. Continue reading to learn more about how to streamline the process.
How Do Orthopedic Billing Services Work?
Orthopedic billing begins with proper documentation before, during, and after a patient visit. Special attention must be paid to ensure maximum reimbursement and an accurate end-of-year service cost analysis. Simpler errors like missing or incorrect patient information– even a name or date of birth– could result in a rejected claim. In addition to limiting error, knowing insurer preferences and deadlines can also really help in billing management.
Of course, failure to comply with payers is less detrimental than compliance with HIPAA and state regulation. Properly training your team can help avoid severe fees and penalties. If you have no time to train or find that your billing process is too complex, you can reduce your stress and increase reimbursement with Billing Advantage.
Orthopedic Billing Software
Billing Advantage uses a software program called Kareo, one of the top-ranked programs for usability, security and reliability. From day one, data exchange is secure and specific to your needs – fax, email, etc. You an also aces it 24 hours a day, every day of the week. A software program in itself is just a tool, but Billing Advantage specialists understand how to use the Kareo tool to its fullest and are there to answer your questions.
Kareo also offers an EHR, which is optimized for mental health documentation. It allows for easy note taking, and includes a wide range of features to simplify the documentation requirements. To mention just a few, it includes a convenient treat plan system, checkboxes for note-taking, and a very simple method to submit claims. We would be happy to arrange a demo of Kareo’s EHR if you want more information. In addition, Billing Advantage receives a 2/3 discount on Kareo’s EHR, and we pass this savings on to you!
How Much Does Orthopedic Medical Billing Service Cost?
Hiring a third-party medical billing company can actually increase net revenue. Just be sure that the company you hire understands the orthopedic specialty. With Billing Advantage, you can be assured that the billing specialists working for you have ample experience to maintain professional, knowledgeable payer interaction while getting you every dollar you deserve! Get started today to maximize reimbursement!