Wound care, oncology and rehab medical billing is an intricate process requiring accurate coding and documentation. With constantly shifting regulations and reimbursement guidelines presenting healthcare providers with challenges in getting timely payments.
Shark medical billing company provides professional revenue cycle management services to ensure all claims are processed accurately and paid on time. Here are some benefits of outsourcing your medical billing to an oncology and rehabilitation medical biller:
Streamline your billing process
At present, more people than ever before are suffering from wounds that are difficult and painful to heal, yet providing proper wound care is critical for patient healing and comfort. Furthermore, proper wound care can reduce medical costs by cutting hospitalization rates; furthermore it helps avoid infections or other health complications altogether – thus it is imperative for hospitals and health centers to provide comprehensive services with appropriate reimbursement mechanisms in place.
To do this, they need to streamline their billing process – this involves gathering accurate insurance information, filing claims in a timely manner and communicating with payers to ensure claims don’t get denied. A medical billing company such as Shark can assist healthcare facilities with revenue cycle management and alleviate some of their administrative tasks.
Shark Medical Billing Company keeps up-to-date with industry changes and regulations to ensure they submit claims accurately and on time, and provide detailed reports to their customers so they can better understand the process and save money.
Furthermore, they employ certified medical coders who ensure accuracy and compliance, which allows them to provide quality services while increasing revenue. Their use of specialized codes that translate procedures and diagnoses into standard billing/reimbursement codes ensures accuracy for billing/reimbursement purposes is also key in providing services of the highest standard and increasing revenue streams.
They also boast a staff of experienced doctors, nurses and administrative assistants to offer various medical billing services like electronic claim submission, payment posting, insurance verification and denial management – helping healthcare facilities streamline their billing process while alleviating administrative strain on employees.
Ensure accurate reimbursements
As a wound care oncology and rehab provider, it’s imperative that your reimbursements are accurate. An ideal way to do this is outsourcing your billing process to a medical billing company who will ensure all claims are processed accurately as well as offering advice regarding billing procedures and coding issues.
Wound care is an expanding field, yet reimbursement for services rendered may be difficult due to shifting regulatory requirements and billing guidelines. Luckily, medical billing companies specialize in these complex processes to help maximize revenue streams for your practice.
One such company is Shark Medical Billing Company of New York. Specializing in medical billing and coding, this business offers various services to streamline revenue cycle. Their team of professionals keep abreast of changes to legislation and technology so claims can be submitted accurately on time; additionally they provide comprehensive reports so you can gain a fuller understanding of billing processes.
Elevate Patient Financial Solutions MedData of Spring, Texas Houston offers healthcare technology solutions to enable medical practices to maximize reimbursements by streamlining all aspects of revenue cycle management. Their mobile patient intake, check-in and payment solutions help streamline processes while their team of experts assists with even the most complex claims like Motor Vehicle Accidents, Workers Compensation and Medicare/Medicaid reimbursements.
Reduce administrative burden
Billing, scheduling and customer service duties associated with running a medical practice can detract physicians’ focus from what matters most: treating patients. Administrative duties like billing can drain away time and energy for physicians as they face pressure to deliver service in an ever-evolving marketplace – in turn impairing recruitment, retention and financial performance according to an October 2018 Massachusetts Medical Society (MMS) survey of 500 physicians.
RCM services provided by these companies can ease healthcare providers’ administrative load, allowing them to focus more on providing care to patients rather than administrative duties. They offer solutions in areas like medical coding, claims submission, insurance verification and denial management – and use special codes that translates medical procedures and diagnoses into standard numbers used for billing and reimbursement purposes.
Sherloq Solutions reports that Revenue Cycle Management (RCM) services can help streamline administrative tasks and boost profitability, offering solutions to healthcare systems, hospitals and physician groups nationwide that increase first-time payment percentage, improve cash flow and maximize revenue maximization. They work closely with HIM directors to ensure denials management processes adhere to best practices while business office inquiries and write-off preparation processes follow best practices as well.
Sherloq Solutions helps reduce healthcare administration costs while simultaneously improving patient experiences through providing medical billing and coding solutions. Their team of professionals include experienced, highly-qualified billers who know how to set up successful billing systems while simultaneously working to maximize reimbursements for clients.
Get expert help
Medical billing can be an intricate and specialized task that requires expert knowledge in order to be completed successfully. When dealing with wound care, having well-trained and knowledgeable staff members who stay up-to-date with all the latest rules and regulations, coding updates, and medical industry advancements is especially essential. An efficient medical billing service should offer expert knowledge in billing. For an experienced company offering expert medical billing services this goal can easily be met.
Benefiting from hiring a reliable medical billing company means being free to focus on what matters: your core business. They will do all the hard work for you – saving both time and money by making sure claims are filed accurately and on time; also helping improve financial performance of practice as well as patient satisfaction levels.
Shark Medical Billing offers comprehensive revenue cycle management solutions that can assist healthcare facilities with wound care, oncology and rehab services such as medical coding and billing for wound care, oncology and rehab services as well as denial management. Their experienced team can also provide other specialized services like e-claim submission and payment posting.