How an Indiana Family Practice Unlocked $401,860 in Missed Revenue

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How an Indiana Family Practice Unlocked $401,860 in Missed Revenue Many family medicine practices assume that stable patient volume means their revenue cycle is performing well. However, one Indiana family practice discovered that a significant amount of earned revenue was being delayed, underpaid, or left uncollected. Through a comprehensive revenue cycle review, the practice identified hidden billing gaps and ultimately recovered $401,860 in missed revenue . This case study demonstrates how specialized family practice billing services,  comprehensive medical billing services , advanced RCM services , and proactive revenue integrity  can transform the financial performance of a primary care practice without increasing patient volume. Practices interested in the full client success story can read How MBC Recovered $401,860 for This Family Practice for Additional Details on the Recovery Process and Financial Outcome. The Challenge: Revenue Was Slipping Through the Cracks The p...

Correct Use of Modifiers for Podiatry Services

 

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Improper use of Modifiers for Podiatry Services can be the cause of claim denials just as not using a modifier can be. When using modifiers, make sure you clearly understand what the modifier entails. Sometimes, there are related services that the physician is performing, global periods to contend with, etc. Modifiers will clarify extenuating circumstances, which should allow for payment when they otherwise may not.

If the insurance company denies a claim and you rebill it by simply choosing another modifier and hoping that is the correct one, this will usually end up creating additional problems. Insurance companies may have a time limit as to how long you can file an appeal. If you continually rebill incorrectly, then by the time you send in the claims and subsequently get denied again, you may run out of the appeal window. The appeal window generally starts when you submit the initial claim. Medicare explanation of medical benefits (EOMBs) will indicate whether you can appeal a claim rather than rebill, depending on the error.

There are three specific evaluation and management (E/M) modifiers. These are the -24, -25, and -57 modifiers. Only use these modifiers with E/M services. If you append them to any other service such as a diagnostic study or procedure, the carrier will automatically deny your claim.

Modifiers for Podiatry Services are:

Modifier 24:

Unrelated Evaluation and Management by the same physician during a postoperative period. When an unrelated E/M service is performed by the same physician during the postoperative (global period -10 or 90-day postoperative period) then append modifier 24 to the E/M procedure code. Make sure that we are not assigning the same diagnosis code which is the reason for the surgery which was performed earlier, and then there would be the chance of the claim getting denied.

To know more about the Correct Use of Modifiers for Podiatry Services, click here: https://bit.ly/3KhgRMc Contact us at info@medicalbillersandcoders.com888-357-3226.

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