How to Reduce Days in A/R with Smart Denial Management Strategies

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 Timely reimbursement is the lifeblood of a financially healthy medical practice. Yet, increasing Days in Accounts Receivable (A/R) continues to be one of the most pressing revenue cycle issues for healthcare providers. One of the major culprits behind this issue? Denials. In this blog, we explore how strategic denial management not only reduces days in A/R but also improves cash flow and strengthens your bottom line. Understanding Days in A/R Days in A/R refers to the average number of days it takes for a practice to collect payments due after services have been provided. Industry benchmarks typically suggest keeping A/R days under 35. Anything higher signals inefficiencies - and likely unresolved denials. How Claim Denials Affect A/R Denied claims delay payments and increase administrative burden. Without an effective process to identify, appeal, and correct them, your A/R days will climb - and revenue will suffer. Top causes of denials include: Missing or incorrect ...
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Understanding Basics of Neurology Billing for Improved Payments

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Basics of Neurology Billing

Understanding the Basics of Neurology Billing is essential for healthcare providers who offer neurology services to patients. Neurology billing involves the process of submitting claims to insurance companies or other payers for reimbursement of the services provided by healthcare providers. Neurology billing codes are used to identify the specific services provided, and these codes are based on the Current Procedural Terminology (CPT) system. The CPT system is maintained by the American Medical Association (AMA) and is used by healthcare providers across the United States to bill for their services.

It is important for healthcare providers to have a thorough understanding basics of neurology billing codes and how to use them properly. Failure to use the correct codes can result in delayed or denied payments, leading to financial losses for medical practices. Additionally, medical practices must ensure that they comply with all relevant regulations and guidelines related to neurology billing, including those set forth by the Centers for Medicare and Medicaid Services (CMS) and private insurance companies.

Challenges in Neurology Billing

Navigating neurology billing can be a challenge for healthcare providers due to the complex nature of the billing process and the ever-evolving regulatory landscape. One of the biggest challenges in Neurology Billing and Coding is ensuring compliance with the rules and regulations set forth by insurance companies and government agencies such as the Centers for Medicare and Medicaid Services (CMS). Failure to comply with these regulations can result in denials or delays in payment, as well as potential legal and financial penalties for medical practices.

Another challenge in neurology billing is the need to stay up-to-date with the latest billing codes and regulations. Neurology billing codes are constantly changing and evolving, making it difficult for medical practices to keep up with these changes. This can lead to confusion and errors in billing, which can result in lost revenue and inefficiencies in the revenue cycle management process. Healthcare providers must invest in ongoing education and training to stay informed about the latest billing codes and regulations and ensure their billing practices remain compliant.

To learn more about Understanding the Basics of Neurology Billing for Improved Payments, click here: https://bit.ly/3LShMC9 Contact us at info@medicalbillersandcoders.com/ 888-357-3226.

Location: United States

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