Medical Billers and Coders

  Care delivered by Ambulatory Surgical Centers (ASC) is more cost-effective compared to Hospital Outpatient Departments (HOPD) as it saves $2.6 billion a year for Medicare. However, the reimbursement rates for ASCs have been shrinking over the last decade, posing survival challenges for providers. On average, they are reimbursed 58% less compared to a hospital for a similar procedure. It has become important for the ASCs to identify and measure their revenue cycle key performance indicators ( KPI ) for ensuring financial success considering the shrinking reimbursement rate. According to industry experts, it is necessary to make sure that ASCs thrive financially because they play an essential role in providing high-quality, affordable care to patients. Have you Measured the KPIs yet? Is your revenue cycle being managed efficiently? Have you identified the KPIs of your revenue cycle such as net collection ratio and the AR aged above 90 days? If the answer is no, you need to start f

  Healthcare reforms and services are driving the change in the way the medical industry, including hospitals, healthcare centers, ambulatory surgical centers, and medical coding and billing services   work. As medicinal reforms cause variance in repayment rates, doctors and physicians more or less are shifting towards in-house hospital jobs to provide quality, financially affordable care, which most of the ASCs do offer but with some hindrances. In this blog, Here our medical billing and coding experts shared 4 outpatient surgery center coding and billing tips. Here are 4 Outpatient Surgery Center Coding and Billing Tips. 1. Conduct Sporadic Coding Reviews. It is critical to direct and conduct periodic coding reviews by an outside coding organization, whether your center outsources its coding benefits or utilizes an ensured coder. That way you can wipe out the conflicting situation a customary coding institute might have in discovering coding mistakes in the belief of increasing

  Same-day surgery now constitutes more than half the surgeries performed across America. Any surgical methodology performed without a healthcare office inpatient affirmation and an overnight stay is considered an outpatient surgery framework, whether they happen in a specialist facility, a physician’s clinic, or an outpatient surgery center. There are various obstinacies behind this development in the surgical zone. Outpatient surgeries are less immoderate than those performed on an inpatient premise and innovative advances have made outpatient surgeries more secure. Outpatient procedures, once compelled to astoundingly minor surgeries, for instance, cataract removals, now consolidate methodology as varied as facelifts, tonsillectomies, colonoscopies also pacemaker inserts. Alongside this  Ambulatory Surgical center billing and coding  maintenance has enhanced the utilization of ASCs, more than conventional social healthcare establishments. Here are the top 3 Ambulatory Surgical Cen

  Ambulatory Surgical Centers (ASCs) cater to patients who need medically essential surgeries but do not require an overnight stay at a hospital. The following are certain frequently asked ASC Billing Questions arena: 7 Frequently Asked ASC Billing Questions 1. Which is the top information systems management for ASCs? A couple of models used for ASCs are Electronic billing and a strong reporting package, the ASP model for supporting business competence, data analysis using Excel, immediate insurance verification, scanning of reports into patients’ charts, software compatibility, facility billing, and the ASP model for business competency. Types of A/R reports that ASC software programs can generate are insurance provider, financial class, date, patient, and procedure. 2. What is the standard for A/R days outstanding? A/R is the money owed by a patient to ASC for services provided (short-term asset). Due to a difference in the case of each patient along with different insurance p

  Introduction to MBC as a Leading ASC Billing Company Medical Billers and Coders (MBC) is a leading ASC billing company that specializes in providing comprehensive billing services to ambulatory surgery centers (ASCs) across the United States. With over 20 years of experience in the healthcare industry, MBC has developed a reputation for delivering high-quality billing services that help ASCs maximize revenue and reduce denials. MBC’s team of certified coders and billing specialists work closely with healthcare providers and practices to develop customized billing solutions that meet their unique needs. MBC’s comprehensive billing services cover the entire billing cycle, from claims submission and follow-up to payment posting and reconciliation. MBC’s team of experts uses advanced technology and software to automate many of these processes, ensuring accuracy and efficiency. MBC also offers denial management services, identifying the root cause of claim denials and working with ASC

  Ambulatory Surgical Centers or ASCs as it is commonly called were first established in Phoenix, Arizona in 1970 by two physicians who wanted to provide comfortable care to the people in their community so that they could avoid more impersonal venues like hospitals. Slowly over the years with Medicare approving payments to ASCs they have gained prominence and in some cases are scoring over the normal hospitals for certain procedures. The fact that ASCs provide a high-quality yet cost-effective alternative to the inpatient care provided at hospitals has seen a surge in outpatient centers. Hospitals grappling with scheduling delays, slow operating room turnover, and budget cuts which have impacted the purchase of new medical equipment, coupled with other operational issues that have prompted patients to visit ASCs to receive care. Industry Snippet The revenue of the ASC is slated at $28 billion with an expected growth rate of over 5 percent between the years 2010– 015. ASCs are sai

  Ever since their inception, Ambulatory surgery centers (ASCs), have been providing improved quality and customer service to the healthcare industry.  ASCs offer patients the opportunity to have selected surgical and procedural services performed outside the hospital setting.  ASC Centers  perform more than 7 million procedures for Medicare beneficiaries needing same-day surgical, diagnostic, and preventive procedures. Multisite practices operate nearly 26 percent of ASCs and the remaining 74 percent are stated to be independently owned. Because ASCs perform specific services and do so more efficiently, Medicare reimburses ASCs as a percentage of the amount paid to HOPDs, and pays ASC centers 53 percent of HOPD rates. A review of commercial medical claims data found that U.S. healthcare costs are reduced by more than $38 billion per year due to the availability of ASCs as an alternative, high-quality setting for outpatient procedures. The Basic Requirements Healthcare facilities

  Patient billing is one of the major complaints that patients have when it comes to the total experience of getting medical care. If your hospital is relating patient satisfaction to the patient’s clinical experience, an important aspect is being missed out. How your patients will assess their overall quality of care will depend majorly on their billing and payment experience. The purpose of  hospital billing  is to bill the claims for in-patient and out-patient services provided by hospitals or healthcare organizations. Every successful interaction your medical office will have with the patients (from the time of appointment scheduling till the bill is paid in full) will help your hospital achieve excellent patient satisfaction results. What needs to be done? Hire well-trained medical office staff Create a team of certified coders and billers Improve front-end processes Perform workflow and productivity assessment of the in-house staff Provide training and development to me

  Outsourcing Hospitalist Billing Increases Revenue By outsourcing hospitalist billing, a team of experts will manage the accounts receivables (AR). Billing experts capture denials and accurately report the EoB (explanation of benefits) information, resulting in a considerable drop in the processing time. In the case of an in-house billing system, the claims would have to wait if the biller goes on a holiday or falls sick. Outsourcing billing services take care of such situations and ensures a steady flow of claim submissions. Accurate and Timely Submissions Professional billing service providers submit accurate medical bills and file claims on time. This results in an increase in the number of medical reimbursements. With expert billers, there would be minimal coding errors, which ultimately lead to reduced claims denials. Outsourced billers keep track of the progress of denials and help streamline them and the claims appeal too. They categorize payers as per the respective time

  Ambulatory Surgical Centers (ASCs’) are very busy places with a constant influx of patients; hence additional administrative tasks can be time-consuming. With ASCs’, there may be challenging times when deadlines are short and compliance regulations are stringent, so managing billing can be a costly affair in ways more than one. Therefore, outsourcing may seem to be an effective option for Ambulatory Surgical Centers. Outsourcing ASC billing can be beneficial in many ways as listed. Furthermore, there are a lot of aspects that need to be taken care of when billing. Any negligence can cause a loss of revenue. The in–house team may or may not be able to cope with the changing regulations resulting in the submission of incorrect bills. Moreover, the ASC teams’ primary role would be to attend to the patients and the simultaneous billing could seem like an added stress. Industry Snippet The ASC industry is pegged at 28 billion dollars with an annual growth rate of 4%. It is employing

  Denied ASC claims and moderate repayments jeopardize profits and are a window into the trustworthiness of the procedures and work process of surgery centers. In this blog, we will look at some of the striking reasons for denials in surgery claims and also address and ideally lessen the recurrence of issues brought about by denied claims. Missing Documentation Connected to the Case Payers may require extra documentation, for example, the agent note or embedded receipt, connected to the case, which experts suggest can be a slowing down strategy by the payers to abstain from paying the case. To refrain from accepting persistent solicitations for extra documentation, you can sit down with the payer and lay out which reports are expected to get the case paid. Generally, the payer will ask for medicinal records for one case, and afterward an operation note for another, and afterward something else for another. The Issue with Payer’s Framework for Claims and Payments If your surgery

  With regard to medical coding and billing, analyzing every part of the task is important for ensuring minimal errors. For some bustling Ambulatory surgery centers, overseeing the billing procedures is a consistent battle, and the explanation of which is lost behind incomes. To help ASC manage an efficient charging process, outsourcing the surgical center billing would help a lot in dealing with a patient’s claims, reimbursement, and errorless billing documentation. Keep reading to learn ASC billing and coding. Here are some things that ASC Billing Managers should keep in mind for a smooth Billing Process: 1. Maintain Records of Unbilled Patient Accounts Patient records with balances ought to be checked at all times. Many facilities have a choice to prepare electronic patient statements through a clearinghouse from their practice administration framework, or they can print paper claims right from their office. How regularly this is done depends on the facilities; most facilities

  ASC billing and coding is one critical undertaking, which if not performed wisely could lead the facility to the threshold of business losses. As Healthcare provider and payer regulations keep altering each year, the billing department of an ASC needs to refurbish their old charging provisions with new ones. But, as all problems today have a solution, so do this, and this is where  Outsourced Medical Billers and Coders  come to the forefront.  Outsourcing ASC Billing provides long-term profitability and the opportunity to grow without disrupting the ongoing RCM cycle of your practice. Choosing the right billing agency to handle your claims while outsourcing company charging prerequisites should not be taken lightly. There’s a significant amount of money and trust involved as you are relying on another person with your revenue cycle, which is the lifeline of your practice. Before selecting the right company, Physicians need to become as informed as possible. Part of making a susta

  Compliance guidelines that govern the Ambulatory Surgery Center’s reimbursement are wide-ranging, complex, and ever-changing. Hence, it’s important for ASCs to hire or partner with Ambulatory Surgery Center medical billing and coding management consultants who understand the legal rules placed on ASCs, including specialized coding, accreditation, documentation, and reimbursement care contracts. Here are Prominent Ambulatory Surgery Center Medical Billing Functions are Affecting Your Practice Revenue The Rise in the Number of Accounts Receivable (AR) Days AR basically refers to the average number of days that an ASC takes to collect payments for the services provided. Days in  AR  are one of the main methods that ASCs use to measure their financial performance. The factors impacting the AR days are procedure scheduling, patient pre-registration, insurance verification, patient financial counseling, patient payment plans, and patient collections. An important tip here would be set

  Modifiers are two-digit symbols added to CPT procedure codes to signify the procedure has been altered in some way. Modifiers are accepted by Medicare and most other payers, however, using modifiers correctly can be confusing, since not all payers want modifiers used the same way. Medicare defines the ASC facility’s Global Period to be 24 hours from the time the first procedure begins – it is NOT 10 or 90 days like the physician’s Global Period might be. However, some payers other than Medicare might consider the Global Period to be 48 – 72 hours for ASC facilities. Some Modifiers are for use by physician practices only, some for use on facility claims only, and some are for use by both provider types. In this Blog, we have discussed the correct use of modifier 50 in  ASC billing . Not using Modifiers according to each payer’s specifications can cause unnecessary denials or cause claims to not pay properly. Certain Modifiers are for use because the patient had to return to the OR

Despite the fact that the basic observation might be that using the services of an Ambulatory Surgical Center (ASC) will spare cash, as contrasted to using the services of hospitals for outpatient surgery. However, this may not generally be the situation. Actually, the outcomes can differ significantly from state to state. A restorative office handles the regulatory errands for a therapeutic practice, clinic, or another medicinal facility including welcoming patients, planning appointments, registration, and enlistment; also collecting cash and various different assignments including medical billing. While the vast majority of alternate undertakings performed by the medicinal office are the same overall healing centers, ambulatory hospital billing services are most certainly not. If you ask most medical billers, they will mention that there are noteworthy contrasts in the handling of medical cases over various claims, specialties, and facility services. There is a flat-out contrast in