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Showing posts with the label Neurology Billing

Why to Outsource Neurology Medical Billing?

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  As a neurologist, you understand the importance of accurate and timely medical billing for your practice. However, managing complex billing and coding procedures can be time-consuming and often lead to errors that can have a significant impact on your revenue. This is where outsourcing your neurology medical billing can help streamline your billing process, reduce errors, and improve your bottom line. Neurology Medical Billing: Understanding the Challenges Image Source Neurology medical billing is a highly specialized area of medical billing that requires expertise in the unique coding and billing requirements specific to neurology. This includes the correct coding of procedures, treatments, and tests, as well as understanding the complexities of insurance policies and regulations. Any mistakes made in coding or billing can result in denied claims, delayed reimbursements, and lost revenue. Moreover,  neurology medical billing and coding  are not only complex but also require co

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

How to Outsourced RCM Services Bolster Neurology Billing?

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  Managing a doctor’s facility is not an easy task, especially when you are in neurology. Overseeing medical development and keeping a healthy business structure can be possible when all the fuss of medical billing services is outsourced to a professional and trustworthy association. As you tackle more patients and offer more extensive administration or specialties, for instance, your income extends too. Entrusting your neurology billing & coding to experts like us enables you to focus your resources on patient care while taking care of your financial stability and growth. With demanding circumstances and situations in healthcare, where dwindling revenue is becoming rampant with increasing profitability becoming the need of the hour, you can envision what a help it would be if a  medical billing service  could take care of the expanded sum and rate of cash that is coming in now. Are Neurology Administrative Tasks Becoming Monotonous? In case you’re feeling some expert disconte

Impact of 2023 MPFS Proposed Rule on Neurology Billing

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2023 Medicare Physician Fee Schedule Proposed Rule Recently, the Centers for Medicare & Medicaid Services (CMS) released the CY 2023 revisions to payment policies under the Medicare Physician Fee Schedule (MPFS) and other changes to the Medicare part B payment policies (CMS-1770-P) proposed rule. In this article, we shared the impact of the 2023 MPFS proposed rule on  neurology billing , the key points are as follows: Impact of 2023 MPFS Proposed Rule on Neurology Billing CMS shows the impact of the provisions of the rule to be a zero percent chance for neurosurgery. However, CMS proposes a CY 2023 conversion factor (CF) of 33.0775, which is a 4.42 percent (rounded to 4.5%) reduction relative to the CY 2022 CF of 34.6062, which comes in addition to the pending 4% pay-as-you-go cut that congress postponed last year and the resumption of the 2% annual Medicare payment sequester. CMS received a request to designate CPT code 23091 (Allograft, structural, for spine surgery only) as po