Medical Billers and Coders

  Financial stability and profitability are becoming a rising concern for all medical practitioners with the ongoing changes that the healthcare industry is experiencing. Increased patient walk-ins, reduced Medicare reimbursements, declining collections and coding complexities are making bottom lines diminish for many medical practices. In such a bleak industry atmosphere, internists are facing the toughest of all times due to the diverse services offered by them. Internal medicine practitioners offer the first and foremost diagnosis for most medical conditions and in addition to providing basic treatments, they refer the majority of their patients to specialists for further medical care. This increases the dependence of an internist on other practitioners and thereby complicates the billing procedures tremendously. However, efficient billing and coding practices can not only improve profitability but also enhance patient care provided by internal medicine practices. To ascertain pr

  Medical billing can be challenging for all types of medical practices; however, for internal medicine physicians/internists, it can be even trickier as the billing procedure for them is quite unique.  Internal Medicine Practices  is a medical practice providing healthcare services for adult patients Why is Billing Unique for Internists? For the majority of medical conditions, patients first go to internal medicine practitioners for diagnosis and basic treatment. From there they are referred to specialists for further medical care if required. Due to this, internists become dependent on other practices or practitioners for payment and the billing process gets complicated Internal medicine practitioners offer diverse services. They see approximately 30-40 patients on a daily basis. Besides hospitals and nursing homes, they also visit patients at offices and homes. Due to a high number of patients, they need to handle a large volume of claims which creates a greater possibility

  According to a Physician Compensation survey conducted by Sullivan, Cotter, and Associates, specialty physicians across the US saw a 1.9% increase in their compensation in 2014. Internal medicine physicians also experienced a two percent change in their compensation between 2013 and 2014. The median total cash compensation for them recorded in 2014 is $213,428.  Our internal medicine billing process is streamlined so that you can have a healthy revenue cycle management. In this blog, Here we shared more reasons why you choose the MedicalBillersandCoders for the Right Internal Medicine Billing Solution. Even though the internal medicine specialty witnessed a slight increase in compensation this year, many internists continue to grapple with a shrinking bottom line. This is because treatment by an internal medicine physician depends on or collaborates with different diagnostic laboratories and care to justify. Due to such varied aspects of the treatment episode, the medical billing

What is the difference between other types of medical billing and internal medicine billing? In order to understand the differentiation, we require to identify the various properties of internal medicine. Internists offer care for a number of medical issues including serious and chronic conditions and face many challenges when it comes to billing provided services. Challenges such as up-gradation in CPT codes and guidelines could impress internal medicine billing. Major reimbursement depends on proper and effective  medical coding , and collaborating with  proficient internal medicine billing and coding organization  is the most effective way to keep updated and enforce these modifications. Key Aspects of Internal Medicine Billing to Impact Positively on the Revenue Performance: The Functionality of Internal Medicine Billing Rather than hiring inexperienced people or hurdles in building a team of billing experts, we are capable to handle billing patients as well as insurance providers

Many internists are opting out of private practice due to rising costs and reduced reimbursements. Billing and administrative challenges are also adding to their woes, forcing them to join large medical groups or take up jobs in hospitals. They are quitting their private practice to avoid the revenue challenges and the hassles of running a medical office. According to industry surveys, it has been observed that more than 70% doctors are spending one full day in a week on paperwork. For instance, a Physicians Foundation survey states that approximately 44% doctors are looking for ways to reduce their work hours and patients. Estimations have been made by the industry experts that productivity of physicians is estimated to drop by 25% due to mounting administrative burden. Similar to other specialties, many internists and their staff are also struggling with financial and administrative issues that pile up throughout the day or the month. Looking for more information about Internal Medic

  According to a Physician Compensation survey conducted by Sullivan, Cotter, and Associates, specialty physicians across the US saw a 1.9% increase in their compensation in 2014. Internal medicine physicians also experienced a two percent change in their compensation between 2013 and 2014. The median total cash compensation for them recorded in 2014 is $213,428. Even though the internal medicine specialty witnessed a slight increase in compensation this year, many internists continue to grapple with a shrinking bottom line. This is because treatment by an internal medicine physician depends on or collaborates with different diagnostic laboratories and care to justify. Due to such varied aspects in the treatment episode, the medical billing and coding become complicated. The medical claims for internists require joint coding of services. They also have to deal with a variety of separate codes as they have to treat various health disorders. Did you know that internists have the fifth-hi

Evaluation and management is the most important part of the practice for an internist and  coding  for these visits can have an important effect on the bottom line of a practice. The decision about what level to bill an evaluation and management code is rarely clear to most physicians. In order to determine what code to select for an evaluation and management procedure, it helps to first learn the elements of a code. Once you understand the elements and how they come together to create the level, it can be a lot easier to select a code with confidence.  In this article, we will focus on the documentation standards for evaluation and management codes:    Chief Complaint   Every evaluation and management visit should start with a chief complaint - some kind of reason why the patient needs to be seen. Only a simple explanation is needed, it may be “cough” “1-year recheck of diabetes” or “nausea since Tuesday.” The chief complaint is required in order to establish medical necessity, a fund