Is your Practice Prepared to deal with Radiology Billing Challenges?

1
Is your Practice Prepared to deal with Radiology
Billing Challenges?

• 24/7 Medical Billing Services
• info_at_247medicalbillingservices.com
• 1 888-502-0537

2
Outsourcing of radiology billing services has
become a common trend in the US healthcare
industry. Healthcare experts are choosing to hire
a reliable medical billing partner to ensure
accuracy in claims submission. This is because
lack of time and manpower has made it daunting
for radiologists to keep a track of billing and
coding processes. Billing inefficiencies are not
only resulting in denials and affecting payments
but also impacting the integrity of the
practice. Radiology practices are constantly
under pressure to prove their value and stay
ahead of the curve. Considering the changes in
payment models and introduction of quality
measures, they have to make more efforts in order
to thrive and survive in the changing landscape.
If claim denials and delayed payments have been
an issue for your radiology practice as well,
then you need to take necessary measures in order
to get your practice back on track.
3
(No Transcript)
4
Here are some of the common radiology billing
challenges that maybe eating into the bottom line
of your practice Increased billing error
monitoring More focus on recovery audits,
targeting reimbursement errors Documentation
errors Lack of right practice management
resources Evaluating your practice In order to
assess whether or not your practice is ready to
deal with billing challenges, you first need to
evaluate your billing-to-cash cycle. You need to
see if the incoming cash flow for at least the
last one year has been consistent or not.
Evaluate if the existing IT infrastructure at
your practice is fit enough to handle all billing
requirements, is there a need for any significant
upgrade, are you satisfied with the way your team
is handling the compliance and auditing
requirements. You will need answers to these
questions in order to prepare your practice for
future regulatory and payments changes. Even if
your in-house billing operations are hassle-free
and stable, evaluation of your billing operations
is very necessary. This will help you identify
loopholes, if any.
5
Is outsourcing the solution? Since radiology prac
tices need to ensure efficient and accurate
billing and also reduce overhead costs, they are
choosing to outsource these services to a third
party. By teaming with a reliable billing
partner, they are saving time as well as money.
They are not only getting timely reimbursements
but outsourcing has also eliminated the hassles
of compliance to HIPAA and other reforms for them.
6
Contact Us

• 24/7 Medical Billing Services
• 16192 Coastal Hwy,
• Lewes,DE 19958,USA
• 2028 E Ben White Blvd 240-1030,
• Austin, TX 78741,USA
• Phone  [phone] Fax 1
  888-635-9013
•  info_at_247medicalbillingservices.com