Top 5 Mistakes With Wound Care Billing

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Top 5 Mistakes With Wound Care Billing
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INTRODUCTION

• Four out of five bills have at least minor
  inaccuracies, which can lead to piling of
  exorbitant medical costs, burning a hole in the
  medical pockets. Other typical errors include
  paying for the same service more than once or
  adding incomplete or inaccurate information for a
  patient. A billing department could misplace or
  misinterpret information from the doctors notes
  too. Sounds scary, doesnt it?
• Not to add to your list of worries but some
  service providers have been charged with
  upcoding, the deliberate use of false billing
  codes to enhance remuneration for their services.
  Although the majority of the additional expenses
  may be covered by insurance companies,
  overcharges for premiums and medical services
  frequently have an impact on individual patients
  more directly. This acts as a loophole for your
  entire patient cycle.

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Top 5 Mistakes With Wound Care Billing

• Lets glance through the top 5 challenges to
  ensure that your medical setting does not face
  the same, shall we?
• Error with Medical Codes
• Time Consuming
• Insurance Underpayments
• Patient Billing
• Poor Maintenance Records

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How to overcome these challenges?

• To ensure proper payment and processing by both
  public and private insurers, the first and most
  important element of the RCM process should be to
  monitor and verify the billing statements.
• Improve payment rates and increase income by
  responding to insurer inquiries about claims and
  filing appeals for refused claims within a
  predetermined time frame.
• Revenue may be significantly increased by
  improving patient bill collection through better
  customer service and setting up an interactive
  interface to walk people through the billing
  process.

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There is more to come, so why settle?

• Any underpayments can be discovered at the
  correct time by checking the payments received
  from all insurers and comparing them to the bills
  submitted.
• Early discovery can help with timely claim
  submission or document rectification, which can
  result in full payout by the insurers.
• Rules and claim procedures specific to wound care
  are different from general billing procedures
  used by primary care physicians and vary from
  insurance to insurer, thus hiring the
  professionals in the medical billing industry is
  the way to go.
• By paying close attention to these particular
  billing methods, errors and underpayments by
  reimbursing parties can be completely avoided.

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Why resort to medical providers for wound care
billing?

• Outsourcing Wound Care Billing Service has been
  shown to be a low-cost method of increasing
  revenue. These medical billing providers are
  qualified billers with experience in wound care
  billing and coding, and every member of the team
  has received training in HIPAA compliance to
  protect the security of your patient information.
  Physicians see a significant decrease in stress
  when they let the professionals handle all the
  billing and coding hassles, which is an
  additional and possibly even greater advantage.

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Why Pick Medisys Data Solutions For Wound Care
Billing?

• Medisys Data Solutions is committed to managing
  the Revenue Cycle Management at an ease.(RCM). We
  believe in offering our clients error-free
  healthcare billing services with a speedy
  response as a top provider of medical billing
  services in the USA. Only by utilizing the most
  cutting-edge and effective medical billing
  software is this feasible. Furthermore, nearly
  all billing softwares are familiar to us,
  leaving no stone unturned.

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Conclusions

• Medisys Data Solutions is committed to managing
  the Revenue Cycle Management at an ease(RCM).
• We believe in offering our clients error-free
  healthcare billing services with a speedy
  response as a top provider of medical billing
  services in the USA.
• Only by utilizing the most cutting-edge and
  effective medical billing software is this
  feasible.
• Furthermore,nearly all billing softwares are
  familiar to us, leaving no stone unturned.
• What are you waiting for? Lets get start!

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About Us

• Medisys Data Solutions is a leading medical
  billing company providing complete assistance in
  medical billing and coding. We can assist you in
  receiving accurate insurance reimbursement from
  private and government payers. With our services
  like benefits verification and credentialing
  enrollment, you can add more providers in your
  practice. To know more about our specialty
  specific medical billing and coding services,
  contact us at info_at_medisysdata.com/ 302-261-9187.
• GET IN TOUCH
• 302-261-9187
• Address
• Medisys Data Solutions Inc.
• 8 The Green STE A, Dover, Delaware 19901,USA
• Email info_at_medisysdata.com

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Thanks

• Do you have any questions?
• info_at_medisysdata.com
• 302-261-9187
• medisysdata.com