Radiology And Imaging Centers Billing Best Practices

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Radiology And Imaging Centers Billing Best
Practices

• Todays radiology practices face significant
  financial challenges. Over the last decade,
  compliance rules have changed, physician
  reimbursements have fallen, high-deductible
  health plans have become common, and the costs of
  employing staff to provide services, such as
  Radiology and Imaging Centers Billing and audits,
  have risen. All of these factors have reduced the
  operating margins of practices. In other words,
  it can be said that radiology practices face
  numerous reimbursement challenges adding
  trouble to their survival. But fortunately, such
  practices can improve inefficiencies in various
  ways. As a result, practices should consider
  novel approaches to managing these dynamics.

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• 1. Leverage Technology for Collections
• After insurance payments, there will inevitably
  be uncollected balances, and the practice will
  have to contact the patient for payment. Accounts
  receivable follow-up activity can be scheduled
  and executed automatically. The current standard
  for accounts receivable processing is to get the
  patient 30 days after the initial statement via
  an automated phone call. Automated outbound
  patient calls should be made during call center
  hours of operation so that the patient can be
  transferred directly to an agent if desired. The
  contact would become a final notice before
  collection on the third cycle.
• 3. Other Practices
• Monitor Medical Necessity
• Keep Dictation Needs Up to Date
• Examining the Templates and Exam Titles
• Review the templates and exam titles used for
  billing on a regular basis. This will aid in
  ensuring that they remain accurate and up to
  date.

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2. Avoid Backlogs in Radiology and Imaging
Centers Billing Many radiologists juggle
multiple patient care priorities as they work in
health systems and radiology clinics. When you
add billing administrative tasks to their list of
responsibilities, they frequently require
assistance to cope, resulting in piled-up medical
billing tasks and delayed reimbursements. They
can stay current on billing and achieve better
financial outcomes by turning to specialized
medical billing companies while significantly
reducing total costs to manage medical billing
processes. Nowadays, reimbursement rates are
declining while employee costs are rising
radiology clinics and health systems need help to
achieve and maintain profitability. You can rely
on the radiology billing and coding outsourcing
option to improve your financial performance, as
the third parties have a robust global delivery
model and specific expertise in radiology
billing.
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Timely Claims Reimbursement!

• The financial stability of radiology and imaging
  centers is inextricably linked to timely medical
  billing and reimbursement. Thereby, hiring
  medical billing companies would greatly assist
  healthcare practices in increasing their revenue.
  An experienced medical billing company such as
  24/7 Medical Billing Services can provide
  hospitals and imaging centers with
  accurate radiology billing services. 
• A professional billing service provider enables
  radiology practices and imaging centers to submit
  error-free medical bills within the time frame
  specified, avoiding the possibility of claim
  denial or rejection. They would not only be able
  to maximize their reimbursement and revenue but
  also save the time and effort required to perform
  in-house medical radiology billing procedures.

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About 24/7 Medical Billing Services
24/7 Medical Billing Services is the nations
leading medical billing service provider catering
services to more than 43 specialties across the
entire 50 states. You can rely on us for
end-to-end revenue cycle management. We guarantee
up to 10-20 increase in the revenue with cost
reduction of your practice for up to 50.
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Call us Today
Media Contact 24/7 Medical Billing
Services, 28405 Osborn Road, Cleveland, OH,
44140 Tel [phone] Email
info_at_247medicalbillingservices.com Website
https//www.247medicalbillingservices.com/
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