Title: Billing Guidelines for Your OB-GYN Practice to Follow
1(No Transcript)
2Billing Guidelines For Your OB-GYN Practice To
Follow
Obstetrics and Gynecology is one specialty that
involves capacious claims filing. OB-GYN Practice
Services are rendered for many family planning,
obstetrics, gynecology, and anesthesia
procedures. Yet, opportunities to maximize
reimbursements are missed in virtually every
family practice. Under-coding, omitting
modifiers, and submitting claims without the
documentation needed to support them are everyday
events. The lost revenue is no small
change. Hence, outsourcing to a
professional medical billing and coding company ca
n do wonders. Outsourcing medical billing and
coding understands the particulars that go into
the process for OB-GYN billing services, and this
is why the experience of hiring an outsourcing
medical coding makes a difference. The team is
adept and keeps itself up-to-date with the latest
happenings in the healthcare industry, thus
assuring no impacts on your practices bottom
line. Experience uninterrupted cash flow and
lower your denials. Below are the guidelines for
your OB-GYN Practice to follow Outsourcing Will
Be A Wise Decision The process of outsourcing
billing is straightforward for office and medical
staff. Bills and documents are scanned and sent
electronically to the medical billing service.
3Billing Guidelines For Your OB-GYN Practice To
Follow
- The medical billing staff handles data entry and
claim submission on behalf of the practice. The
industry average pay is around 7 charged for
processing claims. In addition, the medical
billing service follows up on rejected claims,
handles delinquent accounts, and sends invoices
directly to the patients. - How can OB-GYN Practice Billing Guidelines Help
with correct coding? - OB-GYN healthcare professionals are well-versed
in the effects of incomplete, wrong, or delayed
clinical documentation, which can ultimately
affect their financial bottom line. - Thorough and precise documentation is the basis
of all medical coding, billing, claims
submission, and follow-ups. Correct medical and
billing coding of OB-GYN services makes receiving
accurate payment easy and hassle-free, and it
hinges on quality, precise, and thorough clinical
documentation. - The Obstetrics Gynecology Billers and Coders
would initiate a follow-up on patient claims
pending for more than 18 days and optimize your
current cycle to 21 to 25 days, depending on the
kind of insurance accepted by your clinics, with
their accumulated knowledge of - Accurate Coding On ICD-10 And CPT Platforms
- Raising Paper And Electronic Bills
4Billing Guidelines For Your OB-GYN Practice To
Follow
- Following Up With Pending And Under-Paid Claims
- Working On Pre-Authorization For Approaching
Procedures - With the help of a professional medical billing
service, you have paperless billing, which
streamlines the billing process. This assures
patient privacy, remains organized, and ensures
client satisfaction. Digital documentation means
you do not have to have extra storage space, and
costs are reduced on office supplies. Finally,
accuracy and efficiency are assured with the
electronic billing option.
5Billing Guidelines For Your OB-GYN Practice To
Follow
- OB-GYN Practice Needs Super-Efficient Coding
Process - An overworked coder rushing to beat peak-hour
traffic and a busy OB-GYN physician is the
perfect recipe for coding errors and penalties.
Most OB-GYN practices have more than one
physician to handle any emergency care the
specialty demands. Looking at their schedule,
getting a medical billing coding company on board
is highly recommended. - You could either stick to middle-of-the-road
coding and lose hundreds of dollars every month
or work with expert OB-GYN medical billers and
coders who can speed up your coding processs
accuracy and efficiency. - Benefits Of Hiring OB-GYN Billers
- Our Specialty Medical Billers Have Many Tasks
- Understanding Fee Schedules, Commercial Payer
Regulations, And Medicare / Medicaid Guidelines. - Answering Patient Queries Regarding Billing
- Compliance With All HIPAA Regulations And Rules
To Assure Accurate Billing. - Data And Charge Entry
- Management Of Accounts Receivable
6Billing Guidelines For Your OB-GYN Practice To
Follow
- Physician Credentialing For The Healthcare
Facility - HCPC, ICD-10, And CPT Coding
- Payment Posting
- Electronic Data Interface
- Handling Denials Through Dedicated Revenue
Management - Final Thoughts
- OB-GYN Medical Billing Companies are an efficient
way to cater to many specialties for their
revenue cycle management in the medical fields,
including OB-GYN. As this specialty deals with
voluminous claim filings, they are more
proficient at dealing with all sorts of issues
and errors, such as maternal-fetal medicine,
gynecological urogynecology, pelvic
reconstructive surgery, menopausal and geriatric
gynecology, family planning claims, etc. - Outsourcing medical billing companies keep the
payment cycle to a maximum of 25 days. Their team
is well versed with HCPCS codes such as J2675,
G0101, Q0091, and CPT code 59514 and their
complicated services and reimbursements. With
increased medical cases, competition, and billing
and coding regimens, there is hardly any reason
that you should not choose an outsourcing medical
billing company for all your OB-GYN billing and
coding needs.
7Billing Guidelines For Your OB-GYN Practice To
Follow
- MBC is a leading outsourcing medical
billing company that provides complete revenue
cycle services. To learn more about OB-GYN
billing services, contact us at info_at_medicalbiller
sandcoders.com or 888-357-3226. - FAQs
- Why is outsourcing OB-GYN billing and coding a
good choice for practices? - Outsourcing allows OB-GYN practices to streamline
billing processes, improve accuracy, and reduce
errors. A specialized billing service can handle
claim submissions, follow-ups on rejected claims,
and manage delinquent accounts while ensuring the
practice adheres to payer requirements and
maximizes reimbursements. - What are the common issues in OB-GYN billing that
can affect reimbursement? - Common issues include under-coding, missing
modifiers, incomplete documentation, and delayed
claim submissions. These errors can result in
lost revenue and claim denials, so expert coding
and thorough documentation are essential. - How can precise coding improve the revenue cycle
for OB-GYN practices? - Accurate coding on ICD-10 and CPT platforms
ensures proper reimbursement and reduces the
likelihood of claim denials. By partnering with a
professional billing service, OB-GYN practices
can maintain high coding standards,
8Billing Guidelines For Your OB-GYN Practice To
Follow
leading to an efficient revenue cycle with timely
payments. What tasks do OB-GYN medical billing
companies handle? OB-GYN medical billing
companies manage fee schedules, comply with
Medicare/Medicaid and commercial payer
guidelines, conduct charge entry, handle accounts
receivable, post payments, process electronic
data, and manage denials through revenue
management. They also support HIPAA compliance
and answer patient billing queries. What are the
benefits of electronic billing for OB-GYN
practices? Electronic billing streamlines the
billing process, reduces the need for physical
storage, cuts office supply costs, and enhances
accuracy and efficiency. It also ensures patient
privacy and improves organization, allowing
quicker claim submissions and reimbursements.