With the orthotics billing constantly evolving and changing, it is further complicating the whole billing and coding process. In fact, technological advancement and the ever-changing billing regulation today has been the rising issues that many healthcare providers are finding trouble with.
This is why today outsourcing has been on-demand as healthcare providers find it as a convenient solution.
Why so?
Taking care of every amount of minutiae data entry information that is needed for your orthotics billing process along with following up, eligibility verification process, etc; outsourcing takes the complete orthotics billing responsibility.
Saving the healthcare provider’s time and money, outsourcing also helps to increase efficiency and accuracy. With a team of an experienced pool of billers and coders, outsourcing ensures a faster billing process with reduced denial and rejection rates.
Helping with reimbursement acceleration, highest productivity metrics, and collection rate; the main focus of outsourcing organization is to help you focus more on patient care.
In fact, today there are many outsourcing organizations that not only help you with seamless billing transactions but also cash flow. Ensuring continuous follow-up steps involving in documentation, eligibility verification, authorization and claims, and account receivable management, there is outsourcing RCM organization that spend their time in helping you with all your billing requirements starting from:
· Order entry (patients, providers, insurance, items, etc)
· Eligibility verification (both online and calling)
· Prior authorization with patients calling and doctor’s office follow up for relevant documentation that needed for the process
· Re-authorization
· order Confirmation
· Scheduling of the delivery
· Claims management
· Rejection management
· Payment posting auto (with and without audit as well as manual)
· Account receivable follow-up
· Account receivable and denial management
Eliminating issues like billing and coding errors, proper patient validation, rising DSO’s, pending A/R’s, submission of claims and delayed reimbursement, outsourcing RCM organizations that have the ability to deliver customized solutions also impact the financial metrics as well while reducing your operational cost by 80%.