The coder may also add a modifier based on the payer and type of procedure (CPT code). It is important to know payer guidelines and claim requirements to ensure reimbursement for the service or encounter. Challenges: Improper documentation of the encounter Patient policy unawareness High costs of...
Combat Rising Costs of Running Your Own Practice Assess your practice for potential savings, find ways to increase revenue, and help your patients lower healthcare expenses. Read Now What problem can we help you solve? Practice Size My biggest challenge is Get Started COMMITTED TO YOUR SUC...
Find More Coverage, Shrink Accounts Receivable, and Capture More Revenue With patients responsible for more out-of-pocket expenses than ever before, correctly identifying self-pay patients and capturing maximum reimbursement for all services rendered can be a challenging and labor-intensive exercise. ZOL...
Improve cash flow, reduce accounts receivable aging, and strengthen financial performance through effective follow-up on outstanding payments. Denials Management Efficiently manage and resolve claim denials to revenue loss. Optimize reimbursement rates, and ensure smooth revenue cycle operations.Boost...
RCM compliance delves into the rigorous adherence to all applicable laws, regulations, and payer guidelines related tobilling,coding, and reimbursement. It transcends mere adherence, emphasizing ethical, accurate practices to minimize the risk of financial penalties, legal repercussions, or reputational dam...
The global revenue cycle management (RCM) market refers to the comprehensive management of financial processes in the healthcare industry, spanning patient registration to claim reimbursement. RCM involves streamlining administrative and clinical functions to enhance healthcare providers' revenue generation and...
Get maximum reimbursement at minimum cost as our end-to-end medical billing services don’t just monitor your account and make easy claim submissions but actively manage it from top to bottom to improve the financial performance of your practice. Enjoy your increased revenues, reduced expenses, an...
and patient volumes finally stabilize. Many are turning to BPOs, or business process outsourcing (BPO), to optimize administrative processes. Providers are also outsourcing revenue cycle functionsin the face of persistent labor shortages and the complexity of payer requirements for claims reimbursem...
"In early 2010, I enlisted Precision for revenue cycle management services. Since that time, I have watched my practice grow and have been pleased with the support received by PPM. Accurate billing and reimbursement are of the utmost importance to my practice, and with PPM’s support, I know...