Benefits of Chiropractic Insurance Billing When looking to increase your client base, your practice should be in-network with insurance this can help you reach new patients. Patients looking for a new provider will often turn to their coverage to find who is going to accept their insurance. You will come up as an in-network provider, […]
Challenges in pharmacy billing are affect the pharmacy revenue flow. Rapid changes in healthcare and increased demands in healthcare, pharmacies too are facing the effects. There are multiple barriers are keeping them from maintaining smooth revenue flow. Challenges in billing significantly impact the bottom line, though a host of other challenges exist that can impact […]
Modifier 53 could almost be stated to as a forgotten modifier; practices forget or just never find out how to appropriately use it. This is often partially because there’s no set definition for ‘extenuating circumstances,’ leaving it susceptible interpretation and diminishing appropriate use. It’s especially unfortunate how disused modifier 53 is, because by not using […]
The CY 2021 Medicare Physician Fee Schedule Proposed Rule with comment period was placed on display at the Federal Register on August 4, 2020. This proposed rule updates payment policies, payment rates, and other provisions for services furnished under the Medicare Physician Fee Schedule (PFS) on or after Jan. 1, 2021. “During the pandemic, physicians […]
Current Procedural Terminology Code 99072 Reporting: Additional supplies, materials, and preparation time required and provided by the physician or other qualified health care professional and/or clinical staff over and above those usually included in an office visit or other service(s), when performed during a nationally declared public health emergency due to respiratory transmitted infectious disease. When reporting […]
According to the American Medical Association (AMA), 25 to 30 percent of the country’s total health care costs are direct transaction costs and inefficiencies associated with the “claims management revenue cycle”. Increasing proficiency and improving collection should be top priorities for health care providers with mainly focused on improving prior authorizations and eligibility before an […]
What is the GQ modifier? Per the AMA, Modifier GQ means, “Via an asynchronous telecommunications system.” Asynchronous telemedicine means that medical care was provided via image and video that was not provided in real-time. According to John Verhovshek, when reporting a covered end-stage renal disease-related service telehealth code (e.g., 90951 End-stage renal disease (ESRD) related […]
According to a new report provider prices for out-of-network COVID-19 tests are higher than the average cost of in-network tests. America’s Health Insurance Plans (AHIP) is calling on the government to stop price gouging after finding provider prices for out-of-network COVID-19 tests far exceeded the average cost of in-network tests. In a report released late […]
For any practice, reducing the claims denials can put them on the path to increase in reimbursement. Your staff or outsourced billing company often sees the word “claim denied”, which leads to increased work and less revenue for your practice over a time. American Medical Association study found that many medical practices spend thousands of […]
Investment announcements study found that 57 health systems invested at least $2.5 billion in social determinants of health over a two-year period. Healthcare systems are making notable investments in programs that address social determinants of health, such as housing, employment, and food security, according to a new study published in Health Affairs. In analysis of […]