{"id":4316,"date":"2019-03-14T11:17:35","date_gmt":"2019-03-14T11:17:35","guid":{"rendered":"https:\/\/medisysdata.com\/?p=4316"},"modified":"2023-10-31T17:46:02","modified_gmt":"2023-10-31T12:16:02","slug":"thorough-billing-assessment-to-increase-reimbursement","status":"publish","type":"post","link":"https:\/\/www.medisysdata.com\/blog\/thorough-billing-assessment-to-increase-reimbursement\/","title":{"rendered":"Thorough Billing Assessment to increase reimbursement"},"content":{"rendered":"\r\n

Manage patient care with medical billing is a major challenge of medical practice management. Every physician should perform thorough billing assessment once a year. Billing assessment involve examining your practice revenue cycle from top to bottom.<\/p>\r\n\r\n\r\n\r\n

Revenue Cycle Management<\/a><\/h2>\r\n\r\n\r\n\r\n

The revenue cycle begins eligibility verification means patient\u2019s insurance verification and ends when the patient\u2019s account reaches a zero balance. A proper billing assessment should consider all steps involved in this process. If you start looking from bottom to top in your revenue cycle process, will identify problems in the cycle, and continuing backwards from there will likely reveal the source. You can identify improper coding, mistakes in claim preparation, failure to follow guidelines or a number of other issues in the medical insurance billing process.<\/p>\r\n\r\n\r\n\r\n

Medical Practice Audits<\/h2>\r\n\r\n\r\n\r\n

You should start billing assessment with self-audits. Your practice should run audit frequently. This will helpful to your practice to point out revenue draining issues like under-coding and over-coding, incomplete documentation, payer denial trends, under performing accounts and services, and where other medical insurance billing errors are being made. Data from the audits should be compared to industry benchmarks to measure your practice\u2019s performance against top performing practices. All of this will lead to effective emulation of those top performers\u2019 best practices.<\/p>\r\n\r\n\r\n\r\n

At Medisys, we also conduct practice\u2019s thorough billing assessment. Medisys assessments are customized to the needs of the client. Basic points to check:<\/p>\r\n\r\n\r\n\r\n