PODIATRY BILLING SERVICES
INCLUDES EVERYTHING REQUIRED TO OPTIMIZE YOUR REVENUE
It is our business to bring innovation and efficiency into the revenue cycle, and enhance our client’s bottom lines by eliminating errors
Podiatry Medical Billing Services
Billing for podiatry practices is complex for several reasons. Many procedures are medically necessary in some instances and not others, and in some cases, each insurer has different rules for them. Issues with the feet and ankles become more frequent with age, so an aging population results in an increasing number of patients who are covered by Medicare—which means an additional set of coding and rules comes into the equation.
It’s Confusing for Patients When Coverage Changes
Payers are cutting what they are willing to pay and it can be especially confusing for patients when coverage changes from year to year. Fortunately for medical practices, outsourcing RCM services to Medcare MSO allows you to work with one of the reliable podiatry billing companies and a highly effective billing partner.
Podiatry Billing and Coding Challenges
Podiatry is subject to some of the most varied coding issues of any medical specialization. Here are a few of the bigger challenges we have identified
Coding Not Distinguishing Medically Necessary from Routine
Payers won’t cover routine foot care, but in podiatry, there are instances in which the same condition may require medically necessary treatment for one person and not be a serious concern for another. Outsource podiatry billing to experienced professionals with the specialization in order to make the appropriate notation on the claim.
Inconsistent Use of Modifiers by Payers
Modifiers are subcategories of CPT codes that give the details of a diagnosis or treatment, and they often determine whether it is covered or not. In podiatry billing and coding, insurers have different rules for modifiers from each other, making it necessary for coders to know what each company uses to make determinations about what is covered. Submitting accurate codes is essential to get paid on time and our professional coders help do that. So, we help maintain efficient practice management with our podiatry services to help you streamline patient care.
Insurers Bundling Procedures Inappropriately
Payers like to bundle procedures into one coded item to make billing and payment simpler; however, there are times when bundling results in inaccurate billing or under- or over-coding. Podiatry billing companies must understand the procedures being performed so that they can determine when bundles are incorrect and they must know how to enter the data correctly, and how to handle the appeal when the insurer’s requirements result in non-payment.
Location Changes Affect Billing
The fact that podiatric procedures are commonly performed in offices, hospitals, and nursing homes can add complexity to billing. Payers have different billing guidelines for each, and modifiers must be consistent to indicate where any given procedure was performed, or the claim may be denied. Likewise, an incorrect code elsewhere in the patient’s chart may indicate an incorrect location, resulting in a conflict that will get the claim rejected until all details are in order.
Outsourcing Podiatry Billing Services to Medcare MSO Puts Your Revenue Management in the Hands of Experts
Running a Practice Demands Your Attention
Payers cutting down on amounts they will pay has strained the finances of many podiatry practices, making it necessary to ensure that every service provided is reimbursed. Meanwhile, running a practice demands that your attention is on providing outstanding care to patients, not on billing. Outsourcing medical billing and coding has proven to be the solution for many practices.
We Take Care of Charting and Coding
Our podiatry billing specialists start with patient scheduling and include day-to-day coding and submitting claims, but we also take care of managing denials and rejections, compliance charting and coding, annual payer adjustments and payback, and bill collection. Our processes are so effective that clients tell us we increase their revenue so much that they don’t consider our services a cost Get a free demo today and let us show you how we can take billing off your plate and increase your revenue.