Outsourcing Medical Billing and coding

  Undoubtedly, medical billing and coding for Medicare presents significant complexity to healthcare providers. As a result, appropriate Medicare code knowledge and full understanding of guidelines remains crucial for accurate reimbursement, avoid claim denials, audits and potential penalties. However, such Medicare billing complexity can be managed easily and systematically through  outsourcing medical billing and coding services . This blog includes all necessary guidelines to Medicare billing and coding with information about eligibility standards and best practices for ensuring compliance. Who Qualifies for Medicare? Medicare operates as the federal healthcare insurance program that serves individuals in the age bracket of 65 years old and above. However, certain individuals under the age of 65 who suffer from particular disabilities or have End-Stage Renal Disease (ESRD) are eligible to receive Medicare benefits. The Medicare program consists of different distinct p...

  Rehabilitation clinics play a vital role in assisting patient recovery from different kinds of medical conditions but financial constraints always threaten their continued provision of care. Did you know? U.S. healthcare providers, including rehab clinics, encounter annual losses of around $125 billion due to poor billing efficiency and denial management. Research also shows that medical claims get denied at an initial rate of 20% but around 60% of these denied claims never receive resubmission which causes revenue loss. In fact, the clinic faces rising operational costs, staff shortages, and strict compliance measures that make financial sustainability more difficult. All this complicated medical billing process results in delayed reimbursement payments which harms the financial stability of the clinic. As a result, most rehab centers choose optimal solutions at this critical time for streamlining their billing processes and maximizing revenue cycles. Let us see how...