Medical billing is a necessary for the survival of any health practice and is time-consuming and complex. The regulations and procedures are constantly changing and your staff is overwhelmed with these tasks. It is easy for mistakes to become more common in your billing and this adversely impacts your compliance and revenues.
A professional billing company can simplify everything and have a positive impact on your revenue and compliance. Here are some of the most common billing errors that healthcare providers make and the way medical billing companies in Florida help you to avoid these issues.
Incorrect Coding: This is one of the most common coding errors for healthcare providers. An incorrect code leads to the denial of the claim and an investigation into submitting a fraudulent claim. Medical billing companies have a team of trained, experienced, and certified coders that are current on all the latest regulations and guidelines. We use quality control procedures having artificial intelligence and a quality control specialist manually checking your bills for errors. This decreases mistakes and it reducet the time it takes to get your fees.
Wrong Patient Information: Another common mistake is staff members entering the wrong patient information on the claim. These include things such as misspelling the name, getting the date of birth, Social Security number, or address wrong. A medical billing company verifies patient information and ensures that all information is current and accurate. This decreases billing errors by making these changes whenever they are necessary.
Incomplete Documentation: Healthcare providers must document all of the necessary information with the procedure they are performing. These include the diagnosis, patient information, and procedure. Any incorrect information will lead to a delay in the payments and the denial of the claim.
Late Submission of Claims: A late claim will cause delays in getting the full amount and possibly denials. We process of all your billing within 24 hours and submit everything electronically. This eliminates any delays and it speeds up your claims processing.
Not Following Up on Claims: Following up on your claims is critical in getting the full amount for your fees. The longer you wait the higher the odds that certain one will slip through the cracks and you miss out in collecting everything.
Not Complying with Regulations: Healthcare providers have to comply with different regulations such as OSHA and HIPPA. Failing to follow these regulations can lead to stiff fines and penalties. We ensure that you are fully complaint and following the best practices. This reduces the potential risks and expensive fines and other violations.
These are some of the most common billing errors and how medical billing companies in Florida can help you to avoid them. Medical billing is time-consuming and complex that requires becoming trained experts and staying current with everything.
We make things easy so you can go back to practicing medicine and helping your patients. Our team of professionals streamlines everything and gives you the best practices to improver your flexibility. These services will redue errors, streamline billing, and help you to maximize your profits.
Why do you need to use a a medical billing company
Q: What is medical billing, and why is it essential for healthcare providers?
A: Medical billing is the process of submitting and following up on claims with health insurance companies to receive payment for healthcare services provided to patients. It’s essential for healthcare providers to ensure they receive proper reimbursement for their services and maintain financial stability.
Q: What are some common billing errors that healthcare providers make?
A: Common billing errors include incorrect coding, incomplete documentation, incorrect patient information, late submission of claims, failure to follow up on claims, and failure to comply with regulations.
Q: How can a medical billing company in Florida help healthcare providers avoid these common billing errors?
A: Medical billing companies in Florida have a team of certified coders who are knowledgeable about the latest coding guidelines and regulations. They can ensure procedures are accurately coded, provide training and support to healthcare providers to ensure they’re documenting all the necessary information accurately, verify patient information, submit claims in a timely manner, keep track of claims, and help ensure compliance with regulations
Gables Medical Billing has adapted to the ever-changing medical billing environment, modifying and adding to its services to proactively meet the needs of its clients.