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5 Billing Issues That Affect Revenue For Your Optometry PDF

To avoid optometry billing errors and help you in increasing cash flow call us at 1 888-502-0537. 24/7 Medical Billing Services uses an expert approach to avoid billing errors and help you in increasing cash flow, reducing insurance follow-ups, and getting regular reports.

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5 Billing Issues That Affect Revenue For Your Optometry PDF

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  1. 5 BILLING ISSUES THAT AFFECT REVENUE FOR YOUR OPTOMETRY HEALTHCARE OFFICES AND PRACTICES ARE OFTEN OVERLOADED WITH WORK AND MANY COMMON MISTAKES CAN EASILY HAPPEN HERE. TO REDUCE THESE, MEDICAL BILLING COMES IN HANDY. THE CODING SHOULD BE DONE BY THE OPTOMETRIST AS HE IS THE ONE WHO IS WELL- EDUCATED ABOUT THE ETHICAL CODING PROCEDURES. HE IS RESPONSIBLE FOR ENSURING THE USAGE OF CORRECT OFFICE VISIT CODES AND THE CLAIMS TO BE CORRECTLY CODED. IN OPTOMETRY, THERE ARE AROUND 16 WAYS TO CODE EYE EXAMINATIONS EXCEPT FOR CONSULTATION VISITS. BUT BILLING IS BEST HANDLED BY STAFF OR OUTSOURCED PEOPLE WHO ARE TRAINED, BILLING SPECIALISTS IN OPTOMETRY. HOWEVER, THERE STILL CAN BE BILLING ISSUES THAT CAN HAMPER YOUR REVENUE AND CAN INVITE UNFORTUNATE RESULTS LIKE A DENIED CLAIM OR AN AUDIT. BELOW ARE THE MOST COMMON BILLING ISSUES WHICH YOU NEED TO KNOW AND AVOID TIMELY. https://www.247medicalbillingservices.com info@247medicalbillingservices.com info@247medicalbillingservices.com https://www.247medicalbillingservices.com

  2. MEDICAL VS. ROUTINE UNDERSTAND THE DIFFERENCE BETWEEN ROUTINE AND MEDICAL EXAMS WELL TO ENSURE YOU GET THE FULL REIMBURSEMENT FOR YOUR SERVICES. THE CHIEF COMPLAINT AND DIAGNOSIS CAN HELP YOU IN THAT. IT WILL MOST LIKELY BE BILLED AS A MEDICAL EXAM IF THE PRIMARY DIAGNOSIS IS MEDICAL BUT ADDRESSES THE CHIEF COMPLAINT. ALSO, REMEMBER TO NEVER ASSUME THAT A BLURRY VISION MEANS A REFRACTIVE ISSUE, AS IT CAN BE THE REASON FOR AN UNDERLYING MEDICAL CONDITION THAT MAY RESULT IN A MEDICAL EXAM. INVALID/INCORRECT MODIFIERS USAGE MODIFIERS HELP IN DESCRIBING A SERVICE ACCURATELY BUT CAN ALSO LEAD TO DENIED MEDICAL CLAIMS IF USED INCORRECTLY. THERE ARE AROUND 17 MODIFIERS IN OPTOMETRY BUT BELOW ARE SOME FREQUENTLY USED FOR EYE EXAMS. https://www.247medicalbillingservices.com info@247medicalbillingservices.com

  3. DUPLICATE/INCORRECT BILLING THIS HAPPENS WHEN A PARTICULAR PATIENT IS BILLED DOUBLE OR MORE FOR THE SAME TREATMENT OR TEST. THE OPERATOR SHOULD BE CAREFUL ENOUGH ABOUT WHETHER THE PATIENT HAD ALREADY PAID OR NOT. THIS ISSUE WILL INCREASE ADMINISTRATIVE WORK AND WILL BE A PAIN FOR THE PAYER TOO. IT MAY ALSO LOOK LIKE THE PATIENT HAS AVAILED MULTIPLE SERVICES ON THAT DAY. • UNBUNDLING A FEW MEDICAL BILLING CODES ARE SPECIFICALLY DESIGNED TO BE USED FOR A GROUP OF PROCEDURES THAT ARE FREQUENTLY CARRIED OUT TOGETHER. UNBUNDLING IS AN ILLEGAL PRACTICE WHEN THESE SERVICES ARE BILLED UNDER SEPARATE CODES. THIS CAN CAUSE HARSH CONSEQUENCES AS IT CAN INCREASE THE PROFITS FOR THE CENTER. https://www.247medicalbillingservices.com info@247medicalbillingservices.com info@247medicalbillingservices.com https://www.247medicalbillingservices.com

  4. Upcoding and Undercoding UP CODING CAN HAPPEN WHEN A MODERATE (IN TERMS OF TREATMENT AND MONEY) DIAGNOSIS IS UPGRADED TO A MORE SERIOUS AND EXPENSIVE TREATMENT. IT CAN ALSO HAPPEN WHEN A PATIENT IS CHARGED FOR A SERVICE THAT WAS COVERED UNDER MEDICARE, INSTEAD OF AN ADMINISTERED SERVICE. BOTH THESE SITUATIONS CAN DEMAND HIGH PAYMENTS THAN WHAT YOU SHOULD RECEIVE. UNDER CODING IS WHEN A PROVIDER ENTERS A BILLING CODE FOR A LESS EXPENSIVE PROCEDURE TO AVOID AN AUDIT OR TO HELP A CUSTOMER SAVE HIS MONEY. LAST BUT NOT THE LEAST, REMEMBER TO FOLLOW UP ON YOUR DENIED CLAIMS AND NOT CONFUSE THEM WITH REJECTED CLAIMS. ANY OPTOMETRIST MUST LEARN ETHICAL BILLING AND CODING PROCEDURES AND ADHERE TO THE OPTOMETRY CODING GUIDELINES THAT CHANGE EACH YEAR. ONE BEST OPTION TO KEEP PROPER TRACK IS TO OUTSOURCE OPTOMETRY BILLING TASKS TO SOMEONE. https://www.247medicalbillingservices.com info@247medicalbillingservices.com info@247medicalbillingservices.com https://www.247medicalbillingservices.com

  5. About 24/7 Medical Billing Services 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. https://www.247medicalbillingservices.com info@247medicalbillingservices.com

  6. CALL US TODAY : Media Contact – 24/7 Medical Billing Services, 28405 Osborn Road, Cleveland, OH, 44140 Tel: + 1 -888-502-0537 Email: info@247medicalbillingservices.com Website: https://www.247medicalbillingservices.com/ https://www.247medicalbillingservices.com info@247medicalbillingservices.com

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