Group items tagged

Importance of Timely Charge Entry Many times delay in charge entry cause less collection. If this happens in your practice, it's time to improve your charge entry process to increase your overall revenue. To ensure that your practice's charge entry process is helping and not hindering your RCM workflow, contact our billing experts by clicking the link which has been mentioned!

Handle Patients with High Deductible Plan . Do you want to save money on your monthly Health Insurance Premiums and have the opportunity to open a health savings account? If so, you'll need to have a High-Deductible Health Plan (HDHP). Let's discuss what these plans look like, their pros and cons and the times in your life when you might seek out or avoid an HDHP. . . For more information on how Medmax Technologies, Inc. can maximize revenue, reduce expenses and allow you to spend more time providing your patients with quality healthcare, visit our website, https://medmaxtechnologies.com/contact-us/; call us at +1-586-436-3761 or email info@medmaxtechnologies.com.

Charging Patient No-Shows Medmax Technologies, Inc. discuss charging patients for missed appointments. Check with Medicare, Medicaid, and insurance companies to see if billing a no-show fee is allowable. Visit our website, https://medmaxtechnologies.com/; call us at +1-586-436-3761 or email info@medmaxtechnologies.com.

If you want to code for #Arthrocentesis, you have to bill the imaging guidance. So, we need to use two CPT codes, one for main procedure followed by the imaging guidance used during the procedure. Connect with our #MedicalCodingExperts : https://medmaxtechnologies.com/contact-us/ or Call at +1-586-436-3761 / info@medmaxtechnologies.com

Before starting any treatment, providers need to complete the Pre-Authorization. And if providers fail to do so, then there are chances of your claim being denied. Connect with our RCM Experts: https://medmaxtechnologies.com/contact-us/ Call at: +1-586-436-3761

Outsource Hospitalist Billing Services In today's complex and evolving healthcare marketplace, successful management of medical billing and coding are proving to be a strategic advantageous point for healthcare practitioners. No wonder, doctors, healthcare centers, hospitals, practice managers in United States have embraced billing and coding outsourcing as their trump-card to spruce up bottom lines. Connect with our RCM Experts & get the best billing quote for your Practice. Click Here: https://medmaxtechnologies.com/contact-us/ Speak to one of our Hospitalist Billing Experts: +1-586-436-3761

Do you know about the Denial Code CO-16? The CO-16 Denial Code alerts you that there is information that is missing in order to process the claim. Due to the CO (Contractual Obligation) Group Code, the omitted information is the responsibility of the provider and, therefore, the patient cannot be billed for these claims. To know more about Denial Code CO-16, contact us at: info@medmaxtechnologies.com / +1-586-436-3761. Connect with our Medical Coding Experts: https://medmaxtechnologies.com/contact-us/

New AMA Policy for False Claims The #AMA members addressed in a Special Interim Meeting about increasing number of healthcare professionals making false claims about COVID-19, which undermines public health initiatives and poses a risk to patients. They announced new policy to combat medical disinformation distributed by #Healthcare professionals. To know more about New AMA Policy, Connect with us: https://medmaxtechnologies.com/contact-us/ Email us: info@medmaxtechnologies.com or Call us: +1-586-436-3761.

When to use GZ Modifier? The GZ modification is included in claims where the product or service is likely to be rejected because it is inappropriate or needed, and there is an absence of a correctly implemented ABN # within the claim file. For more information about GZ Modifier, Get in touch with us: https://medmaxtechnologies.com/contact-us/ Email us: info@medmaxtechnologies.com or Call us: +1-586-436-3761.

2022 Medicare Part A & B Premiums and Deductibles Plan The Centers for Medicare & Medicaid Services (CMS) has released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs. Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A. Moreover, The annual deductible for all Medicare Part B beneficiaries is $233 in 2022, an increase of $30 from the annual deductible of $203 in 2021. For more information, Connect with us: https://medmaxtechnologies.com/contact-us/ Email us: info@medmaxtechnologies.com or Call at: +1-586-436-3761.

Strategies for risk-based payments 2022 HealthCare systems are currently contemplating advancing their risk-based payment methods by taking on greater risk, professional capitation or global capitation, in Medicare Advantage business lines in 2022. For more information on payment options, contact us at: https://medmaxtechnologies.com/contact-us/ Email us: info@medmaxtechnologies.com or Call us: +1-586-436-3761

Modifier - 51 v/s 59 Modifiers offer additional information on CPT(r) codes that are submitted and the services provided without altering the scope for the code. Modifiers 51 or 59 are both utilized for multiple services that are provided within a single session; however, they serve different functions. To know more about these codes, connect with us : info@medmaxtechnologies.com / 888-402-2631.

6 Eyecare Billing Rejections you can overcome Medical billing rejections and denials are often used interchangeably - however, there is a distinct difference. A rejected medical claim fails to meet specific formatting, billing criteria, and data requirements. Because a rejected claim has never been processed by a clearinghouse, insurance payer, or the Centers for Medicare & Medicaid Services (CMS), the claim is not considered "received," and it did not make it through the adjudication system. The reasons behind the Eyecare Billing rejections have been listed down below: 1. Mission or invalid information 2. Same-Day or Duplicate 3. Code or Modifier Missing or Invalid 4. Patient not Eligible 5. Missing or Invalid Billing Provider ID 6. Provider not Credentialed by Payer Are you also facing these issues in your Ophthalmology Practice? Contact us : info@medmaxtechnologies.com / 888-402-2631.

Do you know the cost of reworking on an Ophthalmology Denied/Rejected Claim? According to the Medical Group Management Association (MGMA), the average cost of reworking a rejected or denied claim is $25. If you take the 46 claims, the optometry practice received last month. Then, multiply it by $25 each, and it equals $1150 that the practice spent fixing errors and resubmitting the claims.

KX Modifier The KX modifier indicates that all medical policy and documentation requirements have been met and that billed item is reasonable and necessary. Review the specified LCD and policy article to determine the medical policy and documentation requirements. Learn More about KX Modifier: https://medmaxtechnologies.com/contact-us-now/ Contact us: info@medmaxtechnologies.com / 888-402-2631.