Medical Practice Specialties
MEDBTS billing and coding specialists provide medical billing and coding services as well as a full spectrum of claims processing and revenue management services for many of the more common physician specialties.
MEDBTS billing and coding specialists provide medical billing and coding services as well as a full spectrum of claims processing and revenue management services for many of the more common physician specialties.
MedBTS allocates all company resources into ensuring we achieve effective and efficient insurance and patient reimbursement and in a timely manner. Below are a few of the more critical aspects of revenue cycle management:
Outsourcing insurance billing to a specialized service like MedBTS is practical solution for healthcare providers looking to streamline their not only their practice operations, but the management of their complete revenue cycle.
CPT codes (Current Procedural Terminology codes) are essential for accurately documenting and billing for medical procedures across various specialties, including chiropractic care. Chiropractic CPT codes specifically pertain to procedures and services related to chiropractic treatments. These codes help streamline the billing process and ensure that healthcare providers are appropriately compensated for their services.
Chiropractic CPT codes cover a wide range of procedures and services commonly provided by chiropractors. Some of the more common chiropractic CPT codes include:
The most commonly used modifier codes for chiropractic medicine can be attached to specific CPT codes which communicate to insurance companies that there were minor modifications to one or some of the CPT coded treatments. It is imperative that if a CPT coded treatment was modified or adjusted to even the slightest degree, the modifier(s) must be included or the insurance company will deny the claim. These two popular chiropractic treatment billing modifiers are as follows:
Other chiropractic medical treatments and services specific to physical therapy modalities such as ultrasound, electrical stimulation, or therapeutic exercises, and specific to diagnostic imaging services such as X-rays or MRIs, must be documented using specific CPT codes.
We here at MedBTS are also seeing more and more chiropractic clinics offer additional services such as acupuncture, massage, nutritional counseling, and many other therapeutic procedures, all of which have very specific corresponding CPT codes.
Correct coding of these chiropractic procedures is absolutely critical for successful insurance billing. The accurate coding ensures that insurance companies will understand the nature of the service(s) provided and will subsequently help them process claims more rapidly by minimizing delays in reimbursement. And of course, accurate and compliant use of chiropractic CPT codes is essential for both chiropractors and insurance providers to facilitate efficient billing and ensure that patients receive the care they need while minimizing financial burdens.
Finally, failing to conduct monthly audits for execution and value KPIs for the revenue cycle; these audits are a critical tool in identifying revenue cycle management trends and identifying quickly, where problems may exist in the process. These continuous improvement efforts can also help enhance revenue cycle management.
Contact MedBTS today and let our medical billing experts effectively and efficiently address your billing and coding challenges.
Medical billing for family practices treating a broad base of patient demographics can be challenging when trying to manage the practice’s revenue cycle. CPT (Current Procedural Terminology) codes from 36415 up to 99423 are used to describe a number of treatments and services provided by family medicine providers. These codes give detailed information to the insurance companies about the types and complexities of the treatments and services provided by family practice physicians, and about the amount of time spent with patients.
Below are some of the more common family medicine CPT codes encountered by MedBTS revenue cycle management professionals:
There are many more codes that need to be accurately entered to properly describe to insurance companies the treatments and services administered to patients. Moving to a couple other commonly used CPT codes in family practice medical billing, you’ll see codes describing the amount of time a patient has been seen:
Family physicians rely heavily on CPT codes to provide their patients with accurate billing and to achieve quick revenue reimbursement for the services and treatments provided. It is essential to comprehend the codes to ensure accurate invoicing and proper recording of patient services. To minimize billing problems and regulatory violations, healthcare providers must stay updated on code changes. To optimize patient care, practitioners must refresh their CPT code expertise as healthcare operations advance.
Finally, failing to conduct monthly audits for execution and value KPIs for the revenue cycle; these audits are a critical tool in identifying revenue cycle management trends and identifying quickly, where problems may exist in the process. These continuous improvement efforts can also help enhance revenue cycle management.
Contact the MedBTS team of revenue cycle management professionals today for a no obligation discussion and let’s see if it makes sense for your practice to leverage our medical revenue cycle management expertise.
When dealing with medical billing and revenue cycle management for laboratory services, there are very unique aspects of the nature of laboratory services that must be understood in order to minimize claim denials by the insurance companies and maximize A/R collection. Lack of price transparency in the laboratory billing process is a significant challenge for patients, and it can lead to several problems and frustrations. Here are some key points to consider:
Efforts have been made to address this issue, such as legislation requiring healthcare providers to be more transparent about their pricing. However, challenges remain in ensuring that patients have easy access to clear and accurate pricing information for laboratory services. Increasing price transparency is crucial for improving patient experiences and reducing the financial burden of healthcare.
Contact the MedBTS team of revenue cycle management professionals today for a no obligation discussion and let’s see if it makes sense for your laboratory services practice to leverage our medical revenue cycle management expertise.
We believe that even more complex than surgical center revenue cycle management is neurology revenue cycle management; neurology as a field of medicine is complex in nature and is indeed an extremely intricate field of medicine. Neurologists face many challenges when it comes to accurately describing and coding procedures and services. Some of the key challenges in neurology coding and documentation include:
Neurological conditions are complex and diverse, and precise descriptions and specific medical terminology are essential for accurately diagnosing and treating these conditions. Here are a few reasons why this precision is crucial:
To address these challenges, neurologists and neuro-healthcare organizations often invest in ongoing training and education for their coding and documentation staff. They may also use electronic health record (EHR) systems with built-in coding assistance and regularly review and audit documentation to ensure accuracy and compliance with coding guidelines. Maintaining this level of expertise in staffing is not easy with the current state of the medical administative environment.
Contact the MedBTS team of revenue cycle management professionals today for a no obligation discussion and let’s see if it makes sense for your neurology medicine practice to leverage our medical revenue cycle management expertise.
Obstetrics and Gynecology (OBGYN) medical billing comes with several unique challenges and complexities due to the specialized nature of the field and the wide range of services provided by OBGYN practitioners. Here are some of the key challenges and considerations when it comes to OBGYN medical billing:
Due to these challenges, we recommend OBGYN practices outsource their medical billing to specialized billing professionals who understand the unique requirements of OBGYN billing. This can help practices streamline their revenue cycle management and focus on providing quality patient care.
Contact the MedBTS team of revenue cycle management professionals today for a no obligation discussion and let’s see if it makes sense for your obstetrics and gynecology practice to leverage our medical revenue cycle management expertise.
Billing services for orthopedic practices, like any other specialty practice medical billing, face very unique challenges. Here are some of the key challenges faced by orthopedic billing services:
Managing the entire revenue cycle, from patient registration and scheduling to claim submission and payment posting, requires careful coordination and oversight to minimize revenue leakage. To overcome these challenges, orthopedic practices often partner with specialized medical billing companies or invest in robust billing and revenue cycle management systems. These solutions can help streamline the billing process, reduce errors, improve reimbursement rates, and ensure compliance with regulatory requirements. Additionally, ongoing training and education for billing staff are essential to stay up to date with industry changes and best practices.
Contact MedBTS today and let our medical billing experts effectively and efficiently address your billing and coding challenges.
Pediatricians face a unique set of challenges in their medical practice, primarily because they specialize in the care of infants, children, and adolescents. These challenges encompass various aspects of healthcare, patient interaction, and professional responsibilities. Some of the unique challenges pediatricians encounter include:
Pediatricians face unique challenges related to the age-specific care they provide, communication with children and parents, addressing behavioral and psychological issues, and ensuring preventive care. These challenges require a combination of medical expertise, empathy, and effective communication skills to provide the best possible care for their young patients.
Contact MedBTS today and let our medical billing experts effectively and efficiently address your billing and coding challenges.
Physical therapists use a range of CPT codes to bill for their services and like other specialty medical practices, there are medical billing and coding challenges that are unique to physical therapy practices and practitioners. Here are some of the commonly used CPT codes in physical therapy:
It should be noted that one of the most common causes of issues in healthcare RCM is related to the lack of conducting regular RCM audits; failing to conduct monthly audits for execution and value KPIs for the revenue cycle, over time, can have a very adverse effect on a physical therapy practice’s revenue cycle. These audits are a critical tool in identifying revenue cycle management trends and identifying quickly, where problems may exist in the process. These continuous improvement efforts can also help enhance revenue cycle management.
Contact MedBTS stays up-to-date with the latest CPT code updates and guidelines from the American Medical Association (AMA). Contact MedBTS today and let our medical billing experts effectively and efficiently address your billing and coding challenges.
Behavioral and mental health billing does indeed present unique challenges compared to other types of medical billing. Here are some of the key factors that contribute to the complexity of behavioral and mental health billing:
To address these challenges, behavioral health providers and billing professionals must have a deep understanding of the specific codes, regulations, and documentation requirements related to mental health and therapy services. Additionally, staying up-to-date with changes in insurance policies and billing codes is essential to ensure accurate and timely reimbursement for services provided.
Contact the MedBTS team of revenue cycle management professionals today for a no obligation discussion and let’s see if it makes sense for your behavioral and mental health practice to leverage our medical revenue cycle management expertise.
Revenue cycle management (RCM) in radiology and imaging practices can be complex, and there are several potential pitfalls that can impact revenue. Here are some common pitfalls to be aware of:
To mitigate these pitfalls, radiology and imaging practices need to invest in effective RCM processes and stay updated on industry regulations. Consider outsourcing your RCM services to a specialized vendor like MedBTS; we will increase the recovery percentage of your total A/R and we will shorten your radiology and imaging revenue cycle by capturing that revenue over a shorter period of time. Contact us today for a no-obligation and no-cost discussion on how we can leverage our expertise to help you with your revenue stream.
Some of the medical billing challenges in sports medicine that we’ve heard about from our practitioners seem to have been due to various factors such as changes in healthcare regulations, advancements in technology, and shifts in the healthcare landscape; there has been a shortage of broad recognition of sports medicine as a medical practice. We at MedBTS see sports medicine as one of the most important facets of internal medicine so we pay close attention to some of the potential pitfalls in billing and coding for sports medicine revenue cycle management.
Below are some of the challenges our practitioners have told us they have:
It’s important to note that the healthcare landscape is dynamic, and new challenges and changes in regulations are continuing to emerge. MedBTS understands well where the more common billing challenges lie for sports medicine practitioners and have had good success in managing the sports medicine revenue cycle from patient eligibility and verification through accounts receivable collection.
Contact us today and let our medical billing experts effectively and efficiently address your billing and coding challenges.
Surgical centers, like other medical practices and healthcare facilities, can face several challenges with their revenue cycle management (RCM) for a various reasons:
To address these challenges, surgical centers may invest in specialized RCM software, outsource RCM services, hire experienced RCM professionals, and implement efficient billing and coding practices. Moreover, staying informed about industry changes and maintaining a commitment to ongoing staff training and process improvement can help surgical centers improve their revenue cycle management.
The fact is that surgical centers operate on a large scale and each small mistake in the billing process equates to a proportionate financial loss for the center. MEDBTS does not take loss in revenue lightly. Our team will work to guarantee your surgical center practice revenue cycle management returns the maximum allowable reimbursement possible.
Revenue cycle management for internal medicine involves the more standard process of submitting and tracking claims for internal practice services rendered by the healthcare providers to insurance companies, government programs like Medicare and Medicaid, or patients themselves. Accurate and efficient medical billing and coding is crucial for healthcare providers to receive timely payments for their services. Here are the key components and steps MedBTS takes for internal medicine medical billing:
Medical billing in internal medicine can be complex due to the variety of services provided and the need for precise coding and documentation. It’s important for healthcare providers to have a very well-organized billing process to ensure they receive proper reimbursement for their services while adhering to legal and ethical standards.
Contact the MedBTS team of revenue cycle management professionals today for a no obligation discussion and let’s see if it makes sense for your internal medicine practice to leverage our medical revenue cycle management expertise.
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