Home health agencies face unique obstacles when it comes to billing practices. Medicare reimbursements focus on regulatory reporting compliance, meeting quality initiatives, and submission of appropriate documentation, just to name a few. Billing errors cost home health agencies significant amounts, not only in reduced reimbursements, but in penalties if mistakes occur. Eliminate those home health
You have a busy medical practice with a steady flow of patients. You should be making a profit, but for some reason you’re not. Instead of waiting weeks for payments, you wait for months. Why? In many physicians’ offices, billing tasks are relegated to a staff member not trained or certified to provide such services.
Physicians have enough on their plate without having to micromanage back-end office staff. That often happens when billing challenges start digging into your bottom line. If your office staff doesn’t keep up with coding changes, timely submission and requests for additional information with claims, or uses the wrong billing codes for reimbursement, your revenue cycle
Precision Medical Billing was recognized as a top medical billing service from MedicalBillingReviews.com. Precision is a company that offers easy adoption for a wide variety of pre-existing setups, primarily because of how easily their platform works in conjunction with existing software. When you couple that with the fact that there are options available for on-site
Does your practice manually contact payers to check your claim status? Are you aware that doing so costs roughly $7 per attempt? Your revenue cycle management processes are vital to the financial health and wellness of your practice. Poorly managed handling of claim status inquires costs you not only money, but precious time. A few
From an ongoing labor crunch to evolving Medicare Advantage opportunities, U.S. home care providers face numerous challenges but also exciting opportunities heading into 2019. Many private-duty players anticipate tech investments and increasing integration with the overall health care system, as revealed in these forecasts from CEOs and upper level executives. In 2019, older adults and
We are excited to share that Precision Medical Billing was recognized as a top medical billing company in the U.S. from Side by Side Reviews. When you’re in the medical industry, precision is a word you want to associate with your partners. That’s true with both PMB’s name and the way they operate their business.
According to MLN Matters Number SE19005, release date February 15, 2019 new home health agencies in Medicare programs will be placed under a provisional period of enhanced oversight. What does that mean for you and your business? The new statute focuses on Requests for Anticipated Payments (RAPs) from home healthcare agencies. The Centers for Medicare
A private medical practice’s success is reliant on revenue cycle management, accurate and timely claims submissions, and prompt reimbursement from insurance carriers. That said, it’s not unusual for a private practice physician to have to wait weeks or longer to receive payments. Even when reimbursement is received, it’s often much less than they charge for
Home health care agencies knowledgeable about the Outcome and Assessment Information Set (OASIS) data sets already know how rigorous they are. It then comes to determining measureable data for home health patient care risk factors and outcomes from start of care to discharge. Upcoming changes to OASIS (from OASIS-C2 to OASIS-D) beginning January 1, 2019