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A well-maintained and up-to-date patient database contributes to the overall accuracy and efficiency of the revenue cycle. It is also essential that your practice regularly updates patient records to prevent billing errors and delays. This information serves as the foundation for billing and reimbursement processes.
Here, we explore strategies and considerations to aid you in choosing the right providers and helping them thrive at your practice. Ask yourself the following questions about your practice: Are you turning away potential clients due to lack of bandwidth? Check in with providers regularly.
The bad news is that if claims are not handled, the average cost to rework a claim is $25.20, which quickly adds up. Read more about this in our whitepaper (Guide) Top Three KPIs to Track to Set Your Medical Practice for Success. Health Prime compiled a list of 10 Frequently Asked Questions (FAQ) about denial management: 1.
Follow these bestpractices for documenting group treatment: Be specific. Stay up-to-date on unique documentation requirements for group therapy. This helps all providers at the practice stay consistent. Challenge: Incorrect coding Solution: Study up on CPT and modifier codes for group therapy.
Obtaining consent from patients at each step along the way is a bestpractice that helps protect patients’ rights and privacy. For further insights on effective hiring practices and fostering a positive workplace culture, check out our Growth Checklist Whitepaper. Your EHR software can help with HIPAA compliance.
The easy follow-up of patients using telemonitoring solutions and the augmented access to internet services will continue increasing telemedicine delivery. Learn more about this in our blog Optimize your telemedicine appointments with these bestpractices.
Read on to learn how your practice can keep up with the current rules and prepare for future changes. Parity laws have upped the expectations for documenting and justifying treatment. Staff and providers should have clear-cut steps to follow to capture relevant data. Features to speed up documentation.
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