As experts in medical coding and billing, KDL Medical Billing maintains up with yearly code changes to run pain management billing with a faster time to payment focus.
Although payers are frequently very suspicious of billing for pain treatment when the reason isn’t something that manifests on an x-ray or has been identified as an illness, pain management professionals work with patients who are suffering and are aware of how vital therapy is. Several doctors no longer provide pain management services as a result of recent rules that have made it more difficult to use painkillers and increased the penalty for abuse.
It is crucial that practitioners be not burdened by pain management billing difficulties given these inherent challenges. All medical specialties are experiencing cost-cutting initiatives from institutions, and payers are searching for ways to pay less, including being highly picky about billing and coding errors that lead to claims being rejected or refused.
Given that more than 100 million Americans suffer from chronic pain, pain management centers may provide fewer services than other types of medical facilities. These typical difficulties were discovered through a review of the most frequent problems in pain management medical billing services.
Even with the smallest mistakes, claims are frequently rejected or denied. Every letter must exactly match the patient record, and if something doesn’t appear right, payers won’t even attempt to figure out what was meant. There are several mistakes that can be made when entering the accurate info because the pain management billing RCM process touches on every aspect of patient care, from patient intake information to payment collection.
Numerous pain management clinics handle claim denials through a time-consuming manual process carried out by in-house staff. As a result, claims are submitted slowly, and labor costs go up. The performance of the case mix, the time claims are in accounts receivable, and claim denial resolutions can all be considerably enhanced by outsourcing pain management billing to a group of experts.
Trans Union Healthcare’s 2017 analysis revealed that expenditures for patients’ healthcare providers had risen by as much as 11%. The expense of treating patients is rapidly rising, making it more crucial than ever to clearly explain this to patients before beginning therapy. Also, the higher expenditures make it more challenging for pain management practices to collect the money that is due to them.
KDL Medical Billing handles revenue cycle management (RCM) from start to finish, allowing pain management specialists and employees to concentrate on patients in the knowledge that the required billing and coding tasks are being completed. In addition to what might be expected to be included in pain management billing, the scope of services also includes payroll expenditures, revenue increases, assuring compliance, and more.
Medical billing outsourcing should not be viewed as an additional expense for your practice management; rather, it should be seen as a service that will allow doctors and staff to devote more time to patients while increasing revenue through effective claim filing, effective handling of rejections and denials, and avoidance of up- and down-coding errors. As part of revenue cycle management, we even handle yearly payer modifications.
Being experts in medical billing and coding, KDL Medical Billing stays current with both the yearly code updates as well as the different restrictions and evolving pain management billing regulations. Our qualified coders are maintained up to speed and schooled on the particular codes of each specialty they work with due to the fact that we have clients of all sizes and in every significant area of medicine. See how we can make you and your practice run more smoothly, generate more income, and enhance cash flow by requesting a free sample today.
We welcome any inquiries or questions you may have about our medical billing services. Please feel free to contact us through our website or by phone, and one of our knowledgeable representatives will be happy to assist you.