Hospital-based radiology practices ensure quality radiology procedures to help physicians chart appropriate treatment procedures. The smooth functioning of these practices depends on proper revenue management and the smooth reimbursement of claims. To enhance their revenue, it is advisable for radiology practices to entrust their medical billing tasks to a professional medical billing company. An efficient service provider would ensure many benefits for independent radiology practices and radiology departments.
Accurate Medical Bills and Claims
Hiring medical billing services helps radiology practices manage their medical billing procedures in the proper manner. Considering the medical billing needs of hospital-based radiology practices, many well-known medical billing companies in the US offer structured radiology medical billing services. These services offer radiology practices the following advantages:
- Accurate medical bills and insurance claims
- Prompt submission of bills and claims
- Improved reimbursement and collections
- Less overhead costs
- All claims processed on the same day
- Use of advanced software such as Lytec, Misys, Medisoft, Medic, NextGen, Inception, and IDX, Eclipse, medical manager and e-clinical
- Interface with RIS (Radiology Information System)
- All claims transmitted electronically and filed after verification
- Minimizes the odds of claim denials or rejections
- Saves times and allows focus on core tasks
- HIPAA compliance
Efficient Medical Billing Solutions for all Procedures
Professional medical billing companies ensure that the radiology medical billing services they offer are fully compliant with the HIPAA norms, as well as competent to resolve the needs of hospital-based radiology practices. Most of these firms are equipped with advanced technology and the latest billing software as well as skilled billing and coding experts. This ensures client-focused medical billing procedures.
The major procedures covered in radiology medical billing are:
- Patient enrollment
- Payment posting with ERA
- Insurance verification
- Scheduling and Re-scheduling
- Insurance authorizations
- Coding
- Referrals
- Billing and reconciling of accounts
- Collections and AR collections
Regular Follow-up and Feedback
The radiology medical billing services that reliable medical billing companies offer ensure excellent data confidentiality, regular follow-up for all unpaid or denied claims, daily, weekly and monthly billing status reports, practice analysis reports, and more.
Hospital-based radiology practices planning to outsource their medical billing tasks should take care to assign the job to an established medical billing company. This would help them maximize their reimbursements and obtain consistent and budget-friendly medical billing solutions.
Rajeev Rajagopal, the President of OSI, has a wealth of experience as a healthcare business consultant in the United States. He has a keen understanding of current medical billing and coding standards.