7 Questions to Ask Before You Step Towards Outsourcing Your Cardiology Billing
1 month ago, Wed, Jul 12, 2017, 04:42:19
To attain cent percent perfection at cardiology billing is a far-fetched dream for most specialty clinics because of the extensive experience and knowledge it requires. ICD-10 comes with added complexities which raise the stakes for achieving accuracy. Add to its billing code changes and PMP for treatment of certain imaging procedures that often result in billing errors and stock of trouble for cardiologists keeps piling upward. Billing for cardiology practices requires taking into account multiple procedure rules and complicated contractual adjustments, involving data collection from various sources. Use of modifiers in conjunction with CPT Codes makes it a complex procedure. For example, the codes 93451, 93456, and 93503 cannot be reported with modifier 51. Thus, cardiology billing requires biller to have updated knowledge about deleted codes, revised codes and new codes. A medical practitioner trying to pace up with advancement of cardiac care standards finds it difficult to manage such complexities of billing and coding. Recruiting and retaining staff for in-house billing can incur a lot of money, time and carries risk.