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Top Compliance Issues In 2023 What You Can Do

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The medical billing industry is a complex and ever-changing field, and it is crucial for healthcare providers and billing companies to stay compliant with government regulations. Failure to do this can result in significant financial penalties and damage to a company’s reputation. Let us discuss the top compliance issues in the medical billing industry, shall we?   1.  HIPAA: The Health Insurance Portability and Accountability Act( HIPAA) is a federal law that establishes  the national standards for protecting the privacy and security of individuals’ personal health information ( PHI). Medical billing companies and healthcare providers must comply with HIPAA regulations, which include implementing physical, administrative, and technical safeguards to protect PHI. 2.  False Claims Act: The False Claims Act is a federal law that prohibits healthcare providers and billing companies from submitting false or fraudulent claims to the government for reimbursement. Violatio...

A detailed guide to Cardiology Medical Billing

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Cardiology is a branch of medicine that deals with the diagnosis and treatment of disorders of the heart and blood vessels. Medical billing and coding for cardiology services is a complex process that requires a thorough understanding of the billing codes, reimbursement rules, and regulations related to cardiology. The purpose of cardiology billing services is to collect patient charges and record them in the medical record. Cardiology billing services are somewhat complicated because they involve several steps. The steps are as follows: 1. Examining the Accuracy of the Record: The accuracy of the patient’s information is the most important factor in the first step. Any minor error in this step will cost your practice a lot of money. Many claims are denied due to documentation errors. As a result, it is critical to begin by avoiding potential record-keeping errors in cardiology billing. All important information provided by the patient should be accurately recorded by your front desk ...

Addressing Medical Necessity Denials

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Defining Medical Necessity As per Cigna’s definition Medical Necessity means health care services that a physician, exercising prudent clinical judgment, would provide to a patient. The service must be: For the purpose of evaluating, diagnosing, or treating an illness, injury, disease, or its symptoms In accordance with the generally accepted standards of medical billing practice Clinically appropriate, in terms of type, frequency, extent, site, and duration, and considered effective for the patient’s illness, injury, or disease Not primarily for the convenience of the patient, health care provider, or other physicians or health care provide According to a recent survey report,  denials management services   cost healthcare practices around $262 billion each year.CO 50 means that the payer refused to pay the claim because they did not deem the service or procedure as medically necessary. Denials received due to lack of medical necessity are considered as hard denials as it’s ...

The Top 10 Inhouse Medical Billing Issues

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Managing a medical practice has never been simple, and there is no reason why it will be now, unless you outsource it to the right professionals. In no small measure, the process can be exhausting and challenging when it comes to an internal medical billing team. Let’s get straight to the in-house medical billing issues, shall we? 1.  Quality Resources If you don’t have access to quality software, patient education programs, productivity tools, or customer service, you’ll be forced to carry on the old-fashioned method of doing things with medical billing. Resources for medical billing are required to maintain a high percentage of clean claims and increase revenue. In terms of inhouse medical billing, this is one of the biggest issues. 2.  Medical Billing Software Medical billing software which is not specifically designed for your business, will simply introduce inefficiencies into your billing process. Software that touts being all-purpose or suitable for all specialties, sho...

What is CPT Code 90791 ? When & How To Use It

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  Before delving into the specific guidelines for using code 90791, let’s examine how this code is most frequently used and how it differs from the similarly-themed code 90792. “Integrated biopsychosocial assessment, encompassing history, mental status, and recommendations” is denoted by the code 90791. It first appeared in 2013, when code 90801 was replaced by a number of revised mental health CPT codes. Code 90792 and code 90701 were developed concurrently, and many practitioners frequently become perplexed by these two codes. The only significant distinction between the two numbers is that code 90792 covers medical services like filling a prescription. This makes code 90792 only available to psychiatrists and other qualified medical personnel. Understanding CPT Codes Can Help You Expand Your Practice For a therapy practice to be wholesome and long-lasting, numerous factors are required. Even though billing isn’t generally thought of as an exciting subject, it’s one of the most c...