Here are five tips for maintaining strong financial success, according to AAPC.
• Monitor productivity. Track provider productivity and manage provider expectations of compensation.
• Capture charges. Ensure that all services are properly identified and captured in the billing sheet or EHR.
• Ensure claims are clean. Double check that claims are clean the first time they are sent.
• Create effective collections policies. Put in place policies to ensure co-pays, deductibles, co-insurance and past due balances are collected.
• Review payer contracts. Review and renegotiate contracts on a regular basis to maximize reimbursement.
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• Monitor productivity. Track provider productivity and manage provider expectations of compensation.
• Capture charges. Ensure that all services are properly identified and captured in the billing sheet or EHR.
• Ensure claims are clean. Double check that claims are clean the first time they are sent.
• Create effective collections policies. Put in place policies to ensure co-pays, deductibles, co-insurance and past due balances are collected.
• Review payer contracts. Review and renegotiate contracts on a regular basis to maximize reimbursement.
More articles on coding and billing:
Demand for medical coders on the rise
4 things to know about future of ACOs
HCA to acquire mobile health software developer PatientKeeper