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How to Increase Hospitalist Collections

The best way to keep your hospitalist practice running smoothly is to increase your collections. If you follow these steps, you can improve your billing and free up time to see more patients.

Tip #1

Outsource Your Practice’s Billing

One way to streamline your medical billing processes is to outsource them to an external company. This can free up your own time for more patients as well as ensure that claims are handled in a timely and accurate fashion. Plus, you and your staff won’t need to spend time training on updated codes.

Tip #2

Streamline Your Billing In-House

If you’d prefer to keep your medical billing within your practice, then it’s important to streamline the process. It’s best to choose just one person who will always be in charge of the billing. This can help to improve the speed at which claims are made and also improve accuracy because the dedicated employee has the training and knowledge to better handle collections.

Tip #3

See More Patients

Once you’ve either outsourced your billing or streamlined the process in-house, you’ll have more time to take on more patients. You only have so many hours each day, so one or the other is necessary in order to free up that time for more patients.

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Reasons Why Outsourcing Is Profitable for Neurology Practices

It’s important for every medical practice, neurology included, to improve their claims filing process to increase collections. One way to do this is to outsource your medical billing to an external company that specializes in claims. Companies that handle outsourced billing are experts and will be faster at filing and will also know more specific and accurate codes.

Reason #1

Minimize Costly Mistakes

One of the primary advantages of outsourcing your medical billing is that you’ll have an expert handling it. Such a company does only claims processing and so may be better suited to ensuring codes are accurate. Making a mistake on a claim could delay collections or even result in a rejection from the insurance company.

Reason #2

Reduce A/R Time

As a neurologist, you’ve got your hands full already seeing patients. Because of this, you may not have the time or attention needed to handle billing to the best of your ability. Outsourcing can ensure that claims are filed on time, thereby reducing A/R time.

Reason #3

Save Money on Overhead

By outsourcing your billing, you’re also saving money. Instead of having to dedicate a staff member to handling the billing or having to process claims yourself, you can reduce the amount of money you have to spend on overhead and could even reduce the number of staff members needed to run your practice.

Reason #4

You’ll Have More Time to Spend with Patients

Once you no longer have to worry about processing claims, you’ll have more time to spend with your patients. This can also help to increase your collections because you’ll have the time to take on more patients than before.

How You Benefit from Outsourcing Your Medical Billing

There are numerous benefits to outsourcing your medical claims process. You’ll free up your own time to see more patients and get even more in collections. You’ll reduce the risk of errors and also speed up the time it takes to receive collections.

Quest National Services has skilled billers who are up-to-date on the latest codes, processes, and regulations. Plus, our billing services are tailored specifically to your needs so that you know your claims are in the right hands. Don’t hesitate to contact us for more information.

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Common Mistakes Hospitalists Make With Their Medical Billing

Accurate medical billing is essential to the running of any practice, including for hospitalists. Some practices make the following mistakes in their claims processes, however, which can prevent them from reaching their maximum revenue.

Error #1

Your Codes Are Inaccurate

Inaccurate codes are a problem for multiple reasons. The first is that claims are delayed because they were denied. Insurance companies typically won’t accept claims that aren’t accurate. On top of that, repeated instances of inaccurate codes could get you flagged for an audit to investigate potential fraud.

Solution

Hire a professional to handle your medical billing in order to guarantee code accuracy.

Error #2

Your Codes Are Too General

If you don’t use specific enough codes when you process claims, you may end up missing out on some revenue. Too general of codes could reduce the amount you can collect.

Solution

Outsourcing your billing to a professional can help to improve code specificity.

Error #3

You File Claims Late

Filing claims late can delay collections. The longer you wait to process your billing, the later you’ll have to wait to receive the revenue. Additionally, some claims may have deadlines and they could be rejected if they’re filed after that date.

Solution

Guarantee timely filing by designating one staff member to handle billing.

Error #4

You Don’t Ask Patients for Billing Information Often Enough

Timely and accurate medical billing won’t help improve collections very much if claims are sent to the wrong insurance company. A common error practices make is not checking with patients for updated insurance information.

Solution

Ask patients for their latest insurance information every time they come in.

Error #5

You’re Underbilling Your Patients

Underbilling patients could easily occur if your staff isn’t properly trained on your billing processes. Inaccurate codes or codes that aren’t specific enough could cost your practice in collections.

Solution

Make sure that your staff is fully trained on your codes and billing processes.

Consider Outsourcing Your Medical Billing

Hospitalists are busy tending to patients and may not have the time to correct these billing errors. Outsourcing your medical claims process could free up your time as well as help to ensure billing accuracy.

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How to Increase ENT Collections

Medical billing is an essential component of running any type of practice and ENT practitioners are no exception. These tips can help them to maximize billing in order to improve their practice’s collections as well as free up time to see more patients.

Tip #1

See More Patients

One way to increase your profit is to see more patients. However, there’s only so much time in the day and if you don’t also follow one of the next two tips, this may not be possible.

Tip #2

Outsource Your Claims Process

Outsourcing your billing process can help you to free up time for more patients. Hiring an external company to manage your claims also has the added benefit of professional expertise regarding CPT codes and billing regulations.

Tip #3

Streamline In-House Billing

If you’d prefer to keep your medical billing in-house, another option is to streamline your current billing processes instead. To do this, it’s recommended that you have one employee chosen to handle the billing so that they can become your expert in regulations and codes. This employee can also focus on billing so that claims are processed on time. Medical billing software help to make streamlining collections much easier.

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5 Common Mistakes ENT Specialists Make With Their Medical Billing

Your focus may be your patients, but no ENT practice can run without billing. However, some common mistakes can hold your practice back from maximizing profits.

Mistake #1

Codes Aren’t Accurate

Mistakes with coding can cost your practice in multiple ways. To start, inaccurate codes are more likely to be rejected by insurance companies. This then results in a delay in collections because the claim has to be filed again. On top of that, repeated mistakes can result in your practice getting flagged for auditing. This is because inaccurate codes are a sign of fraud.

Solution

Outsource your medical billing to an expert who will be familiar with specific codes and regulations.

Mistake #2

Insurance Isn’t Verified Often Enough

Billing can take a long time if you’re not sending claims to the correct insurance company. It’s therefore essential to frequently check with patients that you have the right insurance information for them. Asking patients if they’ve changed their insurance every time they come in can help to ensure you’re billing the right place.

Solution

Ask patients for insurance information every time they visit.

Mistake #3

Claims Aren’t Filed on Time

Filing claims late is another mistake that ENT specialists can make. Your practice is busy treating patients and sometimes claims can be delayed. However, this can result in lost profit because claims typically have a deadline. If that deadline isn’t met, you may be missing out on potential collections.

Solution

Choose one staff member to focus on billing.

Mistake #4

Patients Aren’t Billed Enough

Another mistake that ENT specialists may make with their billing is not billing enough. Underbilling frequently occurs when the staff members handling claims aren’t knowledgeable enough about different rules and codes.

Solution

Make sure that staff members handling claims are fully trained.

Mistake #5

Codes Aren’t Specific Enough

If your codes are too general, you could be missing out on collections. This could result in lower profits for your practice.

Solution

Outsource your billing to a company with experts in CPT codes and billing.

How Outsourcing Can Help You Maximize Your Billing

An external company can help ENT practices to maximize their collections by ensuring accuracy and timeliness in filing claims. This also helps to increase collections by allowing you to take on more patients.

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Sleep Center CPT Codes for 2022 + Modifiers

Accuracy is vital in medical billing. Errors in coding can not only increase the likelihood that a claim is rejected, but they can also increase the time that it takes to receive collections. On top of that, errors can also flag your sleep center for audits under the suspicion of fraud. Knowing the latest codes and modifiers can help you to avoid such errors.

Sleep Center Code Ranges in 2022

The following are updated CPT codes for sleep center services in 2022:

  • 95782 – polysomnography attended by a technologist for a patient younger than six years old with 4 or more additional sleep parameters
  • 95783 – polysomnography attended by a technologist for a patient younger than six years old with CPAP therapy or bi-level ventilation with 4 or more additional sleep parameters
  • 95800 – unattended sleep study with recording, sleep time, and analysis of oxygen saturation, respiratory and heart rate
  • 95801 – unattended sleep study with recording and analysis of oxygen saturation, respiratory and minimum heart rate
  • 95803 – actigraphy testing with recording, analysis, interpretation, and a report
  • 95805 – sleep latency and wakefulness testing
  • 95806 – unattended sleep study with recording of heart rate, oxygen saturation, respiratory effort, and respiratory airflow
  • 95807 – sleep study attended by a technologist with recording of ECG, heart rate, ventilation, or oxygen saturation
  • 95808 – polysomnography attended by a technologist for a patient of any age with 1-3 sleep parameters
  • 95810 – polysomnography attended by a technologist for a patient six years old or older with 4 or more additional sleep parameters
  • 95811 – polysomnography attended by a technologist for a patient six years old or older with CPAP therapy or bi-level ventilation with 4 or more additional sleep parameters
  • 94660 – CPAP initiation and management
  • 99202 – new patient office visit level 2
  • 99203 – new patient office visit level 3
  • 99204 – new patient office visit level 4
  • 99205 – new patient office visit level 5
  • 99211 – established patient office visit level 1
  • 99212 – established patient office visit level 2
  • 99213 – established patient office visit level 3
  • 99214 – established patient office visit level 4
  • 99215 – established patient office visit level 5
  • E0485 – prefabricated oral device to reduce collapsibility of upper airway
  • E0486 – custom fabricated oral device to reduce collapsibility of upper airway
  • E0601 – CPAP device
  • E0470 – bi-level pressure respiratory device with backup rate feature
  • E0471 – bi-level pressure respiratory device without backup rate feature
  • G0398 – unattended home sleep test with type ii portable monitor
  • G0399 – unattended home sleep test with type iii portable monitor
  • G0499 – unattended home sleep test with type iv portable monitor

Sleep Center CPT Code Modifiers

CPT code modifiers can help maximize collections by making claims more specific.

  • 310 – Not vaccinated against COVID-19
  • 311 – Partly vaccinated against COVID-19
  • 39 – Indicates any other under-immunized status

Learn more in our guide to sleep center medical billing, or contact us to learn more about our sleep center medical billing services.

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4 Reasons Why Outsourcing Is Profitable for Sleep Centers

Sleep centers can improve profitability in multiple ways. Streamlining in-house collections is one way. However, outsourcing medical billing can in many cases be a better solution for these reasons.

Reason #1

Outsourcing Can Reduce Costly Errors

Because your area of expertise is in medicine and your primary focus is on your patients, rather than in medical billing, it’s possible for billing mistakes to occur. Unfortunately, billing errors can end up being costly. Outsourcing can help to reduce errors that could end up leaving profits on the table because experts are handling your billing.

Reason #2

Outsourcing Can Reduce Your Overhead

Medical billing can be time-consuming. Sleep centers may need to have an employee dedicated to processing claims and handling collections. By choosing to outsource instead, you could reduce the overhead costs associated with the billing process. You may be able to have fewer employees on staff, which can save your practice money.

Reason #3

Outsourcing Can Decrease A/R Time

The faster your billing is processed, the faster your sleep center can get the profits that keep the doors open and the lights on. Outsourcing can help to ensure that claims are processed in a timely manner so that collections are received more quickly.

Reason #4

Outsourcing Can Free up Your Time

Doctors are busy people. By outsourcing your medical billing to an external company, you can free up more time to see patients, which in turn can increase your collections.

How to Outsource Your Medical Billing

There are many excellent reasons to choose outsourcing as the solution for your sleep center’s medical billing. Not only can you reduce the risk of errors that could reduce your profitability but you can also free up more of your own time to see more patients.

If you’re considering outsourcing your billing, contact us today. Our services are tailored to meet the unique needs of each different type of medical practice, including sleep centers, so you’re receiving the services your practice needs. Additionally, our expert billers will have the latest information on codes and billing rules.

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Hospitalist CPT Codes for 2022 + Modifiers

To make the most out of your medical billing, it’s essential to be as accurate as possible. Knowing the latest codes and modifiers can help your hospital to be both more accurate and more specific, maximizing potential profits from patient claims.

Hospitalist Code Ranges for 2022

The following are updated CPT codes for hospitalists in 2022:

  • 99221 – hospital inpatient care services (new or established patient)
  • 99222 – hospital inpatient care services (new or established patient)
  • 99223 – hospital inpatient care services (new or established patient)
  • 99231 – subsequent hospital care services
  • 99232 – subsequent hospital care services
  • 99233 – subsequent hospital care services
  • 99238 – hospital discharge services
  • 99239 – hospital discharge services
  • 99241 – outpatient consultation services (new or established patient)
  • 99242 – outpatient consultation services (new or established patient)
  • 99243 – outpatient consultation services (new or established patient)
  • 99244 – outpatient consultation services (new or established patient)
  • 99245 – outpatient consultation services (new or established patient)
  • 99291 – critical care services
  • 99292 – critical care services
  • 99251 – inpatient consultation services (new or established patient)
  • 99252 – inpatient consultation services (new or established patient)
  • 99253 – inpatient consultation services (new or established patient)
  • 99254 – inpatient consultation services (new or established patient)
  • 99255 – inpatient consultation services (new or established patient)

Hospitalist Modifiers

Use modifiers to make codes more accurate and specific in order to increase collections from claims.

  • 25 – indicates a visit is separate from a procedure performed on the same day
  • 310 – not vaccinated against COVID-19
  • 311 – partly vaccinated against COVID-19
  • 39 – indicates any other under-immunized status

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4 Reasons Why Outsourcing Is Profitable for Hospitalists

Outsourcing your medical billing is one way to maximize your hospital-based practice’s profits. Doing so can help to reduce errors that could cost your profits. Having an external company file your claims for you can minimize these mistakes and increase your collections in these ways.

#1

Overhead Costs Are Reduced

When you keep your medical billing in-house, you have to have employees process claims. If you choose to outsource your billing, then you won’t have to pay to keep as many people employed at your practice.

#2

Expensive Mistakes Are Reduced

Errors in billing can be costly to hospitalists. If you use the wrong codes or aren’t specific enough, you could be missing out on collections. By trusting your claims filing to an expert company, you’ll reduce the risk of expensive mistakes.

#3

A/R Time Is Reduced

Outsourcing can also help to reduce the amount of time it takes for hospitalists to receive payment from insurance companies. An external company dedicated to medical billing can process claims much more quickly than they can be done in-house.

#4

Time With Patients Is Increased

With your medical billing outsourced, you’ll have more time to see more patients. This, in turn, increases the potential profits from more patient claims.

The Benefits of Outsourcing Medical Billing

Outsourcing the billing process is beneficial for hospitalists for a number of reasons. Not only do you reduce the risk of errors but you also free up more time to see patients, which then results in more collections.

Quest National Services tailors its medical billing services to meet the specific needs of each type of medical practice. Plus, our billers are skilled and up-to-date on the most recent billing rules and codes. Contact us today for more information about our services.

Work with an expert medical billing team

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How to Increase Neurology Practice Collections

Maximizing your collections is vital to keeping your neurology practice running smoothly and enables you to stay open to treat more patients. Following these tips will help you to increase your profitability.

#2

Streamline In-House Medical Billing

One way to free up more time to take on more patients is to ensure that your in-house medical billing is as streamlined as possible. Choose one employee who will be dedicated to the billing process. That way, this staff member can become an expert in the necessary codes and billing rules. Additionally, using medical billing software can help to maximize your billing and ensure accuracy.

#3

Hire an Outsourced Company

If you’d rather not handle your medical billing yourself, another option is to outsource the process. An external company can manage claims on your behalf, freeing up your time so that you can increase your patient numbers.

#1

Take on More Patients

The more patients you have, the more collections you may have. However, there are only so many hours in the day and this option may need to be combined with one of the other tips, which are ways to free up more time for patients.

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