Cardiology is often a specialized field within the healthcare industry that needs a myriad selection of treatment services. In general, billing and coding cardiology requires expert knowledge as also a minor mistake can trigger huge claim denials. The introduction of recent coding terminologies renders cardiology billing even more complicated, resulting inside loss of a tremendous percentage from the revenue. Although there continues to be an increase within the average Medicare fees by 1.1%, cardiology has suffered a 2% reduction from the Medicare fees yearly. Therefore, the benefits of cardiology practices are already affected furthermore. In this article, lets find out about cardiology billing and just how outsourcing might help incur such revenue losses:
Cardiology is definitely an intricate field and coding interventional procedures like electrophysiology, Computerized Tomographic Angiography (CCTA) and cardiac catheterization lab needs utmost accuracy in coding. Therefore, cardiology medical billing services must be handled by highly-trained and experienced professionals. The staff have to be well-versed from the ICD-10 coding terminology regarding cardiology billing. However, you cannot assume all US medical billing companies have such trained staff inside their inhouse team. Hence, medical billing outsourcing with an offshore vendor is a good choice.
The US medical industry is continuously evolving with new reforms and regulations. Staying current is essential to make sure accurate cardiology medical billing services. Updating software and technology systems depending on the current standards has become one with the top priorities, however it requires a huge investment. That’s why medical billing outsourcing is usually a better solution as offshore vendors consist of fully-loaded tech systems. Also, they then stay compliant with latest HIPAA rules and provide ISO certifications.
Complete Clinical Documentation:
It may be estimated that more than 450 code changes are designed to the ICD-10-CM code set within the Cardiology department for your year 2019 (susceptible to change in upcoming years). Some significant changes include addition of brand new codes inside the category, cerebral infarction, inclusion of any new subcategory to hereditary cerebrovascular diseases plus some other code revisions. To ensure proper cardiology medical billing services and reduced coding errors, thorough clinical documentation is vital. Experienced offshore vendors perform this documentation well, so outsourcing can be an ideal choice.
Other Benefits of Outsourcing: In addition to the aforementioned advantages, cardiology medical billing outsourcing carry other benefits like,
• Checking and updating codes frequently
• Conducting regular QA (Quality Assurance) audits
• Timely AR follow-up
• Reducing claim denials
• Offering custom-friendly analysis and monthly reports
• Faster turnaround time
• Saving overhead costs
• Maximize revenue generation
About e-care India:
If you want a highly experienced offshore medical billing company that gives exceptional cardiology medical billing services, then look no beyond E-care India. This offshore vendor has twin ISO certifications – ISO 9001:2015 for operational processes and ISO 27001:2013 for ISMS (Information Security and Management systems). E-care offers 24/7 cardiology medical billing services to its endless report on clients without compromising around the quality. To know much more about e-care as well as its services,