OBGYN is one of the fastest growing segments in the healthcare space and keeping up with the administrative protocols is a major concern for the providers.
In most cases, obstetricians and gynecologists handle the financial aspects of the practice on their own.
Now as the specialty involves huge filing claims considering different procedures, tests and surgeries. Thus, navigating through the claim submission requirements is like navigating through a complex maze.
Due to the intricacies, there are often errors in your OBGYN medical billing services which leads to claim denials and revenue loss.
With the increasing volume of patients and workload, it is becoming difficult for the providers to sustain quality services.
To maintain a staff that is pro in OBGYN medical billing and coding is tough considering the competitive landscape of the healthcare industry and consistent skill shortages.
Coming back to an alarming question of how your OBGYN practice can sustain revenue and quality in this dynamic healthcare landscape?
Tricks to Improve Your OBGYN Medical Billing Services
OBGYN specialties is one of the most sensitive arenas in the healthcare sphere and grappling with the challenges of changing billing and coding regulations and guidelines.
Here we have discussed some secret tips through which you can overcome the OBGYN medical billing issues and optimize revenue and functionality of your practice.
Capture correct patient information
Having comprehensive and accurate patient information is fundamental when it comes to effective billing and coding operations. With the correct information in your hand, you can treat patients with better services and the billing process will not be a headache anymore.
Verify insurance eligibility and obtain prior authorization
It doesn’t matter whether the patient is new or regular; you need to verify the insurance coverage and benefits for every visit. Otherwise, you will end up providing services that are not covered within the patient’s benefits, and you have to write those services off. Claim denials and revenue loss will be your last resort.
Also, obtaining preauthorization is a must when it comes to timely and accurate reimbursements for the rendered services. You need to abide by the prior authorization requirements to obtain correct reimbursements for the services you provided.
Stay updated
If you miss out on the latest coding regulations and payors’ claim submission guidelines, there will be multiple errors in your billing and coding documentation and chances of claim denials will be heightened.
Train and educate your staff and learn about the current updates in coding and billing regulations so that you have a streamlined operation.
Some additional tips to enhance your OBGYN medical billing:
- Implement effective denial management
- Consider consistent communication with the stakeholders
- Use a billing software
- Conduct internal audits to identify the loopholes in the revenue cycle management process
Implementing these practices in your billing and coding services can be troublesome considering the immense work pressure you already have.
Instead of that outsourcing to a revenue cycle management organization is a more feasible and cost-effective solution.
Improve Your Practice’s Bottom Line with Sunknowledge
Sunknowledge Services Inc has been providing bleeding-edge solutions to the providers for more than a decade.
Not only in OBGYN space but 30+ other specialties have benefited the company.
The team works across different time-zones as per your convenience and practice requirements thus acting as an extended operational arm of your practice.
With consistent client audits the team stays updated about the industry best practices and technologies. As a result, your claims are accurate and there is a rare chance of denial.
At just $7 per hour, the company provides you with end-to-end solutions for your OBGYN medical billing services.
So, with Sunknowledge you can boost efficiency, productivity and revenue of your practice in the long run.
To learn more about their services, you can contact one of the RCM experts. They are just a call away!
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