Maximizing Revenue and Minimizing Errors with Expert Revenue Cycle Management
Recent medical and technological advancements have significantly improved the effectiveness of pulmonary treatments. However, these developments have also introduced more complex requirements in medical coding and billing for pulmonary practices.
Pulmonology, being a relatively high-cost medical specialty, is particularly vulnerable to revenue loss when billing and coding errors occur. The complexity of ever-evolving pulmonary billing codes increases the risk of errors. However, an experienced pulmonology billing and coding team can minimize these errors and efficiently manage rejected and denied claims. In contrast, less experienced office staff may struggle with these tasks, leading to prolonged resolution times and significant revenue losses.
The billing process in pulmonology starts as early as the scheduling phase, where insurance coverage and payer requirements must be confirmed. The need to frequently reschedule appointments due to coordination with other specialists, hospital procedures, and annual check-ups adds another layer of complexity.
Pulmonology also involves seasonal services such as flu shots, vaccines, and other preventive measures that require tracking and scheduling. These services introduce additional coverage and coding challenges that must be addressed.
Pulmonology procedures often involve intricate coding, including the use of modifiers to capture the necessary details for full reimbursement. While inexperienced coders may identify the general code for a procedure, they often miss the deeper levels of detail required for accurate billing.
Unlike general medical practices that handle a high volume of low-dollar claims daily, pulmonology deals with fewer, more complex cases. With only 10 to 15 patients seen on a typical day, the financial impact of a single unpaid claim can be substantial.
With the increasing complexity of pulmonology billing and the pressure from payers to reduce costs, it is crucial to have an effective revenue cycle management (RCM) system in place. Outsourcing your pulmonology billing to HBH Solutions ensures that certified specialists manage your RCM from start to finish, allowing medical professionals to focus on patient care.
Specializing in pulmonology billing allows HBH Solutions to stay informed on government incentives and maximize revenue opportunities. We handle daily billing tasks, promptly address denials and rejections, and manage annual payer adjustments to optimize your practice’s financial performance.
HBH Solutions’ services begin at the scheduling stage and extend through all billing aspects, including debt collection when necessary. Our team of certified coders is well-versed in over 40 specializations, including pulmonology billing. We excel at identifying and correcting over-coding and under-coding issues, ensuring clean claims are submitted.
Praesent tincidunt sapien nec leo ultricies, nec vehicula nisi convallis. Etiam ac ex nec justo vehicula ultrices. Nam vestibulum lacinia elit, in fringilla massa. Sed gravida sapien sit amet libero viverra, nec volutpat nisi ullamcorper.
Elementum habitasse curae congue urna suscipit mauris nunc. Vel imperdiet ante ultrices mauris nibh a dis condimentum. Nulla etiam hendrerit ornare blandit ultrices lectus amet nam.
Elementum habitasse curae congue urna suscipit mauris nunc. Vel imperdiet ante ultrices mauris nibh a dis condimentum. Nulla etiam hendrerit ornare blandit ultrices lectus amet nam.