4 Keys to Submitting Claims Successfully
Submitting claims requires an A-list clearinghouse. Let’s face it. The claim management process is quite tasking, and without the right intermediary, getting what is due to you can be an uphill task. A slight delay or an unsuccessful claim could mean poor cash flow for your organization. In today’s post, you’ll discover what it takes to file a successful claim. We’re persuaded you’ll find this helpful and that it’ll positively influence your bottom line. So, let’s get started! 1. Make Payments a Priority Cash flow is the bloodline of every successful organization. Without adequate funds, it’s more like a blood clot blocking
Medical vs. Vision Care Claim Processing
Handling claims regarding optometry and ophthalmology can entail a string of tiny details, including differences between billing to a vision plan versus what you should bill through a patient’s medical insurance. Differentiating between the two can often be a little confusing at first, and that’s okay. To make things easy, let’s review what the differences between both types of claims are, why they’re important, and how you can make handling them a seamless process. Vision Plans vs Medical Insurance The average medical health insurance policy covers unexpected emergencies, meaning that routine eye exams, contact lenses and glasses are not considered or covered
How to Audit Medical Claims
A medical claims audit can prove to be the most valuable tool in your clinic’s compliance arsenal. When properly conducted, an audit can boost your claims accuracy and help your medical billing unfold more efficiently. Whether you choose to conduct your review internally or hire an external auditor, it’s important to understand how to audit medical claims. The key to ensuring that your audit proceeds smoothly is to first streamline your claims process with a proven clearinghouse such as Apex EDI. Below is a look at the claims auditing process and the role that medical claims software can play in
Guide to Optometry Billing and Coding
According to the US Center for Disease and Control (CDC), approximately 12 million people in the United States have some form of vision impairment. Another 93 million adults are at a high risk of severe vision loss. With such startling revelations, experts estimate the employment gap for Optometrists to increase faster than most regular occupations in the US. As the demand for optometric treatments rises, practicing optometrists must streamline their billing and coding process to ensure they follow proper procedures. To help you get started, we have put together a definitive guide about optometry billing and coding. Billing and Coding for Optometry
Are Claims Management Companies Worth It?
The world of insurance claims can be challenging, intimidating, and downright frustrating at times. Between changing regulations, delayed payments, and unresponsive financial institutions, you may find yourself wishing a fairy godmother would swoop in to magically take care of all your claims and deliver all your payments in light speed. Unfortunately, fairy godmothers don’t exist in the insurance claims world. But for many private practitioners, claims management companies are the next best thing. They have the skills and resources to handle your claims processing from start to finish, helping you to secure payments faster while reducing your stress. In short, hiring a claims
What is EDI Enrollment and What Are the Benefits of an EDI Clearinghouse?
The introduction of the electronic claims process changed healthcare forever. In a system that was riddled with inefficiencies and inaccuracies due to paper claims management, digital billing offered a solution. For providers looking to eliminate these problem areas in their claims process, EDI enrollment is necessary. Electronic Data Interchange (EDI) is an innovative digital communication tool that is used to deliver data from a provider to a payer. In order to be eligible to submit electronic claims to an insurance company, providers must complete EDI enrollment. What is EDI Enrollment? Some payers require EDI enrollment in order for providers to submit electronic
Why Electronic Claim Submission is Worth Switching For
So, you have a clearinghouse partner. Great. But what if they only offer paper claims for certain payers? Not so great. The ability to submit claims electronically is key to maximizing your revenue stream. If your clearinghouse provider no longer offers electronic claims submission, you might want to consider a change. And don’t worry. It’s easy. The Benefits of Electronic Claim Submission When you submit paper claims, a lot can go wrong along the way. Your claims and your organization’s cashflow are at the mercy of postage. And not to mention, the entire claims management process is slowed to a crawl. With
COVID-19 Medical Claims. What You Should Know.
It is hard to find someone in our current world who is not aware of COVID-19. The entire world was affected by the global coronavirus pandemic and it has been a source of dispute and chaos all while medical researchers and healthcare workers have desperately tried to keep up. When dealing with a health crisis of such a massive scale, it is important that everyone be knowledgeable about keeping safe. For healthcare providers, properly filing COVID-19 medical claims can maintain smooth operations and better patient experiences. In this article, we speak directly to healthcare professionals and billers submitting claims related
How to Maximize Telemedicine Billing
Telemedicine is no longer just the future of healthcare. In today’s healthcare climate, it is an absolute necessity. As telemedicine, or telehealth, becomes the norm for healthcare providers, those providers as well as insurance companies will need claim processing software that best optimizes their telehealth billing. Telemedicine’s Growth Telemedicine, or telehealth, has come into its own in the last several years. Patients are more connected than ever before. They value online reviews, prefer to make appointments and pay bills online, and want alerts to help them manage their busy lives. With this and recent technological developments, telehealth and mobile functionality are becoming the increasingly dominant choice for healthcare. Furthermore, in the wake of the COVID-19 pandemic, the demand for telehealth services and coverage has never been higher. Even after the heightened precautions of the pandemic
8 Benefits of Using a Claims Clearinghouse for Medical Billing
Health insurance has always been a highly debated topic. With more people using a larger variety of health insurance options, we ultimately have more insurance claims to file. Unfortunately, this means medical associations and individual practitioners often find themselves bogged down with more and more paperwork and medical billing can become overwhelming. Medical claims processing can be a stressful ordeal, so let us help you figure out what you need to know. Schedule a free live demo of Apex EDI today. How Medical Claims Processing Works We live in a world where technology is expanding at unbelievable rates. With this massive growth, the way
How to Prepare Your Practice for Medical Billing During a Disaster
Natural disasters can cause serious problems for medical facilities. When medical providers are inundated with victims or face other outages that impede proper functioning, medical claims are the last things on the mind. Unfortunately, this can cause major disruptions to patient care and revenue streams down the line. However, natural disasters are a part of our world, so it’s wise to have a contingency plan in place just in case. Thankfully, there are steps healthcare facilities can take ahead of time to prepare themselves in the case of the unexpected, preventing the loss of revenue for their hard work. Let’s take a look at some of the natural disasters that have
Your Guide to Telehealth Billing
The Mayo Clinic defines telehealth as “the use of digital information and communication technologies, such as computers and mobile devices, to access health care services remotely and manage your health care.” Telehealth is often referred to as “telemedicine,” although it encompasses a broader range of services than remote clinical sessions. Not surprisingly, telehealth has exploded in popularity in 2020, especially in the wake of the COVID-19 pandemic. Of course, even before then telehealth was already an integral part of many health care providers’ service packages, with at least 76% of hospitals connecting with patients and consulting practitioners remotely through advanced
Why You Need a Medical Billing Clearinghouse for Your Practice
It’s no secret that documents now exist in electronic forms more than paper formats. If you run a medical practice, you undoubtedly have experience with processing medical claims for patients’ medical bills. Filing electronic paperwork reduces the time and effort required to correct and send the claims. With the right medical claims software, you can streamline the business side of your practice and focus on treating your patients. What Is a Clearinghouse? A clearinghouse acts as a polisher for your medical claims, also known as ANSI-X12 837 files. To create the files, you use billing software that picks patient details
What is a Medical Billing Clearinghouse, and Why Should You Use One?
Many practices use a medical billing clearinghouse to process their claims to insurance companies. What is a medical billing clearinghouse, and why do so many healthcare providers invest in this option? The following guide will provide detailed answers to these and other questions. What is a Medical Billing Clearinghouse? Medical billing is often a complicated and time-consuming process. An intermediary clearinghouse service provider helps to streamline that process by checking claims for errors, storing detailed information on each claim, and enabling electronic funds transfer (EFT) payments. As a result, more claims are paid on time, and less time is wasted
Medical Claims Clearinghouses: A Guide
There are several important things to consider concerning using a claims clearinghouse for your practice. Here are some examples of what you need to know to make sure that you are armed with the right data to make good decisions. The Importance of Having the Right Medical Claims Clearinghouse Your office can benefit significantly from having effective claims clearinghouse these days. Here are a few reasons why this is the case. The Age of Digitization While it’s still common for offices to send paper bills for their services, the actual healthcare claims themselves are processing everything digitally more and more.