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Showing posts from May, 2023

Urgent Care Billing And Coding Guidelines 2023

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Facilities that offer quick medical care to people with non-life-threatening diseases are known as urgent care facilities. However, adherence to precise billing and coding requirements is necessary to ensure adequate remuneration for the services provided. Companies like 3Gen Consulting, which specializes in medical billing and coding, are experts in navigating these regulations, maximizing revenue capture, and streamlining the billing process for urgent care providers. The advantages of working with reputable billing businesses are discussed in this article along with the significance of comprehending the urgent care billing and coding rules for 2023. Accurate Coding for Diverse Services Diagnostic testing, quick treatments, and consultations are just a few of the services that urgent care centers provide. For these services to be properly reimbursed, accurate coding is necessary. Companies that handle medical billing and coding are quite familiar with the Current Procedural Terminol...

Why Is Medical Coding Audit Crucial In The World Of Healthcare?

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  Medical coding is a complex and time-consuming process, and it is important to ensure that codes are assigned correctly. Medical coding audits are a type of quality assurance process that is used to verify the accuracy of medical coding. Audits can be conducted by internal or external auditors, and they typically involve reviewing medical records, coding guidelines, and insurance reimbursement policies. In the complex world of healthcare, accurate and compliant medical coding is of utmost importance. Medical coding ensures that healthcare providers are properly reimbursed for the services they render, while also maintaining regulatory compliance. To ensure the integrity and accuracy of medical coding practices, medical coding audit play a crucial role.   In this blog, we will explore the significance of medical coding audits and how they contribute to the success of healthcare organizations. As a leading provider of medical coding services, 3Gen Consulting understands the...

How Do Medical Groups Handle Healthcare Denial Management?

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Denial management is an essential aspect of revenue cycle management for medical groups. Healthcare denials can have a significant impact on a medical group's financial health and lead to revenue loss if not managed properly. It's essential to have a robust denial management process in place to identify the root cause of denials and take steps to prevent them from happening in the future. In today's healthcare landscape, medical groups face increasing pressure to improve their revenue cycle management processes and minimise denials. To effectively handle denial management, a combination of process and people is required. In the healthcare industry, denial management is the process of identifying and resolving denied claims. Denials can occur for a variety of reasons, such as: Incorrect or incomplete documentation Coding errors Eligibility issues Medical necessity Now that you are aware of the common reasons behind denials. Let us take you through how medical providers may h...

Tips For Pediatric Billing And Coding In 2023

  As 2023 kicks off, now is a great time for   pediatric revenue cycle   leaders to take a step back and review ways they can set themselves up for success, reevaluating some of their priorities and best practices. For many leaders, this can involve everything from renewed focus on efficiency to reviewing your relationship with   pediatric medical billing companies . Review Your Current Coding Landscape Before you get into any area where you might want to make changes, review where you stand now. Look at your claims, denials, and appeals processes. Take time to look at contract performance and your contracting processes. Sit down to review compliance and what standardized code sets you’re currently using, including CPT and ICD-10-CM. If you have relationships with  pediatric medical billing companies , now is a good time to review them. Look at how your current revenue cycle is structured, your software and staffing profile, and the systems and processes you’re ...

2023 Revenue Cycle KPIs To Address Challenges From Denials In Medical Billing And Beyond

  Healthcare provider finance is moving into an entirely new era. As margins continue to be strained, CFOs are facing new challenges such as the   end of the public health emergency , staffing shortages, and millions potentially being thrown off the Medicaid rolls. This means that while some metrics of the past will serve you well, you will need to prioritize certain KPIs that will help you get through challenges in a world reshaped by COVID. HFMA has a challenge-based list of KPIs (MAP Keys) to prioritize in 2023 and beyond as you navigate a new world of change [1] . Denials and Self Pay Continuous coverage during the COVID-19 public health emergency required states to maintain their Medicaid coverage for most people, preventing them from terminating enrollees since March 2020. But as of April 1, 2023, states began reviewing enrollment eligibility to start the process of ending coverage for anyone found ineligible. One of the most significant expectations is that denial preve...