Unlocking the Benefits of Optometry Billing Services

Unlocking the Benefits of Optometry Billing Services

Imagine the growth and success your optometry practice could achieve if you could focus solely on providing exceptional patient care, without the burden of managing complex billing processes. It’s time to unlock the benefits of optometry billing services offered by Fortis Medical Billing, a company committed to accuracy, compliance, and unparalleled client satisfaction.

Key Takeaways

• Fortis Medical Billing offers comprehensive optometry billing services to ensure accurate and compliant billing practices, resulting in improved cash flow and patient care.
• Fortis provides auditing & risk management, consulting & staff replacement, RCM solutions with efficient claim processing & overturning denials for optimized revenue cycle management.
• Fortis streamlines insurance processes for optometry practices to enhance cash flow and patient care through timely payments and co-pay collection.

Fortis Medical Billing: Optometry Billing Expertise

Fortis Medical Billing, a premier medical billing company, excels at offering expert optometry billing services. Their highly-qualified eye care billing consultants collaborate with optometry practices to deliver tailored billing solutions that not only address the challenges of accounts receivable management but also improve cash flow and enhance patient care. Fortis’ organized and accessible optometric billing solutions allow medical practices to focus on providing quality medical care, while their team of experts efficiently handles billing, claims, insurance, and compliance matters.

Fortis, thanks to their profound knowledge of unique billing codes employed by optometrists like 92xxx General Ophthalmological Service codes and 99xxx E/M codes, assures precise and compliant billing practices, minimizing the chances of payment delays and tedious resubmission of unpaid claims.

Accurate and Compliant Billing

In the healthcare industry, insurance billing precision and adherence are paramount as they assure compliance with guidelines and regulations set by insurance firms and government bodies, facilitating prompt insurance payments and mitigating risks of fraud, errors, and potential legal implications. Fortis’ specialists, like Beverly Gibson, excel in medical record auditing, E/M training, and audit risk mitigation, ensuring that your practice’s documentation is precise and in line with the required regulations, including those reflected in electronic remittance advice.

Effective team communication in optometry billing is vital to prevent common mistakes and errors in medical claims. Fortis Medical Billing works collaboratively with your practice to optimize the billing process, ensuring accuracy, compliance, and timely payments from insurance payers.

High Retention Rate and Client Satisfaction

Fortis’ dedication to client satisfaction is reflected in their impressive 97% retention rate. They offer comprehensive optometry billing services, including:

• Efficient claim processing
• Overturning denials
• Reducing AR days
• Vision insurance claims
• Timely filing and compliance
• Payment posting and co-pay collection
• Medicaid plan management

By providing these services, Fortis creates a client-centric experience, leading to a high retention rate and a lasting relationship with their clients.

Comprehensive Optometry Billing Services Offered by Fortis

Fortis provides an extensive range of optometry billing services to help your practice gain control over billing processes, maximize insurance payments, and ensure compliance with insurance regulations. Their expertise in billing vision carriers such as VSP, EyeMed, Spectera, NVA, and Davis, as well as traditional medical insurances including Medicare, DMERC, BCBS, and Medicaid plans, allows your practice to benefit from their extensive experience and knowledge in optometry billing.

Fortis, through their all-encompassing optometry billing services, assists practices in streamlining their billing system for enhanced efficiency, profitability, and adherence. This not only streamlines the billing process but also ensures that your practice receives the maximum reimbursements from insurance payers.

Auditing and Risk Management

Auditing and risk management are essential components of a successful optometry practice. Accurate and compliant billing necessitates a thorough evaluation of financial records, operations, and internal controls to guarantee adherence to insurance guidelines and government regulations. Dr. Stephen Taylor, with 25 years of experience as a medical billing specialist and consultant, leads Fortis’ auditing and risk management services, offering the expertise your practice needs to ensure accuracy, compliance, and efficiency in financial records, operations, and internal controls.

Dr. Taylor’s auditing and risk management expertise aids your practice in maintaining a sturdy financial foundation by identifying, evaluating, and mitigating potential risks that could hinder your practice’s goals, thereby allowing you to concentrate on delivering outstanding patient care.

Billing Consulting and Staff Replacement

In addition to auditing and risk management, Fortis offers billing consulting and complete staff replacement services to improve the efficiency and effectiveness of your optometry practice. Their billing consultants specialize in billing and coding compliance, revenue cycle management, and practice management, working closely with your practice to enhance billing efficiency, maximize reimbursement, and ensure financial stability.

Leveraging various software systems for billing, such as:

• OfficeMate
• Revolution EHR
• Practice Director
• CompuLink
• CrystalPM
• AllScripts
• eClinical Works
• My Vision Express
• GOAL

Fortis seamlessly integrates their services with your practice, ensuring a smooth transition and ongoing support for your billing needs.

Improving Revenue Cycle Management with Fortis

Revenue cycle management (RCM) is a critical aspect of any healthcare facility, tracking and managing patient service revenue from the initial appointment to the final payment. Fortis Medical Billing helps improve your practice’s RCM through efficient claim processing, overturning denials, and reducing AR days, ensuring a robust financial foundation for your optometry practice.

Fortis enhances service delivery and optimizes claim results by streamlining the claims management process through the implementation of:

• Digital forms
• Chatbots
• Optical character recognition (OCR)
• Computer vision

Efficient Claim Processing

Efficient claim processing is the backbone of a thriving optometry practice, as it ensures timely payments and maximizes reimbursements from insurance payers. Fortis offers the following benefits to make their claim processing services a valuable asset to your practice:

• Processes claims quickly and accurately, reducing the risk of denied or aging claims
• Ensures that your practice receives payments promptly
• Minimizes errors and reduces costs through the automation of the claims processing workflow
• Scans, digitizes, and validates claims upon reception

In addition to processing claims, Fortis’ efficient claim processing services help minimize data entry errors, facilitate timely claim submission, and maximize insurance reimbursements, further enhancing your practice’s revenue cycle management.

Overturning Denials

Rejected insurance claims can significantly impact your optometry practice’s bottom line. Fortis’ expertise in overturning denials ensures that your practice recovers lost revenue, boasting an impressive 85% success rate in overturning claim denials. Fortis assists your practice in navigating the intricate process of claim denials, ensuring that you receive the deserved reimbursements by appealing denials and providing supplementary information or evidence to support the claim.

Reversing denied claims not only recoups lost revenue but also enhances the denial management process in healthcare revenue cycle management, making Fortis an invaluable partner in your practice’s financial success.

Reducing AR Days

A crucial aspect of revenue cycle management is minimizing accounts receivable (AR) days, which refers to the amount of time it takes for your practice to receive payment for services rendered. Fortis has a proven track record in reducing AR days by an average of 33 days, helping practices optimize their cash flow and improve patient care.

Fortis effectively minimizes AR days, ensuring your practice receives prompt payments and maintains a robust financial foundation by implementing strategies to streamline the billing process, improve accuracy, and reduce denials.

Streamlining Insurance Processes for Optometry Practices

Insurance processes can be complicated and time-consuming, often detracting from a practice’s ability to focus on patient care. Fortis streamlines insurance processes for optometry practices, managing vision insurance claims and ensuring timely filing and compliance, allowing you to concentrate on what matters most – your patients.

Fortis ensures that your practice receives maximum reimbursements from insurance payers by:

• Simplifying and automating the insurance claims process
• Minimizing paperwork
• Streamlining claims submission
• Guaranteeing accuracy and compliance with insurance regulations.

Vision Insurance Claims

Managing vision insurance claims can be a complex task for optometry practices. Fortis specializes in handling these vision claims, ensuring that your practice receives the maximum reimbursements for services rendered. By accurately submitting and tracking insurance claims, Fortis guarantees accuracy and compliance, minimizing the likelihood of denials and optimizing the claims process for your practice.

Fortis’ expertise in managing vision insurance claims not only maximizes reimbursements but also ensures that your practice remains compliant with insurance regulations, allowing you to focus on providing exceptional patient care while Fortis takes care of your billing needs.

Timely Filing and Compliance

Ensuring timely filing and compliance with insurance regulations is vital for the financial success of your optometry practice. Fortis, led by compliance expert Roger Bach, coordinates all compliance efforts to avoid encounters with law enforcement, auditors, or investigators, ensuring that your practice remains compliant and receives timely payments from insurance payers.

Fortis guarantees:

• Smooth billing processes
• Minimization of the risk of penalties, rejections, and payment delays
• Adherence to the deadlines and regulations set by insurance companies and government agencies for claim submission.

Enhancing Cash Flow and Patient Care

Fortis Medical Billing offers the following benefits:

• Efficient optometric billing solutions
• Timely payments for your practice
• Improved cash flow
• Enhanced patient care and satisfaction

By partnering with Fortis, you can focus on providing quality care to your patients while they handle your billing and insurance processes.

Fortis allows you to concentrate on providing exceptional patient care and growing your practice by providing a comprehensive approach to optimizing your practice’s financial health through management of payment posting, co-pay collection, and Medicaid plan.

Payment Posting and Co-Pay Collection

Efficient payment posting and co-pay collection are essential for maintaining a healthy cash flow in your optometry practice. Fortis accurately posts payments and collects co-pays, ensuring that your practice receives payments promptly and reducing the risk of missed payments.

Fortis enables you to focus on providing exceptional patient care while leaving the financial management in the hands of experts by helping your practice maintain accurate records of payments through the implementation of efficient payment posting and co-pay collection processes.

Medicaid Plan Management

For practices that serve Medicaid patients, managing Medicaid plans can be a complex and time-consuming task. Fortis offers Medicaid plan management services, ensuring compliance with state and federal regulations and maximizing reimbursements for your practice.

Fortis provides the following services to your optometry practice:

• Optimizing reimbursements
• Ensuring the delivery of necessary healthcare services to beneficiaries
• Coordinating and managing contracted arrangements between state Medicaid programs and healthcare providers

By utilizing Fortis, you can enhance the efficiency and effectiveness of your practice.

Summary

Fortis Medical Billing offers a comprehensive solution to the complex world of optometry billing, ensuring accuracy, compliance, and client satisfaction. By providing expert services in claim processing, auditing, risk management, billing consulting, staff replacement, and insurance process streamlining, Fortis helps optometry practices enhance cash flow, improve patient care, and focus on growth. With Fortis as your partner in billing, you can unlock the benefits of optometry billing services and elevate your practice to new heights.

Frequently Asked Questions

What services does Fortis Medical Billing provide for optometry practices?

Fortis Medical Billing provides optometry practices with comprehensive billing services, including efficient claim processing, overturning denials, reducing AR days, managing vision insurance claims and more.

How does Fortis Medical Billing ensure accurate and compliant billing for optometry practices?

Fortis Medical Billing employs specialized and highly qualified consultants to provide eye care billing services, ensuring precise and compliant billing practices that adhere to insurance guidelines and government regulations.

What is the average reduction in AR days achieved by Fortis?

Fortis has achieved an impressive average reduction of 33 days in AR days, improving cash flow and patient care.

How does Fortis streamline insurance processes for optometry practices?

Fortis streamlines insurance processes for optometry practices by managing vision insurance claims, filing in a timely manner and ensuring compliance with regulations, all coordinated by expert Roger Bach. This allows optometry practices to focus on patient care.

What is the success rate of overturning claim denials by Fortis?

Fortis’ claim denial overturn success rate is a remarkable 85%, providing practices with an effective denial management process and improved revenue.