In a field where procedures range from heart transplants to minimally invasive surgeries, thoracic surgery practices present unique challenges that need to be handled with caution. Unlike general medical practitioners who use the same codes more often, thoracic surgery billing comes with unusual yet detailed codes where professional use of modifiers proves necessary.
Running a successful thoracic surgery practice involves managing billing effectively in order to maintain healthy cash flow and build not only a profitable practice but a consistent one. Whether you’re new to a thoracic surgery practice or a veteran with a great deal of experience, there are steps and procedures you must follow to keep your medical billings and private insurance running smoothly. Consider Fortis Medical Billing for your medical billing services.
Who Should Handle Your Thoracic Surgery Billing Services?
When it comes to coding and billing duties in a specialized field like thoracic surgery, complex processes and a wide range of procedures can easily overwhelm an entry-level employee. Many physicians often prefer to hire professional services to minimize human errors, improve the quality of services, and boost the flow of resources.
Thoracic surgery, like many specialized practices of medicine, has confusing alternatives and getting everything coded and submitted in compliance with the insurance claim can be a bit of an overload for busy office staff.
With the toughening economy and rising cost of services, proper budgeting and cost estimation is critical to keeping medical services running smoothly. Maintaining a healthy revenue cycle where payments aren’t held up unnecessarily is one of the key duties of a professional medical billing firm. To minimize the cases of claim denials and speed up the submission process, a competent coding and billing team must be at the forefront.
To ensure the best of results and an effective service delivery channel, thoracic surgery billing services should be offered by a company with physicians, auditors, and law specialists who can maneuver comfortably within the restricted fields of medicine.
Why You Need Excellent Medical Billing and Coding
Coordinating thoracic surgery billings takes a good amount of time and effort. Here, expertise alone isn’t enough to accurately sort through all the data. Proper processing and submission, on the other hand, doesn’t necessarily equal a job well done. Every field of medicine that has been isolated comes with loopholes and strange technicalities that can only be surpassed through teamwork.
Data entry errors in the early process, for example, compound as treatments progress. Treatment is often treated as continuous and even one wrong coding at the start could cause a recurring error in the future. This will not only affect significant processes but also the claims to be submitted, and you’ll have to redo the steps to find out the source of errors.
To accurately capture the inventory as far as equipment and supplies are concerned, additional coding is required. Supplies of medical equipment, medications, and specialized monitoring systems must be accurately coded. These details should be transcribed from the physician’s notes with the utmost precision.
Fortis Medical Billing Services for Thoracic Surgery Practices and Practitioners
The process of identifying diagnoses, treatments, medical tests, and procedures found from physician’s notes and specialists’ documentation is a lengthy process that health care professionals often see as a burden. Proper coding is necessary to ensure that accurate data is transferred from one authority to another before billing government and commercial payers for physician reimbursement.
With many years in the industry, we understand our clients’ needs and we seek to integrate all the necessary policies and procedures into patient care and management practices. Billing and coding are necessary for every medical firm, but these processes should run seamlessly in the background. With this in mind, we offer consultancy services that are geared to help our clients’ billing challenges become easy and approachable.
The services offered by a professional billing firm for a thoracic surgery practice can help to reduce your denial rate and speed up the accounts receivable (A/R) collection process. With the right people working for you, the A/R collection time can be decreased as early as the coding stage. To efficiently code the billings, a comprehensive understanding of coding rules and risk management are some of the necessary requirements.
As part of our services, we offer auditing that allows you to see any issues with your current billing company or your internal team.
We also offer audits on your outstanding billings to determine why claims are being denied. With all these audits, we check the progress you are making in your practice to ensure accountability while identifying loopholes in your current billing practices.
To fully manage the movement of revenue in your thoracic surgery practice, an in-depth understanding of your practice’s unique aspects is important. Some randomized revenue cycle management program won’t be as effective as a custom-tailored one. At Fortis Medical Billing, we’ve made it our culture to understand the unique needs of our clients and work at solving their problems in an efficient and more approachable way.
Why Choose Us?
Choosing a medical billing company to take care of your thoracic surgery billing services can be a daunting experience. You’ll know you’re in need of billing and coding services when:
- Your thoracic surgery practice is facing cash flow problems
- Your in-house billing personnel or billing company becomes incompetent
- You fail to have an up-to-date billing compliance program
- Your thoracic surgery practice falls into unforeseen losses
- You have an unacceptably high denial rate or high accounts receivable (A/R)
What’s So Unique About Us?
There are a lot of reasons why we remain unique in the medical coding and billing industry. However, some of our main points are:
- We have a 95% success rate in securing payments for clients’ billings
- We have a consistent client retention rate (99%)
- We are US-based with operations headquartered in Dallas, Texas
- We have a diverse team of highly experienced professionals
- We don’t have setup fees
The billing and coding process is the part of the medical reimbursement cycle that ensures health care providers are accurately and efficiently paid. The increasing demand for physicians with decreasing reimbursement has led to medical practitioners investing in professional medical billers and coders. A clear understanding of the claims process, medical insurance, and the appeal process gives us the necessary knowledge to optimize revenue performance.
Speak with Fortis Medical Billing Professional’s Team of Experts Now
When nothing short of spectacular will do, turn to our thoracic surgery billing services for convenient and timely medical billing and coding. To discuss your needs for your thoracic surgery practice, call (866) 808-4160 or inquire online today.
Dr. Nick Oberheiden is a federal attorney with 20 years experience in healthcare compliance and defending healthcare providers.
Dr. Stephen Taylor has 25 years as a medical billing specialist and consultant in medical, chiropractic, nursing, and physical therapy.
Ms. Beverly Gibson has been a health care consultant for more than 25 years and specializes in medical record auditing, E/M training, and audit risk mitigation.