TechStar MDs effectively manage denials, reduce revenue leakage, and optimize your revenue cycle by tracking the denials and categorize them based on common reasons such as coding errors, missing documentation, eligibility issues, or timely filing. We ensure that all necessary documentation is complete, accurate, and supports the medical necessity of the services rendered by verifying that the diagnosis codes, procedure codes, and modifiers used are appropriately linked and meet payer requirements to reduce the risk of denials. We review the coding process to identify any potential errors or incorrect code assignments and perform regular audits to ensure compliance with coding guidelines, accuracy in code selection, and appropriate use of modifiers to avoid denials. We have experts who stay up-to-date regarding appeal guidelines provided by each payer and ensure that appeals are submitted within the specified timeframe and provide additional supporting documentation and a clear explanation of why the denial should be overturned. Moreover, we regularly review the ERA received from insurance payers to identify denials quickly and to take timely action and correct any issues. We keep track of denial rates, denial resolution turnaround times, and overall revenue impact and monitor KPIs regularly to identify areas that require attention.
Why choose TechStar MDs?
TechStar MDs specializes in billing and revenue cycle management. We have dedicated teams of experienced professionals who are knowledgeable about the complex coding, billing, and reimbursement processes. Their expertise ensures accurate and efficient claim submission, reducing the risk of errors and claim denials. We have streamlined processes, advanced technology, and economies of scale to handle billing tasks efficiently.
By outsourcing TechStar MDs, you can focus on your core competencies, such as patient care and practice management. Medical billing can be time-consuming and requires continuous training and staying updated with changing regulations. Offloading these tasks to us allows you to dedicate more time and resources to delivering quality healthcare services. We have processes in place to streamline the claims submission and payment collection process. We ensure that claims are submitted promptly and accurately, leading to faster reimbursement. Our timely and efficient billing processes can significantly improve your cash flow. We always stay updated with the latest healthcare regulations, coding guidelines, and billing requirements. And ensure compliance with regulatory changes, reducing the risk of billing errors or non-compliance. This can help you avoid penalties, audits, and potential legal issues.
We adapt to your changing needs. Whether a practice is expanding, downsizing, or dealing with seasonal fluctuations, we can scale our services accordingly. This flexibility allows you to receive the necessary billing support without the challenges of staffing and resource management. Moreover, we provide regular reports and performance metrics, offering insights into the financial health of a practice. We generate customized reports that analyze key performance indicators, reimbursement trends, and claim denials. This data can help you make informed decisions and optimize your revenue cycle management.
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