Oncology Medical Billing Services
Our Oncology Medical Billing Services are committed to ascertaining;
Reduce denials | Boost Collection | Healthy Revenue Cycle Management
“Your expertise in oncology is vital for patients; Ours is Critical for Your Bottom Line.”
Oncology is a complicated and lengthy procedure that involves extensive treatment plans that combat and eliminate cancer. Therefore, the Oncology Medical Billing procedure requires meticulous medical documentation of treatment and immediate contact with insurance companies to reimburse. A precise medical billing and Coding after each phase of therapy ensure that your Oncology practice gets reimbursed appropriately. Apart from procedural intricacy, Oncology Medical Billing is subject to many modifications and restrictions. Furthermore, payers have a limited understanding of existing technology, which results in reduced reimbursements in practice due to a lack of knowledge of the process. Secondly, there are no reimbursement rules in place.
Why Outsourcing Oncology Medical Billing Is Important?
Outsourcing medical billing to a third party considerably reduces medical billing discrepancies, which speeds up reimbursement and payment processing. This improves efficiency and increases revenue generation. Additionally, a flawless processing system attracts more clients used to the pace of today’s digitalized atmosphere.
Applying Best Practices for Oncology Medical Billing
Medical Billing Services for Oncologists
We offer oncology practitioners comprehensive coding, billing, and collection management services.
- Effective Claim processing
- Improved revenue collection with certified coders from AAPC or AHIMA. They are well aware of the oncology terminology and guideline.
- Account Receivables Management for a flourishing revenue system.
- Maintaining transparency throughout the cycle.
- Codes are updated quarterly according to the Hematology specialty to avoid claim denials.
- Quality control assessments
- Practice management reports prepared by experts.
- Meetings discuss progress and reports.
- Keeping the flow of follow-up is impossible for medical staff as they are busy maintaining other important Oncology reports and documents.
LET US HANDLE YOUR MEDICAL BILLING & BE FREE TO FOCUS ON THE HEALING.
This Is How NEO MD Processes Your Oncology Claims
- Superbills/health records are collected from the provider’s office and meticulously scrutinized and analyzed to verify that proper billing procedures are followed.
- Verify demographics and investigate insurance benefits.
- Chart abstractions are done by CPCs (Certified Professional Coders). Medical and diagnostic reports are used to assign CPT codes and modifiers.
- The charge-entry department receives the coded claims.
- Claim audits are performed to check that completed claims follow Medicare, Medi-Cal, OSHA, and HIPAA rules.
- Claims are transmitted to clearinghouses.
- Claims are forwarded to insurance companies in a clean condition.
- Monitoring of payment adjudication is performed.
- We deposit payments into our client’s accounts. EMR/EHR/Excel
- Our AR follow-up service follows up on outstanding medical claims.
- Rejected claims are corrected and resubmitted by the denial management department.
How can NEO MD help you to Revamp your Trembling Oncology Practice?
When you outsource NEO MD to handle your Oncology Billing and Coding, you have access to various resources. Providing HIPAA-compliant Oncology Medical Billing services and utilizing front-line tools and technologies are just a few reasons to choose us as your medical billing and coding partner. We take pride in our services within the area of Oncology by maximizing the return on claims and minimizing the chance of errors. Specialized Software, Billing experts, Coders, and Certified Specialists generate more significant revenues when compared to the market.
Our professionals are accessible 24/7 to answer your queries and provide prompt Oncology Billing. We offer both inexpensive and personalized billing and coding services.
What Makes Us the Best Medical Billing Company?
NEOMD stood best among competitors due to the following cores;
- First level of Claim acceptance rate 95-98%
- Successfully opening Insurance Panels for Providers
- Provide fortnightly financial and practice overviews
- Our experts work hard to reduce your front-end denials by 20%.
- Improve RCM system efficiency with a robust credentialing team.
- Refunds adjustment and Payment posting to improve the cash flow.
- Offer internal audits to uncover loopholes.
- Provide fortnightly financial and practice overviews.
- Offer Services that are easily scalable at all times.
- Out of Network Negotiations.
- Provide Oncology Billing and collection services that are of high quality and error-free.
- Use the latest technology and tools.
- Increase the accuracy of fees and collection.
- Offer internal audits to uncover loopholes.
SCHEDULE A DEMO
