Worried about your Revenue Cycle Management?
Want to reduce your expenses, increase your collection, and improve the productivity of your medical practice? NEO MD billing is the right choice. Our team of experts will help increase your efficiency by taking control of complicated RCM matters and will help improve your bottom line.
NEO MD is one of the largest RCM companies in US. We are specialized in providing the best Medical Billing Services for small practices, mid level and the larger ones. Get the maximum outcome with our best practices in medical billing and enjoy the appended:
Greater Financial Stability.
Grow your Practice with NEO MD Billing.
NEO MD Revenue Cycle Management Process in Medical Billing takes care of the financial cycle management of the practice that streamlines the core medical billing processes, guarantees sturdy collections and provides financial stability and transparency.
NEO MD Medical Billing Services:
Our billing services ensure compliance of over 98.3% of claims within a 24-hour time span of receipt.
Timely Claim Submission
NEO interpret and submit the claims to the insurance carrier within 48-hours after acquiring the patient encounter forms.
Our medical billing expert record all the patients’ benefits and insurance payments in order to maintain accurate accounts receivable.
NEO strives to ensure that your 60-day remaining accounts receivable to below 20%, and 120-day accounts payable to below 10%. NEO follow-up with each insurance firm based on its particular payment plans.
Reporting & Testimonials
We keep you in the loop regardless of the complexities of the process. Each of our clients is assigned an account manager to handle your billing tasks. Our clients are well aware of their billing status through prompt reports.
Claim Scrubbing/ Re-submitting
Our billing service specialist scrubs/refine the claims to ascertain that all the relevant data needed for successful interpreting is included. If claims have to be re-filed, we will resubmit them again by not increasing any cost to the client.
Why Outsource Medical Billing Services to NEO MD INC
NEO MD hires a well-qualified billing expert staff that can handle any specialty billing with significant accuracy and efficiency. The company has rendered its services in more than 27 states and has more than 150 successful clients. Outsource your medical billing services to a team that works meticulously with providers to drop the stress of the billing process and boost up the revenue collections ratio.
Key Performance Indicators
With the changing dynamics in Healthcare Industry, from robust improvements in medical regulations to varied technological solutions, NEO MD is competently enhancing their work force expertise and capabilities to stand prominent and distinctive in the market.
NEO MD Medical Billing Metrics or Key Performance Indicators (KPIs) assist the practices to analyze and determine their revenue cycle and gives insights to increase the collections and enhance the overall productivity.
What is Revenue Cycle Management in Medical Billing?
Revenue cycle management is the financial process used by healthcare institutions to track patient care events from registration and appointment scheduling through final payment of a balance using medical billing software.
What is Revenue Cycle Management Process?
Revenue cycle management software encompasses more than just billing procedures, while billing is central to it. An RCM system assists you with many elements of managing your practice’s finances. Billing, coding, collections, compliance, and data analytics are all included.
How to get Authorization in Medical Billing?
Authorization in medical billing (prior or retro) may be obtained in a number of ways, including but not limited to electronically (by submitting a specific form) or over the phone (over the call). CPTs and ICDs are required items that must be authorized.
Electronically: – While submitting the medical billing authorization form electronically, all insurance guidelines are considered i.e. (filling all mandatory columns/boxes),
Telephonically: – Through call authorization, only mandatory information is communicated to insurance.
How to bill a claim under NP (Nurse Practitioner)?
NP (Nurse Practitioner) claims may be submitted through many ways out of which 02 are listed below”-
[A] By adding Nurse Practitioner information in box number 24-j and NP signature in BOX 31 of CMS-1500 and refereeing provider information in BOX 17.
(Referring provider is a supervisor physician under whom supervision NP is providing services).
[B] By adding Supervisor physician information in box number 24-j and Supervisor physician signature in BOX 31 of CMS-1500. Medical Records signed by NP and countersigned by Supervisor physician.
How to find out provider Enrolment?
There are two ways to confirm provider enrolment,
Following guidelines to be Followed;
· Visit the insurance website for which we want to confirm provider enrolment status
· Go with finding a provider option
· Select speciality (Medical, Dental, Mental, etc. if required)
· Then select area location by adding City, state, or zip code
· Write down the name or facility for which you want to confirm enrollment status
If the name pop-up, then Provider enrolment is completed otherwise,
Call insurance and confirm from the claim department/enrolment department, whether the provider/facility is enrolled or not.
What is Revenue Cycle Management in Medical Billing?
Revenue cycle management in medical billing is the financial process healthcare institutions use to track patient care events from registration and appointment scheduling through final payment of a balance using medical billing software.
What is Cardiology Medical Billing?
Cardiology Medical Billing is similar to many other medical billing systems. However, it is a little more complicated for physicians and billing service providers.
The system works as follows: The patient arrives for treatments, and following pre-authorization by a staff member, the patient receives treatment and pays charges for services. If he is insured, his insurance company is responsible for paying for the treatment.
What is Cardiology coding?
Cardiology Coding nowadays comprises parts of Interventional Radiology, Endovascular surgeries, Electrophysiology, an array of diagnostic tests, and E&M services. Each one comes with its own set of complicated and confusing rules. Expert Coders will make sure to use the correct documentation and coding in order to improve the billing process and also to help with reimbursements.
Many cardiac healthcare practitioners and organizations experience several denials due to Cardiology Medical Billing and coding issues. Consequently, practicing Cardiologists should be aware of Cardiology Medical Billing procedures.
Why is it Important to Know About the Cardiovascular System When Billing and Coding?
It enables you to identify communication gaps between physicians, nurses, billers, and Coders. Any mistakes in a healthcare practice’s processes and procedures might result in denied claims and delayed reimbursements.
What is the Difference Between a Cardiologist and a Cardiovascular Doctor?
A cardiologist may do heart catheterizations, angioplasty, pacemaker insertion, and other procedures, as well as a range of tests. A cardiologist is part of the broader field of cardiovascular specialists. There are many various kinds of cardiovascular specialists, and a cardiologist is one of them.
What is Urology Medical Billing?
Urology Medical Billing is the mechanism through which clinicians bill insurance companies for services delivered to patients. Medical billing and coding specialists provide predefined codes for various procedures. Due to the nature of its codes and terminologies, billing for Urology services can be more complicated than other specialties.
Is Urology Coding Hard?
Well-trained Urology Coders are rare as well as costly to recruit, and their continuing training could be very expensive. Very few certified Coders have vast experience and expertise in Urology coding. And NEO MD is a leading medical billing provider that possesses the CPC-certified Coders.
How Do I Code a Urologist?
The appropriate codes for most Urology Medical Billing procedures may be found under CPT® codes 50010 through 55899 in the urinary and male genital sections. On the other hand, some urologists’ procedures are included in different sections. Ultrasound services, for example, are categorized in the CPT® code 76xxx series.)
What is the CPT Code for Urology Office Visits?
99202 Evaluation and management of a new patient in an office or other outpatient setting that needs a medically adequate history and/or examination and straightforward medical decision making.
What is Dermatology Medical Billing?
Dermatology Medical Billing, which has long been a complex issue, is one of our areas of expertise. Dermatology needs detailed reporting on skin lesions, including their number, size, and specific location, as well as information on operations such as excision, biopsy, and lesion elimination.
Dermatology therapies are highly expensive. Patients can take out insurance to cover these costs. Based on claims submitted, the insurance company pays the Dermatology practice.
What does a Dermatologist do?
Dermatologists diagnose skin issues ranging from minor (e.g., sunburn) to severe (e.g., cancer) (e.g., skin cancer). They perform screenings and skin examinations, as well as a review of the patient’s medical history to identify the best course of action.
What is an EP Modifier?
The modifier EP indicates regular Healthy Kids/EPSDT screening. Modifiers can only be added to HCPCS/CPT codes if the clinical circumstances permit them. If the clinical conditions do not support the use of a modifier, it should not be added to an HCPCS/CPT code only to avoid NCCI modifications.
When to use 59 or 51 Modifiers?
Modifier 51 indicates the payment amount, whereas modifier 59 determines whether or not the service will be paid at all. Modifier 59 is commonly used to override NCCI Edits (National Correct Coding Initiative).
What is Oncology Medical Billing?
Oncology Billing is a complex and time-consuming procedure that includes comprehensive treatment strategies to prevent and cure cancer. This is why the Oncology Medical Billing procedure demands thorough medical records and timely monitoring with insurance companies in order to receive reimbursement.
What does an Oncology Coder do?
The first E&M visit for radiation Oncology services can be coded as initial hospital care E&M CPT codes 99221-99223, office/outpatient E&M CPT codes 99201-99215, subsequent hospital care E&M CPT codes 99231-99233, or observation/inpatient hospital care with same-day admission and discharge E&M CPT codes 99234.
What is CPT G6002?
Radiation Therapy Services includes HCPCS code G6002 for Stereoscopic X-ray guidance for localization of target volume for the delivery of radiation therapy, as maintained by CMS.
What is Procedure Code 77295?
CPT® Code 77295 – Medical Radiation Dosimetry, Physics, Treatment Devices, and Special Services for Radiation Treatment – Codify by AAPC.
What is the CPT code for Chemotherapy?
CPT® Codes 96401-96549 are for Chemotherapy Administration and Other Highly Complex Drug or Highly Complex Biologic Agent Administration.
Why Outsourcing 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.
As healthcare reforms suggest an unstable future, many physicians are investigating the benefits of outsourcing the Oncology Medical Billing company.
NEOMD provides Best Medical Billing Services in Wyoming
If you’re looking for a reliable, cost-effective, and reliable medical billing services Wyoming, you’ve come to the right place. NEO MD provides Medical Billing services in Wyoming, and we’re proud to offer you, our services. You can count on us for quality billing services around the clock. We understand the intricacies of Internal Medicine billing, and our experts use proven revenue-based strategies to reduce denials and increase profits.
What is OBGYN Billing?
The OBGYN Medical Billing system allows clinicians to bill insurance companies for services rendered to patients. Medical billing and coding specialists are responsible for providing predefined codes for various procedures.
For More Information:
Chronic Care Management
HRSA April 4th, 2022 Update
Urology Medical Billing – An Ultimate Guide
A Short Glimpse to understand Dermatology Medical Billing and Coding
Cardiology Medical Billing; A step by step Guide to Uncover Loophole in Cardiology Practices
Oncology Medical Billing: An Explicit overview of Billing and Coding Guidelines
How Could Dermatology Medical Billing Company Help a Dermatologist to generate optimistic Dermatology RCM?
Top 6 Tips for Efficient Cardiology Medical Billing To achieve Productive RCM
NEO MD – Medical Billing Services Wyoming, An Ultimate Solution
Urology Medical Billing: Key Motivations for practices to Outsourcing Urology Billing
OBGYN Medical Billing; A Thorough Guidelines for 2022 Coding
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