Orthopedic Medical Billing Services
Optimize your orthopedic medical billing by leveraging NEO MD’s experts and processes to achieve your desired revenue goals.
An orthopedic practice’s financial stability is directly related to the efficient submission of its claims along with getting timely and accurate reimbursements. The process of orthopedic medical billing involves several complexities, even though it may appear to be a simple procedure. The extensive range of surgical and non-surgical procedures and treatments that orthopedic physicians deliver payer-specific regulations and guidelines and complex billing codes are the leading causes of this task’s complexity. To ensure that claims are correctly processed, orthopedic billing experts must thoroughly understand the services offered by the providers. This is regrettably not always the case.
Novice In-House Orthopedic Billing Repercussions on Practices
Compared to other specialties, Orthopedic Billing is complex and requires a thorough understanding of providers’ services. Nearly 35% of Orthopedic Surgery claims are incorrect, while 25% of those medical claims are denied. Such high denial rates may impair patient care and revenue while forcing your Orthopedic practice into collapse.
Although assembling an in-house billing team and giving them the necessary training might help you avoid paying hefty fines and penalties, the orthopedic billing process is too complex for an internal staff to manage. You may save employee stress and increase reimbursement by outsourcing your billing and coding needs to a technologically advanced billing company like NEO MD.
NEO MD’s Response to Orthopedic Medical Billing and Coding Inefficiencies
As a medical billing company with more than 15 years of experience, NEO MD is well versed in medical billing. Our certified coders and professional orthopedic billing experts understand the complexities and nuances involved in the sector of medical coding and billing.
We embrace the opportunity to go above and beyond for your facility by lowering claim denials, enhancing your revenue possibilities, and boosting your cash flow, even though our successful track record speaks for itself. We provide thorough orthopedic medical billing services and simplified procedures to assist you in spending less time and money on administrative tasks and more time on delivering excellent patient care.
Orthopedic Billing & Coding Service
Since orthopedics is a naturally diverse practice area, it can be challenging to accurately categorize conditions and treatments for medical billing. The practice handles all musculoskeletal-related disorders, orthopedic surgeries, and healthcare services (i.e., bones, joints, tendons, ligaments, etc.). In orthopedics, a variety of billing difficulties can cause claim delays and denials, including:
- Incomplete entry of patient demographics
- Authorization errors
- Uncertainty around insurance preferences and deadlines
- Other mistakes that hurt cash flow and revenue collection
Benefits
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The advantage of partnering with us is that we are a one-stop shop medical billing company that performs the following:
- Revenue Cycle Management: We gather all patient data to process insurance claims and calculate copays and unpaid bill balances.
- Follow-up services for collecting accounts receivable
- Leverage real-time performance analytics
- Find and plug revenue leaks
- Services for clinical documentation to raise the standard of EMRs and other documents
- Our billing team assists you in enrolling and receiving credentialing for essential services like Medicare, Medicaid, CAQH registration, and EFT/ERA enrollment.
- CPC, CPMSM, and CPCS certified
- MACRA and MIPS reporting
One of our staff members will respond to your Query within 24 Hours.
For immediate response, give us a call at (929) 502-3636
Orthopedic Medical Billing Process Flow, We Follow
We’ve given a full breakdown of the procedure in order to provide the finest Orthopedic Billing services. Give us a chance to guide you through the particular procedure flow we employ for Orthopedic Medical Billing services.
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- Execution of the Service Agreement
- Project Allocation
- Secure Channel for Client Data Transfer
- The Billing Services
- Quality Assurance
- Denial Management
- AR Management
- Submission of Final Claims
Orthopedic Sub-Specialty Experience
Our expertise in Orthopedics Billing includes but is not limited to:
- Arthroplasty
- Bone Health Center
- Chiropractic
- Foot and Ankle Surgery
- General Orthopedics
- Hand Surgery
- Hip and Knee Surgery
- Joint Replacement
- Kinesiology
- Occupational Therapy
- Orthopedic Oncology
- Orthopedic Trauma
- Osseointegration Clinic
- Pediatric Orthopedics
- Physical Therapy
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- Physiotherapy
- Podiatry
- Shoulder and Elbow Surgery
- Spine Surgery
- Sports Medicine
- Trauma Surgery
Orthopedic Billing & Coding Service
Maximized and sustained revenue is critical for any practice to be fruitful and grow. NEO MD has optimized accounts receivable management to ensure you have this ability for success.
- Preventative denial analysis to reduce future denial rate
- Industry-leading appeal success rate
- Optimized systems lead to an overall revenue increase
- 45% reduction in days from the date of the bill to reimbursement for Workers Comp
- Significant spike in consistent DME reimbursement