Why It Makes Sense to Outsource Oncology Medical Billing
Not only is oncology one of the most rapidly developing fields of medicine, it is also among the most far-reaching, with patients of all ages and types, and practitioners in many different settings. All these factors combine to make oncology medical billing among the most complex of all the different specializations. The codes for medical billing are updated annually, but there are also changes to regulations, government program rules and insurer requirements that may happen all through the year. Failing to incorporate each payer’s demands and the latest codes into each claim will result in non- payment—and in this economy, no one can afford to not get paid for the services they provide. On the other hand, trying to stay on top of all the changes can take so much time and attention that it is impossible to focus on patients and providing the care they need. Outsourcing oncology revenue cycle management has become a popular solution that increases revenue while allowing medical professionals to get back to focusing on patient care.
Oncology Billing Services Take the Pressure Off Physicians
By its very nature, oncology is one of the more stressful fields of medicine. The seriousness of the conditions being treated means that physicians are frequently dealing with life-threatening diseases and complex treatments. That means anything that can be done to relieve job stress should be done. On top of all that, rapidly changing treatment technologies mean extra work keeping up with codes, submitting claims and negotiating reimbursement rates. These are some of the things effective oncology medical billing services can take care of for you. The staff on The sure ways solutions’s oncology billing team know how to effectively respond to denials and rejections, so that no unpaid claims are abandoned. Our billing and coding procedures have been streamlined to ensure efficient processing and our staff receive ongoing training to make sure errors are not repeated. Our RCM specialists will even handle any required annual payer adjustments and payback.
Why You Should Outsource Oncology Billing to Specialists
There are many reasons oncology billing and coding is so complicated, starting with the fact that the coding system in general is complex. There’s just no way around it, you have to work with the codes, and since they change, there is no way to become an expert at billing for oncology without constantly dedicating time to it.
Get Full Appropriate Compensation
In order to get the full appropriate compensation, claims must be submitted without errors, but must also include all the necessary details, which may not be written out, but must be included in the form of numerical modifiers defined within the medical billing codes. When claims for surgeries are in the tens of thousands of dollars, it is certainly not feasible to have reimbursements delayed by a month or more while these details are ironed out. By outsourcing to professional oncology billing services, providers can get claims submitted faster with far fewer errors and issues that cause rejections and denials.
We Track Every Single Claim
Another reason to outsource your oncology billing services to The sure ways solutions is that in addition to a team of our experienced medical billers being assigned to your account, we will also appoint an account manager so that there will always be someone who is familiar with your business and who knows the status of all your claims. Millions of dollars are lost by medical practices every year simply because rejected and denied claims are dropped. The sure ways solutions’s account managers track every claim and make sure to follow up on anything that is unpaid, regardless of whether it is for a large amount or a small one.
The sure ways solutions is an industry leader and trusted name in medical accounts receivable collections because we know how to get results. Our mastery of complex medical coding and AR management services sets us apart. But it’s our breadth of knowledge that allows us to shine. Our medical billing company successfully serves healthcare facilities of all types and sizes, and we specialize in medical billing for physicians, laboratories, radiology & imaging centers, and hospitals. We know it’s difficult to remain entirely focused on patient care when you’re worried about your bottom line. If you’re spending valuable time and energy trying to diagnose finances, then perhaps it’s time to enlist the aid of a professional medical billing company like The sure ways solutions.