Posted on November 22, 2018 in General
Any type of medical billing and coding is a complex process.
Each of these processes differs depending on the radiology procedure performed, the health insurer, and the patient. Therefore, determining the reason for repeated claim denials and then solving the problem can be a time-consuming process.
In addition, while a staff member is addressing the returned claim, new radiology claims are being neglected. This can lead to a substantial decrease or a lapse in revenue for that period of time.
To address these issues, radiology practices experiencing repeated claim denials are turning to insourced or outsourced billing and coding services, innovative software solutions, and hiring additional radiology billers on a temporary basis.
Besides the frustration that claim denials cause, repeated denials are costly.
For this reason, many radiology practices are choosing to hire radiology billing services to handle all of their billing operations.
Insourced billing and coding keep the billing in-house; whereas, outsourced billing and coding move the practice’s billing operations to another location.
For the sake of customer service, some radiology practices prefer to keep the billers they currently have on staff, which is understandable. These practices typically choose insourced billing.
If you choose insourced billing, an experienced technician will set up Imagine Software in your office and a custom-designed training program will be created for your in-house employees. This customized program will teach your employees how to use the innovative Imagine Software.
If you go with the insourced billing option, once the seamless transition to Imagine Software is complete, your billing employees essentially become employees of your billing company.
So, for the cost of managing your own radiology billing department, you receive improved collections. In addition, you will be able to access comparables of groups across the nation.
Moreover, you know that all of your claims are now being prepared and submitted by newly-trained Imagine Software radiology billing specialists; thus, reducing the likelihood of denials and delays in payment.
Insourced billing services include:
Insourced coding services include:
If you choose to outsource your radiology coding and billing, all of your practice’s billing-related operations are handled at one of the radiology billing companies locations.
By outsourcing your coding and billing, you eliminate the need to hire employees to perform these tasks. When you take all of the costs associated with a single employee into consideration (i.e., annual salary, health insurance benefits, PTO, bonuses, etc.), fewer employees translates into substantially lower employment costs.
Outsourced billing services include:
Coding services include:
With outsourcing, you improve your leverage on statement vendors, enjoy superior service, obtain insight into impactful industry trends that relate to radiology billing, attain better leverage on clearinghouses, as well as larger economies of scale.
Imagine Software is an innovative revenue cycle management (RCM) automation software that is specifically designed for use in radiology billing.
Radiology practices that have experienced billing and coding personnel with excellent billing management skills should consider transitioning to Imagine Software.
Imagine Software offers a variety of options and an authorized reseller can assist you in finding the perfect fit.
Benefits of Imagine Software include:
If you only need assistance for a short time, you may want to hire a supplemental biller.
An additional biller is extremely beneficial if your radiology billers have fallen behind and just cannot seem to catch up. When numerous denials need to be addressed or a biller has been absent for some time, consider temporarily hiring an experienced radiology billing specialist.
A radiology billing specialist can assist with a variety of other tasks including:
Most billing departments can benefit from ongoing radiology billing services, or even just supplemental services from time to time.
Let Dexios help you achieve exceptional billing results.