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Maximizing Pain Management Practitioners’ Profits with Updated Coding
Accurate pain management coding to help providers minimize denial rates and maximize reimbursements. Quick submission of all practice claims to concerned payers for ensuring fair accounts receivables timely.
Marklab’s billing team is fully aware of time-consuming pain management treatments that make billing a real-time challenge. Considering it, they offer exclusive services like practice credentialing, documentation, coding, and more to ensure proper billing of medical services. Our specialists pay keen attention to details for correct modifier application and guaranteed fair pay.
Moreover, we have RCM experts who oversee your practice revenue cycle completely. The team first verifies the patients’ insurance eligibility to claim for covered services only. They fill each claim adhering to ICD-10 and CPT requirements to assure claim clearance on the first attempt. In case of uncovered services, they follow up with patients for account receivables to streamline revenue.
Why Choose Us?
There are multiple pain management billers in the healthcare industry, but our staff stands out. Here is what makes us different:
- 24/7 Services
- 98% First-go Clearence
- 20% Revenue Boost
- 1/3 Billing Cost
- Regular Audits & Reporting
Pain Management Billing Plan
The long treatment sessions often complicate pain management billing. However, our experts simplify it following simple steps, i.e.,
- Data Collection
- Electronic Documentation
- Coding Application
- Two Layer QA
- Billing and Collection
Knowing that pain management treatments incorporate long treatments, we record all details electronically for accuracy. All our systems are up-to-date and secured to maintain compliance with HIPAA standards. Further, our billing team sticks to the “need to know” principle for billing practices to ensure the ultimate security of sensitive data.
Frequently Asked Questions
Efficient pain management billing is crucial to providing high-quality pain relief services. However, providers have their concerns regarding the billing process. Below we have answered some questions that they frequently ask. Whether you’re practicing as a pain management specialist individually or in a hospital, these will clear your confusions. Let’s have a look:
Yes, pain management billing differs from regular billing because of the various medical services involved. Each has its specific codes, and correct application of those is vital to fair pay.
Your pain management practice is directly associated with patients’ insurance coverage. If you do not verify what treatment patients’ insurance covers, you will end up on bad debt and financial loss.
Some recurring pain management billing challenges that can trigger you are accurate coding, dealing with insurance companies, managing patient inquiries, and staying updated with revisions in coding requirements.
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