Accurate Coding for Maximizing General Physicians’ Revenue
General physician coding according to ICD, CPT, and CMS requirements to ensure claim encashments in the first attempt. Complete RCM from patient eligibility verification to payment posting for increasing reimbursement rate.
Team Marklab knows that due to the high volume of patients, physicians often fail to comply with billing requirements and encounter problems. To prevent such issues, we exclusively help them with efficient practice billing for guaranteed success in the industry. Firstly, we document patients’ demographics, medical history, and insurance plans for appropriate billing.
Secondly, we verify patients’ eligibility to identify covered and uncovered services. Thirdly, we apply codes and modifiers to each of your medical services observing ICD and CPT coding rules. Fourthly, we submit claims after scrubbing to relevant insurance providers for avoiding errors and penalties. Lastly, we post payments to systems and provide regular reports to update you on finances.
Why Choose Us?
Multiple billing companies in U.S. cover physician billing, but not all are reliable. Here is what makes us trustworthy among the competition:
- 25 Years Experience
- Up-to-Date Coding
- 24/7 Services
- 33% Billing Costs
- 20% Revenue Boost
Physician Billing Plan
Physician billing involves multiple challenges like documentation, payers mix, and time constraints. To resolve these, we follow simple steps, i.e.,
- Insurance Verification
- Practice Documentation
- Claim Filling
- Claim Submission
- Payment Posting
Physicians like you often experience delays in billing due to high patient volume. Well, our professionals eliminate the problem while handling the entire process by incorporating advanced technology. They record all your patient and practice data in a secure EHR system for accurate coding application and timely billing & payments.
Frequently Asked Questions
Efficient physician billing is crucial to providing high-quality patient care. However, physicians have certain concerns regarding the billing process. Below we have answered some questions that they frequently ask. Whether you’re practicing as a physician individually or affiliated with a hospital, these will effectively clear your confusions. Let’s have a look:
1) How does Modifier 25 impact physician billing?
Modifier 25 indicates the separately performed evaluation and management service provided on the same day with other medical treatments. Moreover, it gets providers fair reimbursements for all services offered.
2) What is the role of NPI in physician billing?
National Provider Identifier or NPI is a unique identification number assigned to physicians. It helps with the proper identification of providers in the healthcare industry and smooth claims processing.
3) How does risk assessment impact physician billing?
Risk adjustment indicates variations in patient health and complexities in managed care settings. It also helps with proper documentation of patient conditions for guaranteed reimbursements against treatments provided.