Additional Specialties: family practices, internal medicine, pediatrics, primary care, behavioral health, cardiology, urology, physical therapy, rehabs, gastroenterology, neurology, musculoskeletal, OB/GYN, ophthalmology, osteopathic medicine, pain management, and podiatry.
Your specialty is our specialty. Insurance companies have become more diverse over the years in the services that they will cover. This allows you to provide better care to your patients at a more affordable rate. However, this also means it can be trickier to be accepted into these networks. Traverse Medical Billing can help you get into your desired networks with contracts that benefit you.
Since we have built relationships with various insurance companies and networks. We can negotiate contracts that are beneficial to our clients. This includes negotiating the rates for services provided to patients. It is essential to understand the ins and outs of contracting and credentialing. Overall, it is a full-time job to get the best rates from your desired network.
Acquiring the proper contract is essential when it comes to building a relationship with your desired networks. Starting with a contract that causes you to lose revenue can hurt your company and be challenging to change once it is made. Traverse Medical Billing has the ability to leverage our relationships to the benefit of our clients.
Having the right tools makes all the difference in any job. In today’s world, being a medical billing company that still relies on paper-based processes is like being a carpenter who doesn’t use power tools. Cloud-based practice management software and other medical billing software solutions let you automate routine tasks and basic billing functions, freeing up your employees’ time for focusing on the work that requires a real human touch. It’s important that your PM software can handle both CMS-1500 and UB-04 forms, for professional and institutional billing. This will save time, minimize errors and maximize reimbursements.
Consistent and tracked follow-ups turn delinquent claims into paid claims. It’s well worth assigning a staff member to review accounts and determine which claims are not being paid on time—and why. You might uncover communication issues or repeated billing errors that can be remedied to prevent future issues.
An important part of revenue cycle management is the timely submission of claims, which means quick and accurate CPT coding. Good coding practices help claims to be processed quickly and decrease denials from insurers. This is another area where good PM software plays a major role, as it can assist with code entry and automatically ensure codes have been added correctly. Ensuring everything is accurate before submitting a claim is one of the best ways to mitigate denied claims and improve your revenue cycle.
Data is everything these days, and monitoring KPIs and other important analytics is essential business for medical billing companies. Again, your PM software should make this easy by providing a comprehensive and easy-to-use dashboard for navigating data. You should be able to see things like the time it takes for a claim to be processed, all denied claims and the reasons they were denied, the amount of outstanding claims you have at the moment, and more. The more you understand the data behind your operation, the more effective and efficient you can become.
Imagine an environment where it is simple and quick to confirm a patient’s insurance coverage. Automating Patient Insurance Eligibility Verification is the future; say goodbye to time-consuming, error-prone manual verifications. Join us as we explore all about this revolutionary technology in the healthcare spectrum. Patient Insurance Eligibility Verification Patient insurance eligibility verification is a crucial …
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