BC Advantage - 2016 Issue 11

How to Plug the Leaks in Your Cash Flow: Part II

In Part One, we explored the Critical Cash Gaps that can be triggered before and after a claim is filed,  typical mistakes made when your practice has cash-flow problems, and the many problems that plague medical billing, whether done in-house or outsourced. Now, let's examine some common causes of claims rejection: Billing for a procedure not covered. As mentioned in the last chapter, this is an internal problem at the medical office that can be avoided by a staff member verifying coverage with a phone call before the patient arrives for an appointment. Inaccurate coding. This can be...

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