When you own a medical practice, you rely on insurance reimbursements. This includes reimbursement for your patients on Medicare. But, Medicare reimbursements can be difficult to process. It's not uncommon for Medicare to deny reimbursement. Unfortunately, reimbursement delays can cause serious hardship for your practice. That's where a Medicare reimbursement service comes into the picture. A Medicare reimbursement service can help speed up the payment process. If you're not sure you need this type of service read the list provided below. You'll find four reasons to hire a medicare reimbursement service.
Ensure Proper Classification
When it comes to submitting Medicare reimbursement forms, it's important that you provide the right classifications. This is especially important with regards to geriatric visits. There are two types of classification categories for geriatric patients.
The first is the new patient wellness visit. The second is the standard office visit. If you use the wrong classification, your reimbursement forms can get sent back to the office. A Medicare reimbursement service will help you avoid mistakes with the classification categories.
Understand the Billing Process
If you're not getting reimbursed for your Medicare patients, now's the time to look at your billing process. When you bill for Medicare services, there are three elements that Medicare looks at. Those elements include a physical exam, the patient history, and the medical care provided.
When billing for new patients, you need to include all three elements. But, when you're billing for an existing patient, you only need to include two of the elements. If you miss these elements, it's time to hire a Medicare reimbursement service. They'll make sure you're meeting those elements. That way, you can avoid issues with reimbursement.
Avoid Mistakes With Paperwork
Does your paperwork keep getting sent back for errors? If so, a Medicare reimbursement service can help. It's not uncommon for Medicare to deny reimbursement when there are errors on the paperwork. Unfortunately, it's not always easy to catch the errors, especially in a busy medical practice.
That's why you need to hire a Medicare reimbursement service. They have the time to go over your documentation. They'll catch the errors before you submit the paperwork. That way, you can avoid costly delays.
Document Preventative Services
Do you provide preventative services? If you do, it's time to hire a Medicare reimbursement service. If you want to get reimbursed for Medicare services, you need to show the right categories. Those categories include the length of visit, correct medical terminology, and current diagnosis. Your Medicare reimbursement service will make sure those categories are included in your requests for reimbursement.
For more information on Medicare reimbursement services, contact a company near you.
