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How to Manage The Intricate Affair of Genomic Lab Coding and Billing Services

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Genomic lab billing and coding is a highly specialized and complex area of medical billing that deals with the intricate billing and coding process due to the various genomic tests and services. With the advent of personalized medicine and the growing importance of genetic testing in healthcare, today ensuring special attention for genomic lab billing and coding has become an essential component of efficient revenue cycle management for these laboratories.  In fact, here are a few challenges of genomic billing and coding services:   High Complexity of Genomic Tests - The billing and coding process for genomic tests are intrinsically complex due to the vast number of tests available and the ever-evolving nature of this field. Each test has its own specific requirements, codes, as well as billing procedures, making it difficult for billers and even coders to keep track of. Furthermore, staying up-to-date with the latest changes in genomic specialtie

Eliminate Your Urgent Care Billing Headaches

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Two years of high intensity response with the pandemic and the shifting gears that meets patients has changed the way clinics are looking at the future of their business.  Volumes fell and surged with patients expecting more and the staff and urgent care providers learnt they could adapt and can pivot from normal operations.  Now that vaccination needs have leveled out and patient volumes returning back to normalcy, you can adapt to protect the business from receding revenue and inconsistent shifts in patient demands.  If you add new streams of revenue, you will attract new patients with a likelihood that the patients who suffered from the pandemic will return for other on demand services.  However, to focus on your patients better, you need to find someone that can offer the required assistance. A reliable urgent care billing partner can define your reimbursements in best proportions.  What is inspiring about Sunknowledge If you are looking for a serious vendor that can extend lucrati

How to Optimize Your Urgent Care Billing Performance

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It is true that patient volumes continue to be high for the urgent care centers. Most of the clinics are finding it difficult to meet patient demands with employees facing burn out issues as they are understaffed. Health related issues with this pandemic are one of the major reasons for shortage of staffs.  Work/Life balance is now a priority and on top of everyone minds. While urgent care centers are still providing a better balance for any emergency center or a hospital, it still cannot compete with any other industry as there are no weekends. In fact, the major backlogs have started happening during the weekends as providers remain hugely understaffed.  The need of the hour for any urgent care center is to explore possibilities on how they can focus on their patients, handle what they do best while someone else can handle their billing priorities. A quality urgent care billing company knows how to offer customized support with trust and excellence. The Sunknowledge assurance in urge

How to Maintain Synergy in Your DME Billing Efforts?

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The market for Durable Medical Equipment is now valued at more than USD 5.9 billion and is predicted to increase at a compound annual growth rate (CAGR) of 6.0 percent during the forecast period. The demand for the DME billing industry nowadays has largely led to the factors such as:  An elderly population is on the rise.  There has been a significant increase in the number of persons suffering from sleep apnea and respiratory ailments.  Injuries, particularly those resulting from sports injuries, etc . There is a clear divergence in the billing procedure for DME treatments and other therapeutic services. Some of the most serious challenges that any DME service faces are those that are not covered by Medicare, Medicaid, or any commercial health insurance plan.  While physicians have the prerogative of prescription DMEs as a crucial component of therapy, they must provide a severe cause for doing so, as well as proper verification of the same with a medical need. Many people tend to fi

How to Avoid Top 4 Hospital Accounts Receivable Problems?

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The value of Hospital Accounts Receivable is a high-risk field. It is extremely sophisticated, and because it is based on assumptions and estimation, it is prone to errors and fraud. But that's only the beginning. Hospital Accounts Receivable is compounded further by frequent regulatory changes, ever-changing payment methods, increased usage of high-deductible health plans (HDHPs), and the addition of vast pools of formerly uninsured persons driven into health plans by the Affordable Care Act (ACA). To make matters more difficult, collection varies by patient and plan, and collection timeframes might range from days to years. As a result, many present Hospital Accounts Receivable valuation methodologies are not adjusting effectively, and businesses must figure out how to evaluate and calculate impacts, as well as make modifications to account for them. Many established Hospital Accounts Receivable rules and procedures aren't changing properly, and organizations have to deal wi

How to Optimize Radiology Billing for Maximum Output?

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The primary goal of a well-managed radiology billing operation is to submit claims for services on time and in the correct format for getting timely compensation. The services that require pre-approval from the ordering physician are: • CT (computerized axial tomography)  • MRI (magnetic resonance imaging)  • MRA (magnetic resonance angiography)  • PET (positron emission tomography) • Cardiac nuclear medicine investigations (nuclear heart stress test) In the majority of cases, extremely time-sensitive treatments must be accomplished within a specific time range in order to initiate a treatment plan. As a result, prior authorization is critical for reducing wait duration in availing radiography services.  Your patients should not be kept waiting for too long as this will result in out-of-pocket charges. Delays can be avoided with professional assistance, which shortens the approval process. However, some errors are difficult to avoid because they result from a lack of skill, time, or k

5 Ideas for Reducing DME Prior Authorization Response Time

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Hearing the term DME prior authorization can send shivers down the spines of physicians and healthcare professionals. If we looked up the term "prior authorization" in a dictionary, the word "burden" would appear right next to it. DME Prior authorizations have been in place for decades, but nothing has been done to alleviate the load on doctors. According to a 2019 poll performed by the Medical Group Management Association (MGMA), 90% of responders noticed an increase in DME PA requests over the previous year. It's no wonder that DME prior authorizations are a tax on clinical resources, according to those same respondents. Large healthcare systems around the country are working to improve their DME PA processes, which will result in considerably speedier DME prior authorizations for customers. To improve the DME prior authorization process, much of the effort is being put into documenting existing processes and applying best practices within the existing workflo