INTERNAL MEDICINE BILLING SERVICES
Enhancing Revenue and Efficiency with Internal Medicine Billing Solutions & Revenue Cycle Management
An internal medicine billing practice typically serves a diverse range of patients, including those seeking general and family medicine services. Consequently, it experiences a high volume of patients visiting regularly, presenting various medical needs. This diversity often leads to frequent billing and coding challenges. Although the practice may not frequently perform complex procedures, it commonly handles minor treatments, prescriptions, and a wide range of diagnoses that require accurate coding.
Losses due to medical billing and coding errors
The internal medicine billing services and revenue cycle are particularly susceptible to losses stemming from medical billing and coding errors. This is partly due to internal medicine being a specialty with relatively lower reimbursement rates compared to other medical fields. Additionally, insurers often reduce allowable billing amounts for common services provided during general medicine consultations, exacerbating the financial impact of any errors.
Challenges in Medical Billing and Coding for Internal Medicine Practices
While every medical specialty presents its unique set of challenges, we have identified the following as prevalent concerns for internal medicine practices.
Front-office Challenges
Managing the multitude of routine and non-routine activities necessitates additional staff time for scheduling, rescheduling, and annual scheduling.
Government Offerings and Incentives
Given that internists cater to a wide demographic and are frequently the initial contact for patients beginning a diagnosis and treatment regimen, there is a plethora of government incentives and programs that medical offices must be knowledgeable about. Staying abreast of coding updates becomes crucial, yet challenging, for busy office staff.
Seasonal Services
Routine items such as regular vaccines and annual flu shots further increase the workload for office staff and coders.
Internal Medicine Billing and Coding Errors
The intricate nature of the medical coding system, combined with the multitude of internal medicine billing codes managed by an internal medicine office, often overwhelms an in-house medical billing and coding staff. Additionally, ensuring compliance with charting and coding standards, while avoiding unintentional under-coding and up-coding, poses significant challenges
Numerous Patients
Unlike pain management or pulmonology practices, which often have long-term relationships with patients, internal medicine practices encounter a diverse range of patients seeking treatment for various ailments, from food poisoning to sprained wrists. While these cases may require immediate attention, patients may face financial constraints, necessitating additional billing work to arrange payments or facilitate bill collections.
Remote Expert Solution Manages the Entire Internal Medicine Revenue Cycle
A medical practice should prioritize patient care over administrative tasks like billing and dealing with payers. Remote Expert Solution can handle all aspects of these tasks, including scheduling, coding, billing, managing rejections and denials, and, if needed, bill collection.
Our proprietary software has been designed to make coding efficient
Our certified coders, well-versed in the specialization, utilize our proprietary software to streamline the coding process efficiently and mitigate errors. In internal medicine medical billing, managing rejections and denials is often a costly affair for providers, requiring extensive time for resolution, correction, resubmission, and potential follow-up. Remote Expert Solution excels in this aspect, contributing significantly to the financial gains reported by our clients. The recovered amounts and time saved more than offset the nominal percentage we charge for collections.
We prioritize staying current with the latest internal medicine billing guidelines, enabling practitioners to redirect their focus back to medicine without concerns about payers and billing. Take advantage of our free demo today to discover how we can enhance the efficiency of your practice operations.