Overview of Telemedicine Billing Solutions
Telehealth is also called telemedicine in instances. Telemedicine is an innovation in the healthcare industry that allows remote delivery of healthcare services to patients. Telemedicine comes with a lot of benefits the most important one being the availability of healthcare services at any distant location. Telemedicine comes with its limitations but its use has expanded greatly, especially after the COVID-19 pandemic. Telemedicine billing services are present to maximize revenues and patient care.
Telemedicine comes with its limitations, but healthcare providers believe that the benefits of telemedicine, such as enhanced patient satisfaction and expanded access to care, exceed the downsides. Hence at MediBill MD with our expertise, we aim to make telemedicine billing more straightforward for healthcare providers.
Telemedicine has been part of the healthcare industry for a long time but its use has seen a spike after the inception of the COVID-19 pandemic, extensive use of mobiles, raised chronic diseases management, and expansion of telehealth benefits. The American Medical Association's (AMA) recent statistics about telehealth show that:
- Approximately 85% of doctors claim to be using telemedicine at the moment.
- 75% of participants stated that telehealth aided them in delivering high-caliber medical treatment.
- Over 70% of those surveyed expressed a desire to increase their telehealth usage.
Telemedicine billings can be confusing due to the unlimited paperwork and hassles. Hence it is easier to outsource billing services that make the work easier. Telemedicine is the need of the hour with the current digitalization. Some of its advantages are:
- Convenience
- Accessibility
- Reduced costs of healthcare
- Uninterrupted care
- Efficiency
- Higher-quality medical results
Outsource Telemedicine Billing Services
Billing services of telemedicine are important because they make sure that healthcare providers get reimbursed for the services they have provided. These services take care of the difficult task of submitting claims and billing for remote medical visits. The following are the benefits of employing telemedicine billing services:
Telemedicine billing services possess a thorough understanding of the complexities of telemedicine reimbursement regulations, enabling medical professionals to get paid as much as possible for virtual visits.
Healthcare personnel's administrative burden is decreased when telemedicine billing is outsourced. Healthcare personnel can concentrate on patient care by using billing services, which take care of coding, claims processing, and other billing-related duties.
By guaranteeing that the right codes are applied for telemedicine services, billing services lower the possibility of denials brought on by coding mistakes.
Outsourced telemedicine services fasten the process of claims submission which in turn leads to faster reimbursements.
Telemedicine billing services keep up-to-date with the changing laws pertaining to telemedicine and make sure that claims are filed in accordance with payer-specific requirements.
Billing services handle the appeals process and follow up with payers to settle disputes, boosting the possibility of successful reimbursement, in the event that a claim is turned down or rejected.
From patient registration and insurance verification to claims filing and payment reconciliation, comprehensive telemedicine billing services assist streamline the whole revenue cycle.
By eliminating delays and enhancing cash flow, the utilization of specialist billing software and skilled billing personnel enhances the efficiency of the billing process.
Telemedicine billing services can aid with patient billing and give patients precise information about their finances.
Our Advanced Telemedicine Billing Technology
Advanced telemedicine billing technology is the use of innovative softwares, tools and integrated systems that function together to enhance the billing and reimbursement processes for telemedicine. Our advanced technology is designed according to the needs of telemedicine. Some of the main aspects of telemedicine billing technology is:
- Telemedicine specific codes
- Cloud based email or messaging services
- Remote patient monitoring
- Electronic claims submission
- Electronic health records
- Payer integration
Telehealth Billing Guidelines
Staying up-to-date with he latest telemedicine guidelines is crucial because they vary depending on payer and region. Outsourced telemedicine billing experts are well versed witht he ever changing guidelines, hence they maximise reimbursements. Some of the basic telemedicine billing guidelines include:
- Place of Service (POS) Codes
- Valid Services
- Valid Providers
- Originating Site of Patient
- Coding
- Telemedicine Modifiers
- Documentation
- Payer Policies
- Cross-State Licence
- Credentialing
FAQ
Costing of telemedcines varies in every case. It depends on survive acquired, volumes of billing, location of the survive provider and specific billing service provider.
Telemedicine billing services follow a detailed process from submitting claims to receiving reimbursements.
Outsourcing illing services is ideal as it is targetted to increase revenues and decrease debts. Third party agents are experts, their services are cost effective. Outsourcing also allows focus on patient care by reducing load on administration.
Some of the well knows billing softwares are:
- AdvancedMD
- Kareo
- Athenahealth
- DrChrono
- TheraNest
Get a FREE Medical
Billing Audit