Outsource Cardiology Billing Services for Best Results
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Overview of
Cardiology
Billing Services
Cardiologists have a high burnout rate due to excessive workloads, busy schedules, and intense work environments. The administrative work adds additional pressure. This is where cardiology medical billing experts, like MediBill MD, come in.
From privately owned practices to hospital-based centers, we take on the financial aspects of all types of heart clinics so healthcare professionals can perform to their full capacity. Our qualified team of specialists helps cardiologists secure timely payments from government and private insurers for all heart procedures. We professionally handle every step of cardiology medical billing, from patient registration to claim submission and follow-up.
Common Challenges in Cardiology Medical Billing
Billing challenges are quite challenging in this challenging field! Cardiology is one of the most demanding specialties. On top of that, many cardiologists juggle financial operations with patient care. This struggle impacts both areas negatively, leading to a compromised reputation and low revenue.
The cardiology billing process is slightly more complicated than other specialties due to the complexity of heart care. It requires specific coding, compliance with changing regulations, and accurate documentation. A slight oversight can result in claim denials. Cardiology practices often face reduced cash flow due to the following challenges.
Complex Codes
Cardiac diagnoses and procedures are assigned specific codes. Due to the diversity of heart conditions and treatments, it is difficult to keep up with cardiology coding guidelines.
Payer Requirements
Insurance payers like to update their policies frequently. As a result, average cardiology practices struggle to keep pace with changing policies, and their claims are flagged with denials.
Regulatory Changes
Cardiologists must also adhere to state and federal regulations while filing medical claims. These regulations are constantly updated making it hard for cardiology billing staff to monitor changes.
High Denials
Heart care centers face high denial rates due to coding errors, missing or inaccurate information, and non-compliance. Recurring claim denials reduce cash flow and hinder quality patient care.
Why Choose MediBill MD for Cardiology Billing Services?
Instead of dealing with the complicated process personally, rely on a professional cardiology billing company like MediBill MD. Let us handle all the processes, from coding to denial management, so you can focus on curing heart diseases.
At MediBill MD, we submit accurate medical claims with a 95% first-time pass rate. Our qualified cardiology billing experts work round the clock to ensure insurance companies don’t get a single reason to reject your claims. With an impressive collection rate and quick turnaround, we optimize your revenue cycle. You can trust us for our:
We specialize in cardiology-specific codes! At MediBill MD, our team of AAPC-certified coders expertly handles coding procedures. We accurately code all forms of cardiac procedures and diagnoses, minimizing claim denials.
We file error-free medical claims! You can trust our first-pass clean claim rate. At MediBill MD, we pay special attention to improving your claim approval rate and submitting claims to the payers with proper documentation.
We help you avoid lawsuits! At MediBill MD, we ensure that medical coding, claims submission, and all the other cardiology medical billing services comply with federal laws, including HIPAA and ACA.
Get complete reimbursements! Our specialists are experts in collecting reimbursements for all forms of cardiac services. At MediBill MD, we help countless cardiology practices generate revenue through our high collection rate.
Unblock your revenue! Our denial management team investigates every denial to understand its root cause. At MediBill MD, we follow a comprehensive process to reduce your claim denials and help you improve your cash flow.
Practices Nationwide
Our cardiology billing professionals serve cardiac practices of all types across 50 states. Whether you provide minimally invasive heart procedures or are part of the larger healthcare system, we make sure that you are paid fairly and on time. At MediBill MD, we help you deal with multiple insurance companies nationwide. Partner with us to increase the profitability of your practice!
Eliminate Cardiology Billing & Coding Errors with MediBill MD
Are you tired of recurrent billing errors? A proper billing approach can help your practice avoid common issues like incorrect coding, incomplete documentation, and upcoding or downcoding. At MediBill MD, we take a holistic and evidence-based approach to cardiology medical billing. Our AAPC-certified cardiology billing team avoids common billing errors through accurate specialty-specific coding and proper documentation. We minimize your claim denial rate by making fewer mistakes.
Common Cardiology Billing Errors | MediBill MD Solution | |
---|---|---|
Incomplete Documentation | We document everything. Our billing specialists use appropriate documentation templates to record everything. | |
Incorrect Information about Patients | We follow modern practices. Our cardiology billing specialists use EHRs to document every patient’s information. | |
Non-Specific Coding | We have an experienced team of AAPC-certified coders. Our coding team uses specific ICD-10/CPT codes to bill cardiac diagnoses and procedures. | |
Incorrect or Missing Modifiers | We train our team on correct modifier usage. Our cardiology medical billing team verifies all the modifiers before submitting a medical claim. | |
Upcoding / Downcoding | We offer regular training to our specialists on correct coding. Our team also keeps an eye on coding updates. | |
Unnecessary Medical Treatment | We attach proper documents to prove the medical necessity of a specific cardiac procedure. | |
Receive your reimbursements at the lowest prices! MediBill MD provides cardiology billing services at some of the most affordable rates in the market. Enjoy customizable solutions! Contact our customer representatives to get a quote.
Price Comparison Calculator
Based on your annual collections, we will calculate the in-house medical billing cost and compare it with the MediBill MD service charges.
Get In Touch With Our
Cardiology
Billing Experts
Enjoy accurate and timely payments! Get in touch with a cardiology billing expert at MediBill MD to improve your net income. Contact us for faster and more accurate claim submissions.
FAQs
MediBill is a reliable medical billing company due to its clean claim submissions and high collection rate. We offer affordable cardiology billing services and ensure faster reimbursements.
Cardiology billing requires assigning specific procedural and diagnosis codes for a variety of heart conditions and treatments. Due to the high-risk nature of this specialty, average cardiologists may find it difficult to keep up with all the codes. Hence, it is better to outsource cardiology billing services and let a professional handle everything.
MediBill MD’s cardiology medical billing services are some of the most affordable in the market. You only have to pay a small percentage of your total reimbursement. You can get in touch with our representatives to get exact pricing.
Coding is the most challenging aspect of cardiology medical billing. Cardiac procedures often include multiple components that require specific coding. Many healthcare providers face coding issues. As a result, most cardiology practices have high denial rates.