Schedule a Consultation
Results-Driven Infectious Disease Billing Services
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Overview of Geriatrics Billing Services
Geriatrics is the branch of medicine that deals with the healthcare of old people. It includes provision of old age-related services to patients over the age of 65. The specifications of this field make billing services necessary, especially to ensure timely payments from insurance providers.
Geriatrics billing services include documentation of medical treatments, physician visits, claims submission, and reimbursements. In most cases, billing services are outsourced to certified professionals for accurate claim filings and management of reimbursements. Our geriatric billing services include:
- Patient enrollment and verification
- Checking the viability of Medicare, Medicaid, or other insurance policies
- Varying insurance plans
- Audit of payments
- Accurate assessment of chronic illnesses and their care
Challenges Faced in Geriatrics Billing Solutions
During geriatric billing, providers face challenges that may hinder their revenue cycle. The common challenges that arise during geriatric billing are:
Difficulty in Coding
Geriatrics involves certain diseases with a prolonged history and treatment plan. Accurate coding for such conditions can be challenging.
Staying Up-To-Date with Regulatory Changes
Staying up-to-date with the changing healthcare regulations is necessary to avoid delays in reimbursements.
Different Services
Geriatric care involves many services, from preventive care to specialized care. So billers must adapt and bill accordingly.
Denial Management
Claim denials must be addressed rapidly and accurately so the practice does not lose financial stability.
Medicare and Medicaid
Geriatric patients have Medicare and Medicaid insurance. Both come with their rules and regulations and must be billed accordingly.
Levels of Care
Many geriatric patients have chronic conditions that over time require different levels of care. From hospitals, nursing homes, and hospices we provide billing for everything.
Remote Health Monitoring
Patients who are suffering from chronic conditions and are unable to visit healthcare facilities require remote monitoring. Billing of remote patient monitoring (RPM) can be tricky.
Outsource Geriatrics Billing Services
Outsourcing geriatric billing comes with a set of benefits that enable the proper functioning of the practice. Some of the benefits are:
- Specialized Knowledge of Geriatrics
- Staying Up-to-Date with Regulatory Guidelines
- Reduced Errors
- Faster Reimbursements
- Improved Patient Focus and Satisfaction
- Cost Efficiency
- Increased Focus on Remote Patients
FAQs
MediBillMD understands the complex and ever-evolving healthcare landscape. We keep an eye on the changing regulations, varying reimbursement rates, and updated policies/guidelines to offer tailored geriatrics billing solutions.
Our services are designed to tackle unique billing challenges. We employ a diverse team of certified coders and revenue cycle managers who use their skills and expertise to deliver real results, increasing collection rates up to 96%.
We only charge a fraction of your net monthly collections for our geriatric medical billing services. Depending on the size of your practice, workload, and the level of service acquired, we charge between 2% and 5% of collections.
Adhering to the Medicare rules for geriatric medical billing can put even the most seasoned healthcare providers in a tough spot. Medicare frequently changes its policies on elderly care, and these updates are reflected in medical coding, billing, claim filing, and even denial management.
