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Results-Driven Podiatry Billing Services
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Overview of Podiatry Medical Billing Services
Focus on keeping your patients on their feet – leave billing to an expert! Do you spend your day diagnosing and treating conditions that affect your patients’ feet and ankles? It is common knowledge that many podiatrists run small-scale, busy practices and don’t have enough time to unravel all the billing complexities, leading to high denial rates.
MediBillMD can help you walk away from your billing problems. Our well-trained team of billers and coders increases the financial efficiency of podiatry practices by handling everything. Our podiatry billing services include, but are not limited to, the following:
- Precise Coding
- Claim Management
- AR Recovery
- Denial Management
- Documentation and Follow-up
Common Challenges in Podiatry Billing
How many of your claims remain unpaid due to regulatory changes, coding, and billing errors? Most specialists, including podiatrists, face higher denial rates than the average healthcare providers. This is due to a combination of factors. Many podiatric practices find it difficult to manage the time-consuming billing process alongside their daily operations.
Moreover, they struggle with strict regulatory and coding requirements. The absence of experienced in-house billing teams further complicates their billing process, leading to frequent claim denials and inconsistent cash flows. In short, podiatry billing comes with the following billing challenges.
Codes & Updates
Most podiatric billing challenges arise from complex coding requirements and annual updates. While this specialty only focuses on a patient’s feet and ankles, it includes a wide range of diagnostic, treatment, and preventive procedures. As a result, podiatrists often make coding mistakes, which result in immediate claim denials.
Coverage Verification
Insurance verifications make the billing process more time-consuming. Due to the lack of time and resources, many podiatric practices skip this step. As a result, they frequently experience payment delays, claim denials, and increased patient dissatisfaction.
Regulations & Policies
Varying healthcare guidelines and insurance policies also increase the complexity of the podiatric medical billing process and create confusion. For example, Medicare does not cover routine foot care services. Non-compliance with these requirements usually results in legal and financial repercussions.
Miscommunication
Miscommunication is a significant obstacle in payment collection from patients. Most often, patients are unaware of their coverage details and financial responsibility. Poor communication leads to confusion, payment delays, and disputes.
Outsource Podiatry Billing Services to MediBillMD
Step away from the stressful billing process and focus on your patients! At MediBillMD, we take on your financial operations so you can redirect your time and energy towards your patients. We understand that podiatry billing requires detailed knowledge of CPT and ICD-10 codes, particularly for issues related to diabetes and chronic conditions.
Therefore, our specialized team of certified coders and billers guarantees accurate coding, compliance with healthcare guidelines, and timely submissions. We expertly reduce your claim denials and increase your revenue. You can choose us as your partner for the following reasons.
Rely on our expertise for consistent growth! At MediBillMD, we know everything about podiatry, including specialized terminology and specific code sets. Our certified coders not only apply the correct codes for the provided services but also keep up with frequent coding updates.
Reduce your accounts receivable by 30%! At MediBillMD, we can help you recover your outstanding balance by resolving your claim backlog. Our recovery team reduces AR days and speeds up the reimbursement process with proactive follow-up.
Clear all the misunderstandings with effective communication! At MediBillMD, we follow best communication practices to improve your practice’s collection rates. Our team handles copays, deductibles, and coinsurance with diligent follow-ups.
Avoid extra work and legal penalties! Our podiatry billing specialists are not only well-versed in coding requirements but also stay updated with healthcare and payer regulations, including HIPAA and Medicare. We file 100% HIPAA-compliant claims and guarantee improved revenue.
MediBillMD is not bound to a specific location. You can find us anywhere in the country. From the quaint towns in Vermont to bustling metro areas of New York, we offer our podiatry billing and coding expertise to many practices in all 50 states. Call us and transform your practice with a company that understands the language of podiatry.
Overcome Podiatry Billing & Coding Challenges with MediBillMD
Don’t slow down because of the billing complexities! Walk away from podiatry billing and coding challenges by partnering with MediBillMD. Coding inaccuracies and missing or incomplete documentation are common billing mistakes that result in claim denials and payment delays. However, with MediBillMD, you won’t have to face these issues due to our strategic approach. Here is how we tackle the most common billing errors.
| Common Podiatry Billing Challenges | MediBillMD Solution | |
|---|---|---|
| Complex Coding Process (for example, confusing foot incision CPT code with foot excision CPT code) | We assign highly trained and AAPC-certified coders to your coding process. Our team specializes in podiatry-specific codes and terminology. | |
| Coverage Verification (for example, billing routine foot care services like nail trimming or removing calluses to Medicare) | The coverage verification process is an essential part of our podiatry billing and coding. Our team verifies every patient’s insurance coverage before you provide them with any service. | |
| Incomplete Documentation (for example, failing to prove the medical necessity of a podiatric service or procedure to a payer) | We guarantee accurate and detailed documentation of every podiatric service and procedure. We make sure that your claims are not denied. | |
| Difficulty in Patient Payment Collection, Mostly Due to Miscommunication and High Deductible | We handle patient payment collection with proper communication. Our team sends detailed billing statements and frequent reminders via phone calls to every patient. | |
| Claims Backlog (unpaid claim claims for services like fracture or dislocation due to unresolved denials and lack of follow-up) | We have a proper AR recovery process and a dedicated team. We address your claim denials and take proactive follow-ups on unpaid services. | |
Lowest Prices Guaranteed
Cut your billing costs, but don’t compromise on the quality! At MediBillMD, we promise unmatched value. Our podiatry billing services guarantee excellent savings for your practice. Contact us today and get low-priced podiatry billing!
Get In Touch With Our Podiatry Billing For Experts
Trust MediBillMD with your podiatry billing and coding services! Get in touch with our billing experts today and take a step towards financial and operational efficiency.
FAQs
MediBillMD is your best choice for improving revenue. We are not just a podiatry billing company – we become your partner and solve all your unique problems, from coding to payment collections. Our billing specialists possess a deep knowledge of podiatric-specific terminologies and procedures and accurately code all the provided services.
You can outsource your podiatry billing services to MediBillMD for a small cost, typically between 2 and 5% of your total monthly collections.
Like many other specialties, coding is the most challenging aspect of podiatry medical billing. This is because podiatry coding requires a deep understanding of specific medicine, anatomy, and terminology to report all foot and ankle conditions to payers.
