Results Driven Radiology Billing Services
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Medical
Billing for
Radiology Practices
Avoid financial setbacks with specialized radiology billing services! Radiology practices hold the key to early treatment. However, due to billing errors, they are only able to collect 79% of the revenue they have earned. Is your heavy workload also stopping you from keeping up with the ever-changing regulations?
MediBill MD can help you with that! Early diagnoses save lives. Similarly, our proactive radiology billing practices protect your revenue. From patient registration to final payment, our team of experts optimizes the entire revenue cycle. Don’t miss out on the potential profit. Let us manage your billing process and denied claims.
Common Challenges in Radiology Medical Billing
Coding errors, missing documentation, and modifiers! The billing process for radiology is anything but simple since it includes two components – technical and professional. Inaccurate billing practices can be costly, but what leads to these mistakes?
Radiology tests and services require precise coding. However, radiologists often miscode X-rays, CT scans, and other important tests due to the continuous innovations in their field and their lack of coding experience. As a result, radiology practices face 30% claim denials on average. Here are some common radiology billing challenges.
Changing Coding Guidelines
Coding for radiology is already complex because of its many services. But it becomes more difficult with yearly updates. These annual coding revisions reflect the latest innovations in the field.
Incomplete/ Missing Documentation
Radiology reports require specialized language. However, many practices cannot maintain patient records due to a shortage of qualified staff. As a result, they make coding errors and face claim denials.
Complex Regulatory Requirements
Ever-changing regulations also complicate the billing process. Multiple federal and state rules, such as HIPAA and FCA, shape radiology’s billing practices. However, radiologists experience compliance issues due to complicated requirements.
Varying Insurance Policies
Every insurance company has unique guidelines and reimbursement rates. It is difficult to manage these differences. However, payers deny medical claims if radiologists don’t meet their coding and documentation requirements.
Outsource Radiology Billing Services to MediBill MD
Dedicate more time to your patients by outsourcing your radiology billing! If you face a high volume of denied claims due to recurring mistakes, leave the billing process to an accomplished radiology billing company like MediBill MD. Instead of drowning in paperwork, free up your energy for what matters the most – diagnosing and treating different diseases.
We have a dedicated team to handle complicated radiology coding and regulatory requirements. By efficiently managing every financial aspect of your practice, we allow you to reclaim valuable time. So, trust us for a simplified and hassle-free process and reduce your claim denials.
Coding accuracy is our specialty! Our certified professional coders (CPCs) guarantee accurate coding for a wide range of services, including different imaging services. We have up-to-date knowledge about radiology-specific CPT and ICD-10 codes.
Receive complete payments without draining your resources! We are experts in handling complex payer and regulatory requirements. Our team optimizes clean claim submission by reducing common radiology billing errors. We help you secure the maximum possible payments for your services.
We cover all areas of radiology! Our team makes sure that all your claims are well-supported. We offer precise and thorough documentation with specialized language. Our documentation service covers all radiology procedures, including technical details of imaging procedures and diagnostic treatments.
We offer transparency you can rely on! Our detailed reports provide a complete picture of your practice’s financial performance. We provide the clarity you need to make better decisions. Choose us to stay informed and transform your practice.
Our radiology billing services align with your goals! We tailor our solutions to meet your specific financial requirements. From coding to claim denials, our team addresses your practice’s unique challenges to maximize reimbursements.
Enjoy excellent results no matter where you are! From rural areas to urban centers, MediBill MD delivers customized medical billing services to all types of radiology practices in the country. We offer our expertise throughout the country. So, whether you run a diagnostic radiology center or a cardiothoracic radiology practice, contact us to accelerate your payments.
Prevent Common Radiology Billing Errors with MediBill MD
Reduce your claim denials by avoiding potential pitfalls! Miscoding, inaccurate patient information, incomplete documentation of radiology procedures, and missing modifiers are some of the reasons why payers typically deny medical claims. Improve your practice’s efficiency and revenue by outsourcing radiology billing to a reliable company like MediBill MD. Here is how we can help you avoid the most prevalent billing errors.
| Common Radiology Billing Errors | MediBill MD Solution | |
|---|---|---|
| Coding a diagnostic head MRI with a CPT code for a chest imaging procedure | Our AAPC-certified coders are well-versed in radiology-specific CPT and ICD-10 codes. We implement comprehensive audits and offer regular training sessions. | |
| Failing to specify the technical and professional components of a radiology procedure (missing 26 or TC modifiers) | We provide proper education to our radiology billing staff on the correct usage of modifiers. Our team reviews all the medical claims to verify all the modifiers before claim submissions. | |
| Incomplete/missing documentation (for example, submitting a claim for a chest CT scan without providing a reason for the procedure) | We submit claims with all the supporting documentation. Our team performs various checks to make sure every information is included before filing medical claims. | |
| Insufficient information (for example, missing information about referring physician) | We use EHRs to increase information accuracy. Moreover, our team uses various checklists to verify all the required information before claim submissions. | |
| Submitting two claims for the same radiology procedure | We use a claim tracking system to filter all the duplicate claims. | |
You don’t have to look elsewhere for affordable services! At MediBill MD, we offer some of the best radiology billing solutions with guaranteed results at some of the lowest prices in the market.
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
Radiology
Billing Experts
Get the best deal in radiology billing! Give us a call to streamline your billing process. Improve your cash flow and focus on providing better diagnostic procedures.
FAQs
You can bill radiology services by following these simple steps.
- Collect accurate information about the patient.
- Verify their insurance coverage for radiology services.
- File a pre-authorization request for specific procedures (if necessary)
- After obtaining prior approval, provide the service
- Document everything, including diagnoses and procedure details
- Assign appropriate CPT and ICD-10 codes
- Generate a medical claim and follow all the regulatory and payer-specific guidelines
- Submit the medical claim to an appropriate payer
- Track the claim’s progress and handle claim denials
- Record the payments received into your billing system and generate accurate reports
MediBill MD is the best radiology billing company because we have the expertise to address unique issues. Our billing solutions are not only affordable but are also tailored to your practice’s requirements. We reduce claim denials and improve the financial health of countless radiology practices nationwide.
We offer top-tier radiology billing services at some of the most market-competitive rates, typically 2% to 5% of your total monthly reimbursements.
Just like many specialties, coding is generally the most challenging aspect of radiology billing. Radiology is an ever-evolving field. Hence, the AMA introduces new codes annually, making it difficult to keep up with the latest coding requirements.
