5 Ways Remote Medical Billing Can Get Your Allergy and Asthma Practice Paid Faster

Carisse Armada • Sep 12, 2022

Billing for allergy and asthma practices like yours require professionals who know how to code and bill for the services. These experts offer Remote Medical Billing, which will operate remotely from a separate location. They will take care of the financial process that healthcare institutions use called Revenue Cycle Management (RCM).

They provide RCM billing services using medical billing software. They will monitor patient treatment incidents from registration and appointment scheduling to the final payment of a balance.

Most allergy and asthma clinics accept most types of health insurance. When a patient schedules an appointment, the revenue cycle begins. But many steps must be done correctly and quickly to ensure payment is made on time.

Different insurance companies have other policies regarding allergy testing and medicine.

Due to the complexity of coding, miscommunication, duplicate data, missing information, or misspellings, there are many ways for a person to make a mistake. This can lead to lost revenue and delays in payments.

This article will show how remote medical billing services can help accelerate remittances for your allergy and asthma practice.

5 Ways Remote Medical Billing Can Speed Up Payment to Your Allergy and Asthma Practice

Without a specialized remote medical billing team, your allergy and asthma medical practice will become overburdened with all the required documentation. By outsourcing your medical billing, you can speed up your payment in many ways.

Here's how they can help you.

1. Filing Claims Will Be Done Properly

About 80% of medical bills have some sort of error on them. Because of the strict guidelines insurance companies have set for medical billing and coding, most of these invoices are eventually denied.

Payment to health providers like your allergy and asthma practice is often delayed for weeks or months due to the lengthy submission, rejection, revision, and resubmission processes. The billing group will fix the old methods that led to billing denials and rejections.

Among the most common causes of mistakes that the RCM billing services will avoid are the following:

Wrong information about the insurance policy, address, electronic payer ID, etc.
Billing multiple times: not checking to see if a service has been reported or paid for.
Incorrect information about the medical practice, such as the address, name, and contact information.
Poor documentation.
No Explanation of Benefits (EOB) when a claim is denied.
Many insurance companies accept electronic or online claims appeals and changes. Instead of an EOB, these claims are sent back with a claim number and denial codes that explain what went wrong. If these codes aren't there or aren't clear, it can be harder to find the mistake and fix it.

2. Effective follow-ups on Unpaid Claims

Payment delinquency rates that are too high indicate a more significant issue in your allergy and asthma practice. The remote medical billing team will look at past-due accounts with the aim of establishing systems and routines that help file claims faster and more efficiently so you can get paid without delay.

The group will take care of AR Management. It will automate activities without interruption and obtain the necessary payments on time.

Follow-ups will be kept track so that unpaid claims will get paid. Their efficient systems will allow them to file claims faster and help reduce the number of late payments. Improving cash flow means reducing late remittances.

3. Employ Accuracy in Coding, Documenting, and Submitting Claims

Your allergy and asthma practice claims will be sent in on time, so CPT coding must be done quickly and correctly. This is an essential part of managing the revenue cycle. Good coding practices help get claims processed quickly and reduce the number of times insurers say "no" to claims that your allergy and asthma practice filed.

A great way to lessen the number of denied claims and improve your revenue cycle is to ensure everything is correct before sending in a payment request.

To ensure that your ledgers are accurate, they will accurately record all payments, fees, and reimbursements. This will make things simple for a reviewer to verify that the correct payment amounts were sent to the appropriate accounts.

These essential details should be correctly recorded in a log:

Name of the patient
Account number
Amount due
Cash or Check Receipt Number
The date of service or the number of the referral

4. Help You to Focus More on Your Profession.

Some medical practices, like your allergy and asthma, have trouble getting paid on time because doctors and their staff have to deal with billing while also taking care of their patients. Due to the unavailability of time to handle the collection of delinquent invoices and claim requests, payments will be delayed.

Many healthcare providers delegate medical billing to a third party to focus on what they do best. The goal is to spend more time caring for your patients’ needs.

By outsourcing, you can take your staff's attention away from the complicated work of billing.

You can benefit from medical billing outsourcing which will take care of the hard work of speeding up payments while you and your staff focus on your practice.

5. Optimized Equipment

Any job benefits significantly from having the appropriate tools. Being a medical billing service in these times that still uses paper-based procedures is equivalent to being a carpenter who doesn't utilize power tools.

Using the most recent practice management software, the right remote medical billing specialists will help allergy and asthma practices expedite payments. It would enable the automation of regular duties and fundamental billing operations with other medical billing software solutions. Time will be saved, errors will be reduced, and reimbursements will be increased.

Partner With DrCatalyst

We are the top medical billing and RCM service. Your 30-60, 60-90, and above 90-day aged and unpaid claims will be submitted, paid, and resubmitted as necessary.

Our comprehensive RCM will provide the best in taking care of the following: