Radiology Billing Challenges and Solutions
Radiology practices face several challenges, including declining payment rates, increasing infrastructure costs, and changes in payer composition. To maintain earnings and optimize reimbursements, it is crucial to ensure that billing and coding are handled effectively.
Invoicing for radiological services can be particularly challenging due to the complexities of this specialty, which involves using imaging techniques to diagnose and treat diseases. The constantly evolving advanced technologies and therapeutic approaches in radiology mean that the CPT codes used for billing must be continually monitored and updated.
Unlike other medical disciplines, radiology has two billing components: the technical component and the professional component. Billing for the use of radiological tools, chemicals, and equipment falls under the technical component, while billing for the radiologist's evaluation of the diagnostic data falls under the professional component.
At OneMed Billing Services, we understand the complexities of radiology billing and have a team of certified and knowledgeable billers and coders who can help. Our team is well-versed in distinguishing between the professional and technical aspects of radiology when billing, ensuring that your practice's bottom line is not adversely affected. Contact us today to learn more about how we can help your radiology practice succeed.
Radiology Billing Services for Efficient and Error-Free Claims
Trust OneMed Billing Services for efficient and error-free radiology billing services. Our team of certified billers and coders is well-versed in the complexities of radiology billing and uses cutting-edge technology to create a successful claim submission procedure.
We understand the importance of using both CPT and Dx-codes when charging for services and prioritize drastically lowering denial rates while enhancing collections through precise and transparent claim submission procedures.
Our expertise in radiology billing includes but is not limited to the following areas:
• Imaging Diagnostics
• CT imaging (CT)
• Fluoroscopy
• Magnetic resonance imaging (MRI)
• Magnetic resonance angiography (MRA)
• Mammography
• CT with positron emission (PET)
• Ultrasonography
• Radiology Therapy
• Molecular Imaging
Choose OneMed Billing Services for seamless radiology billing and optimize reimbursements while maintaining earnings.
Effective Revenue Cycle Management for Radiology Practices
At OneMed Billing Services, we understand the challenges that radiology practices face in maintaining profitability while dealing with declining payment rates, rising infrastructure expenses, and changes in payer composition. Our team of experienced billers and coders is dedicated to providing effective revenue cycle management solutions tailored to the specific needs of radiology practices.
Here are some ways we help radiology practices optimize reimbursements and maintain earnings:
1. Denial Prevention: We work with practices to identify and eliminate the root causes of claim denials, thereby reducing denial rates and improving collections. Our iterative processes help practices adopt best practices in clinical documentation, coding, and claims submission, enabling them to shift their focus to denial prevention.
2. Underpayment Identification and Recovery: We compare payments received with contracted rates to identify cases of underpayment, which we then pursue aggressively and resolve by collaborating with third-party payers.
3. Custom Reports: We create custom scheduled/on-demand reports to help practices make informed decisions and identify and address issues related to revenue cycle management.
4. Significant Experience: With numerous interventional and diagnostic radiology clients located in prestigious medical facilities and academic medical centers, we have the expertise to handle the complexities of radiology billing effectively.
Choose OneMed Billing Services for effective revenue cycle management solutions tailored to the unique needs of your radiology practice.
Trust OneMed Billing for Expert Radiology Revenue Cycle Management
At OneMed Billing, we leverage our decades of experience working with top-tier imaging facilities and hospitals to manage and improve your revenue cycle. We prioritize HIPAA compliance and aim to lower your operating costs while enabling physicians to focus on providing top-quality patient care. Our team of experts is:
● Certified by the American Association of Professional Coders (AAPC) and trained on the majority of medical coding software
● Successful in processing medical claims with most commercial insurance providers, including UHC, WellPoint, Aetna, Humana BCBS, and Anthem, as well as government payers like Medicare
● Knowledgeable in utilizing Medicare and understanding Medicaid policies unique to each state
● Experienced in cost reduction and improving clinical and operational efficiency
Trust OneMed Billing for comprehensive radiology revenue cycle management.