Billing for optometrists brings daily obstacles to overcome. Our optometry billing best practices blog helps you solve challenges and grow your practice.
There is always room for improvement with practice operations. Being equipped to handle optometric billing is a balance between process, resources, and technology. The following optometry billing tips will guide you toward long-term success.
Read MoreTechnology makes it much easier to reach your business goals. With the help of optometry business apps, you’ll manage your practice with confidence.
Read MoreKnowing when and when not to use an optometry billing modifier can maximize reimbursements and prevent denials and audits for your eye care practice. Improve with these medical billing tips.
Read MoreNo one likes to see a denied claim. Understand these common optometry coding denials, and how you can establish a proactive solution to increase business revenue.
Read MoreThe new year is a great time to reevaluate what’s working in your eye care practice—and where there are untapped opportunities for growth. Here are several ideas to motivate and inspire your eye care staff.
Read MoreNeed to evaluate the efficiency of outsourcing optometry billing? Here’s how you calculate your ROI to ensure your investment is a positive one.
Read MoreHow can you keep the claim denial rate below 5% and boost unhealthy cash flow? Let’s look at common optometry claim denial management struggles, and how proactive solutions can improve your bottom line.
Read MoreReady to overcome revenue cycle management (RCM) obstacles? Learn how this office manager used a collaborative optometry billing approach to improve her bottom line in three months.
Read MoreReducing accounts receivable and staff expenses sound appealing? Let’s explore the advantages you can experience with an improved optometry billing process.
Read MoreStruggling with increasing Medicare Advantage claim denials? Improve the financial health of your eye care practice by following these optometry billing requirement tips.
Read MoreIt’s never too early to start planning for the 2019 ICD-10-CM (diagnosis) eye-specific code changes that go into effect on October 1, 2018. Avoid delays in claims processing or denied claims by downloading this free guide.
Read MoreIn many optometry offices, doctors and staff members are multitasking with patient care and revenue cycle management. Drs. Julie and Jay Honda recognized how a more efficient billing process could positively impact their practice and their bottom line. This is how they fixed their process.
Read MoreDoes your eye care practice have an unhealthy cash flow and high accounts receivable (AR)? There are many ways you can reduce your AR. Let’s look at common challenges, solutions, and marketing strategies that will help your practice reduce the number of days your AR goes unpaid and sits in the Aging bucket.
Read MoreNoticing more eye care billing rejections appearing in your inbox? Is your claim rejection percentage rate increasing? Let's examine six common eye care billing rejections and how a billing solution like Fast Pay Health can help you overcome them.
Read MoreDo you wonder where your money is in your optometry and ophthalmology practice? With more patients coming in with insurance, it’s easy for money to get lost. On average, 25% of lost practice revenue comes from poor medical billing and revenue cycle management (RCM). 2018 may be the year for you to move your in-house billing to an end-to-end revenue cycle management service.
Read MoreFor more than ten years, managing revenue cycle management (RCM) has been a challenging and often frustrating task for Princeton Optometry in Princeton, NJ. Constant regulatory and coding changes, declining reimbursements, keeping up with staff training, reducing administrative costs, and getting Medicare to pay claims, are key reasons why Princeton Optometry decided it was time to outsource their insurance billing, accounts receivable/aging claims cleanup, and practice management payment postings.
Read MoreIn an era of declining reimbursements, high-deductible health plans, and constant industry challenges, profit margins are tighter than ever for most medical practices. Medical providers should be able to focus on patient care—instead of paperwork and payments. That’s why having end-to-end revenue cycle management (RCM) processes in place are important to running a successful practice, so your revenue doesn’t slip through the cracks.
Read MoreThe Centers for Medicare & Medicaid Services (CMS) and the National Center for Health Statistics (NCHS) will be making ICD-10-CM code changes to 728 diagnosis codes that become effective October 1, 2017. This month, CMS released the 360 new codes, 226 revised codes and 142 deleted codes for patient encounters occurring from October 1, 2017 forward. Claims that have a service date of September 30, 2017, or earlier, must use the 2017 codes.
Read MoreResearching unpaid or denied claims is a time-consuming and frustrating process. On average, more than 25% of lost practice revenue comes from poor medical billing and revenue cycle management practices. According to the Medical Group Management Association (MGMA), the average cost of reworking a claim is $25.
Read MoreIt might be surprising, but Medicaid in most states only covers repairing or replacing glasses for patients 20 and under. If an adult aged 21 or older comes in needing repairs, they must pay out of pocket if they have no other insurance. We sometimes see offices try billing Medicaid for replacement glasses on older patients, only to get a denial and ask us what to do. Read on for more.
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