How to Avoid Common Ophthalmic Billing Rejections: Part 1

How to Avoid Common Ophthalmic Billing Rejections: Part 1

Working with eye care providers across the country, our billers at Fast Pay see many common rejections that could have easily been avoided. In this “Common Billing Rejections” series, we will explore some of the top rejection reasons, starting with the OCT/GDX and fundus photography combination.

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How You Can Get Three Billers for the Price of One!

How You Can Get Three Billers for the Price of One!

The average biller makes an estimated $35,139 annual salary, or $2,928 per month. That’s not counting health benefits, paid time off, sick pay, holidays, office materials, utilities and more. When you add it all up, the expenses of having a dedicated biller in your office can mount quickly. And when you add the risks with having a single person handling your entire billing process—should this person become ill or decide to leave your practice—you might find yourself with a billing vacuum and falling revenue.

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Boost Your Cash Flow with EFT

Boost Your Cash Flow with EFT

How often have you heard, “the check is in the mail” from insurance companies? Or, your billing staff just spent hours processing paper checks and they forgot to deposit the checks at the bank. Or worse, a check is lost or stolen and now you have to start a time-consuming search and rescue.

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Should you bill routine vision or medical insurance?

Should you bill routine vision or medical insurance?

One of the more challenging decisions eye care professionals face is when a patient has both medical and vision plan insurance. It can be confusing and difficult to decide which one to bill, especially when patients want to be part of the decision and are concerned with what they will have to pay. However, there are many circumstances where you can bill vision and/or medical.

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How to Maximize Your Cash Flow: Smart Tip Series #4

How to Maximize Your Cash Flow: Smart Tip Series #4

Our Fast Pay billers go through aging claims daily to see why the open balances are still outstanding. The most common reason we find is that payments simply were never posted. Why is that a problem? Check out Tip #4 below.

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How to Maximize Your Cash Flow: Smart Tip Series #3

How to Maximize Your Cash Flow: Smart Tip Series #3

Are you focusing on scrubbing those pesky claims that don’t go through? Accurate information is directly related to you receiving reimbursements, and clean and accurate claims get paid faster.  Start 2016 off with cleaner claims and a few simple tasks that can bring in the money.

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How to Maximize Your Cash Flow: Smart Tip Series #2

How to Maximize Your Cash Flow: Smart Tip Series #2

Every practice we’ve spoken to wants to get paid faster.  In order to maintain the smooth flow of claims, it’s important to post remit payments as they come in. By handling remits within one business day, you can move the balance to the secondary insurance and bill that much quicker.

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How to Maximize Your Cash Flow: Smart Tip Series #1

How to Maximize Your Cash Flow: Smart Tip Series #1

You might be surprised by some of the things our billers at Fast Pay find when performing a practice analysis for optometry and ophthalmology practices. We frequently encounter practices where the staff’s time and talents could be better spent elsewhere in the practice to focus on improving the patient’s experience rather than handling the complexities of billing.

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