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Most healthcare practices have experienced the same frustrating scenario. The patient was seen. The documentation was completed. The claim was submitted correctly. Every step appears to have gone according to plan, yet weeks later, the payment still hasn't arrived...
Read Article →Researching and resubmitting denied claims can lead to long, frustrating hours trying to figure out what claim denial and claim adjustment reason codes mean, and what action to take. The good news is that almost 90% of claim denials are avoidable with a proactive revenue cycle management and optometric billing solution.
Optometric billing rejections and denials can be a nightmare for eye care providers. They delay payments and affect cash flow. This blog will explore three common reasons for medical billing rejections and denials and offer actionable insights on how to avoid them.
Every time you think your optometric billing is under control, new reimbursement, coding, or staffing roadblocks appear. Increasing collections and improving out-of-control accounts receivable (AR) is critical for revenue growth. Follow these optometric billing tips to help your eye care business thrive.
Claim denial management strategies for optometry and ophthalmology practices are critical to quickly identifying, resolving, recovering from, and preventing denied claims. How can you keep the denial rate below 5% and boost unhealthy cash flow? In this blog, see common reasons for claim denials and solutions to help you improve your cash flow.
Opticore Optometry Group faced several optometric billing challenges that affected its revenue stream before transitioning to Fast Pay Health. Dr. Taylor Tedder, President of Opticore Optometry Group, shares how a tailored billing and RCM service resulted in positive solutions and a return on investment in a few months.
Many patients have both medical and vision insurance. It can be confusing and challenging to decide which to bill, especially when patients want to be part of the decision and are concerned with what they will have to pay. This blog will discuss best practices for billing vision plans and medical insurance.
Optometrists Julie and Jay Honda recognized how a more efficient optometry billing process could positively impact their practice, motivate staff, and improve revenue. Dr. Julie Honda explains how Fast Pay Health helps her practice overcome optometric billing and revenue cycle management challenges.
Need a refresher course in common medical billing and insurance terms? We’ve got you covered with a glossary of insurance terminology and billing tips to help you improve collections, prevent rejected and denied claims, and focus on growing revenue for your eye care business.
Knowing when and when not to use a medical billing modifier can maximize reimbursements and prevent denials and audits for your eye care practice. When you use a medical billing modifier on a claim incorrectly, this can become a costly mistake. Here are some red flags to look out for when billing with a few common modifiers.
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