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Showing posts from May, 2021

How Does Outsourcing Toxicology Billing Maximize Revenue Collection?

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  Outsourcing Toxicology Billing Maximizes Profit As a supplier of  toxicology testing , you’re well aware that medical billing for toxicology laboratory work is  highly complex and undergoes frequent and often unpredictable changes.  Further muddying the waters, lab testing work is an area of attention and scrutiny by agents for the Office of Inspector General and the U.S. Department of Justice. In order to make sure your lab receives proper reimbursements for toxicology billing and doesn’t draw the attention of these regulators,  you need to keep up with frequent guideline changes , both from government-sponsored and commercial payors, and be mindful on how to apply the existing rules. Nationwide, toxicology labs have turned to well-informed, medical billing companies. Those who fully understand the nuances of  toxicology billing . Those who’ll work hand-in-hand with your lab to pinpoint the proper billing guidelines and surmount any likely problem areas. With the support of professi

Why Do Health Insurers Require Prior Authorization?

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  Health Insurers and Prior Authorization Like sands through the hourglass, so are the days of prior authorization “This procedure will require prior authorization.” Words that no patient or healthcare provider wants to hear when they are ready to proceed with a  doctor-approved procedure for a medical matter. However,  it’s one of the utilization management tools that insurance companies have fostered  to decide if specific prescribed procedures, services and medications are medically required or whether there is an equivalent useful treatment existing for the patient. Healthcare.gov defines  prior authorization  as “approval from a health plan that may be required before you get a service or fill a prescription in order for the services or prescription to be covered by your plan.” Importantly, services (medications, imaging studies, etc.) that need prior authorizations require healthcare providers to acquire consent from the patient’s health insurance  before  the cost of the service

Case Study: Behavioral Health Billing

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  Behavioral Health Billing Case Study Type of Practice:  Behavioral Health Group The Challenge: A successful  behavioral health   practice approached  Medwave  to manage their billing process. Up until now, they were performing their own billing in-house using various staff members who had had some formal training. However, they were finding that these staff members were spending an inordinate amount of time with billing, insurance regulations and collections than they were with patients. The process was ugly and it wasn’t streamlined very well. Additionally, they wanted us to address claim-related glitches that included a lack of follow-up on claims, delays due to coding errors, issues causing claim underpayments or no payments and claims denials due to lack of  prior authorizations . The Response: At the onset, our billing experts followed up on several of the client’s unpaid, underpaid and  denied medical claims . Next, we quickly fixed the client’s problems with insurance companie

5 Reasons to Outsource Your Allergy Billing

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  Allergy Immunotherapy Billing Options The complexities of allergy immunotherapy billing Allergy immunotherapy  (aka allergy shots) is the recurrent administration of specific allergens to individuals with immunoglobulin E(IgE)-mediated condition. The goal is to reduce or stop the allergy by diminishing the strength of the IgE response. These treatments, being patient specific, can have serum mixed for up to one year of usage. Put simply,  Immunotherapy involves injection of the exact things to which you are allergic, named allergens.  For example, if your skin test indicated that you are allergic to trees, small amounts of tree pollen extract will be utilized in your allergy vaccine. Allergy testing and immunotherapy have had a significance in reestablishing and preserving balance in the patient’s biochemical system while dealing with a variety of medical emergencies.  That’s why the field of immunotherapy has been demonstrating such an impressive growth.  While this growth has no do

Easier Medical Billing and Credentialing

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  Medical Billing and Credentialing Made Easy “There just has to be an easier way to perform our billing and credentialing.” Does any of this sound familiar? I’m tired of dealing with insurance companies! I got into healthcare because I wanted to focus on patients, not paperwork and red tape! I’d rather do without having to hire and train billing staff. I’m ready to say goodbye to frustrating phone calls with insurance companies. If you’ve had to perform your own  billing and credentialing , you know exactly what we’re talking about.  For any number of healthcare practices, in-house billing and credentialing is an unpleasant, yet necessary, chore. T his is about to change. From   Miami   to  Phoenix ,  Washington, DC   to  Cleveland  and  Detroit  and cities in between,  Medwave  is prepared to provide your healthcare practice or facility with the most efficient billing and credentialing services available. Based in the  Pittsburgh  region,  Medwave  is recognized as a premier supplier