Medical Billing Audit Services
Upgrade Your Medical Practice With Medical Billing Audit Services
Financial slippage is a pressing issue in medical practices caused by poor billing and coding practices. It can be remedied with medical billing audit services which involve the evaluation of the whole system related to billing and claims and so much more.
Medical billing and audit services are the process of reviewing, analyzing, and pinpointing issues to improve from patient registration to payment posting to patient statements to collections. It is very crucial in solving the potential issues and providing a productive revenue cycle.
Big Goals Like Streamlined Revenue Require Greater Efforts & Timely Problem Resolving
Ensure Medical Billing Audit Services Aligned With the Current Laws and Regulations
- Billing Documentation
- Displaced Current procedural terminology (CPT)/International Classification of Diseases (ICD) 10 codes
- Medical coding
- Mistakes in the patient data
- Under-coding and outdated practices
In the end, a comprehensive report points out the weakest areas of your revenue cycle along with useful knowledge to fix the issues.
Steps Involved in Medical Billing Audit Services
Identify Faulty Areas That Help You Take Necessary Measures
Medical billing audit services provide audit results that are thorough in the description such as,
Report and Errors
The detailed report provides a concerted error ratio and information on the provider documents, coding, and billing details. It also tells whether the details are presented correctly.
Audit Details
The audit details help us find existing coding and documentation problems affecting the medical practice's overall revenue cycle and point out compliance risks, if any.
Best Practices
Medical billing audit services give all-inclusive suggestions to improve documentation. These suggestions are based on the audit findings after a thorough examination.
Audit Training
Along with results, we would also help you evaluate training suggestions and identify the methods best fit for you.
Gauge your practice’s strengths and weaknesses, gauge your success
Maximized Billing Performance and Streamlined Revenue Cycle Management
- Conducting a complete risk management analysis
- Creating a checklist for task and employee performance
- Checking if your EHR and billing software is updated
- Avoiding the use of inappropriate codes and billing quantifiers
Contact Us Directly
You can also reach us directly for personalized assistance and prompt support with all your practice needs.
CareMedix is ready to take the challenges of your medical practice. Be it faulty medical billing, poor clinical quality reporting, or complex cash flow, our expert team analyzes your system to come up with a perfect solution.