The medical domain is vast and numerous healthcare professionals are a part of it. One such domain is radiology. This field has two parts – diagnostic radiology and interventional radiology. Doctors that specialize in diagnostic imaging are referred to as Radiologists. These physicians perform several tests to see if there are any prevailing health conditions by taking pictures and creating images of the body. Some of the tests conducted are X-rays, computed tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), ultrasound and nuclear medicine.
Radiology is of vital importance as a countless number of subspecialities are included in it. To produce an accurate diagnosis, Radiologists have to carry out thorough research and engage in immense clinical work. The invasive medical procedures help in discovering cancers, tumors and almost all types of diseases ranging from heart diseases, liver issues, ulcers and blockages.
The complex elements of this specialty make billing a task that requires detailed guidance from experts of a radiology billing company. Only the proper coding and billing will support the revenue cycle management of the healthcare providers. But choosing a radiology medical billing company can have some challenges of its own.
If you are a radiologist and want to take away the hassle of medical billing, here are the things to keep in mind while choosing a radiology billing company:
Key features to Choose a Radiology Billing Company
· Expertise in Your Domain:
It is possible that the company you choose for your medical billing is not familiar with this specialty. As a service receiver, it is imperative to ask enough questions about the expertise of the billing company. The codes used for special services are different from the generic codes and your billing partner must be aware of those codes to avoid inconveniences in the revenue generation.
· Cost of Services:
The cost involved in the process of billing is a genuine concern for some health practitioners. The best companies are not the ones that offer services at very low or very high prices but are ones that justify their pricing policy. A detailed inquiry into the basic charges and the hidden costs should be done followed by information about authorized concessions. Look for companies that offer fair prices for radiology billing services.
· Assessment of Reputation:
This world is full of deceiving people. It is not unusual to come across an ambiguous radiology billing company that can hamper your time and money. Hence the best advice would be to choose and assess carefully. Find out about the reputation of the company through the reviews and cross check with other doctors who have availed radiology billing services.
· Less Responding Time:
Most of the service providers want to retain their clients. A good radiology billing company will take special measures to be accessible by being quick in responding to the concerns of the client. This can be a determinant factor in deciding if it is okay to continue and return again to the same billing partner.
· Compliant with HIPAA:
Hiring a third party for the settlement of Insurance revenue would mean that you have to share personal details of your patients. To secure valuable information about your patients you must choose a company that is HIPAA complaint. Health Insurance Portability and Accountability Act (HIPAA) is responsible for safeguarding the interest of the customers by protecting their data from getting misused by falling into the wrong hands.
· Handling Denied Claims:
There are high chances that insurance claims get denied even if a professional team is handling the overall process. Thus, make a responsible decision by choosing a company that handles the rejected claims to be safe from loss of revenue. The right question to ask in this case is if the billing company revises and resubmits the denied claims. You should reject a company if its rate of denied claims is high in volume.
In Conclusion
It is difficult to find a medical billing partner that provides all these features for the domain of radiology. But one such company that can end your search is Eminence Healthcare Services.
Eminence Healthcare services will help you optimize your workflows, lower denials, and reduce errors in claim processing by using an analytics-driven business approach. We will significantly improve your revenue generation capabilities by streamlining your back-end processes.
