Emergency Medicine Revenue – When You Need to Optimize Now

Emergency Medicine Revenue presents a unique set of challenges for medical billing. High-volume and fast-paced Emergency Medicine encompasses elements of Primary Care, Diagnostic Testing, Evaluation and Management services, and Trauma services. Hence, medical billing for emergency medicine includes multicode surgical procedures and diagnostic testing. Documentation must be precise, and accurate coding and billing are critical. Recent changes to V-codes, late effects, traumatic seizures, and pain diagnoses are just some of the challenges medical billers face.

Since its inception, ebix, Inc. has provided emergency medical billing services to ER physicians nationwide. Our team of certified medical coders and medical billing experts will manage all aspects of your billing, ensuring you receive proper compensation for the services provided. The ebix, Inc. team will help you identify problem areas, such as the correct modifier application, and educate your practice on best-in-class billing practices and procedures.

Experienced Medical Billing Services get you more.

emergency medical billing revenue

It is essential to realize that the key to successful Revenue Cycle Management is understanding all your practice’s revenue sources. Hence, our team will help improve profitability by monitoring, measuring, and managing all aspects of your revenue cycle.

Indeed, the ebix team has excellent tools and experience. Hence, our Revenue Cycle Management solutions are in place to capture revenue from claims remittances, patients, and evidence-based data. So, collecting from all these sources will help secure your Emergency Medicine practice’s healthcare payments and make it more profitable.

 

Medical Billing Services for Emergency Medicine

  • Initial Credentialing is Free. Our expert staff reaches out to the carriers of your choice to obtain network status. Namely, accessible at a startup and a very reasonable fee per provider afterward.
  • Fee Schedule Analysis. Since we enter the allowed amounts from the network contracts obtained to track and uncover any improper reimbursements. We will help research appropriate change levels.
  • Workflow Consulting. Our management staff has over 100 years of combined experience. Therefore, we can advise you on the best practices to build a team and processes that ensure results.
  • Carrier Contract Advice. Consequently, there are pitfalls to avoid in contracts and situations that may cause you to choose non-network status with challenging carriers. We have additional expert resources to bring help when necessary.
  • Coding Expertise. Because the ebix team offers certified coding staff to “abstract” codes from provider documentation or review your code for accuracy and completeness. We offer Chart auditing services and provider/staff education. Our efforts result from additional revenue opportunities, compliance, and audit survival.
  • Fees based on Results. We don’t get paid until we’ve obtained reimbursement for you.
  • No Surprises. No additional charges for postage, claims, statements, or custom report/data analytics needs.
  • Fast Claim Submission. Your billing will be submitted promptly after receipt. Don’t suffer from delays or write-offs from inappropriate submissions.
  • Up to 10% Better Reimbursements.

Medical Coding Compliance for Emergency Medicine

By and large, medical billing begins with accurate and complete documentation in the medical record. Hence, coding is how your intellectual services and labor translate into a code used to bill insurance and document the value of your service. The ebix Emergency Medicine Billing Services team has a strong reputation as an expert in medical coding services.

Perhaps most noteworthy are the ICD-10 codes. The ICD-10 codes are currently the cornerstone of classifying diseases, injuries, health encounters, and inpatient procedures in morbidity settings. Because of this, the ebix, Inc. team has honed medical coding skills in Emergency Medicine and business processes to meet the needs of independent physicians.

Therefore, transforming a provider’s narrative or description of the disease, injury, and procedures into universal medical code numbers for the insurance claim is the fundamental purpose of medical coding. For this reason, our team of professional certified medical coders ensures higher reimbursement by properly aligning services with a medical diagnosis. Consequently, this doesn’t just assure proper payment. It will also minimize denials resulting from the incorrect association of diagnosis and procedure codes.

Data Analytics for Your Practice

Our financial reporting gives you the insight you need to address the root causes of charge issues, resolve process inefficiencies, improve coding compliance, and ensure the integrity of all claims. Therefore, Office Managers and Administrators can quickly review performance and trends, drill down into the data to analyze root causes by reason, evaluate payer performance, and the financial impact of claim denials.

Examples of some of the financial reports we provide (above and beyond the regular month-end reporting that gives details about charges, collections, and your AR) include:

  • Charge & Revenue Analysis – evaluate financial ratios versus MGMA benchmarks
  • Coding analysis – identify potential under, over, and incorrect coding scenarios
  • Procedure Analysis – analyze top CPT codes for cost-benefit analysis
  • Payer Reimbursement Analysis – assess which payers consistently slow up payments through unnecessary denials and “lost” claims.
  • Provider & Staff Productivity Analysis – evaluate provider and staff productivity based on the specific place of service, revenue, and RVUs
  • AR Aging Analysis – velocity of payments per payor and CPT, respectively

Minimize Medical Claim Denials for Emergency Medicine

Based on our experience working with physicians and healthcare organizations, we understand that the revenue cycle success starts at patient registration and continues throughout the claims cycle. Accuracy of patient demographics and financial information upfront results in reduced denials, fewer rejected claims and more occasional returned statements. Claim cleanliness is the critical component that stops the denial from origination, and the following parameters impact it:

  • Patient registration data quality
  • Prior-authorizations
  • Non-covered services and medical necessity management
  • Eligibility and benefits coverage
  • Clinical documentation quality
  • Coding
  • Claim editing
  • Payor rules & mandates