Did you know that approximately 35% of all orthopedic surgery claims are processed incorrectly by commercial carriers? That’s not all! Over 25% of medical claims are rejected, out of which 15% are never resubmitted. As a result of preventable billing errors, orthopedic providers are leaving billions of dollars of revenue on the table annually. To add to these complexities, CMS is also making some significant shifts, many of which have a deep impact on orthopedic billing practices. It is therefore critical for your organization to keep internal knowledge and practices up-to-date through efforts like training and education.
We understand that the constantly changing regulatory environment might be too much for you to keep up with in-house. Consider accessing the knowledge and resources of an outsourced orthopedic billing services partner such as 3Gen Consulting to help you implement efficient billing processes, improve reimbursement and maintain a healthy cash flow.
Increased Savings
Managing orthopedic billing in-house can be expensive. Cost savings is one of the primary motivators that drive providers towards outsourcing. With our help, you get the benefit of availing high-quality orthopedic billing services at low costs. With these cost-effective services, you can eliminate several overhead costs such as salaries and benefits, technology, hardware and training and significantly improve reimbursement.
Reduced Errors
Even with all the shifts in orthopedic services, accurate billing and coding will always be key to maintaining healthy practice revenues and maximizing reimbursement. A lack of orthopedic claim documentation and inaccurate coding can be a contributor to billing inefficiency and reduced compensation. With our experience, we devise strategies and processes to streamline your operations and improve accuracy.
Skilled & Experienced Resources
Healthcare providers are struggling with blows to their reimbursement simply because it’s challenging to find enough qualified professionals to get their claims out the door efficiently. We provide you with access to skilled and experienced professionals, including subject matter experts in the form of account managers, who the deliver results you need.
Accelerated Cash Flow
Not only does outsourcing to us help you save costs; we also help accelerate your revenue through timely claims submission and increased reimbursement. There’s no doubt that your orthopedic practice will improve its profitability.
Improved Patient Experience
Handling your billing in-house requires a lot of time and effort. Time and effort that could be directed towards your core expertise – patient care. Let us focus on your financial health, while you get to focus on your patients’ health.
Eligibility Verification & Prior Authorization
Orthopedic Medical Coding Services
Orthopedic Medical Billing Services
Accounts Receivable & Denial Management
Credit Balance Resolution
Clinical Documentation Improvement
