How to Make Sure That Your Anesthesia Billing is on Track
Being in charge of anesthesia billing is a great responsibility. From the moment when data capture starts until the medical coding ends, there is a lot of information to record and keep track of. Your anesthesia billing process needs to ensure that the right codes to send to each payor and avoid costly mistakes if you are not up to speed on the current regulations. If your anesthesia billing process is not running smoothly, it may be off track and needs to be looked at more closely.
That’s why, to keep your anesthesia billing on track, you should have an anesthesia billing expert conduct an audit of your current processes. When you work with an anesthesia billing expert, they will know what data should be reviewed and analyzed as well as being up to date on rules and regulations of specific anesthesia billing standards.
When an audit is conducted, the below areas are key to ensure that your anesthesia billing stays on track.
Anesthesia Billing: Evidence
For keeping your billing on track, evidence is fundamental. Anything that is undocumented will be treated as if it didn’t happen.
Each line item you present in the overview of the procedure you performed as an anesthesiologist adds or subtracts from the amount billed in your billing statement, and appropriately tracking the line items ensures faster payment as well as accuracy.
Anesthesia Billing: Time Units
One of the unique factors in anesthesia billing is time units, so the anesthesia billing company must know the start and stop times rules for accurate submission.
The relevance of accurately noting time is to remain in compliance and avoid overbilling and red flags such as five-minute increments.
Any discrepancy in this part of your billing data could affect your overall revenue and lead to an anesthesia billing audit. That is why it is essential to stay up to date on what is allowed when it comes to billing for the anesthesia time increments.
Anesthesia Billing: Coding
Because the anesthesia billing process differs from other specialties, general medical billing software and certified general medical coders miss a big part of the anesthesia billing requirements.
It is imperative to understand the base units, modifiers, and time units that describe specific information in all the different anesthesia scenarios so that this data can be used correctly in the anesthesia coding process.
If your anesthesia billing department is using the wrong anesthesia codes or is not using the proper anesthesia requirements, then your anesthesia billing may be off-track and needs to be re-evaluated.
Anesthesia Billing: Follow Up
Follow-up is the last step in the process and continues to be of the utmost importance.
Once the claim form is sent to the appropriate payor, the expectation is to receive the payment. When this doesn’t happen, the billing company must follow up appropriately, often multiple times to answer questions and clarify the data.
The anesthesia billing company must review each line item on the insurance contract to ensure that they match completely when the claim is not paid appropriately.
If you are seeing a large number of claims that are not being paid fully and cause your amount in A/R days to lengthen, then you know that you need to get your anesthesia billing back on track.
Anesthesia Billing: Analysis
Tracking your claims and payments over time is an excellent opportunity to learn about the strengths and weaknesses of your anesthesia practice’s billing department.
Working with an anesthesia billing company that provides an analysis of your performance makes it easy for you to collect this information so that you only have to review the performance from time to time.
This way, you can clearly understand where your practice stands financially and take action to improve or expand your services.
Partner with an anesthesia billing company that can deliver robust reporting that provides an overview of practice finances and gives you the option to drill down into the details when there is an issue.
Keeping Your Anesthesia Billing on Track
You need to be cautious and accurate throughout each process in your anesthesia billing to raise your revenue over time and improve the quality of services your anesthesia practice offers.
Make sure you collaborate with an anesthesia billing company like Medi-Corp that has a high level of expertise in anesthesia billing and can fully understand what is needed and keep your anesthesia billing on track.
If you want to talk to an anesthesia billing experts at Medi-Corp about your billing process, contact us to set up a consultation at 877-684-9114 or visit our website at https://medi-corp.com/. We ensure that your anesthesia billing gets on track and stays on track.