Diversify Orthopedics Billing Practice to Increase Revenue

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Diversify Orthopedics Billing Practice to
Increase Revenue

• Medical Billers and Coders

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The term Healthcare Rationing by Hassle as
touted by some surgeons showcases the stress
caused by numerous changes in the healthcare
industry. Orthopedics practice like all others
feels the pressure of high costs, new ICD-10 code
concerns, low and delayed reimbursements,
declining margins, high deductibles,
insurance/payer policy amendments, regulations,
and other reforms. To combat this and survive,
orthopedics billing practice requires
diversification and streamlining to protect and
increase revenues. Verifying insurance coverage
of in-coming patients, double-checking the
patients demographics, file claims submission in
a timely manner, coding as distinctively as
possible, and outsourcing billing and coding can
certainly increase reimbursements.
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• Further Ways To Increase Revenues Are
• Investments In A Surgery Center
• Addition of Imaging Services
• Physical Therapists
• Electronic Systems and Practice Management
• New Technology/Procedures

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• Metrics
• Denial Analysis Report
• Claims Turnaround Time
• Physician Productivity
• AR Analysis
• Medical Coding Review Report

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Orthopedic doctors and surgeons must be
compensated appositely for the valuable service
they provide. Hence, billing and coding must be
done appropriately as these services are the
backbone of the revenue cycle and the means to
flourish in the unstable healthcare space.
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