Top 4 Tips to Improve Ambulance Transportation Revenue

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Top 4 Tips to Improve Ambulance Transportation
Revenue
Ambulance billing is made up of unique rules and
regulations governing the entire process. Deep
knowledge of the same ensures a smooth revenue
cycle enabling full reimbursement. Every year
brings with it a new set of regulations, also
bringing with it a significant change in the
process of billing. In order to make sure
continued compliance, it is mandatory for the
billers to stay updated with all the current
happenings that are liable of affecting the
billing and coding. Attending an emergency at the
same time ensuring complete and proper
documentation is crucial for Ambulance
Transportation service providers.   A dedicated
team for documentation and submitting claims can
be a great relief. The presence of an ambulance
billing manager can significantly assist in
evaluating the knowledge level of the staff which
if not adept, can prove detrimental to the
billing operation. Following tips can be helpful
in assuring no revenue loss and enhancing the
profitability of the service.   Tips to Improve
Ambulance Transportation Revenue 1. Record
Unusual Circumstances
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Top 4 Tips to Improve Ambulance Transportation
Revenue
Every detail, whether it should be mentioned on
the claim or not, must be documented. This could
include an equipment failure, or transport being
declined by the patient or the fact that on-scene
time was much longer than expected, etc. Such
unusual circumstances are rare, although the
plausibility of them happening cannot be
declined. In most organizations, mentioning these
in additional forms could assist in faster
reimbursement. 2. Complete Documentation Having
transitioned from paper to electronic
documentation, most EMS systems have proven
convenient for recoding data, however, could get
challenging while documenting services provided,
at the moment. It is important you are completely
aware of such systems and mention every piece of
information, rather than relying on mere memory.
Attending to the patient may need you to fill in
details post the treatment, which may end up in
some missing details. Hence complete
documentation is crucial. 3. Days to
Payment Commercial payers pay forty-five days to
post the date of service whereas Medicare pays
fourteen days after a claim has been received
electronically. It is imperative you have a sound
process of follow-up in place, thus helping in
having your payments received on time.
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Top 4 Tips to Improve Ambulance Transportation
Revenue
4. Avoid Compliance Risks There is great
variation in the commission rates and Ambulance
Service providers must be cautious of the rates
that seem visibly good. Most EMS providers do not
actually check the patient chart and instead rely
on an electronic interface for specific fields to
be prepopulated which may cause compliance
risks.   Ensuring the collection of every dollar
for Ambulance Transportation is vital for a
profitable service. Being able to reach the
patient on time and also ensuring errorless
documentation is both critical for timely and
complete reimbursement. Medical Billers and
Coders (MBC) is a leading outsourcing medical
billing company providing complete revenue cycle
services. To know more about our Ambulance
Transportation billing services, contact us
at info_at_medicalbillersandcoders.com/888-357-3226.