Client delivarables in Medical Coding at Mediscribe
Intense research and correct codes helped achieved significant increase in revenue.
|Service Type Offered||Medical Coding|
|Practice Management Software||Kareo|
A prominent Diagnostic Laboratory from Tennessee specializing in drug screening was in a fix. Their existing billing vendor was unable to increase their collections.
Business Issues and challenges
- The client came to us with major issues with collections.
- The collection was a mere $60, 000/-per month.
How did we turn it around?
- When we did a detailed analysis, we realized the bottleneck was coding
- A number of incorrect codes were used and under coding issues were identified.
- We dedicated a team of coders to research and identify the most appropriate codes.
- The coders worked hand in hand with our billing team and the account manager. Together they were able to achieve significant increase in the claim paid.
- Claims were filed with the new codes, a significant drop in denials was observed.
- The newly researched codes with which the claims were filed led to increased revenue collections.
- The revenue collections which was stuck at $60,000/- was more than quadrupled to $2,50,000/- within 3 months.