Losing your Revenue? Avoid these Medical Coding Mistakes

Keeping tabs on each and every client, spending hours on medical coding services, and striving to get back the lost money on denied claims, medical billing companies do everything in their power for what? To generate profits for them as well as their clients.

However, the bitter truth is that many medical billing companies, today, are facing huge revenue losses due to factors like compliance controls and self-pay. The best solution to avoid revenue losses and enhance business operations would be to outsource medical coding services to a reputed offshore medical billing company. Let’s take a look at its pros:

Unsurpassed Medical Billing

One of the prime reasons for claim denials is erroneous coding. If this problem is eradicated at the very beginning, then there will be less denials leading to better revenue generation. Offshore vendors can manage this issue systematically with their exceptional medical coding services. They have highly-skilled and certified professionals who ensure accurate medical billing and coding. Finally, a quality assurance team makes sure that the claims posted are error-free.

High Data Security

Patient data security is very important as even a small breach could impact the reputation as well as the revenue generation of a medical billing company. Most reputed offshore vendors, these days, have HIPAA compliance and possess twin ISO certifications such as ISO 9001:2015 for operational processes; and ISO 27001:2013 for ISMS (Information Security and Management systems). These certifications ensure greater levels of security during patient data transactions.

Global Standards

Medical coding has become a herculean task with the inclusion of over 200,000 codes due to the ICD-10 implementation. Since there was not enough time to train the staff on the new coding techniques, the revenue cycle management of several medical billing companies got affected badly. However, reputed offshore vendors, with their well-trained coding technicians offer exceptional medical coding services such as ICD-9-CM, CPT-4, HCPCS coding, ICD-10-CM, and ICD-10-AM. These services are in par with the global standards, so medical billing companies can concentrate on other core operations while outsourcing the rest.

Tailored to Needs

Outsourcing to an offshore vendor doesn’t mean replacing the entire in-house staff. It is just like including an additional team that enhances the business operations of a medical billing company. Different clients have different needs! Offshore vendors understand this concept very, so they provide tailored medical coding services to their clients. Medical billing companies can choose from the varied options offered by offshore vendors and customize their business operations as per the requirement. Hence, they can have complete control over their business and keep revenue cycle management streamlined. 

About e-care India:

To garner great returns and ensure efficient business operations, outsource medical coding services to E-care India. This eminent offshore medical billing company in India has 3 delivery centers to provide disaster recovery and business continuity options. With over 15 years of experience in the medical billing field, e-care has been providing unparalleled medical coding services to its clients. It is HIPAA compliant and has twin ISO certifications to ensure top-notch patient data security. To know more about e-care and its services, log on to www.ecareindia.com.