5 Questions to Ask Your Orthotics Billing Partner

Today when resources are either limited or expensive or both, and most Orthotic/Orthopedic providers are looking for alternative solutions to make their billing tasks easy, outsourcing Orthotics billing emerges as a highly viable proposition. Finding an appropriate Orthopedic billing partner to partner with is crucial and can be a game changer for many Orthopedic practices looking to effectively navigate the intricacies of revenue cycle management.

So what are the foremost questions that you should ask before choosing an Orthotics billing partner? Here are 5 to get you started.

1. What is the success ratio of managing Orthotics billing seamlessly?
   Ans. Orthopedic practices frequently encounter intricate cases involving multiple procedures, surgeries, and follow-up care. This is why one should know if the billing partner possesses the expertise and resources to manage complex orthopedic billing cases in all their usual diversity.
2. How do you ensure compliance with billing regulations?
   Ans. Compliance with healthcare regulations is paramount to avoid penalties and safeguard your practice’s reputation. In the wake of the recent security issues with Change Healthcare, one should pay more attention when it comes to data security and more. In fact, adhering to strict compliance protocols and remaining updated with HIPAA, Medicare, and other regulatory requirements is a must while choosing your RCM partner.
3. What technology do you use for billing and reporting?
   Ans. Efficient billing and reporting systems are crucial for optimizing revenue cycle management and for all stakeholders to stay up-to-date on the billing operation. This is why it is advised to employ advanced billing software and technology platforms tailored to the specific needs of Orthopedic practices.
4. How do you handle denials and revenue leakage?
   Ans. Denials and revenue leakage can significantly make or break a practice’s financial health if not addressed promptly. This is why one should always choose a partner who utilizes proactive denial management strategies to identify and resolve issues before they escalate.
5. Do you have dedicated resources?
   Ans. One of the major concerns for most of Orthotics providers is not finding dedicated billing support. Having dedicated resources to cater to only your billing needs can help you with faster billing transactions, fewer errors and an improved outcome. Take Sunknowledge, for example. We are the only RCM destination known for delivering tailored solutions with no ‘shared resources’, only at $7 an hour.

Sunknowledge: The Ultimate Orthopedics Billing Partner

Catering to all your Orthotics billing needs, our team of specialists possesses extensive expertise in Orthopedic billing and coding, ensuring precise coding, timely submission of claims, and optimal reimbursement, along with various other advantages. Through the utilization of advanced technology and proactive denial management strategies, we assist Orthopedic practices in streamlining their revenue cycle, minimizing revenue loss and helping to attain financial stability in a very short time.

In short, taking care of all your concerns like navigating complex coding scenarios, making appeals and managing denials, guaranteeing proper reimbursement for all DMEPOS equipment and services rendered, we help take your practice to the next level of efficiency and profitability. We also conduct regular audits to pinpoint potential compliance issues and promptly implement corrective measures. Streamlining your billing processes and providing real-time tracking of the status of every claim, our billers generate comprehensive reports to help you monitor their performance. We also conduct thorough analyses of denial trends, implement corrective actions, and appeal denied claims to maximize reimbursement for our clients. If you want a truly seamless Orthotics billing support that sets you free to attend to your patients rather than spending time at the billing desk, contact us today for a custom action plan.