Top Medical Oncology Coding & Reimbursement Methods That You Must Know
- October 3, 2016
- Posted by: Thomas Anderson
- Category: Oncology Solutions
The constant evolution in US healthcare is posing serious challenges for oncology service providers. There are enormous changes being witnessed with ICD-10 coding making things more specific. The oncology coding & reimbursement needs are different today. Correct use of ICD-10 CM & HCPCS level II comes with a complete understanding of the payer side process.
A lot of companies are providing competitive solutions in healthcare revenue cycle management. Outsourcing has evolved as an effective solution for the providers to get access to quality claims submission process. Especially in medical billing with oncology, a lot of quality with better denial management is the need of the hour!
The RCM companies understand the tricks of the trade with advanced understanding of the practice management process. They implement a sound methodology and the resources upgrade the entire accounts receivable needs. The coders are also helped immensely with a robust process of evaluation and training giving them a business edge.
A lot of coding becomes better with constant learning of the new trends. The companies provide better coding metrics with all the critical aspects of nuclear, radiation and surgical oncology. Also management of sensitive information is done with complete HIPAA compliance.
The mandate is loud & clear! To achieve better transparency in billing needs, providers are looking for active partners that will streamline it. The companies detail out the basic needs of account management by focusing on aging accounts. It gives the claims a better clarity that helps in securing reimbursements from insurance companies. Also, it elevates a practice‘s relationship management with respective payers by involving expert intervention in oncology coding.