Podiatry is an essential specialty that provides relief to patients suffering from foot or leg disorders. Sadly, many insurance providers view podiatric treatments as elective procedures rather than medical necessities. If medical billing denials have cut into your revenue, ensuring accurate billing and coding may improve your bottom line. You need the experts at ProMD Medical Billing.
Coding and medical billing for podiatry require an in-depth knowledge of this specialty and best practices. Our experienced team understands what it takes to get insurance companies to pay claims. We can streamline your business, reduce claim denials and increase revenue with unique solutions for your practice.
It's time to outsource your podiatry medical billing so that you can spend your time doing less paperwork and more patient care.
Medical billing is the backbone of your podiatry practice's revenue cycle. This process manages payments and reimbursements for the services you provide. While medical billing workflows are similar across specialties, how claims are processed varies.
As a podiatrist, you diagnose and treat a multitude of foot and leg conditions, including injuries, defects and diseases. Each nuanced decision you make translates to a specific code. Understanding the variety of codes and assigning them correctly is essential. Otherwise, you risk costly claim denials. Your practice undoubtedly treats older adults as well, complicating billing procedures as Medicare requires meticulous use of modifiers.
Precision and a clear understanding of the most current medical coding standards are essential to your podiatry practice. That's why many providers outsource their medical billing.
Whether you experience denied medical claims or your in-house team struggles to keep up with changing insurance details and coding updates, ProMD Medical Billing understands the complexities of medical billing for podiatry. We familiarize ourselves with the latest billing standards and can guide your practice toward a more streamlined and efficient billing cycle. With more revenue and fewer claim denials, your practice is free to focus on the essentials.
Let's discuss some of our core medical billing services for podiatrists.
From mycotic nails to loss of foot sensation, coding for podiatry requires an in-depth knowledge of the services you provide and the individual codes and modifiers. The accurate submission of these codes determines whether or not you get timely reimbursements for your services.
Our expert team of certified billers and coders stay updated on all podiatry guidelines. That dedication means an optimized first-pass rate and less risk of claim denials. We work with providers of all kinds to ensure accurate record-keeping. Our coding process is precise and compliant with the latest CPT, ICD-10 and HCPCS standards.
If claims are denied, we will provide timely follow-up to secure payment for your practice.
Would you like to see your practice run as efficiently as possible? We can help. We offer practice and billing assessments to streamline financial and business processes for medical practices.
The first step is a thorough evaluation of your current system. We carefully evaluate and identify inefficient processes systematically. This data is especially useful to podiatry practices because claim submission and denial management play a significant role in your overall financial health.
We then offer actionable improvement solutions that will increase your efficiency and profits.
Credentialing is a time-consuming task. ProMD Medical Billing will help you gather all the necessary documents, assess them for accuracy and assist you in submitting your CAQH application.
We also offer contracting services. Our team has established industry ties with leading health insurance companies. We can help negotiate contracts so that you get your desired rates, creating long-lasting and beneficial relationships with insurers and payers.
Your in-house team is in the business of caring for patients. Let us handle the billing and coding. When you outsource these services to ProMD Medical Billing, we put our in-depth podiatry billing and coding experience to work for you. The result is a competent and stress-free revenue cycle management process.
Choosing our expert team offers undeniable benefits:
Your podiatry practice runs on accuracy and precision. Your billing cycle should do the same. Contact ProMD Medical Billing to learn what our team of billing and coding experts can do for you.