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http://www.medicalbillersandcoders.com
End to End Medical Billing Solutions


                              Are you filing claims and have one in every three rejected!

              • Filing claims has become more complicated as health insurers tighten eligibility requirements, and
                the chances of claims being denied have increased substantially
              • Hence when a claim is filed, there is a fair possibility it will be denied and most providers are
                struggling to balance their busy time schedules to implement additional care while filing claims

                                                        Industry Standards say…

                                   “Average rejected claim rate is reported at 30-33%”

                                   According to top ten biller’s investigation on all Healthcare
                                   provider’s the claims rejections rate is:

                              •    30% with Federal Insurance Payers
                              •    33% with Commercial Payers


                                   This rejection rate is observed in Podiatry, Pediatric, Allergy &
                                   Asthma, Dental and normally all specialties- if proper EDI or
                                   clearing house and payer set-up is not done


                                                      Why do claims get rejected?

                Claims may get rejected for just a simple mistake like – Inaccurate coding errors by untrained staff,
                change of address not supplied to insurer to something complex like – Medical procedure ruled
                “experimental” and not covered.

                Few reasons why claims get denied by insurance carriers:

                                       Ailment not being covered in the health insurance policy

                                       Procedure deemed medically unnecessary

                                       Incomplete documentation

                                       Improper claim form filled

                                       Claim not filed in time

                                       Pre existing disease which was not disclosed



                                               www.medicalbillersandcoders.com
                                               Copyright ©-2011 M.D.C.P. All Rights Reserved.
                                                                                                                Page 1 of 3
http://www.medicalbillersandcoders.com
End to End Medical Billing Solutions

                                              How does it adversely affect your practice?

                As far as possible steer clear of rejected claims as only one rejected claim can put your revenue
                behind, and bring on additional tasks like:

                                  Reopening patient’s folder – second review & research of the notes

                                  Claims to be compiled again

                                  Double checking of codes again to ensure usage of the latest codes

                                  Re- submission of claim

                                  Insurance carrier may also need to be contacted


                           Solution – Reading between the lines to increase your bottom line and revenue!

                According to most of the patient-advocacy organizations between 50 – 70% of disputes are resolved
                through initial appeals made directly to health insurers.

                However this could be rather time consuming and opting for outsourcing your medical billing claims
                to a third party partner could help you get rid of the hassles that a rejected claim can cause.

                Achieve the following benefits with MBC:

                              •    Considerable reduction in average rejection rate to less than 10%,
                                   due to reduced errors
                              •    Efficient handling of claims resulting in increase of approximately
                                   25% of your reimbursements
                              •    In house staff is hassle free of all paper work involving medical
                                   billing and in turn able to assist you in managing your practice
                                   better



                MBC’s expert Billing & Coding team will be able to efficiently handle your entire billing process,
                medical being their core process, besides providing updates about new rules and changes for each
                specialty.




                                                www.medicalbillersandcoders.com
                                               Copyright ©-2011 M.D.C.P. All Rights Reserved.
                                                                                                                Page 2 of 3
http://www.medicalbillersandcoders.com
End to End Medical Billing Solutions

                Medicalbillersandcoders.com has been assisting in revenue maximization for healthcare
                organizations through their revenue management model encompassing: Patient Scheduling and
                Reminders, Patient enrollment, Insurance Enrollment, Insurance verification, Insurance
                Authorizations, Coding and audits, Billing and Reconciling of Accounts, Account Analysis and Denial
                Management, A/R Management, and Financial Management Reporting. All this along with weekly
                reporting and consultancy ensures our physicians receive the revenue they deserve.




                                             www.medicalbillersandcoders.com
                                             Copyright ©-2011 M.D.C.P. All Rights Reserved.
                                                                                                              Page 3 of 3

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Are you filing claims and have one in every three rejected!

  • 1. http://www.medicalbillersandcoders.com End to End Medical Billing Solutions Are you filing claims and have one in every three rejected! • Filing claims has become more complicated as health insurers tighten eligibility requirements, and the chances of claims being denied have increased substantially • Hence when a claim is filed, there is a fair possibility it will be denied and most providers are struggling to balance their busy time schedules to implement additional care while filing claims Industry Standards say… “Average rejected claim rate is reported at 30-33%” According to top ten biller’s investigation on all Healthcare provider’s the claims rejections rate is: • 30% with Federal Insurance Payers • 33% with Commercial Payers This rejection rate is observed in Podiatry, Pediatric, Allergy & Asthma, Dental and normally all specialties- if proper EDI or clearing house and payer set-up is not done Why do claims get rejected? Claims may get rejected for just a simple mistake like – Inaccurate coding errors by untrained staff, change of address not supplied to insurer to something complex like – Medical procedure ruled “experimental” and not covered. Few reasons why claims get denied by insurance carriers: Ailment not being covered in the health insurance policy Procedure deemed medically unnecessary Incomplete documentation Improper claim form filled Claim not filed in time Pre existing disease which was not disclosed www.medicalbillersandcoders.com Copyright ©-2011 M.D.C.P. All Rights Reserved. Page 1 of 3
  • 2. http://www.medicalbillersandcoders.com End to End Medical Billing Solutions How does it adversely affect your practice? As far as possible steer clear of rejected claims as only one rejected claim can put your revenue behind, and bring on additional tasks like: Reopening patient’s folder – second review & research of the notes Claims to be compiled again Double checking of codes again to ensure usage of the latest codes Re- submission of claim Insurance carrier may also need to be contacted Solution – Reading between the lines to increase your bottom line and revenue! According to most of the patient-advocacy organizations between 50 – 70% of disputes are resolved through initial appeals made directly to health insurers. However this could be rather time consuming and opting for outsourcing your medical billing claims to a third party partner could help you get rid of the hassles that a rejected claim can cause. Achieve the following benefits with MBC: • Considerable reduction in average rejection rate to less than 10%, due to reduced errors • Efficient handling of claims resulting in increase of approximately 25% of your reimbursements • In house staff is hassle free of all paper work involving medical billing and in turn able to assist you in managing your practice better MBC’s expert Billing & Coding team will be able to efficiently handle your entire billing process, medical being their core process, besides providing updates about new rules and changes for each specialty. www.medicalbillersandcoders.com Copyright ©-2011 M.D.C.P. All Rights Reserved. Page 2 of 3
  • 3. http://www.medicalbillersandcoders.com End to End Medical Billing Solutions Medicalbillersandcoders.com has been assisting in revenue maximization for healthcare organizations through their revenue management model encompassing: Patient Scheduling and Reminders, Patient enrollment, Insurance Enrollment, Insurance verification, Insurance Authorizations, Coding and audits, Billing and Reconciling of Accounts, Account Analysis and Denial Management, A/R Management, and Financial Management Reporting. All this along with weekly reporting and consultancy ensures our physicians receive the revenue they deserve. www.medicalbillersandcoders.com Copyright ©-2011 M.D.C.P. All Rights Reserved. Page 3 of 3