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Discover how to overcome top AR challenges in imaging center billing errors. Learn more about our solutions today!
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Actionable Tips to Increase Imaging Center Billing Accuracy
Diagnostic imaging services have a high level of compliance and regulatory burden. Often due to the inexperience of imaging center billing professionals, these providers lose a significant chunk of their revenues each year.
Industry surveys suggest that the average imaging center is able to recover only 78% of its billed amount. This loss of revenue is a direct result of errors and inefficiencies in imaging centers’ billing processes.
There are numerous ways to reduce billing errors. However, most of these methods are expensive and cause too many disruptions in imaging center billing operations.
Therefore, to help imaging centers increase their billing accuracy by implementing inexpensive operational changes, we will discuss a few tips on how to improve the billing accuracy of imaging centers.
Let’s start.
3 Tips to Boost Imaging Center Billing Accuracy
1) Implement checks after every billing stage:
There are roughly five to six stages in the imaging center billing process. There could be fewer or more steps if stages are grouped or broken down. Successful completion of each of these stages relies on accuracy and timeliness. They are also prone to errors, so it is important to double-check every document and information before moving over to the next stage.
2) Maintain detailed but concise SOPs:
Standard Operating Procedures help organize information and make it easily accessible. Having detailed case-specific SOPs enables medical billing professionals to clarify queries and ensure accuracy and completeness.
3) Carry out audits regularly:
Regular audits are essential in gauging the overall performance of billing operations. They also help pinpoint, regular sources of errors. These insights can help make decisions on corrective measures to cut down on errors and boost accuracy.
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All these best practices help minimize errors and improve billing accuracy. Apart from the three tips mentioned above there’s more that can be done to fine-tune operational processes. Some of them include adoption of claim scrubbing tools, computer-assisted coding systems, and outsourcing billing operations to expert medical billing companies.
Which of the alternatives mentioned above will be suitable for an imaging center will depend on the specific requirements and available resources of the healthcare provider.
To learn more about how to optimize imaging center billing operations or for more details about our best practices, please contact Sunknowledge Services Inc., a HIPAA-compliant healthcare revenue cycle management organization serving US healthcare providers and payers since 2007.
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