Posts

Showing posts from September, 2024

Neurology Billing Services | QWay

Image
Neurology Billing Neurology billing involves the submission and reimbursement of medical claims for neurological services, such as those provided by neurologists and neurosurgeons. It encompasses the detailed submission of claims to insurance providers, monitoring payments, and resolving any associated problems. Timely and precise neurology billing is crucial for securing appropriate reimbursement and facilitating the uninterrupted delivery of medical services.  Neurology Coding Neurology coding involves assigning standardized codes to medical procedures and diagnoses associated with the nervous system, encompassing the brain, spinal cord, and nerves. Precision in coding is essential for tasks such as medical billing, insurance reimbursement, and statistical analysis. This process relies on utilizing the CPT , ICD -9/10, and HCPCS code sets, managed by the CMS and the AMA , respectively.  We specialize in improving revenue, ensuring accurate claim submissions, and preventing...

Top Strategies for AR Management in Medical Billing

Image
Accounts Receivable (AR) in medical billing is critical to a healthcare practice's financial stability. Efficiently managing AR is not just about collecting payments; it's about maintaining a steady cash flow, minimizing delays, and preventing revenue loss. Effective AR management directly impacts a practice's ability to stay profitable and thrive in a competitive healthcare environment. In this blog, we’ll dive into the top strategies for managing accounts receivables in medical billing. Let’s get started! Understanding Accounts Receivable in Medical Billing Accounts receivable in healthcare (AR) refers to the payments that a medical facility, such as a practice or hospital, is owed. This includes unpaid bills from patients and reimbursements from insurance companies. The AR process starts when a healthcare provider issues a bill to a patient or files a claim with an insurance company. Once the patient settles the bill or the insurance company processes the reimbu...