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The coding and billing processes in radiology practices are often tedious as compared to the other specialities. Not only is there a high volume of examinations, but also the documentation requirements need to be very detailed and precise. A common observation is that the industry-standard denial rate for radiology practices is nearly up to 30% - this leads to the radiologists collecting just 79% of the revenue they've earned.  There are statistics which highlight the importance of taking steps to reduce the number of denials and write-offs. Even if the radiology billing services are outsourced, there are measures you can include in your practices to improve the financial outcomes.  ABNs are needed for a freestanding imaging centre.  The advanced beneficiary notice warns you and protects you whenever there is a possibility of payment denial for a procedure on the grounds of medical necessity. You must get ABNs on all mammograms and on obstetrical ultrasounds unless medic

Business networking clubs have revolutionized Companies, businesses, startups, and entrepreneurship endeavors. They create opportunities for building and establishing business relationships that are mutually beneficial for everyone involved. It brings together companies, clients, customers and exposes them to the various benefits and opportunities available. Through business networking clubs in lower Parel , you can reach out to potential target audiences and promote your business. When this is done, there is a high possibility of your potential market targets turning into customers. New relationships and business contacts: Business networking enables companies and entrepreneurs to have access to potential clients and chances of great referral for your business. It also helps you to build up your client base gradually. It creates better chances for joint ventures, Business expansion, and partnership Visibility: In order to set up a successful business, it i

To make your product or service popular gain share of mind, it's very important to promote it efficiently. It’s paramount to choose an advertising agency which has both the expertise as well as experience. To help you in your search the following criteria would help you find the right fit.  1. Experience While you select an advertising agency, it is vital to look into the number of years they have been in the industry. Not only does experience bring you new learning, but it also helps you understand what the clients are really looking for, which helps focus and save both time and money. 3. Clientele: To establish confidence in the early stages, you should inquire about the advertising agency’s current and past clientele. You will also be able to find out the kind of services they offer by looking into their past performances.  4. Attitude & Approach: The initial stages of communication and inquiry will provide you with a rough idea about the ad agencies’ attit

Medical Billing Services  need to be performed keeping one golden rule in mind, “If it’s not documented, it wasn’t done!”. For radiology centres, it is always true, where accurate reimbursement depends on precise documentation and coding. If radiology billing services  are not done correctly, besides the staff hours spent in reworking the claims and incorrect documentation, there will be money left on the table in the form of denials and underpayments. Below is a list of common mistakes in the Radiology Billing Process: 1) Improper Documentation Of The Actual Number And Specific Views In A Study: There are four different CPT codes for a knee examination, based on the number and types of views. If this is not documented properly, you may have to code to the lowest level to set things right. Not only should there be a list of the standard views for every examination, but also every action must be specified so that the medical coder can choose the right medical codes. For exam