Identifying Leaks in Your Revenue Cycle

Overview:

To a physician, the revenue cycle is the most important aspect of the practice. To offset reduced reimbursement rates, it must work perfectly. During this workshop we will discuss proven methods for identifying and eliminating weaknesses within your revenue cycle. In today’s environment, denials, write-offs, and collection time all reduce the efficiency and profitability of the practice.

From the initial patient contact to the collection of the last allowable dollar, we will share proven ways to make sure that every scheduled appointment has a reimbursable value, reducing not only wasted valuable provider time but also loss of revenue.

This Workshop Will Help You:

• Learn why following common appeals practices could cost more than $150,000 per physician annually
• Learn how to classify new vs. established patients in order to legitimately capture thousands of dollars of unclaimed revenue and maintain compliance
• Find out why denied claims lose value every day they are not actively worked
• Learn how to identify undercharging and correct it
• Learn proper use of modifiers to reduce claim denials
• Link services and procedures to capture missing charges
• Take home tools you can use immediately to capture billable supplies and non-physician services
• Learn streamlined methods to work and appeal denied claims

Author:

Cynthia Stahl is a past president of the Central Indiana chapter in Indianapolis and has 18 years of experience in the medical profession, developing a broad base of experience in the practice setting while holding the positions of consultant,practice manager and senior coding specialist. She is the lead instructor of Medical Billing Curriculum at MedTechCollege in Indianapolis and provides medical coding and billing instruction as a writer and research assistant with Elsevier publishing. She also serves on the AAPC’s NAB.