What’s medical billing got to do with world series baseball more than you think
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Transcript of What’s medical billing got to do with world series baseball more than you think
What’s Medical Billing Got to Do With World Series Baseball? … More than you think.
When a batter swings and misses the ball, it’s a strike. Three strikes, is an out.
Once a claim is denied, a biller usually gets three tries to appeal the decision. If those three tries are unsuccessful then you are “out” your reimbursement.
If a runner knows the ball is coming and he might be out, he slides to
miss the tag.
A smart biller is aware of codes that may be denied and will obtain a pre-approval from the payer.
First Base- Real Time Eligibility
Verify patient
coverage before rendering services.
How does your medical practice $core? With Iridium Suite Practice Management Software
Check it out: www.iridiumsuite.com
Third Base- Electronic
Claims
System monitors response by payers to
quickly identify rejected claims and provide
proof of timely filing.
Second Base- EHR data transfer via HL7 imports charge data
eliminating manual entry. All charges are scrubbed against CCI edits and other customizable coding rules to produce clean claims.
Home- Payments received and ERAs are
automatically adjudicated with little user interaction.
PATIENT ROSTER
Payer Response
Date Details
Accepted
Rejected
Important Stats: In baseball, “Batting 1000” is perfect and impossible. Monitor your claim collection
rates to ensure they are within the range of industry standards. Pitchers want the lowest Earned Run Average and you should strive to keep your
denied claims to a minimum as well.