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Hematology is one of the highest-paying medical specialties. However, the complex procedures involved pose a challenge for both healthcare providers and medical billers. We can’t do much about the complications in the clinical workload, but as NeuraBillers, we can handle the complexities of hematology revenue cycle management (RCM).
Our hematology billing solutions encompass every aspect of your revenue cycle, ensuring accurate coding for specialized procedures like flow cytometry, bone marrow biopsies, and blood transfusions. We offer a holistic RCM approach and expert medical coding, efficient claim preparation and submission, aggressive denial management, and thorough accounts receivable follow-up. By partnering with us, hematology practices can see up to a 15% increase in revenue collection.
Hematology medical billing is complex, and generalized solutions cannot yield good results. Proper revenue collection requires specialized expertise and an in-depth understanding of the complexities encountered during blood disorder coding. That’s precisely what NeuraBill offers. Our hematology billing experts are well-versed in complex blood-related procedures, laboratory tests, and services. So, accuracy and expertise are guaranteed.
But what makes NeuraBill a trusted hematology billing company? Our strength lies in our workforce. With a team of certified coders and billing experts, we can submit claims on time, reduce errors by leveraging tech-based systems, and enhance cash flow through proactive denial management. Moreover, we are always trying to improve our processes and remain compliant with regulatory changes. So, are you ready to trust our suite of hematology billing services?
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Hematology conditions often involve multiple organ systems and require coordination with other specialties like oncology and immunology. This complexity creates billing challenges when documenting concurrent treatments and establishing medical necessity.
Transfusion services and blood product administration require detailed tracking of product types and volumes. Each service component must be coded separately while maintaining compliance. We handle these complexities so you can focus on patient care.
Many hematology services require pre-authorization from the insurer. However, prior authorizations can be frustrating and time-consuming. But you don’t have to worry because our team handles the entire pre-authorization process, from submission to follow-up.
One of the primary sources of revenue leakage for hematology practices is claim denials. At NeuraBill, our hematology medical billing services include rigorous claim scrubbing and proactive denial management to identify and correct errors before submission.
Different payers have different policies for hematology services. Our hematology billing and coding team ensures that all claims meet payer-specific requirements, which leads to fewer claim denials, better revenue collection, and customer satisfaction.
Some blood procedures, like bone marrow transplants, can be expensive for both patients and healthcare providers. We meticulously review and submit high-ticket claims to the relevant payer to ensure they are processed correctly, minimizing the risk of denials.
Do you know what makes medical billing for hematology services particularly challenging? Complex CPT coding and justifying the procedural codes with relevant ICD-10 diagnosis codes. However, that’s not a problem for our billing experts at NeuraBill. With a deep understanding of blood disorders and their treatments, our team provides precise hematology billing and coding services.
Despite a thriving community of over 2,500 hematologists in the USA, blood banks, laboratories, and hematology units at hospitals struggle with billing complexities, late payments, and claim denials. But you don’t have to be one for them. With NeuraBill’s hematology RCM and medical billing expertise, you can free your practice from all the administrative burdens and focus on patient care.
In addition to our expertise, our nationwide presence means that we are equipped to serve practices in all 50 states. Whether you are a small clinic or a large medical center, NeuraBill’s high-quality hematology billing services can be tailored to your needs.
We manage your hematology practice’s entire revenue cycle. Our hematology medical billing services include accurate coding, claim submission, denial management, AR follow-up, patient billing, and reporting. We also handle credentialing and compliance.
Our hematology medical billing and coding team stays current with hematology-specific regulations through regular training and the use of advanced software. We perform routine audits to ensure all claims are compliant and meet quality standards, safeguarding your practice.
You should outsource hematology billing if you are experiencing difficulty keeping up with coding changes, delayed payments, high denials, or increased administrative costs. Our hematology billing services are designed to counter all these challenges with utmost efficiency so you can enjoy sustainable financial growth without investing in an in-house billing team.
Typically, our clients notice improvements in their hematology RCM within 60-90 days, depending on their current billing state. We act swiftly to streamline hematology billing and optimize our partnered practice’s financial performance.
