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With more than 200 types of cancer to diagnose, treat, and manage, oncologists carry the immense burden of providing exceptional and individualized care to their patients. However, this is not the only load that weighs them down. Their clinical responsibilities are coupled with administrative work, such as documentation and insurance claim submissions, leading to high burnout and turnover rates.
So, is there any respite for the oncologist workforce in sight? Yes! NeuraBill’s tailor-made oncology medical billing services! Our complete suite of oncology revenue cycle management (RCM) includes medical billing and coding so that error-free claims for complex oncology procedures can be filed on time. By transforming denials into dollars, we boost your practice’s profitability
Entrust to bust the billing blues! The oncology billing landscape is our home ground. We know every inch of it like the back of our hand. Having spent years in the field, we now have a deep insight into the challenges that plague oncology practices’ revenue cycles. Be it the administrative burden or frequent denials, we are always a step ahead with risk mitigation strategies and precise solutions.
NeuraBill’s partnered practices receive unparalleled oncology medical billing support. We utilize our vast industry knowledge, skilled workforce, and cutting-edge technology to ensure compliance, clean claims, and consistent cash flow. By offloading the complexities of billing and RCM, we enable oncology service providers to render quality patient care.
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Oncology has one of the highest claim denial rates among all medical specialties. Around 16% of the oncology claims are denied. Here, we have a dedicated denial management team to resolve claim rejections and understand trends to mitigate denial recurrence.
Oncology involves using high-tech equipment and techniques to treat and manage cancer. Billing for these procedures requires complex coding, which is hard to master. Here, we employ AAPC-certified professional coders to take over oncology billing and coding.
Cancer treatments may span over months and require the involvement of various specialists. Payers often bundle several procedures into one to simplify oncology billing, which complicates coding. Here, our coders are well-versed in bundling rules and codes.
Many oncology treatment procedures and products require preauthorization from the insurance payer. However, waiting for prior approval delays patient care. Here, we file preauthorization requests in advance and diligently follow up to fast-track the process.
Errors while verifying patient coverage and maintaining documentation can lead to claim denials even when the service was medically necessary. Here, we carefully complete each step of the process to avoid coverage issues and missing/incorrect documentation.
Rules and regulations that govern the healthcare industry are ever-changing. Oncology practices are not immune to these intricacies. Here, we use multiple sources to stay informed on the latest regulations and tweak our processes for compliance and quality.
Break free from the CPT coding confusion! From cross-disciplinary care to bundled procedures, several factors complicate oncology medical coding. But now you don’t have to worry about acing code selection and confirming its correctness. NeuraBill’s comprehensive oncology billing services include CPT, HCPCS, and ICD-10 coding for accurate charge capture and reimbursement collection. No matter the code range, we got it!
Many among the country’s 1,600+ oncology practices have trusted us with their billing and RCM needs. The reason? Staying true to our word, we harness remote operability to provide customized, compliant, and cost-effective oncology billing and coding services in every part of the country. Transcending state boundaries and time zones, our medical billing support for oncology practices is available at all times, be it rain or shine.
Whether you are a surgical oncologist removing tumors in Pittsburgh in the east or a radiation therapist destroying cancer cells in Roseburg in the west, outsource oncology billing to us for an improved bottom line.
Our all-inclusive oncology medical billing services are the ultimate solution you need. The package is designed to tackle every oncology revenue cycle management problem, including billing and coding, that your practice may be facing in its pursuit of financial success. From provider credentialing to payment posting and data analytics, we handle everything with utmost precision for our partnered oncology practices.
At NeuraBill, we understand that the healthcare industry is heavily regulated, and this complexity extends to oncology billing and coding. Oncology billing companies must stay up-to-date with the latest government regulations and payer policies to avoid instances of non-compliance and mitigate payment denials, audits, and heavy penalties.
For this reason, NeuraBill’s processes are closely monitored for compliance and regularly revised to incorporate the latest changes. We are 100% HIPAA-compliant and ISO 9001-certified.
Practices that outsource oncology billing experience revenue increases up to 15% and are better prepared to avert unexpected financial setbacks. They have a competitive advantage in terms of instant access to specialty-specific expertise, cost-effective solutions, and technological capabilities. So, if you are looking for these perks without the hassle of setting up an in-house billing department, outsourcing oncology medical billing and coding is the best option for you.
Practices that partnered with us for end-to-end oncology RCM and medical billing witnessed significant improvements in their cash flow within 90 days of onboarding. We use a targeted approach to streamline insurance billing, maximize collections, and recover aged accounts receivable for our clients.
