Are you looking for a sole mate in success? We might be just what you need. Our premium podiatry billing services offer the precision you seek in your medical billing workflows. Let’s step into glory!
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Podiatry is a unique medical specialty with specific billing challenges and nuances. Diagnosing, treating, and managing foot and ankle conditions and disorders requires specialized procedures that are often difficult to code and bill. Industry estimates suggest that podiatry practices can lose up to 20% of their revenue due to coding mistakes alone, affecting their overall financial stability.
At NeuraBill, we have designed our podiatry billing and coding services to step up your collections so you can walk confidently into a prosperous financial future. Our skilled and certified workforce provides end-to-end podiatry revenue cycle management (RCM), including coding and billing, to not just keep your practice on its feet but send it running toward a healthier bottom line.
Each step of our podiatry billing and RCM is designed to help you reach your end goal. Your success is our success, and that is why our comprehensive podiatry billing solutions go beyond claims submissions to unlock your practice’s full earning potential. With a keen eye on unpaid claims, we streamline your podiatry billing and coding to maximize operational efficiency and boost cash inflow.
The NeuraBill team, comprising certified coders and podiatry billing experts, works tirelessly to secure your practice’s financial growth and stability. We, the revenue makers, are trusted for our podiatry billing expertise, complex coding capabilities, online system security, and enhanced communication efficiency. From quick fixes to future-proof strategies, our premium podiatry billing services encompass all.
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Claims filed for routine foot care, like nail trimming, are typically denied because of coverage issues. However, at NeuraBill, our podiatry medical billing team is adept at proving the medical necessity of routine foot care procedures for claim acceptance.
From bunionectomies and repairs to nail debridements and orthotic fittings, podiatry CPT codes cover a range of procedures. Add to that intricate modifier rules, and you have easily messed up coding. However, our AAPC-certified coders proficiently handle all.
Coding systems, government regulations, and payer policies are frequently revised in alignment with healthcare innovation. This can keep podiatry practices on their toes, triggering non-compliance. Our podiatry billing team stays abreast of these changes.
Comprehensive documentation is your best defense against claim denials. It helps support the medical necessity of services, procedures, and items. At NeuraBill, we maintain detailed documentation on Cloud storage and submit it with claims as evidence.
Many podiatry treatments not included in the standard fee schedule or are experimental require prior approval from payers. This delays patient care. At NeuraBill, we proactively send pre-authorization requests and fast-track the process to ensure timely care.
The denial rate for podiatry Durable Medical Equipment (DMEs) is higher than the average for other specialties. Billers fail to prove their medical necessity. However, our podiatry billing team has cracked the code. We submit clean claims for podiatry DMEs.
In medical billing for podiatry, Current Procedural Terminology (CPT) coding and modifier usage are considered the pillars on which the entire podiatry RCM stands. Precise coding ensures compliance and accurate claim submission, which guarantees fair and faster collections. At NeuraBill, we have mastered the language of insurance billing. Our seasoned, AAPC-certified coders consistently convey accurate information every time.
Nearly 4,500 podiatry practices in the U.S., and we are the chosen billing partner of many. The reason? We understand that 96% of these are small practices with five or fewer physicians. As the staff is limited, juggling specialized patient care with billing operations becomes overwhelming for these physician-owned podiatry practices. That’s precisely when we step in to act as an extension of their teams.
Our podiatry medical billing services are available from coast to coast, offering tailored credentialing and billing support to podiatrists when they need it the most. With our podiatry medical billing and coding expertise, you can put your feet up and relax!
We offer our proud partners a full suite of podiatry medical billing services. Based on their practice’s needs, they can cherry-pick the services, and the fee schedule is adjusted accordingly. From provider credentialing and podiatry billing and coding to denial management and monthly reporting, we offer everything tailored to your practice’s size and needs.
At NeuraBill, we have adopted a compliance-first culture. Unlike average podiatry billing companies, we have made compliance a part of our workflows. Our dedicated compliance team monitors industry shifts and changes in regulations and payers' policies with an eagle eye. Even the slightest of amendments in laws governing the healthcare industry are carefully studied, and workflows are revised to reflect those changes. So, rest assured that NeuraBill’s podiatry billing and coding services are 100% compliant, and our HIPAA and ISO certifications are a testament to that.
Do you struggle with filing claims on time? Are your claims returned with denial codes? Is the piling paperwork leaving you burned out? If you answered yes to all these questions, then it is time to outsource podiatry billing to industry specialists.
Studies have shown that outsourcing billing can result in up to 30% cost savings. You save time and money on hiring staff, equipping them with the right tools, and setting up a separate office. Whereas a company that offers podiatry billing solutions has everything you need in place and only charges a small percentage of your monthly collections.
The time it takes to notice improvements in podiatry RCM and billing can vary depending on several factors, like your current billing workflow and revenue cycle, the podiatry billing services that you opted for, and the payers’ response time. Generally, our clients can notice improvements in clean claim filings and patient statements within 1-3 months. However, a reduction in AR days and improvements in collection ratios can be witnessed within 3-6 months.
Medicare and most commercial insurance payers do not cover routine foot care, like nail trimming and callus removal. However, any service that is medically necessary and has sufficient documentation to prove it will be covered by insurance, given that the podiatrist is an in-network provider. We suggest opting for Medicare Plan B to secure coverage for podiatry services.
