Billing Environment Assessment & Recommendations for Medical Practices
When you’re considering changes into your radiology or imaging center billing department, there are a multitude of concerns you have to think about. You may not be ready to fully outsource your billing operations just yet, but still understand the benefits of doing so. Having to both manage the technology and the people can be taxing on your practice or tie up resources that might be better allocated to other areas of the business. Canopy Partners has developed a unique solution that takes the best of both the in house and outsourced billing models and combines them. The Canopy Partners team offers a healthcare revenue cycle assessment as a consulting engagement. During the assessment engagement Canopy Partners provides the following services:
- Technical Billing Assessment
- Workflow Assessment
- Findings and Recommendations
Examples of Scope of Services Includes:
Analysis of Billing Metrics - A full analysis on the major billing metrics will be examined and comparison made on where most practices fall. We take a close look at collections per procedure along with procedures per FTE. This will show if the operation is efficient.
Coding Accuracy Check - We will check CPT & ICD-10 coding accuracy and exploring missed opportunities.
Contract Variance - A check on contract variance showing whether you were getting paid according to contract.
Denial Management - Canopy will take an in depth look at certain denials and providing feedback on missed opportunities
Best Practices, Feedback, and Action Plan - At the conclusion of the assessment you will receive a complete report.