Millennium Medical Billing provides expert medical billing services for orthopedics and Practice Management to help navigate and operate the ever-changing insurance payment rules and regulations along with establishing the necessary revenue cycle management protocols for maximum allowable reimbursement for your Orthopedic Practice.
Orthopedic Contract Negotiation
Payer contract negotiations, evaluation, and renegotiations are very critical to every Orthopedic practice, yet many practices only set up their managed contracts one time and allow them to renew without any negotiations automatically. Most Orthopedic practitioners lose additional revenue of 10-30 percent because they do not have the time or the required expertise to renegotiate contracts with insurance payers.
Millennium Medical Billing can help, in fact, managing care contract agreements. Our specialists can perform evaluations of your Orthopaedics managed care consultation process, estimating each contract and devising a contract negotiation- renewal plan for your Orthopedic practice by using leverage points to maximize standard contract terms, resulting in important revenue increases for our customers.
Orthopedic Medical Billing and Coding
Now more than ever, it has become essential to have a professional medical billing company specializing in Orthopedic medical billing and coding that can successfully operate through the complexities of the Orthopedic specialty specifications.
Millennium Medical Billing can provide professional medical coding services and medical billing services specialized around the Distinct Orthopedic’s set of codes and modifiers. Working together, our certified medical coders and Orthopedic specialized billers will identify past billing problems and denied claims, evaluate underpayments, submit claims appeals with correct documentation and bill appropriately with the correct ICD, CPT, and Modifier codes to ensure maximum reimbursement.
Our Orthopedic Surgery Billing and Coding specialists provide the knowledge and expertise your practice needs to ensure maximum reimbursement.
Our Orthopedic Billing Specialists will:
- Keep current with insurance specifications and regulations and ensure the fees are kept at the maximum allowable reimbursement
- Analyze, recognize, and advise you regarding the advantages reimbursement’s fee trending
- Carefully analyze insurance payments and Explanation of Benefits to ensure accurate payment and take appropriate action for commercial, personal injury and worker compensation claims
- Process Secondary Insurance claims upon receipt of the primary carrier Explanation of Benefits
- Focus on accurate procedure and diagnosis codes, so claims are not suspended or rejected
Our team of Orthopedic revenue cycle billing professionals can work will work closely with your practice to and provide give the necessary and lasting education on the best documentation and billing practices for procedures conducted, including keeping your Orthopedics practice up to date with the modern coding and CMS Medicare, Medicaid billing and documentation demands, certifications and regulations.
Millennium Medical Billing understands the challenges faced by modern Orthopedic practitioners. Our dedicated staff can coders remotely and seamlessly blend with your staff, quickly familiarizing themselves with your practice. Recognizing trends, past billing predicaments and denied claims, we custom design a menu of operations for your business that will result in quickened revenue cycles and enhanced compliance. Our accredited orthopaedic medical billing experts can:
- Capture and Improve Orthopedic Revenue
- Evaluate and Manage Orthopedic Billing and Coding Functionalities
- Provide and Establish an Increased Efficiency
- Reduce Compliance Risk
- Provide Professional Coding Services for Orthopedic practices
At Millennium Medical Billing, we ensure that you receive the maximum amount covered by the insurance companies while minimizing out of pocket costs for your patients.
Contact us today for a complimentary analysis of your billing, coding and compliance requirements.