We provide accurate coding, fast claim processing, denial management, and compliance support to maximize reimbursements and streamline your practice
Most frequently, an internal medicine billing practice would treat general and family medicine patients and cases from coordinated specialties like rheumatology, pathology, and geriatrics. Thus, it treats a large volume of diverse patients week to week, which results in frequent billing and coding challenges. Though only the more complex procedures are infrequently performed in-office, minor procedures, prescriptions and a large number of diagnoses still need to be coded and billed correctly.
Internal medicine billing services and revenue cycle management face significant financial challenges due to medical billing and coding errors. As a lower-paying specialty, insurers frequently reduce allowable billing amounts for many common services provided to general medicine patients, making accurate billing essential to minimizing revenue losses.
The high volume of both routine and non-routine activities necessitates extra staff time for scheduling, rescheduling, and annual appointment planning.
Internists serve a diverse patient population and often act as the initial point of contact in the diagnosis and treatment process. As a result, their offices must navigate numerous government incentives and programs. Staying informed about coding updates is essential but can be challenging for busy office staff.
The medical coding system is intricate, and with the vast number of billing codes used in internal medicine, it's no surprise that in-house billing and coding staff struggle to keep up. Compliance charting, along with accidental under-coding and up-coding, can also create significant challenges.
Unlike specialties like pain management or pulmonology, where patients are seen repeatedly over time, internal medicine practices handle a diverse range of patients with varying conditions, from food poisoning to sprained wrists. Many cases require urgent care, but some patients may struggle to pay their share, leading to additional billing efforts for payment arrangements or collections.
Our certified coders and proprietary software streamline coding and reduce errors. Handling rejections and denials is one of the most costly aspects of internal medicine billing, but Medyra Tech's expertise saves time and maximizes revenue. Clients say we help them earn more, making our small fee well worth the recovery and time saved.