Invicta MD offers all the billing and revenue cycle services oncology practices need. Our efficient system boosts revenue, handles claims follow-ups, and simplifies payments, freeing you to focus on patient care.
Oncology is one of the fastest-evolving fields, with countless treatment codes and complex billing regulations constantly changing. For practices juggling patients across different age groups and settings, keeping up with annual code updates, payer demands, and ever-shifting regulations can be overwhelming.
Falling behind means delayed payments, or worse—denials. And in today’s economic climate, every dollar counts. Outsourcing your oncology billing to Invicta MD means you don’t have to chase every new update or spend hours revising claims. Instead, let our experts manage the revenue cycle, ensuring you get paid on time, while you stay focused on what matters most: patient care.
Oncology is inherently one of the most demanding fields in medicine. Physicians often navigate the challenges of life-threatening conditions and intricate treatment plans, making it essential to find ways to reduce job-related stress.
As treatment technologies advance rapidly, keeping up with new coding, verifying insurance coverage, and negotiating reimbursement rates can feel like an extra weight on doctors’ shoulders. The good news? Our oncology billing services at Invicta MD handle all of this for you!
Oncology billing and coding is a complex arena for many reasons, not least because billing and coding, in general, can be quite intricate. Invicta MD’s oncology revenue cycle management team is well-equipped to effectively address denials and rejections, ensuring that no unpaid claims are left behind. We’ve streamlined our billing and coding processes for efficient processing, and our staff undergoes continuous training to prevent errors from recurring. Plus, our RCM specialists take care of any necessary annual payer adjustments and paybacks.
Oncology billing presents unique challenges for in-house billing teams due to several factors. One of the keys to our high success rates is our state-of-the-art software, complemented by our highly trained and experienced billing staff. Once our team takes over the medical billing for a practice, the number of claim rejections decreases significantly. So, what sets us apart? We understand that every client is unique, and we make it a priority to address each of their specific needs. We also recognize that each area of specialization comes with its own requirements, which is why we ensure that our assigned team is well-trained and equipped to handle them effectively.
Here are some of the ways Invicta MD addresses the challenges of oncology billing and revenue cycle management that often lead to issues.
One compelling reason to outsource your oncology billing services to Invicta MD is that, along with a dedicated team of experienced medical billers assigned to your account, we also appoint an account manager. This ensures there’s always someone who knows your business well and knows the status of all your claims. Medical practices lose millions yearly because rejected and denied claims go unaddressed. At Invicta MD, our account managers meticulously track every claim and diligently follow up on any unpaid ones, whether they involve a large or small sum.
Cancer treatment is rarely straightforward, often involving much more than just tumor removal. Typically, a series of treatments unfolds, with specialists from diverse fields—ranging from plastic surgeons to hepatologists—playing essential roles. Each specialist’s contribution needs to be meticulously documented in the coding to capture the full picture, especially when they represent different business entities and medical disciplines. This level of detailed coding is crucial to ensure all relevant information is accurately presented.
Under-coding—failing to bill for all services provided—not only results in lost revenue but is also illegal. While it might seem considerate to reduce a patient’s bill, it’s essential to follow legal requirements and report all services accurately. Under-coding can jeopardize your oncology practice’s credentialed status and lead to serious consequences.
At Invicta MD, our commitment is to secure the maximum possible reimbursements for our clients. We file claims promptly—typically within 48 hours—ensuring that nothing holds up your revenue flow. When we notice any patterns in reimbursement denials, we take swift action to address the issue. The responsible biller receives targeted training to prevent future errors, and the entire team is updated to ensure everyone is aligned and informed. Invicta MD focuses exclusively on medical billing and revenue cycle management, backed by a large, skilled oncology revenue cycle management team.
At Invicta MD, we have the expertise to manage all your medical revenue cycle management needs. Our comprehensive services include payer credentialing, insurer approvals, billing and coding—complete with swift, expert handling of denials and rejections—chart reviews, annual paybacks, and much more. Importantly, our services are fully customizable to fit the unique needs of each client, ensuring you only pay for what you truly need. Many of our clients who initially engage with us for medical billing outsourcing discover the substantial benefits of our partnership and choose to expand into additional RCM services. To learn more about our tailored billing solutions for oncology practices, give us a call at +1 551 260 4350 or request a free demo today.
