Invicta MD provides comprehensive pain management billing services tailored for hospitals, solo practitioners, and group practices. Our services cover prior authorizations, precise claim filing and coding, denial management, accounts receivable oversight, and diligent follow-up on unpaid claims.
Pain management specialists understand the urgency of treating patients in distress. However, billing for pain treatment can be challenging, particularly when the cause isn’t visible on an x-ray or lacks a definitive disease diagnosis. Increased scrutiny on pain medications and stricter penalties for misuse have led many practitioners to shy away from this field. Partnering with a specialized pain management medical billing company can help you navigate these complexities, maximising reimbursements while focusing on your patients’ needs.
Given the complexities of pain management billing, it’s crucial that practitioners are not overwhelmed by these challenges. As healthcare institutions tighten budgets and payers scrutinize costs, even minor coding and billing errors can lead to claim rejections or denials. This makes it essential to ensure accuracy in your billing processes to maintain revenue flow.
Many pain management practices struggle with claim denials through labor-intensive manual processes managed by in-house staff. This can lead to slow claim submissions and higher labour costs. Outsourcing pain management billing services to specialists can streamline denial resolutions, enhance case mix performance, and reduce the time claims remain in accounts receivable
A 2017 TransUnion Healthcare analysis revealed that healthcare costs for patients have risen by up to 11%. As patients face escalating expenses, it’s crucial to clearly communicate their financial responsibilities before treatment. These rising costs complicate collection efforts for pain management practices. Collaborating with a specialized pain management billing company can help tackle these challenges and enhance the collection process.
Invicta MD manages revenue cycle management (RCM) from start to finish, allowing physicians and their staff to concentrate on patient care while we handle all necessary billing and coding tasks. Our services encompass not only the essentials of pain management medical billing but also payroll management, revenue enhancement, compliance assurance, and more. With our expertise, practices can streamline operations, reduce administrative burdens, and ultimately improve patient outcomes.
Outsourcing medical billing for pain management isn’t just a cost; it’s an investment in your practice's efficiency. By partnering with us, practitioners and staff can dedicate more time to patient care while we handle the complexities of billing. Our expert team ensures efficient claims filing, effectively manages rejections and denials, and prevents costly upcoding and downcoding errors. We also manage annual payer adjustments, completing the revenue cycle management process seamlessly.
As experts in medical billing and coding, Invicta MD stays on top of annual code changes and the ever-evolving pain management billing guidelines. Serving clients across various medical specialties, our certified coders receive ongoing training to master the specialized codes relevant to each field. Request a free demo today to discover how we can help your practice operate more efficiently, boost revenue, and enhance cash flow.
