Invicta MD lets wound care specialists focus on patient care without the stress of medical billing.
One key factor is that treatment may occur in different types of facilities for a single patient, even when treating the same wound. For example, a hospital patient may be discharged and continue wound care at an outpatient center. Each encounter must be billed accurately, ensuring the code details specify which location was used for the treatment.
In today’s economy, with rising costs and tightening budgets, having a streamlined medical billing process is crucial for ensuring that every claim is reimbursed correctly. Practices without specialized billing management often leave money on the table, causing significant revenue loss. Let Invicta MD handle the complexities of coding and billing so you can focus on what truly matters—your patients.
Most wound care patients arrive on referral, and while the referring physician’s office may have checked if insurance covers your services, it’s crucial not to assume it’s accurate. Every time a new patient schedules an appointment, your wound care centre must verify their insurance coverage to avoid surprises and ensure timely, accurate reimbursement.
Many insurers require prior authorization for treatment, and claims can be rejected if they aren’t properly authorized, even if the services would have otherwise been covered. It’s essential to verify authorization when confirming that the exam or visit is covered by the patient’s insurance. Since wound care often involves ongoing treatment over time, it’s crucial for staff to stay proactive and vigilant about securing the necessary authorizations, ensuring there are no interruptions in the care process due to authorization issues.
Outsourcing medical billing is a cost-effective way to increase your revenue while reducing the stress associated with managing billing and coding internally. At Invicta MD, our staff is fully trained in HIPAA compliance, ensuring your patients' sensitive information remains secure. Our certified billers are experienced in wound care billing and coding, guaranteeing accuracy and maximum reimbursement. Perhaps the most significant benefit of outsourcing to us is the reduction in stress for physicians. Our clients often report rediscovering the joy in their practice, knowing their billing is in trusted hands.
Invicta MD is fully committed to medical revenue cycle management (RCM), with billing being one of our core services. However, we provide a tailored suite of solutions designed to support your practice’s financial health. Our proprietary software ensures that all claims are filed using the most current codes, maximizing accuracy and reimbursement. We also handle payer credentialing, compliance reviews, annual payer adjustments and payback, and much more, allowing you to focus on patient care while we manage your revenue cycle.
