Anesthesia Billing Services
Are you struggling to streamline your anesthesia coding and billing requirements? Are these challenges leading to claims rejections or delays? Our HIPAA-compliant anesthesia billing services help you manage complex coding and billing processes, ensuring timely reimbursements.
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How We Streamline Anesthesia Medical Billing for Your Practice
Our AAPA and AMA-certified professionals have wide experience in providing accurate billing and coding services for anesthesia practices. Their understanding of the common to complex challenges in anesthesia billing makes them adept at addressing the needs of diverse medical entities. These entities include hospitals, anesthetic groups, urgent care centers, independent anesthetists, and doctors specializing in general anesthesia, regional anesthesia, local anesthesia, ambulatory anesthesia, and monitored anesthesia care. Here is how we deliver our anesthesia billing services to our clients:Â
- Leverage billing software integrated with systems such as EHR, EDI, EMR, PCS, and other tools to minimize the need for manual data entry and paperwork.
- Verify patient details such as (demographics, SSN, registration number, address, medical history) and provider details (name, address, insurance policy coverage, effective date, and expiration date) to ensure accurate claims documentation.
- Verify coverage information from insurance payers for certain anesthesia services that require preauthorization. This includes getting a clarification about the out-of-pocket expenses (coinsurance, deductibles, copayments) borne by patients.
- Assign specific codes to capture aspects like anesthesia administration time, base units, and time units to calculate the anesthesia conversion factor for the rendered anesthesia services.
- Adhere to pertinent regulations while handling different anesthesia billing types, including value-based payment billing, episode of care billing, capitation billing, global billing, etc.
- Assign accurate billing codes such as ICD-10, CPT (00100-01999 for anesthesia services, 99100-99150 for anesthesia modifiers, 01935-01936 for anesthesia for obstetrics, and more), and HCPCS Level II codes related to anesthetic practices.
- Facilitate clean electronic claims to respective insurance payers such as Medicare, Medicaid, private insurance companies (Aetna, UnitedHealthcare, Anthem, Cigna), Workers' Compensation, Managed Care Organizations (MCOs), and others.
- Verify EOB and COB to ensure that the reimbursement amount matches the patient invoice amount. Support the appeals process in case of any discrepancies in the amount of claims.
- Analyze EOBs to clarify patients’ out-of-pocket expenses (co-insurance, deductibles, co-payments).
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During your consultation, some of the issues we can discuss are:
- Your current anesthesia billing process, its challenges & inefficiencies.
- How we comply with coding and payer guidelines, and regulatory requirements, such as Medicare's National Correct Coding Initiative (NCCI)
- How we handle denials and appeals related to anesthesia billing
- Our reimbursement maximization strategies for anesthesia billing from both commercial and government payers
Invensis - The Most Trusted Anesthesia Billing Company
We are an experienced anesthesia billing service provider with more than 25 years of experience assisting healthcare institutions. Our team of Certified Professional Coder (CPC), Certified Anesthesia and Pain Management Coder (CANPC), Certified Coding Specialist (CCS), Certified Professional Biller (CPB), and others ensure a seamless and accurate execution of our anesthesia billing services. They are backed by insurance specialists, patient accounts representatives, compliance officers, among others. Their combined expertise aids our clients to achieve a near 98% clean claims, up to 45-day reduction in A/R days, denials below 8%, and an estimated 95% net collection rate.
Benefits of Outsourcing Anesthesia Billing
- Improved revenue cycle management:
Effective and improved revenue cycle management is essential for medical practices dealing with anesthesia services. It ensures that they are able to operate efficiently and meet their financial goals. Many healthcare practices outsource billing for anesthesia services to be reimbursed accurately and also to enhance their financial stability.
‍At Invensis, we help such practices with timely and accurate billing, optimized reimbursement, and minimal denials.‍ - Increased efficiency:
Maintaining efficiency is essential in anesthesia billing services to ensure prompt and accurate claim submissions. It also minimizes the risk of delayed or denied payments and enhances cash flow for healthcare facilities. Outsourcing billing service for anesthesia also helps the practices to minimize the administrative burden of follow-up and denial management.
At Invensis, we help healthcare practices to focus on patient care and other critical activities related to anesthesia services. Our experts meanwhile take care of billing and revenue cycles and help them streamline the process and increase efficiency.‍ - Improved patient satisfaction:
Patient satisfaction is a critical aspect of anesthesia billing as it can have a significant impact on a patient's overall healthcare experience. Outsourcing billing anesthesia services help healthcare facilities to get away with delays in payment and improved patient satisfaction.
‍At Invensis, we streamline the anesthesia billing process, reduce denials and enhance patient satisfaction by minimizing patient spending on billing issues.‍ - Cost savings:
Anesthesia billing is both expensive and complex, considering the level of expertise and resources required to document and code the procedures and services. Hence, businesses outsource such services to overcome complex billing rules and regulations and also the need to hire experts and deploy the latest software.At Invensis, we provide anesthesia service medical group billing by offering easy access to specialized billing software and tools, experienced billing professionals. Outsource anesthesia billing services to us to enhance cost-saving and enhancing efficiency and accuracy.
Trends in Anesthesia BillingÂ
- Increased use of technology:
The advancement of technology is having a significant impact on anesthesia billing services. Many healthcare practices are following the trends of electronic health records (EHRs) and electronic billing systems instead of paper-based billing. At Invensis, we are increasingly relying on anesthesia information management systems (AIMS), electronic claim processing, and other advanced billing software. We help healthcare facilities to streamline their billing process, identify errors before processing claims and minimize denials. - ‍Emphasis on compliance:
Compliance is becoming critical in anesthesia medical billing services due to the complex aspects of billing regulations and the consequences of non-compliance. Businesses are focusing more on ensuring compliance with regulations to avoid legal consequences and penalties. We stay up-to-date on the latest billing regulations, such as Health Insurance Portability and Accountability, False Claims Act (FCA), and more, and ensure all billing processes are ethical and legal. Invensis, as a leading anesthesia medical billing company, implements various compliance programs and conducts regular audits and reviews of billing practices to stay current with the latest billing regulations and codings. - ‍Integration with other healthcare services:
Anesthesia medical billing services are increasingly integrated with other healthcare services, such as surgical scheduling, patient registration, and insurance verification. This helps improve efficiency and accuracy in billing processes and provides a more seamless patient experience. Invensis is an anesthesia billing service company that helps healthcare practices with easy integration for a more streamlined billing process, better collaboration, and improved revenue cycle management.
What Our Customers Say
Invensis has been a great partner providing quality medical coding and billing services. The team is extremely responsive to every query we pose, and the turn-around time for deliverables is always as committed.
Invensis has been our revenue cycle management healthcare outsourcing partner for the past 5 years. They have always delivered on their commitments, whether it is meeting our Service Level Agreement (SLA) or improving our billing process.
We have been working with Invensis for the past two years, and they have helped us overcome many revenue cycle management challenges. The team often walks the extra mile to ensure that our needs are met.
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