Even a simple misspelling for a patient’s name can result in insurance denial. Making the correct diagnosis and coding procedure is mandatory. Nothing results in an insurance denial faster than the billed service not matching the actual diagnosis.
Denville, NJ (PRWEB) December 08, 2013
“The second most important thing in a private practice next to the delivery of the actual services is having the most effective physical therapy billing," said Chhoda. "That is why it is very crucial for the practice to have a correct submission of reimbursement request the first time."
He even added that when dealing with many billing issues, understanding the complex nature of insurance is very vital, especially in today's practices. Clinicians get themselves into trouble when they make mistakes in processing insurance claims. Chhoda recently revealed the latest. most common mistakes that practices make when it comes to insurance and how those mistakes cost a practice and lost revenue.
According to Chhoda, one of the biggest insurance mistakes that private practices recently commit is the failure to verify a client’s insurance information. People change jobs, they even move from one address to another or transfer policies. He said that if the information gathered is incorrect, the physical therapy documentation is affected, and it is almost a given that the insurance claim will be denied directly, affecting the practices’ bottom line.
Chhoda noted that similar to getting the correct insurance information, practices must also have the most current patient information on file in order to receive quick reimbursement and avoid denials. Even a simple misspelling for a patient’s name can result in insurance denial. Making the correct diagnosis and coding procedure is mandatory. Nothing results in an insurance denial faster than the billed service not matching the actual diagnosis.
Chhoda said that the best way to avoid these mistakes is by having sound physical therapy management and implementing effective physical therapy billing software. It is here where he relies on his EMR expertise to offer effective solutions that any physical therapist can implement to ensure the minimum loss of revenue.
Chhoda’s office can be reached by phone at 201-535-4475. For more information, visit the website at http://www.emrnews.com.
About Nitin Chhoda
Nitin Chhoda PT, DPT is a licensed physical therapist, a certified strength and conditioning specialist and an entrepreneur. He is the author of "Physical Therapy Marketing for the New Economy" and "Marketing for Physical Therapy Clinics" and is a prolific speaker, writer and creator of products and systems to streamline medical billing and coding, electronic medical records, health care practice management and marketing to increase referrals. He has been featured in numerous industry magazines, major radio and broadcast media, and is the founder of Referral Ignition training systems and the annual Private Practice Summit. Chhoda speaks extensively throughout the U.S., Canada and Asia. He is also the creator of the Therapy Newsletter and Clinical Contact, both web-based services to help private practices improve communication with patients, delivery better quality of care and boost patient retention.