Understanding Denial Code CO 273: A Comprehensive Guide for Healthcare Practices Claim denials are a common challenge in the medical billing world, with up to 30% of claims facing denial for various reasons. Among these, denial codes serve as essential messages from insurance companies, explaining why a claim cannot be processed. A particularly notable example […]
2025 CPT Updates for Dermatology and Surgery: Key Changes and Practice Impact
2025 CPT Updates for Dermatology and Surgery: Key Changes and Practice Impact As the healthcare landscape shifts, dermatology and surgical practices must adapt to new coding and guideline updates to maintain operational efficiency and compliance. The 2025 CPT updates bring targeted changes that directly affect these specialties. Here’s a detailed breakdown of the updates and […]
2025 CPT Code Changes: Telemedicine, Cardiac Surgery, and Digital Health Updates
As we approach 2025, the latest CPT (Current Procedural Terminology) updates are set to reshape coding and billing processes for healthcare practices. Understanding these changes is crucial to maintaining compliance, streamlining workflows, and maximizing revenue. Here, we break down the key updates and their potential impact on your practice. Overview of the 2025 CPT Changes […]
MIPS 2025: Key Changes and What They Mean for Healthcare Providers
As we approach 2025, the Merit-based Incentive Payment System (MIPS) continues to evolve, introducing new challenges and opportunities for healthcare providers. The latest updates bring significant changes across various performance categories, including quality measures, cost measures, and improvement activities. Here’s an overview of the key updates. Threshold and Data Completeness To avoid a negative payment […]
Boosting Healthcare Practice Revenue with RevXL : A Data-Driven Approach to Revenue Maximization
In today’s competitive healthcare environment, maximizing practice revenue is more crucial than ever. For many practices, traditional revenue cycle management (RCM) methods no longer meet the demands of a dynamic market. This is where RevXL, Svast Healthcare Technologies’ cutting-edge Practice Revenue Maximization System, steps in as a game-changer. Why Practices Struggle with Revenue Leakage A […]
Understanding Denial Code PR 27: Top Causes and How to Prevent Them
Handling claim denials effectively is crucial for maintaining a healthy revenue cycle in any healthcare practice. One of the more common issues faced by billing teams is Denial Code PR 27. This denial code signifies patient responsibility, usually due to the patient’s insurance coverage ending. Let’s take a deeper look into what Denial Code PR […]
Challenges in J Code Billing and How to Overcome Them
J Codes are critical for billing injectable drugs and biologicals in medical claims. Used primarily in outpatient and physician office settings, they cover a wide range of injectable treatments. However, billing with J Codes comes with specific challenges that can lead to claim denials or underpayment if not handled correctly. Let’s look at these challenges […]
Stop Leaving Money on the Table: Infusion Billing Tips for More Revenue
Infusion services are a critical revenue stream for many healthcare practices. By optimizing billing practices, practices have the opportunity to significantly boost their revenue. Even a slight improvement in reimbursement rates for each infusion can add up to substantial gains over time. Without proper attention to billing, practices may be missing out on additional revenue […]
How to Avoid Common Denials for EEG’s
Routine and long-term EEGs are critical diagnostic tools for neurological conditions, but healthcare practices often face denials when submitting claims for these tests. To avoid these denials, it’s essential to understand the most common reasons and how to address them effectively. 1. Routine EEG Not Done Prior to Long-Term EEG Many insurers require a routine […]
Boosting Medical Billing Reimbursements: An Essential Guide for Small to Medium Medical Practices
In many healthcare practices, medical billing is often an overlooked aspect, treated as a tedious task rather than a critical function. Billers are frequently left to work in isolation, away from the main practice areas, despite being essential to the organization’s cash flow. However, the efficiency and accuracy of these billers directly impact revenue, and […]