The document discusses strategies for boosting billing efficiency in the post-COVID environment. It notes that the pandemic has caused upheaval in medical billing due to changes in procedural/diagnosis codes, billing guidelines, and insurance policies. To adapt, medical billing companies should train staff on recent updates, check insurance coverage and billing guidelines, and look out for changes to fee schedules. Outsourcing billing overseas can help cut costs and provide a flexible solution during this uncertain time.
2. TREY
research
Changes is Procedural and
Diagnosis Codes
Updates in Billing and Coding
Guidelines and Insurance coverage
Policies
Inevitable Changes in Payor Policies
COVID&Pandemic
Consequences
2
The consequence of COVID and the on- going
pandemic has been catastrophic across
every sector!
Medical Billing has had its own share of
cataclysmic upheaval.
3. TREY
research
Streamline&Revamp
Your Medical Billing Strategies to Meet Current Demands
There has been numerous changes and updates in the
Healthcare and Medical Billing Industry owing to the
novel attack and alternations during this travail state
3
• Training Medical Billers and Coders with the recent
updates and changes
• Checking out Insurance coverage and billing guidelines to
ensure the changes are notified and followed
• Look out for the changes in fee schedule for the existing
and novel procedural codes
• Cutting down over-hear cost or outsourcing for best results
4. TREY
research
MedicalBillingfor
Telehealth
Global pandemic increased the Telehealth and
telemedicine percentage precipitously.
4
Medical Billing Companies should equip their
billers and coders with the related billing and
coding changes in lieu with the increased
Telehealth.
Medicare and Department of Health and Human
Services (DHHS) have announced the expansion of
coverage benefits to reimburse for Telehealth and
Telemedicine, but there is still ambiguity among
the Medical Billing Companies on getting a permanent fix.
However adapting to changes might ease follow guidelines
and standardize protocols as required.
5. TREY
research
OffshoreOutsourcing
Most adapted solution to cost effective Medical Billing Service.
Offshore outsourcing has turned out to be the best choice during this pandemic where Billing
Companies are facing staffing and various other operational struggles.
An offshore based Billing Company can prove to
be your partner in achieving end to end Revenue
Cycle Management solution.
With the uncertainty of current condition and
over demanding service requirement, this is the
right time to partner with an offshore based
Medical Billing Company.
5