All About Oncology Medical Billing Services

1. The word Oncology, was derived from a greek word “onkos” meaning tumor or mass and “logy” refers to study. It is a branch of medicine dealing with the prevention and treatment of cancer. Oncology depends on certain diagnostic tools like biopsy, removal of tissues and their examination under a microscope. Some other diagnostic tools are Endoscopy, imaging techniques like X-ray, CT Scan, MRI and ultrasound, Positron emission tomography and nuclear medicine techniques etc.

2. For successful billing and obtaining payments in the first go, it becomes important to have a complete knowledge of the medical billing procedures. It requires a deep understanding of codes associated with the procedures involved. With the ever changing payer policies and requirements, billing standards and rules, ICD and CPT code updates, the whole process becomes cumbersome to execute. Unavoidable denials are also a possible threat to the billing process. Therefore, getting those claims processed in the very first time is a tactic very few organizations are familiar with. And this is where Bikham plays its crucial role; allowing you to collect that every dollar you have earned.

3. Oncology medical billing is complex and a high level of expertise and knowledge is required for appropriate billing. Oncology practices may or may not be able to handle everything on their own. There are the complex and ever-changing payer guidelines for oncology medical billing which continuously hamper business growth. Oncology practices may face partial reimbursements, evolving compliance rules and such issues that may affect their revenue collections. Coding and billing errors like inaccurate modifiers and use of incorrect diagnosis codes to identify services and treatment procedures may lead to denied claims.

4. Oncology medical billing involves billing for services that are carried out for the treatment of cancer patients. Who does that? An Oncologist, a medical provider having a specialization in oncology. There are certain treatment procedures such as: Chemotherapy Endoscopy Biopsy PET CT (Positron Emission Tomography Computed Tomography) etc.

5. Bikham Healthcare brings you more than 10 years of experience in oncology billing. Claim resolutions at Bikham Healthcare work hand in hand with your practice to correctly identify problem areas such as accurate modifier and procedure codes application. Our team of certified medical coders and billers effectively manages all aspects of your oncology billing to ensure that your practice receives timely reimbursements for the services rendered.

6. Outsourcing is a practice that constitutes to business success. This statement is based over a study conducted by Forbes. Oncology treatment cycle usually include long complex procedures where the patient undergoes multiple tests and visits requiring authorizations and follow-ups with an oncologist. Oncologists are required to take care of patients as well as perform the administrative duties of billing and coding, which further adds to the intricacies. This is where they may seek help from a third party billing service provider to take care of their oncology billing needs. Outsourced oncology medical billing services take care of the numerous billing and coding issues adding up to an increased business performance.

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