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Radiology Billing Services

Radiology Billing Services

Decreasing reimbursement rates, rising infrastructure expenses, and changes in payer mix pose challenges for radiology practices. It's more crucial than ever to ensure you can maximize reimbursements and sustain profits.

 

The unique aspects of billing for radiology services can be demanding for radiologists. It involves using imaging techniques for both diagnosing and treating diseases. Radiology has many complexities due to its continually evolving advanced technology and treatment methods. There are often new additions to the billing codes (CPT codes) used for radiology services, requiring constant attention.

 

Unlike other medical specialties, Radiology involves two billing components: the professional component and the technical component. When radiologists use radiology equipment, dyes, and machines, they must bill under the technical elements. When they interpret diagnostic results, they bill under the professional component.

 

Our team comprises certified, trained billers and coders who grasp the intricacies of radiology billing. They understand the impact on a radiology practice's revenue if differentiation between the professional and technical components of radiology billing is overlooked.

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Our proficiency in healthcare billing and coding for radiology practices:

At finnastra , we have a team of skilled and trained radiology billers and coders who work diligently to minimize denials and boost your practice's revenue. Our client base spans across all 50 states and includes hospitals, physician practices, imaging centers, and medical billing companies. Our coders excel in ICD-9/10, CPT, HCPCS coding based on CMS and AMA guidelines, EMR & PMS software, and are certified by the American Academy of Professional Coders (AAPC).

 

Applying Best Practices for Radiology Billing

Our billers and coders understand the unique requirements of radiology billing and aim to establish a process for submitting claims that is free of denials. We recognize that radiology relies heavily on advanced equipment and therefore utilize both CPT codes and Dx codes in our billing process. We also prioritize reducing denial rates and improving collections through precise and accurate claim submissions.

 

Our expertise in radiology billing covers a wide range of services including:

 

- Diagnostic Radiology

- Computed Tomography (CT)

- Fluoroscopy

- Magnetic Resonance Imaging (MRI)

- Magnetic Resonance Angiography (MRA)

- Mammography

- X-ray

- Positron Emission Tomography (PET)

- Ultrasound

- Therapeutic Radiology

- Nuclear Medicine

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Maximizing Reimbursements from Radiology Claims

We focus on preventing denials rather than managing them after the fact. By identifying the root causes of denials and collaborating with practices to eliminate these issues, we enhance collections. Our iterative processes help practices adopt best practices in clinical documentation, coding, and claims submission, thereby shifting the focus to denial prevention.

 

Identifying Underpayments

We scrutinize payments against contracted rates to identify underpayments. We take proactive steps to rectify underpayments by engaging with third-party payers.

 

Business Intelligence

We provide custom scheduled and on-demand reports to support informed decision-making and problem-solving.

 

Extensive Experience

We have supported numerous interventional and diagnostic radiology clients affiliated with renowned hospitals and academic medical centres.

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