Billing for optometrists brings daily obstacles to overcome. Our optometry billing best practices blog helps you solve challenges and grow your practice.
Optometrists Julie and Jay Honda recognized how a more efficient optometry billing process could positively impact their practice, motivate staff, and improve revenue. Dr. Julie Honda explains how Fast Pay Health helps her practice overcome optometric billing and revenue cycle management challenges.
Read MoreNeed a refresher course in common medical billing and insurance terms? We’ve got you covered with a glossary of insurance terminology and billing tips to help you improve collections, prevent rejected and denied claims, and focus on growing revenue for your eye care business.
Read MoreEvery calendar year, the American Medical Association® announces changes to the Current Procedural Terminology (CPT®) code set. The 2023 CPT® code set changes (effective January 1, 2023) aim to reduce administrative tasks and simplify coding and documentation for evaluation and management (E/M) services.
Read MoreOptometry practices share the same end goal as other businesses—they want to thrive and increase cash flow. A thriving business focuses on growing revenue with top-notch optometry billing while providing excellent customer experiences. Follow these 12 optometry billing tips to help improve patient collections and generate a healthy bottom line for your eye care practice.
Read MoreDoes your eye care practice have an unhealthy cash flow and high accounts receivable (AR)? Ever wonder where your revenue is hiding? Let’s look at common challenges, solutions, and marketing strategies that will help your practice reduce the number of days your AR goes unpaid and sits in the aging bucket.
Read MoreNot sure what the difference is between a clearinghouse and revenue cycle management (RCM)? Perhaps the most important distinction is that a clearinghouse does not replace RCM; they work together. Let’s look at common questions and see why investing in both is critical.
Read MoreOptometry billing is a common headache for many practices, which can quickly add up on the cost scale. Whether you are considering outsourcing your optometry billing or new to the world of outsourcing these types of services, knowing the benefits will help you decide if this is the right move for your office. Let’s explore several advantages you and your staff can experience with an improved optometry billing and collection process.
Read MoreAre you noticing more eye care billing claim rejections in your inbox? Is your claim rejection percentage rate increasing? Let's examine six common eye care billing rejections and how an optometric billing solution can help you overcome them.
Read MoreKnowing when and when not to use a medical billing modifier can maximize reimbursements and prevent denials and audits for your eye care practice. When you use a medical billing modifier on a claim incorrectly, this can become a costly mistake. Here are some red flags to look out for when billing with a few common modifiers.
Read MoreThis blog was updated on November 7, 2022. Is your inbox full of Medicare and Medicare Advantage claim rejections and denials? Researching unpaid or denied eye care claims is frustrating and time-consuming. To guide your eye care practice toward managing healthier cash flow and reducing out-of-control accounts receivable (AR), let's review common medical billing dos and don'ts.
Every year, the American Medical Association® makes changes to the Current Procedural Terminology (CPT®) code set. In this blog, we will review the various types of CPT® codes and the new and revised codes that pertain to optometry and ophthalmology procedures, so you are better prepared for billing medical insurance payers.
Read MoreIs your practice ready for the ICD-10-CM (diagnosis) code changes for fiscal year (FY) 2022? Beginning October 1, 2021, all eye care providers must start using the new and revised ICD-10-CM 2022 codes to prevent delays in optometric claim processing and/or rejected or denied claims.
Read MoreImproving collections and increasing cash flow is an essential optometry medical billing strategy for growing your practice and maintaining a healthy revenue. For Art of Optiks, a three-doctor, two-location practice in Minnesota, outsourcing their medical billing resulted in recouping $57,162 in lost revenue.
Read MoreEye care professionals should focus on patient care instead of managing repetitive medical billing and revenue cycle management (RCM) tasks. Your patients are the reason why you and your staff come into the office every day. Review the 12 RCM processes you should have in place to get paid faster, so you have more time to care for your patients and generate revenue for a healthier bottom line.
Read MoreBeginning January 1, 2021, healthcare providers and medical billers must select Evaluation and Management (E/M) codes for office or other outpatient visits based on the level of medical decision making (MDM) or total time spent on the patient encounter, and not the patient’s history and physical exam. Take a closer look at the 2021 E/M code changes and see how eye care providers should bill for office and other outpatient visits.
Read MoreOn September 8, 2020, the American Medical Association® (AMA) added a new CPT® code, 99072, for reporting the use of the additional cost of personal protective equipment (PPE) supplies, materials, and time to safely care for patients during a COVID-19 Public Health Emergency (PHE). Not sure what 99072 is and how to bill for additional PPE costs? Here are a few dos and don’ts for billing this new CPT code.
Read MoreIs your eye care practice ready for the ICD-10-CM (diagnosis) code changes for fiscal year 2021? This 2021 ICD-10-CM Eye-Related Codes Update Guide is here to support your practice and protect your cash flow. Beginning October 1, 2020, all eye care providers must start using the new and revised codes. Download our 2021 ICD-10-CM Codes Update Guide.
Read MoreDenese Jackson with The Eye Contact shares how continual cash flow, healthy accounts receivable, and reducing insurance aging are critical to running a successful optometry practice during a decrease in patient volume.
Read MoreTelehealth and telemedicine has gone into hyper-drive for optometrists and ophthalmologists during the pandemic coronavirus (COVID-19) healthcare crisis. Because telehealth billing is not the norm for many eye care providers, trapping all the details so insurance claims get submitted and paid correctly, and on time, is a challenge.
Read MoreNow more than ever, the financial health of your eye care practice depends on continual cash flow during the unprecedented novel coronavirus (COVID-19) pandemic. To prevent unhealthy and serious revenue problems down the road, focus on your accounts receivables (AR) and aging buckets now before it’s too late.
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