7 Common Challenges with SNF (Skilled Nursing Facility) Billing Services - 24/7 Medical Billing Serv

7 Common Challenges With SNF Billing Services Skilled Nursing Facilities (SNF) must ensure they get timely payment, for which they need to follow an efficient revenue cycle management practice. The practice needs to look after proper submissions that are denial free for effective account receivable management. The SNF must conduct efficient payer-follow-ups, stay compliant with the healthcare regulations, and do other admin works to warrant their survival in the business. With the increase in the growth of SNFs, which are now being funded by Medicare, Medicaid, and private insurance companies, the facility must be able to stay up with the reforms. In the SNFs, there is quite a significant increase in the regulatory restrictions. In this, the consolidated medical billing and coding has become a patent system in covering the services within the scope of SNF care. Hence the medical biller must have a sound understanding of the inclusions and the exclusions in the consolidated billing to ensure timely reimbursement.

Unless the facility takes care of all these aspects in their billings, along with some other SNF billing challenges, it would be difficult for SNF to survive. https://www.247medicalbillingservices.com/

Challenges Faced By SNF Billing For having a successful claim in the skilled nursing billing and coding, the knowledge of codes for the consolidated billing is required. Also, familiarity with the items covered and not covered by Medicare A is essential. If a procedure is covered by Medicare B and not Medicare A, then the SNF biller has to identify it in a separate bill.

Some of the common challenges SNF Billing faces that wreak havoc on the revenue are the following. Once these challenges are managed and mitigated, the facility will enjoy running smoothly.

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Some of the common challenges SNF Billing faces • Challenge 1: Failure to Keep Patient Information Up-to-Date • Challenge 2: Inexperienced Team • Challenge 3: SNF Residency of the Patient • Challenge 4: List of Drugs • Challenge 5: Improper Coding & Documentation • Challenge 6: Not Tracking the Claims • Challenge 7: Account Receivable Management

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How to Mitigate These Challenges?

• One of the best ways to mitigate these seven common challenges SNF Billing faces is by outsourcing the SNF billing and coding. An outsourced SNF billing company like 24/7 Medical Billing Services has the knowledge to take care of all the billing and coding challenges an SNF faces. They also have the latest software that works with other payments.

• Did you know outsourcing skilled nursing billing services helps the provider to increase their cash flow by 17 percent while reducing by 80 percent the billing errors?

• Contact us today to know more about how 24/7 Medical Billing Services can help your SNF with skilled nursing billing and coding and revenue cycle management. https://www.247medicalbillingservices.com/

About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 42 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%.

Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice.

Media Contact: 24/7 Medical Billing Services, Ohio: 28405 Osborn Road, Cleveland, OH 44140 Georgia: 3001 Greenfield Drive, Marietta GA 30068 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com https://www.247medicalbillingservices.com/