Nursing home care is the third largest segment of the healthcare domain and is expected to grow further. In fact, giving the present situation and demographic, it is seen that the demand for the growth of the nursing home care is rising day by day mainly due to the increase of the aging population covering 75 years and above.
Moreover, even with such a huge demand the nursing home care still faces billing problems even today like:
- Insufficient employees- today with the rising healthcare cost, it has become very difficult for healthcare practices to hire a team of expert billers and coders handling the nursing home billing problems. This is why it is often seen that healthcare practices end up sticking with limited billers and coders creating a lot of work pressure and burnout. In fact, it has been also seen that in-house billers due to the excessive work often end up juggling in between the administrative and billing work; resulting in a delayed billing process and a delay in reimbursements.
- Incorrect data and incorrect coding process – incomplete or missing information and incorrect entering of codes are one of the common nursing home billing problems. A piece of wrong information, wrong modifiers to HCPCS or CPT codes and even mismatch of ICD codes not only results in claim denial but hours of rework for billers and codes, wasting a lot of time and money.
- Backlog formation- due to the complex nursing home billing and the heavy workload of in-house billers the backlog formation is common thus again resulting in the delay in the billing process.
However, today finding a solution to all your nursing home billing is easy with the right operational extension by your side.
Helping you with 75% of operation cost reduction and a 99% billing and coding accuracy rate, there is RCM organization that offers the highest productivity metrics in the market. Ensuring the highest collection rate they also have benefits like no binding contract, free transactions for the first thirty days and even excellent industry references and testimonial. Ending all your nursing home billing problems, the outsourcing RCM organization not only ensures a seamless nursing home billing process but also efficient cash flow so that you can ensure more focus on your patient care management.
