Etactics

MAY 11, 2023

This goes without saying that millions of dollars sat with those denied claims, and some practices missed out on that revenue. So we are here to help you with this blog! For today, let’s look at revenue codes and how important they are in the medical billing field. Table of Contents What is a Revenue Code?

Physical Therapy 52

Physical Therapy Urgent Care Quality Assurance Hospitals 52

Etactics

DECEMBER 1, 2023

If you keep up with our blogs or work in the industry, you know exactly what I’m talking about. We are here to help you avoid unnecessary billing and coding mistakes so you can collect your revenue promptly. Preventing denial codes is essential if you want to keep a steady revenue flow. Category 3: These are temporary codes.

Medicare 52

Medicare Medicaid Medical Services Rehabilitation 52

Etactics

OCTOBER 11, 2023

That doesn’t sound great, but if you flipped the script you’re still receiving 66% of your claim revenue. In 2021 hospitals lost an average of $5 million to their total revenue due to denied claims. That’s exactly the code that we’re going to take a deep dive into in this blog post. There is serious revenue on the table here.

Hospitals 52

Hospitals Healthcare Accountability Medicare 52

Etactics

FEBRUARY 23, 2024

Current Procedural Terminology (CPT) codes are so important to understand when it comes to having a better-streamlined revenue cycle for your company. Without proper billing and coding, physical therapists will lose out on revenue. These CPT codes only cover chronic lower back pain (cLBP), as I mentioned earlier in this blog.

Physical Therapy 52

Physical Therapy Medicare Rehabilitation Medicaid 52

Etactics

APRIL 13, 2023

Interestingly enough, the United States falls last in the administrative efficiency category worldwide. If you look back at our previous blogs, you can even find a few of them. So in this case the claim went through the processing cycle, after a medical billing professional submits to a payer, but has an error.

Regulations 52

Regulations Nursing Prevention Healthcare 52

Etactics

DECEMBER 21, 2021

Since both types of codes deal directly with the patient, they’re considered the front-end of the revenue cycle. Unfortunately, that also means both of those types of codes fall under the category that accounts for a lot of denials for healthcare organizations. Claim scrubbing is tedious, especially when done manually.

Accountability 52

Accountability Doctors Healthcare Patient Experience 52

Etactics

JANUARY 18, 2023

There are ways you can avoid claim rejections and thus keep your revenue flowing. This is fortunate given there are hundreds of different reasons why a claim can’t proceed in the cycle. For the sake of this blog, let’s focus on the CO group code. Denial code CO-45 thankfully falls under that category. Conclusion.

Healthcare 52

Healthcare Healthcare Providers 52