In managing mild-to-moderate COVID-19 symptoms or other illnesses, telehealth services have become integral for delivering initial care and triaging. Telemedicine offers an efficient means to address routine healthcare needs and follow care plans. Understanding the nuances of telehealth billing services is crucial in this context.
Compelling Reasons to Embrace Telehealth Services
Since the early months of 2020, the demand for telehealth services has been on the rise, fueled by the onset of COVID-19. The adoption and patient demand for telehealth services from US physicians has surged significantly. This surge not only meets patient demand but also presents revenue opportunities for physicians, ensuring their sustainability and growth.
- Telehealth services demand increased by 65% in 2020.
- Approximately 1 billion telehealth visits occurred in 2020.
- Anticipated 5-year compound annual growth rate of 38.2% by 2025.
To capitalize on this trend and secure deserved reimbursements, consider partnering with Medi Claim Management.
Primary Challenge in Telehealth Billing – Patient Information Retrieval
Unlike traditional healthcare settings where providers have established relationships with patients through face-to-face interactions, telehealth introduces a challenge. Virtual interactions attract new patients who may have never visited the clinic physically, making it difficult to obtain comprehensive billing information. The lack of ongoing relationships poses difficulties in gathering complete patient information for claims. Outsourcing telehealth billing services to 24/7 Medical Billing Services provides an effective solution to ensure the full reimbursement of remotely treated patients.
Why Choose Us?
Telehealth billing involves complexities, including intricate CPT code modifiers. Healthcare providers often turn to Electronic Management Services for streamlined workflows and electronic health records (EHR). However, outsourcing to a third-party vendor like 24/7 Medical Billing Services offers numerous advantages:
Specialized Team: Our experienced medical billers and coders focus on your telehealth requirements for major insurance providers, enhancing claims accuracy and minimizing denial appeals.
Efficient Returns: With an expert workforce, we ensure rapid claims submission, reducing verification costs through automated EHR software.
Cost-Effective: Outsourcing minimizes costs compared to maintaining an in-house billing team, providing expert advice, maximizing reimbursement returns, and eliminating additional overhead.
Reduced Errors: Our meticulous approach significantly reduces common errors in telehealth claims submissions, ensuring full reimbursements for patient services.
More Time for Patient Care: By entrusting telehealth billing to 24/7 Medical Billing Services, you can redirect focus to patient care, improving engagement and enhancing your practice’s reputation.
Make the wise choice for your Telehealth Billing partner—choose Medi Claim Management. Contact us today to unlock the benefits of our expertise and tailored services.