Oncology Medical Billing Services
Want to outsource Oncology medical billing and coding to TRCB so you can focus on your practice’s clinical aspects? Our tailored oncology billing services will help you achieve higher reimbursements and financial stability!
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Results-Driven Oncology Billing Services
< 30
Days in AR
25-30%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Overview of TRCB Oncology Medical Billing Services
Oncology is a rapidly developing multispecialty that manages care plans and treatments for patients from different demographics with varying tumor formations. All these factors add to its complexity and complicate billing and coding, especially if you lack a proper understanding of the processes and coding systems.
Besides, the ever-evolving regulations, coding systems, and different billing requirements for each payer make claim creation an intricate task. Non-compliance with rules can land you in legal battles, upcoding or undercoding may compromise your credibility, and not following payer requirements can lead to lost revenue. However, outsourcing of oncology billing services overcomes these challenges!
Common Challenges in Oncology Billing
When it comes to billing oncology procedures, the coders must have a complete understanding of the treatments to ensure they choose the correct codes, use appropriate modifiers, and supply adequate documentation for reimbursements. Oncology has procedures ranging from major organ resections that involve the removal of a significant portion or complete organ affected by cancer to reconstructive surgeries like breast reconstruction.
Collecting your rightful reimbursements can be a struggle if the coders and billers responsible for handling your insurance claims don’t know when to use a code or include a modifier for added specificity.
Compliance Issues
During Oncology billing, adhering to the frequently changing regulations and coding guidelines can be a struggle. Non-compliance can lead to disciplinary actions and fines, putting your reputation at stake.
Inadequate Documentation
Insurance companies requires adequate documentation to justify the medical necessity and appropriateness of performed Oncology procedures. However, if you submit claims without vital information, it will result in denials.
Coding Errors
Oncologists treat several types of cancer patients, each requiring different services and procedures. Using incorrect oncology billing coders in medical claims can lead to payment delays and lower patient satisfaction.
Lack of Verification
Not verifying a patient's insurance eligibility or obtaining prior authorization for a specific procedure is another major challenge in oncology medical billing. It is cause denials, leading to revenue leakage.
Outsource Oncology Billing Services to TRCB
Trying to overcome the oncology billing and coding challenges is easier said than done! Thus, we designed our oncology medical billing services after taking feedback from leading oncologists on the challenges they encounter while trying to survive in the competitive healthcare landscape.
As your trusted oncology billing company, TRCB work like an extension of your team and oversee some non-clinical aspects of your practice. However, you don’t have to worry about losing control over the process, as we ensure complete transparency and deliver comprehensive insights into your practice’s financial performance.
AAPC-Certified Coders
Clean Claim Submissions
Efficient Denial Management
High Collection Rate
Access Expert Billing Team
100% HIPAA Compliance
Data Protection
Serving Oncology Practices Nationwide
Yes, we know different states have varying regulations and billing guidelines that you must comply with to avoid lawsuits and financial penalties. That is why oncologists struggle to find a reliable medical billing partner. Not anymore! TRCB offers tailored oncology medical billing services nationwide to guarantee 100% regulatory compliance with differing state laws.
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Competitive Pricing Guaranteed
Receive your reimbursements at the lowest prices! TRCB provides Oncology billing services at some of the most competitive rates in the market. Enjoy customizable solutions! Contact us to get in touch now.
Frequently Asked Questions
Answers To Common Questions
What makes TRCB the best outsourcing Oncology billing Company?
TRCB stands out for its result-driven Oncology billing services. Our experienced billing experts submit thousands of clean claims every day by staying current with specific coding and payer requirements. Our results speak for themselves.
Why should I outsource Oncology billing services to TRCB?
Oncology billing requires assigning specific procedural and diagnosis codes for a variety of conditions and treatments. Due to the high-risk nature of this specialty, average Urologist may find it difficult to keep up with all the codes. Hence, it is better to outsource urology billing services and let a professional handle medical coders and billers handle everything.
How much does it cost to outsource Oncology Billing Services to TRCB?
TRCB is a cost-effective alternative to many other top names. Our Oncology billing services typically cost a small percent of your total revenue monthly collections.
What are benefits of outsourcing Oncology billing services?
Outsourcing Oncology billing services offers the following benefits:
Reduced Operational Costs
Access to Experts Staying Abreast with Modern Technology
Patient Satisfaction
Revenue Growth
100% HIPAA Compliance
Data Protection
What is the most challenging aspect of Oncology billing?
Coding and documentation are the most challenging aspects of Oncology billing. Both require specialized knowledge and experience as well as extra time and energy.
TRCB provides VIP, white glove revenue cycle management for healthcare organizations to maximize your revenue, reduce denials, and ensure faster reimbursements.
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