Healthcare Information Technology plays significant role in Medical Billing Industry. Choosing precise Electronic Health Record and Practice Management on a complicated Specialty like Dermatology Billing is vital. MGSI has highly qualified and professional team who have years of experience in implementing and optimizing the EHR Setups for the Dermatology Practices.
Dermatology Billing includes same day surgery codes where the concept of multi surgery reduction plays a role. High Paid Surgery codes are to be billed in descending order. Carriers cut the reimbursement of each surgery after the first by a percentage, usually 50% for the 2nd and then pay only 25% for the 3rd and additional surgeries Are your billing team educated on handling such high paid surgery codes? Leveraging on MGSI can curb unnecessary challenges when handling Dermatology billing.
Cosmetic Procedure Billing is unique concept in Dermatology Specialty. Cosmetic Procedure codes does not come with standard billed amount. The Charges sheets should be reviewed clearly to obtain the exact billed amount. Cosmetic Procedure will always be Self pay Payments and will not be billed to Insurances for reimbursement. On a Dermatology Practice Cosmetic Payments contributes nearly 10% to 15% from the monthly Practice Payment. It’s better to have well experienced team when working in Cosmetic codes has the team should have in depth knowledge in Charge Entry as well as Payment Posting. Since on Cosmetic Billing the Front Office will also collect more Prepaid Payment for the future Cosmetic codes which also should be posted and documented correctly in the Practice Management.
