Financial pressures on wound care programs and, by extension, hospitals, continue to increase. The ability to contain costs, manage reimbursement, and stay in front of regulatory and financial changes are of paramount importance to running a financially successful service line.
BILLING AND CODING SUPPORT
Billing and coding specialists are available to answer questions and provide advice when needed. We provide guidance on ICD-10 coding and best practices for billing to keep your documentation compliant.
BILLING AND CODING SERVICES
For facilities and providers interested in outsourcing billing and coding, WCA’s sister company, Medicor Group, provides both facility and provider billing and coding services.
Our denial managers assist with denials for both large and small healthcare dollars to ensure your center is paid for services provided. We also examine the minimum write-off threshold to look for missed dollars in the service line.
Your facility chargemaster is reviewed and updated annually to reflect changes in Medicare reimbursement and to provide reliable collections estimates in Luvo EMR.
Facility budgets are based on volumes and treatments to track estimated collections, keeping your facility up to date with reimbursement and projected income. Budget tracking includes admissions, treatments, and visit types, among others.