The challenge faced by pathologists in their quest to maximize collections is crossing the biggest hurdle of claim denials. According to CMS (Center for Medicare and Medicaid Services), over 30% of medical claims that are submitted are either denied, lost, or ignored. No practice or company can actually afford to lose such a whooping percentage of revenue.
With increasing healthcare costs and patient responsibilities, healthcare providers are now facing major pressure to keep up with the latest trends for their medical billing and coding service needs. Providers also lose more than 20% of actualized revenue due to poor Revenue cycle management strategies and lack of billing expertise. When it comes to Cardiology, the stakes are higher due to the complex nature of the specialty.
Obstetrics and Gynecology (OB/GYN) is a very busy division of any healthcare organization. This branch deals with childcare, pregnancy, and female health issues. It is common acceptance that OB/GYN is one of the most challenging branches for medical billing and coding experts. OB/GYN practitioners perform and recommend various tests and procedures for pre and postpartum women, and suggest different screenings for women in different age groups. As a result, OB/GYN billing and coding get complicated.