![]() Denied claims put a dent in your practice’s profitability because it requires extra staff time and delays reimbursement, affecting cash flow. In the case of a denied claim, you’ll need to appeal the decision by submitting a reconsideration request. A denied claim requires more work to correct. If your claim is rejected, you can correct the error and resubmit the claim. One of the most common causes of claim denials is improper coding - using codes for individual services rather than a bundled code if services were provided in the same visit, missing modifiers, and simply using the incorrect code. Here’s why getting claims submission right makes such a big impact. If you want to keep your speech therapy clinic open, you’ll need to master insurance coding (or hire someone who can handle it for you). While medical billing isn’t an exciting topic for those who are focused on providing care, it’s essential to running a practice that is sustainable. Ready to take the headache out of insurance claims? Let’s dive in!Ĭlaims submission isn’t why you started your career in speech therapy. ![]() ![]() In this guide, we’ll explain why accurate coding is essential for a profitable practice, the different types of codes and what they’re used for, the most prevalent codes - the ones you’ll probably use most often, common mistakes to avoid, and best practices for getting reimbursed. How can you reduce the number of claim rejections and denials? How do you know which codes are the most accurate for the services you’re providing? How can you make sure you’re reimbursed for all the time you’re spending with a patient? ![]() Even if you have experience in medical billing, the sheer number of codes presents a challenge. Insurance coding can be confusing, especially ICD-10 codes for speech therapy. Types of Codes and What They’re Used For Most Prevalent Codes How Insurance Coding Impacts Your Practice’s Profitability
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