Medical Billing Audit

In medical billing management, there can be so many nightmares mainly because the opinions you have given above can go wrong in many ways by leading to loss or revenue issues and or compliance issues. That is why we offer Medical Billing Audit Services, to set up the process, as well as to monitor and enhance it in a timely manner.

What Is a Medical Billing Audit?

A medical billing audit is an explicit assessment of your billing and coding processes. Its purpose is to check legal compliance or to look for inconsistencies in your processes and where you can clarify them or correct them. We just use our audits as a means of doing different essential tasks, such as the validation of patient details as well as diagnosis code scrutiny.

What Is a Medical Billing Audit?
Why Are Medical Billing Audits Essential?

Why Are Medical Billing Audits Essential?

  • Stay Compliant: Meet all regulations, including CMS, HIPAA, and payer policies.
  • Protect Your Revenue: Catch errors like duplicate or underbilled claims to avoid financial loss.
  • Find Hidden Errors: Spot issues like upcoding, undercoding, or missing information before they become costly mistakes.
  • Lower Risks: Avoid insurance audits, fines, and penalties by staying ahead of compliance issues.
  • Better Documentation: Ensure your records justify the treatments and services provided, building trust with patients and payers.
  • Key Areas We Focus On

  • Code Reviews: Are your CPT and ICD-10 codes accurate?
  • Medical Necessity Checks: Do your claims show why treatments were necessary?
  • Compliance Standards: Are you following state, federal, and payer guidelines?
  • Claims Accuracy: Is all patient information and billing data correct?
  • Denial Analysis: What’s causing claim denials, and how can you prevent them?
  • Key Areas We Focus On

    Types of Medical Billing Audits

    Internal Audit

    Performs by the healthcare organization employees to evaluate the processes of billing and carry out a change.

    External Audit

    Conducted by an impartial third-party auditor because this is a more impartial examination of billing practices.

    Government Audit

    Carried out by law enforcement bodies including the OIG or the CMS. Conducted by the government through its departments, including the OIG or CMS.

    Steps Involved in a Medical Billing Audit

    1. Pre-Audit Preparation: Obtain necessary papers that may embrace billing documentation, the patient’s history, and insurance policies.
    Medical Billing Audit
    1. Audit Fieldwork: This includes decisions on things such as reviewing the billing processes in place, interviewing staff members, and reviewing the claims that are filed.
    Medical Billing Audit
    1. Audit Findings: In general declare mistakes, specify potential and actual inaccuracies, and define opportunities for improvement.
    Medical Billing Audit
    1. Audit Report: The need to get a consolidated document to compile the findings and recommendations is fulfilled.
    Medical Billing Audit
    1. Corrective Action: There must be workplace changes to correct the findings of the audit and enhance billing systems.
    Medical Billing Audit

    Common Errors We Help Fix

  • Upcoding: Charging for higher-level services than provided.
  • Undercoding: Missing charges for services rendered.
  • Duplicate Billing: Submitting the same claim twice.
  • Incomplete Documentation: Failing to justify treatments.
  • Common Errors We Help Fix
    Benefits of Choosing Our Services

    Benefits of Choosing Our Services

  • Faster claims processing with fewer denials.
  • More revenue from accurate and complete billing.
  • Reduced compliance risks and penalties.
  • Stronger trust from patients and payers.
  • Benefits of Choosing Our Services

    How We Support You

  • Thorough Reviews: We dive deep into your records to catch every issue.
  • Tailored Solutions: Get advice specific to your practice’s needs.
  • Training: We teach your team how to avoid future errors.