If you’re reading this article you probably own or hold some stake in a medical practice. You may be feeling at a loss for how to best improve your efficiency and boost revenue. That fact that you’re reading this though, means you’ve come to the right place.
Lotris Medical professionals are your best resource to optimize your medical coding processes. A US-based company located in New York’s Capital region, Lotris is comprised of coders certified by the American Academy of Professional Coders (AAPC). Lotris cares about building a partnership with you based on communication and education to create ideal business processes for your practice to succeed and generate long-term, positive revenue results.
Your accounts and medical coding aren’t something that you can entrust to just anyone who opens up ICD-10 and claims they can just, “figure it out” on their own. Medical coding is a complex, multi-layer process that Lotris CPC professionals have become expert navigators of the codebooks and guidelines.
Time is of the essence with medical coding and the faster claims are forwarded over to billing, the sooner funds can be received to keep your practice up and running. While speed is important, accuracy is just as, if not more, important. If more than 10% of all your claims get denied and sent back for reevaluation you could have a serious efficiency problem on your hands.
There are 3-key-questions you need to answer to know if your medical coding is being done efficiently:
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Is your percent of claims paid on first submission less than 90%?
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Does it take more than 30 days for a claim to be paid?
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Are more than 15% of your accounts receivable older than 120 days?
If you answered yes to one or more of the above, then your practice could be headed for major financial trouble in the future. As you can see, this is a task you need to be completed quickly and accurately by a company thoroughly versed in medical coding. With Lotris, you will have that.
The best coder you’re looking for is known as a CPC or Certified Professional Coder. CPC is one of the most recognized certifications for medical coders in the healthcare industry today. By investing in Certified Professional Coders (CPC) you guarantee quality, efficiency, and a higher ROI (return on investment). At Lotris Medical, our team is a staff with over 25 years of industry experience. The owners of Lotris are also nationally certified instructors of the CPC curriculum.
You might be wondering though, what does a certification even mean? In order to be certified, coders such as ours have to demonstrate mastery of a standard body of coder knowledge i.e. all of the code sets (CPT, ICD-10-CM, HCPCS Level II). This is tested in a 150 multiple choice exam, proctored over 5 hours and 40 minutes.
Lotris Is Your Resource for CPCs
By choosing to work with Lotris’ CPCs, not only are you investing in coders who are proficient in their industry but ones who have the dedication to prove their credibility by becoming certified. You can take comfort in knowing exactly what skill set our coders will have when you consult with Lotris Medical.
Another consideration is that our CPCs abide by a continued commitment to pursuing further professional development even after they’re hired. By outsourcing to Lotris, you’ll never have to worry if your coding processes have become outdated and obsolete. Our CPC stays current with medical coding changes and trends by completing 18 credits of continuing education and renewing their certification every year to maintain their credentials.
The experienced CPCs at Lotris are tried and true in both speed and accuracy with the credibility to be the most profitable to your practice. A certified professional coder is our promise of fewer errors and therefore fewer denied claims. How nice would it be to run a smoother healthcare practice where every payment could be made on time? An investment in a group of highly experienced CPCs can make a world of difference.
You can contact Lotris Medical for more information email Mmensing@lotrismedical.com or call 800-989-0781.
[1] Source: https://reviewob.com/improve-cash-flow-by-outsourcing-billing-coding/ [2] Source: https://medicaleconomics.modernmedicine.com/medical-economics/news/finding-right-medical-coder?page=full
