Specific codes for ophthalmology are essential to enhance the financial strength of the practice. However, handling the treatment of disorders along with billing procedures can be a cause of hassle for Ophthalmologists. Billing and treatment are equally important, and it is a challenge to operate with both priorities.
With Altermed RCM it is easy to eliminate the burden of administrative functions and focus on clinical care. Our billing professionals have excellent tools and experience with the specifications of Ophthalmology to improve the profitability of the revenue cycle.
We understand the mounting complexity of the Ophthalmology billing process and take absolute measures to ensure a smooth workflow.
A seasoned outsourcing partner can handle the specification of this specialty with ease. In addition to that, the team of experts can bring the necessary knowledge of Revenue Cycle Management to achieve financial goals.
At Altermed a team of professionals is dedicated to the specialty of Ophthalmology. Our team is competent in billing and collections. It guarantees accelerated reimbursements, reduced costs and an improved bottom line.
Outsourcing billing allows your ophthalmology practice to allocate internal resources more efficiently, maximize revenue, reduce administrative burden, and focus more on patient care. According to the page, outsourcing helps remove billing denials, ensures higher accuracy, and enables a practice to concentrate on clinical rather than administrative work.
According to the page, Altermed submits 95% of all claims within 24 hours of receipt (excluding weekends and holidays). For the remaining 5% (which may need extra provider information), standard submission timing applies.
The cost is based on a flat percentage of net payments collected by the provider. This percentage covers commercial and government payments, co-pays, self-pays, and capitation. The page notes that internal (in-house) billing typically costs around 10% of earned income, and outsourcing with Unify costs “much less than that.