Billing & Coding Analysis

For any organization, the accurate and efficient billing and coding processes are important to the financial stability of the organization, but to private practices, it is imperative. InnoMed, based in Lincoln, Nebraska, provides solutions to help improve revenue cycle and processes through coding and billing procedures. 

In order to improve billing and coding, InnoMed looks at every person in your organization who interfaces with a patient. From registration through provider documentation, every detail of a patient’s visit, diagnosis, procedure, and treatment must be accurately recorded. We talk with coders on how they review and assign standard code classifications. If there is an error in coding, the claim can be denied, causing a delay in billing and payment. We review your billing process and how billers monitor once a claim has been submitted to a health insurance company or how quickly they respond to any changes that need to be made. Our expert team at InnoMed helps identify the gaps in your processes and develop changes to ensure documentation is accurate, coding is correct, and billing gets done in a timely manner to help sustain cash flow for your practice. 

At InnoMed, we understand independent physician practices face challenges of knowing all of the thousands of conditions, diseases, injuries, and causes of death, services performed by providers, medications, and supplies that must be tracked with every patient and on every visit. Most private practices do not employ a large staff to manage all of this ever-changing information that directly impacts claims that are denied, and revenue being lost. We can offer solutions through billing systems that are proven to help practices achieve financial strength. 

Having the right billing systems, policies, and procedures in place is critical to support the growth of your organization. Whether your billing and receivables are done in-house or are outsourced, InnoMed helps you structure your collections process to minimize delays in receiving payments and to increase your cash on hand. 

Our experts at InnoMed Management Group can provide you with an analysis of your processes and offer strategies to improve coding, billing, and collections functions within your organization. If you would like to discuss your physician practice’s financial concerns, InnoMed Management Group based in Lincoln, Nebraska is here to help.