All You Want To Know About Skilled Nursing Billing Services

1. All You Want To Know About Skilled Nursing Billing Services

2. All You Want To Know About Skilled Nursing Billing Services Most skilled nursing facilities (SNF) face a double quandary because first, they have to operate under increasing financial pressure, and second, there is rising anxiety over staffing and infrastructure. Added to the Balanced Budget Act of 1998 changes the way SNF reimbursements are done. This article will give a comprehensive guide on SNF billing and problems and how to overcome them. https://www.247medicalbillingservices.com/

3. Challenges of Billing with Skilled Nursing Facilities The payment on a per diem basis, on the other hand, means CMS pays a fixed amount to SNFs under Medicare A. In such a case, the SNFs pay the providers of the contracted nursing services. To get this payment, the SNF has to follow specific procedures: • For getting paid, SNF has to claim the consolidated billing for Prospective Payment Systems (PPS) • Medicare A pays the SNFs on a per diem basis https://www.247medicalbillingservices.com/

4. Other Problems faced by Skilled Nursing Facilities in Billing Some of the situations that lead to reimbursement for the services rendered are: • Applying incorrect codes for the services, which leads to claim rejection • Staff lacking sufficient knowledge of the services covered by Medicare A and B • The nursing facility fails to accommodate or understand the cost borne for the per diem or fixed payment. Since there is a range of elasticity in the cost of services that fixed rates offer, services often fail to encompass that, which results in loss of payment https://www.247medicalbillingservices.com/

5. How To Make The Skilled Nursing Facility Thrive? • There is a rise in the aging population and the demand for skilled nursing facilities. But many SNFs fail to prosper because of the above challenges and problems. However, the best way to mitigate them is by outsourcing the SNF billing services to a third-party organization such as 24/7 Medical Billing Services.   • Over the years, 24/7 Medical Billing Services has helped nursing facilities improve their revenue. The focus of 24/7 Medical Billing Services has been to reduce claim rejections while helping nursing facilities to build better services. https://www.247medicalbillingservices.com/

6. About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 42 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice. Media Contact: 24/7 Medical Billing Services, Ohio: 28405 Osborn Road, Cleveland, OH 44140 Georgia: 3001 Greenfield Drive, Marietta GA 30068 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com https://www.247medicalbillingservices.com/