Practice tip of the week: Billing tips

With all the useful information available on Physicians Practice, it is easy to become overwhelmed.

With this in mind, the tip of the week is a chance to reflect on some of the wisdom found all across the site. In this February 2024 article on billing tips for practices, Tina Hsiao, MBA, gives this tip:

Understanding your insurancepayer contracts

Familiarize yourself with the terms of your insurance payer contracts. Knowing exactly what your contract allows in terms of reimbursement rates, covered services, and billing guidelines helps prevent underpayment or denials. Many times providers will bill for treatments that their license allows but which that particular insurance payer’s contract does not actually allow.

Click here to read the rest of the article and be sure to check back next week for another Tip of the Week!