Orthopedic
Optimize your orthopedic medical billing by leveraging the expertise and processes at QB to achieve your revenue cycle goals.
The financial health of an orthopedic practice is closely tied to the efficient submission of claims and the timely receipt of accurate reimbursements. While the billing process might seem straightforward, it’s actually quite complex due to the wide range of surgical and non-surgical procedures performed in orthopedics, varying payer-specific rules, and intricate billing codes. Orthopedic billing specialists need a deep understanding of the services provided to ensure accurate claims processing. Unfortunately, many practices face challenges with this. Around 35% of orthopedic surgery claims are processed incorrectly by commercial carriers, and more than 25% of medical claims are rejected, with 15% never being resubmitted. As a result, orthopedic practices are leaving billions of dollars in revenue on the table each year.
Due to the high cost of orthopedic services, denial rates can lead to substantial revenue loss, which in turn impacts patient care. To avoid this, it’s essential to have experienced professionals who can accurately code and bill charts to maximize revenue. QB is a trusted orthopedic billing partner committed to improving your clean claim submission rate, boosting cash flow, and reducing denials.
The QB Advantage
Partnering with QB allows you to optimize your orthopedic billing processes. We work as an extension of your team, providing customizable, scalable solutions to enhance efficiency and help your practice thrive. Your success is our priority. Still not convinced? Here are a few more reasons why QB stands out in orthopedic medical billing.
In-Depth Knowledge of Orthopedic Billing Nuances
Navigating the increasingly complex revenue cycle regulatory environment is a challenge. It’s more critical than ever to adapt billing processes to changing regulations to ensure compliance. We help transform your orthopedic billing by leveraging well-defined, up-to-date processes to prevent non-compliance penalties.
Best Practices & Performance-Driven Approach
Streamlining orthopedic billing to reduce errors can be a challenge. With years of experience, we create customized strategies to improve clean claim rates and ensure consistent cash flow. Plus, our software-agnostic approach enables us to seamlessly integrate with your team, allowing us to start working with your practice right away.
Expert Orthopedic Billing & Coding Professionals
Our highly trained and experienced team is proficient in orthopedic medical billing services. With AAPC-certified coders, we are experts in assigning ICD, CPT, HCPCS codes, and modifiers to various procedures. Our billing professionals have an exceptional track record of processing claims for both commercial and government payers.
Reduced Costs, Increased Revenue, and Maximized Profitability
Managing billing in-house is costly. By outsourcing to QB, you can save on expenses like salaries, benefits, technology, and training costs, while accelerating revenue through timely claim submissions and increased reimbursements. As a leading orthopedic billing company, partnering with us will significantly improve your profitability.
Orthopedic Revenue Cycle Management Services
We ensure all necessary authorizations and verifications are in place before claims are submitted.
Our coding experts apply the correct ICD, CPT, and HCPCS codes to ensure accurate billing.
We handle the entire billing process, ensuring timely and correct claims submission.
Our team works to resolve denials and improve collection rates.
We help enhance documentation to ensure better coding and reimbursement.
QB Insights
Our analytics allow us to pinpoint the root causes of denials, reducing the chances of repeated errors and rejections. Based on our extensive experience, here are some common reasons for orthopedic claim denials that are entirely preventable.
Orthopedic Sub-Specialty Experience
- Arthroplasty
- Bone Health Center
- Chiropractic
- Foot and Ankle Surgery
- General Orthopedics
- Hand Surgery
- Hip and Knee Surgery
- Joint Replacement
- Kinesiology
- Occupational Therapy
- Orthopedic Oncology
- Orthopedic Trauma
- Osseointegration Clinic
- Pediatric Orthopedics
- Physical Therapy
- Physiotherapy
- Podiatry
- Shoulder and Elbow Surgery
- Spine Surgery
- Sports Medicine
- Trauma Surgery
At QB, we understand the complexities of orthopedic billing and are dedicated to helping you improve your revenue cycle. Partner with us to reduce denials, streamline your billing process, and ultimately, increase your practice’s profitability.