Reports suggest that if your coding is inaccurate, you may be losing a whopping ten percent of your overall practice revenue. This occurs in up to 30 percent of the claims that come from any medical office.
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Diagnosis codes refer to the basic information required for coding claims. These codes prescribed by the ICD (International Classification of Diseases) are used to describe the diagnosis, symptoms, conditions, problems or complaints associated with the treatment of a patient. At the forefront of Medical Billing Companies UAE, FTC aims to help you recover lost revenues and put your revenue cycle back on track. Call us today to know how.
Usually, the ICD codes are used in association with the HCPCS (Healthcare Common Procedure Coding System) codes. HCPCS codes are defined at three levels:
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A claim that your payer considers having zero or negligible defects is known as a 'clean claim'. A clean claim easily and successfully navigates the insurance systems for rapid payment. For the most rewarding Insurance Claim Process Abu Dhabi, partner with FTC today.
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Inaccurate medical coding is a major reason for your claim to be denied even though the service you provided to the patient was eligible for insurance. Your practice will lose money since you won't be fully paid for the services you provided. This is known as under coding.
Over coding happens when you report codes in a manner that results in a higher payment by the insurer. This can be considered to be fraud and may lead to legal and financial penalties.
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Fast Track Claims Management Consultancy
Abu Dhabi, U.A.E
Phone: +971 2 6580360
Mobile: +971 52 3747557
Fax: +971 2 6657764