Common Billing Mistakes that Can Cost You Money
In the busy billing office of any physical therapy practice, mistakes are bound to happen. With so many details to take care of and information to sift through, it’s literally impossible to be totally error-free. For practices to maintain good cash flow however, it’s not about avoiding mistakes altogether; it’s about avoiding the ones that can cost you the most. Below are some of the most common of these costly errors:
1. Not filing claims in a timely manner
As we’ve pointed out before, the late submission of claims is one of the recurring reasons why claims end up denied or delayed. Many payers set a filing limit that can be as little as a month after the date of service. Go beyond this limit and the claim may be denied.
To avoid denials, it is crucial that claims be filed on time, ideally as close to the service date as possible. This greatly improves your chances of collecting and consequently keeps your cash flow
