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Why Every Medical Practice Should Prioritize Billing and Coding Oversight
The reality of mitigating risk as a solo practitioner or running a small practice often means spending less time with patients and more time completing practice management tasks, like coding and billing. In many private practices, the doctor is solely responsible for selecting codes at the time the note is complete, based on their documentation of the visit in a paper chart or through an electronic medical record (EMR).
When outsourcing your practice’s coding and billing services, it’s critical the service carry errors/omissions insurance and liability coverage, which will pay for breach disclosure communications and lawsuits in the event of a security breach involving patient records.
Whether coding and billing are kept in-house or outsourced, physicians can always submit reports to their CPAs to check for transparency and accuracy and hire additional qualified professionals to perform independent audits.
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