What You Need to Know About HIPAA Compliance for Medical Billing
Technology advancements in the healthcare industry have impacted the world of providers. It is true that the changes in AMA terminologies, as well as the advent of innovations in medical science, have completely changed the dynamics of the practices.
While it is evident that a paperless environment reduces day to day hassles in operations, yet it cannot be undermined that several malpractices have also crept into practices, just to ensure quicker reimbursements. However, these methods can only be termed as the lack of business vision with enough examples of fraud that can be detrimental to the future of a health entity.
♦ Ultimately, insurance companies have a strict process with claims adjudication & medical billing. The Payors function as a custodian of patient welfare with rapid changes in federal regulations.
♦ They also have checks & balances in place that helps them determine false practices instantly. Hence, HIPAA compliance, especially in medical billing, is of prime significance today.
♦ Providers must ensure proper guidelines with their coding & billing standards that help guarantee quality adherence with secure reimbursements in place from the insurance companies.
♦ Not only the private insurers, Medicare as well as Medicaid also have stringent processes & periodic amendments that have to be abided by a provider.
Strategic intervention with security
HIPAA guidelines today are more applicable than ever before considering the multiple exchange points that are present today. Discretion on behalf of your in-house staff is an imperative principle of effective protection of the rights & privacy of the patients.
♦ Ensuring the right levels of security is indispensable these days & its absence can leak confidential information into wrong hands. As a disciplined vendor, you must have a comprehensive plan in place with your operational practices in medical billing.
♦ Monitoring all the pivots are a necessary best practice & today with the arrival of automation & technology portals, breaches in network security & possible viral threats must be avoided.
♦ A medical coder is an indispensable part of the entire billing process. They will constantly stay abreast of the new updates regarding regulations in HIPAA compliance. Having a disciplined understanding of the new policies in insurance regarding quality metrics will be a key ingredient.
Also, ICD-10 standards with 100% HIPAA adherence must be the desired platform for a modern coder. Your medical billing process has to be streamlined with complete transparency & your team in billing & coding should initiate responsible measures in accordance with compliance guidelines that will help you secure consistent cash flow from the insurers laying down a roadmap to your success.