Coronis Health – Anesthesia

Revenue Cycle Management

The intricate billing practices associated with anesthesiology procedures and practices render them highly susceptible to audits. Medicare audits primarily focus on coding, billing, and time factors, which can trigger intensive government investigations and clampdowns on funds suspected of being used inappropriately. 

For over three decades, the experts at Coronis Health have worked with anesthesiologists in small or large groups. Coronis Health provides certified coders and medical billing specialists experienced in anesthesiology billing with all the nuances it entails.

coronis health anesthesiologist looking at medical billing data

Anesthesia RCM & Claim Management

  • Early identification and tracking of self-pay accounts
  • Electronic claim & remittance processing
  • Insurance verification
  • Concurrency coding and tracking
  • Unparalleled claim tracking & collection follow up
  • Line item posting
  • Unlimited charges, payments & adj. tracking by the provider, site, code, surgeon, zip, ICD, etc.
  • Lockbox receipt protection
  • Electronic access links to your hospital
  • Secure & protected electronic archiving of records.

Anesthesiology is scrutinized by medical auditors, who have cited numerous recurring issues in this area. Like other medical billing procedures, anesthesiology billing is also prone to various billing issues. These can arise due to perspective, neglect, or, in some cases, fraud.

While medical billing is sometimes perceived as a subjective process, allowing medical professionals to charge based on factors such as the procedures performed, equipment used, and time spent with the patient, anesthesiology medical billing is, in fact, an objective process. It is guided by a set of specific guidelines which aim to minimize the margin for error.

Revenue Cycle Optimization & Reporting

  • Accounts Receivable Management & aging
  • Expected vs. actual payment
  • Underpay monitoring and follow-up resolution
  • Payer mix analysis
  • Payment punctuality by the payer
  • Provider productivity reporting
  • Case volumes and trending
  • Demographic trending
  • Revenue projections and opportunities
  • Executive “Report Cards” and management reporting
coronis health group of four anesthesiologists revenue cycle management
coronis health anesthesiology medical biller working at laptop

Advanced & Unlimited RCM Reporting Capabilities

  • Complete database transparency & access
  • Unlimited ad-hoc & custom ad-hoc database

Potential Challenges with Anesthesia Revenue Cycle Management

Billing, coding, and documentation affect anesthesia practices in many ways. If not proactively managed, they can increase the risk of inefficiency, auditing, malpractice suits, and revenue loss. Accuracy in coding is essential not just for billing and revenue purposes but also impacts clinical preparedness, statistical databases, and the overall organization of your practice. 

Challenges in billing and revenue cycle management involve the following factors:

How Outsourcing Your Medical Billing RCM Can Help

Outsourcing revenue cycle management and billing services allows anesthesia facilities to increase coding efficiency and compliance for improved cash flow. With an experienced anesthesia RCM company as your partner, you gain the following benefits:

Questions? Contact an Anesthesiology Medical Billing Expert Today!

With decades of experience, Coronis Health can provide tailored and flexible solutions to meet your practice’s RCM needs. We understand the importance of working down AR. As technological innovators, we analyze your current workflow and utilize the latest anesthesia RCM software to streamline your anesthesia billing, achieve efficiency, and maximize your cash flow. Would you like to learn more about anesthesia billing tips and how we can build the best RCM system? Contact Coronis Health to request your free financial checkup today.