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From Overwhelming Billing to Thriving Practice: Coronis Health Empowers Your Gastroenterology Practice 

March 26, 2024

Running a successful gastroenterology practice involves a delicate balance. While you focus on delivering exceptional patient care, the intricate complexities of billing and coding can become a source of frustration. Lost revenue, administrative burdens, and the constant challenge of staying compliant with regulations can hinder your practice’s growth and impact your commitment to patient well-being. 

Compounding these challenges is a nationwide shortage of medical coders, reaching a staggering 30% according to the American Medical Association. This shortage is fueled by factors such as the growing demand for coders as healthcare organizations expand, an aging workforce, and the difficulty in filling specialty positions like cardiology. 

Introducing Coronis Health: Your trusted partner in navigating the complexities of healthcare revenue cycle management (RCM) and empowering your gastroenterology practice to reach new heights. We offer specialized outsourced billing and coding support designed to overcome the unique challenges you face, including the current staffing shortage. 

In addition to the staffing challenge, the healthcare landscape is rife with complexities and inefficiencies. Consider this: 

  • A pre-pandemic survey by the American Hospital Association (AHA) revealed that 89% of hospitals and health systems experienced a concerning uptick in claim denials over the preceding three years. This surge poses a formidable challenge to healthcare providers, necessitating a strategic approach to mitigate financial losses. 
  • Inefficiencies in claims processing contribute significantly to the squandering of healthcare dollars. Data from Humana estimates a staggering $265 billion (about $820 per person in the US) in wastage in 2019. Streamlined and effective revenue cycle management practices are imperative for gastroenterology practices to optimize claims processing workflows. 
  • The Council for Affordable Quality Healthcare (CAQH) highlights the challenge of manual processing, with the average time required for processing a single claim being approximately four minutes. Coronis Health addresses this challenge with advanced technological solutions, automating and streamlining workflows for more efficient and error-free revenue cycle management. 

These statistics illustrate the challenges faced by healthcare providers today. 

Conquering Gastro-Specific Billing and Coding Hurdles: 

  • Decoding the intricacies: Our team of certified and experienced coders stays ahead of the curve on the latest gastroenterology coding guidelines, ensuring accurate and efficient coding for all procedures. 
  • Navigating the ever-changing regulatory landscape: We keep you informed and compliant with all relevant regulations and updates, minimizing the risk of denials and penalties. 
  • Capturing every dollar you deserve: We identify and capture lost revenue opportunities, ensuring you collect the full reimbursement for the services you provide. 
  • Freeing you from administrative burdens: Our cutting-edge technology streamlines the entire billing process, freeing up valuable time for your staff to focus on delivering exceptional patient care. 

Beyond Overcoming Challenges, We Deliver Measurable Results: 

  • Increased profitability: With our expert guidance and efficient processes, you can experience significant gains in revenue and improve your practice’s financial health. 
  • Reduced denials and improved cash flow: Our proactive approach and expertise in gastroenterology coding minimize denials, ensuring timely reimbursements and a healthy cash flow. 
  • Enhanced efficiency and streamlined operations: By outsourcing complex administrative tasks, your staff can focus on core responsibilities, leading to improved overall efficiency. 
  • Peace of mind and data-driven decision-making: Gain valuable insights and data with our advanced reporting tools, empowering you to make informed decisions about the future of your practice. 

The Coronis Way: Your Customized Path to Success 

We understand that every practice is unique. That’s why we offer a customizable approach called The Coronis Way, combining the latest technology, strategic partnerships, and high-touch relationships to cater to your specific needs and goals. 

Imagine focusing on what truly matters – your patients and their well-being – while knowing your billing and coding are in the hands of experienced professionals. Partner with Coronis Health and breathe easier, knowing your practice is equipped to achieve excellence and financial stability. 

Ready to learn more about how Coronis Health can help your gastroenterology practice thrive? Schedule a free consultation with one of our experts today and discover how we can be your trusted partner in RCM success. 

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