FAQ: What is the typical turnaround time for claims processing with oncology billing services?
The turnaround time for claims processing can significantly impact the financial health of oncology practices. Oncology billing services focus on accelerating this process by ensuring claims are accurately coded and submitted promptly, reducing delays associated with errors or incomplete information.
Typically, well-managed oncology billing services submit claims within 24 to 48 hours after patient visits or treatment, enabling quicker reimbursement cycles. They also monitor claims status continuously and address any issues or denials swiftly to avoid prolonged delays.
While payer response times vary, oncology billing services work proactively to minimize the overall days in accounts receivable (A/R), often achieving faster turnaround compared to in-house billing.
By optimizing the claims submission and follow-up process, oncology billing services help oncology practices maintain steady cash flow and reduce the time between service delivery and payment
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