Specialty: Nurse Practitioner-led Primary Care
Service Offering: Full-Service Billing
Practice Management Software: AdvancedMD
Introduction
This case study illustrates how a nurse practitioner-led primary care practice transformed its revenue cycle management by partnering with a medical billing company. The collaboration enabled the practice to increase revenue, reduce administrative burden, and improve patient access.
Background
The NP-led clinic provides comprehensive primary care, chronic disease management, and preventive services to underserved populations. Despite its growing patient base, the practice struggled with inefficient billing operations, leading to reduced cash flow and provider burnout.
Revenue Cycle Challenges
- Incorrect Coding: Inconsistent CPT/ICD-10 coding due to lack of billing expertise resulted in claim denials and compliance risk.
- Time-Consuming Prior Authorizations: Managing prior authorizations manually slowed down patient care and delayed billing.
- Eligibility Errors: Missed eligibility checks led to billing rework and patient dissatisfaction.
- Underutilization of Billable Services: Providers were unaware of all reimbursable services (e.g., chronic care management, wellness visits).
Objectives
- Increase Reimbursement: Maximize revenue through accurate coding and utilization of all eligible services.
- Improve Claim Accuracy: Ensure clean claim submission to reduce denials and rework.
- Accelerate Prior Authorizations: Speed up authorizations to improve patient scheduling and billing timelines.
- Enhance Eligibility Verification: Catch insurance issues upfront to reduce patient billing surprises.
Intervention
The medical billing company provided the following solutions:
- Coding Audits & Training: Conducted routine coding audits and trained NPs on compliant and optimized coding practices.
- Authorization Support Desk: Introduced a dedicated team to manage prior authorizations, freeing up clinical staff.
- Real-Time Eligibility Checks: Integrated eligibility verification tools with AdvancedMD to catch issues before service delivery.
- Revenue Optimization Review: Identified and implemented billing for underutilized codes like AWV, CCM, TCM, and behavioral health screenings.
Results
Metric | Before Implementation | After Implementation | Improvement (%) |
---|---|---|---|
Clean Claim Submission Rate | 80% | 97% | 21% |
Prior Authorization Turnaround | 72 hours | 24 hours | 67% |
Denial Rate | 20% | 6% | 70% |
Average Payment time | 48 days | 22 days | 54% |
Monthly Revenue | $220,000 | $365,000 | 66% |
Billable Services Captured | 65% | 92% | 42% |
Conclusion
By outsourcing its billing to a specialized medical billing company, the NP-led practice significantly improved its financial health, compliance, and operational efficiency. This allowed the providers to concentrate on delivering high-quality care while achieving sustainable practice growth.