Ontario physicians face unique challenges when it comes to managing their billings alongside patient care responsibilities. With OSCAR Pro’s specialized billing calendar, staying organized in the billing cycle is made simpler than ever before.
We’re excited to introduce our 2024 billing calendar specifically designed for doctors in Ontario. You can access and download the calendar here.
Here’s how this billing calendar can revolutionize your practice:
Timely Claim Submissions
OHIP claim submissions operate on a monthly cycle, with claims due by the 18th of each month for processing. If the 18th falls on a weekend or holiday, the deadline shifts to the next business day. Claims received after the 18th of the month may be processed by month’s end.
Submitting complete, valid, and accurate claims allows for timely processing. To ensure prompt payment, it’s recommended to submit claims daily or weekly and before 5pm EST.
OSCAR Pro’s billing calendar ensures you never miss important claim submission deadlines. By staying on top of these dates, you can optimize your payment process and prevent unnecessary delays.
Accurate Revenue Projections
Physicians receive a remittance advice report (RA) between the 5th and 7th of the month following the successful submission and processing of claims. This report includes a monthly statement of approved claims.
Knowing when payments are expected is crucial for effective financial planning. OSCAR Pro’s calendar allows you to track remittance dates, providing valuable insights for managing your practice’s medical billings efficiently.
Knowing when payments are coming helps with planning ahead. OSCAR Pro’s billing calendar shows you when to expect your remittance statement, making it easier to manage your billings.
Prompt Payment Management
Payments are typically received on or before the 15th of the month. OSCAR Pro’s calendar highlights payment due dates, empowering you to follow up on outstanding invoices promptly. By staying proactive to your payment processes, you can maintain a healthy revenue stream for your practice.
OSCAR Pro’s billing calendar is a valuable asset for Ontario physicians seeking to streamline their billing operations. With its organized list of important deadlines, it provides the dates necessary to optimize revenue cycles while prioritizing patient care.
Stale Dated Claims
Another important thing to note in relation to claims is that all claims must be submitted within three months of the date of service. Claims submitted more than three months following the date of service are termed “stale dated” claims.
OHIP Billing Resources
To assist you in navigating billing, we’re sharing some helpful resources:
Schedule of Benefits for OHIP Covered Services: A comprehensive list of approved fees payable to physicians for insured medical services provided to OHIP beneficiaries. Download the schedule here.
DoctorCare Billing Resources: Our partner at DoctorCare offers a repository of tips and tricks on effective billing practices. Visit their Blog or Resource library section on their website for valuable insights.
About OSCAR PRO
Oscar Pro is a comprehensive platform designed to streamline various aspects of medical practice management. Our EMR offers a range of features tailored to meet the needs of healthcare providers, from electronic medical records to appointment scheduling and billing.
Have questions or looking to get started? Contact us today info@oscarprodesk.ca.