Outsourced Medical Billing and Coding – Highly Advantageous
Medical billing and coding services of low cost and with competent turnaround is available to multi-specialty clinics. Annually, the medical industry loses a lot of money because of medical billing errors, under pricing, missed charges, unreimbursed claims, missed charges, and so on. Outsourced medical billing and coding is associated with a number of advantages:
- Presence of skilled medical billing specialists.
- Use of sophisticated infrastructure and sophisticated medical billing software.
- Superior accuracy.
- Fewer denied claims.
- Speed – more work done in less time.
HIPAA Compliance for Confidentiality of Patient Information
HIPAA compliance is an important aspect to look for in a provider of medical billing and coding outsourcing solutions. This aspect incorporates security and privacy of protected health information which includes name, fax number, license numbers, social security numbers, photographs, medical record numbers, dates, telephone number, email, zip code, health plan numbers, and license numbers. It also includes the use of Medisoft, Eclipse, and other HIPAA compliant medical billing software. You must think about the individual requirements of your clinic when choosing a provider because what suits another clinic may not suit your clinic.
When a solution like medical billing and coding is conveniently available to multi-specialty clinics, these healthcare establishments should definitely make use of it.