An important reason behind physicians and healthcare practices being underpaid is the lack of a proficient physician billing process. As a physician, you know how difficult it is to give your patients the attention and care they need while also performing billing and follow-up all by yourself. Billing becomes monotonous and tedious after a while. You also know the frustrations of putting in so much effort and time to perform the billing correctly only to overlook one or more errors that deny you the payment you deserve.
Outsource Medical Billing
So what’s the solution for this? You ask. It is to outsource. Medical billing services from professionals can actually increase your reimbursement rates for lower operating costs than you currently expend. One of the highlights of a professional medical billing and coding company is a comprehensive and capable AR follow-up system. The company’s experienced billers would keep track of forwarded and rejected claims and follow up on them.
Superior Quality Control
Your service provider, if an established one, will have a stringent QA protocol. In this way, it can minimize or even do away with errors such as missing or erroneous patient information and incorrect coding. It is actually errors such as these that can result in delays and rejections. Your partnering company will send you AR reports which will give you an idea of the progress on your claims. Apart from this, a reliable medical billing firm will efficiently provide all the regular medical billing services such as the following to greatly improve your chances of payment:
- Entering of insurance and demographic information into the billing system
- Insurance verifications and authorizations
- Coding
- Cash posting
- Charge entry
- Reconciliation
- Patient collection
- Insurance collection
Find a dependable medical billing firm and enjoy the many material advantages offered, apart from the peace of mind you will have with your medical billing streamlined.
