Medical Billing Services Offered

Often times, the choice to outsource your medical billing to a billing company comes as a stressful, worrisome decision. At first, many physicians are worried about transferring the medical billing services from in house to outsourcing simply because they don’t know the many benefits that there are and services that medical billing companies may offer. The point of outsourcing your medical billing isn’t simply paying someone to do the work you don’t have time for, medical billing companies often offer a number of services, some of which you may even be unable to do on your own. Payment posting and processing Patient invoicing and support Medical coding Claims generation and submission Insurance eligibility verification Carrier follow up Collection agency transfer services Transcription Appointment scheduling Credentialing Not all medical billing companies perform all of these services, but for the most part, they are usually widely practiced in medical billing companies. When you look at the list of services offered by medical billing companies, it is much easier to see why outsourcing to a medical billing company can be a great option for your practice. Not only do medical billing companies handle your billing as a less costly rate than doing your medical billing from home, but they offer plenty more services on top of that, which means you are really getting more out of your money.  Good medical billing companies only higher medical billers with CPC Certifications, Bachelors, or even Masters Degrees in the medical billing field, and this ensures that only the best most proficient medical billers are working on your account and handling your financials. Without a medical…

Not Ready To Commit? How About A Medical Billing Service Trial Period?

Okay, we know this question doesn’t get asked every day. But maybe it should, especially if your office is experiencing a lot of late or uncollectible payments, ICD-10 coding difficulties, or maybe CPT code confusion. End your worries now, and call a medical billing service to get you caught up and current with these problems that won’t go away and that will only snowball. Find out now if a medical billing service company can clear up these issues, suggest some new ways to handle your difficult accounts, and smooth your office’s change over to the new medical codes. Plus, with a little bit of luck, a medical billing service will be able to offer you this service on a trial basis, during which you can decide if you would like a long term solution with them. This solution works because there would be no long term commitment for your medical practice. You would be able to see what the service does and decide at your pace if engaging the service of a medical billing service company full time is the solution you are looking for. If you have always done your medical billing from your offices maybe now is a good time to see what options are out there for you in today’s medical billing companies. Most if not all can seamlessly engage your EHRs, or can also work with paper files if you use them. They may be able to show you how to make the transition to a more automated approach for your offices which will make the process of medical billing for your patients easier and…

Medical Billing Services And Aged Receivables – Help Is On The Way

Can’t stand to look at the list of your aging A/Rs? Well, maybe it’s not that long, or you’re not owed that much. But if they are out of control, maybe it’s time for a medical billing service to take this task over for you, clear it out, and get you back to a clean slate.   Remember, medical billing services work on accounts that aren’t overdue just as well, but if you need to clear out old receivables, a medical billing service can be just what the doctor ordered.   If your staff had the time to work on these problematic accounts, maybe they would never have gotten old. But now that they are, what’s more important – figuring out why it happened, or getting that owed-to-you revenue into your hands?   If you have many overdue accounts, your medical billing service might decide to work on the latest and largest ones first. Smaller balance accounts that are not long overdue may be next, the idea being don’t wait because they could become bigger headaches later. Then it is time for the difficult accounts, now that the easiest ones are cleaned up. These are the hardest accounts of all to collect on, but a diligent medical biller will, just so that all concerned won’t have to think about them anymore. Then starts the work of trying to determine how they got so old, so that proactive measures can be taken to keep it from happening again.   Work on the very old receivables may require numerous telephone calls to resolve, especially to the payer. Old receivables may need…

Disaster Recovery – A Premium Medical Billing Service

If your medical office experiences a natural or man-made calamity that takes out electricity, plumbing, water supplies and your computer system with it, are you going to hang out a sign that says, “Closed due to disaster”? Or not?   The day when disaster strikes is not the day to wish you had a disaster recovery plan. Although many businesses are not prepared for occurrences like these, that is rapidly changing. At one time, an off-site, backed-up data system took care of everything. Sometimes, it took several days to get your business going again, but back then, it took everybody that long. We made allowances for it. These days, that solution is no longer an option, for anyone.   Now, a relatively new idea called business recovery has become big business and for medical billing services and medical offices, it is a field that can provide many benefits. Medical billing services in particular that can offer this service to clients are providing peace of mind, and for a relatively low cost can provide clients with an invaluable service.   Medical related businesses of all kinds are moving toward the technology known as cloud storage. Cloud storage has made the goal of business recovery one that will be relatively painless if it is ever needed. It stores company and patient data in a virtual location that is accessible from any computer with Internet capabilities. Medical billing services, physicians’ offices and hospitals all over the country that use it know that their business will continue as usual in the event of any disaster that strikes.   Imagine never having to say…

Electronic Document Submission: If Not Now, When?

In what might just be the last bastion of manual paper processing in the United States today, did you know that there are still offices that process their medical claims manually instead of electronically? Somewhere, medical claims are actually still written down by hand on paper forms, then either mailed or shipped to insurance companies, and what is even more surprising, are accepted by insurers!   If this comes as news to you, you may be surprised as to how it can still be occurring. But take heart! As most in the medical community already know, there is going to be a time – sooner rather than later – that manually produced claims will be no more, and will have to be created electronically. At some point, nothing else will be acceptable. Currently, most if not all medical billing companies are processing claims electronically to the exclusion of all other methods.   Reduced error rates, costs and transmission speeds are the primary benefits of electronic document submission. These days it should take seconds, not days, to send a claim in to insurance. Can’t you already picture shorter revenue cycles, increases in the number of claims sent, faster payments, and happier clients? And you won’t even have to hire more staff to get it done. This is a prime example of today’s business adage, “Work smarter, not harder.”   In a triumph for technology, some software for electronic document transmission can locate errors that might be missed in a manual document submission. Reduced errors naturally lead to reduced revenue cycle times, another plus. Fixing these kinds of errors would take…

What is Medical Billing?

Simply put, medical billing is the submission of your claims to insurance companies for reimbursement. Medical billing in itself, though, is not such a simple process. Patient reports, which include all pertinent information regarding a patient’s visit, their diagnostics, treatments, etc., have to translated into medical codes before being submitted to insurance companies. The medical coding system is extensive and elaborate, with coding standards and guidelines and thousands upon thousands of relevant codes within the system, it often takes a specialized team to handle even one practice’s billing and coding. Medical billing requires specialized professionals simply because it is commonplace for insurance claims to be submitted incorrectly. Because the coding system is universal, claims have to be completely uniformly for submission, and simple mistakes can have claims sent back without reimbursement, and then valuable time and resources are wasted. Due to the difficulty with handling medical billing, there are a number of options with how you can handle your own practices medical billing, each of which will work best for different types of people. Firstly, you can do your medical billing in house. This option is best for smaller practices and those who have time to dedicate to their billing and the attention to detail necessary to maintain the billing. Doing your own medical billing in house lets you be closer to the process and keeps the control in your hands, but again, only if you have the time available to spend doing your own billing Electronic medical billing is also a way to improve the accuracy of in house medical billing. Electronic billing is usually done through a…
 




web statistics