Medical billing errors can cost a practice thousands of dollars each month. Software deficiencies and completing your billing in-house can leave your staff with questions, insufficient time necessary to complete research, and staggering costs to keep your system current throughout the ever-changing medical billing industry.
The number of tasks that can accumulate when completing corrected claims, reconsiderations, redeterminations, appeals and much more can become daunting amidst the everyday scheduling of patients, obtaining records and providing treatment. However, with a medical billing company, these are normal tasks focused on day in and day out. With an additional team centered on these tasks alone, you gain knowledge and perspective on how each individual insurance processes differently, what their unique requirements may entail, and in turn, find yourself with increased revenue.
If you already have a medical billing company on your side, take a second to consider if they provide any additional benefits to your practice.
Start by asking yourself a few questions. What services does your billing department truly and thoroughly provide to your practice? Do they have the time and knowledge to provide any services beyond submitting charges and payment follow-up? Are you positive you are getting the most reimbursement possible for all your services? Does your current billing department have time to fight every denial?
If you answered no to any of these questions, see what a valuable medical billing company should provide for your practice. An all-inclusive medical billing company is one that attends to each aspect of your practice. If your current billing department is struggling to keep up with any of these important additional benefits, you may want to search for a medical billing company that can focus on every single one these services for you.
By partnering with a medical billing company that can facilitate in each of these areas, you gain a true extension to your practice. Many providers feel as though outsourcing their medical billing causes them to lose control over the ins and outs of their practice. However, having a medical billing company on your side increases your control. If you are not finding this with your current billing company, it may be a sign to look elsewhere to enhance each area.