Is Your Medical Billing Company Truly An Extension To Your Practice?

Outsourcing your medical billing to a company who has the infrastructure to enable your practice to reach its fullest potential is something to be taken seriously.

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.

Credentialing Services for participation in all open insurance networks.

As your range of acceptance in networks increases, so would your number of patients.

Re-validation paperwork to keep you enrolled with no gaps.

A gap in network participation could lead to a compilation of unexpected denials and unexpected increases in the amount billed to your patients.
These secondary issues could create a trickle down affect that could lead to months of work to fix.

Patient and Insurance Collections to obtain every dollar you are owed.

A gap in network participation could lead to a compilation of unexpected denials and unexpected increases in the amount billed to your patients.
These secondary issues could create a trickle down affect that could lead to months of work to fix.

Easy to review and complete access to your data at all times.

Being able to see for yourself how your receivable is being maintained, how each patient’s account is developing, specific questions of concern outlined on reports you have never had available are all qualities that should be accessible anywhere and everywhere through your billing company.

Practice Management to fulfill every goal you want your practice to reach as well as uncover areas that could improve.

Every practice is unique; a billing company who can focus in on your individual attributes and help identify and improve qualities specific to your specialty is one worth the partnership.

Software that is always updated to the current standards of the medical industry.

Updated software and training to maintain it can be costly. Find a billing team who can do this for you.

Time and ability to make sure every single charge is submitted and followed-up on, including fighting claim denials.

Focusing on every claim, never leaving one to fall between the cracks takes a dedicated team of personnel. An experienced billing company can maintain your claims and complete the necessary follow-up.

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.