Medical Billing Company Case Study

Have you considered hiring a medical billing company, but aren't sure that is the right step for your practice? Maybe your organization is having trouble reworking denials or you have a higher than expected percentage of claims sent back due to incorrect coding or patient data. Every practice has different pain points, but almost every medical enterprise could use some help improving their reimbursement rates and lowering the charge off ratio. Hiring a third party billing agency can help you achieve those goals.

There are a number of reasons people may decide to outsource their billing and collections. Maybe you're operating with a skeleton staff and simply don't have the human capital to devote sufficient time to managing that part of the
Especially in this day and time when the healthcare industry is waiting to see what changes will come with a new president in office and 2017 Meaningful Use Stage 3 payment penalties on the horizon. So, along with 24/7 support and service, look for an agency with a solid track record, verifiable references, and evidence they have experience working within your medical specialty. Ask how the firm proactively manages risk prevention and online security. The medical billing company you choose should demonstrate forward thinking vision with strategies and solutions for today and tomorrow, along with a scalable technology network, which leads us to number 3 on the list of
When you put your billable charges in the hands of an outside medical billing company you must make sure the equipment they use integrates with Practice Management and EHR software you are already using, or plan to deploy. Streamlining operations is vital when you want to shave off minutes that will equate to hours, thereby reducing payroll dollars and cost per visit numbers. The potential to reduce operating costs is huge when fully integrated EHR and PM systems are used in conjunction with third-party medical billing agencies. Creating a seamless data sharing path between your PM, EHR and patient billing systems also reduced human error and speeds up the visit-to-billing cycle. Technology that enables interoperability helps medical practices identify and correct potential billing errors faster and easier, saving the practice time, money and stress on the staff. Look for modern, technology with state-of-the-art security systems and protocol.

Number Four: Extensive Training & Resources

The best medical billing agencies provide ongoing, extensive training to their staff. Rules change continuously, MU is still being rolled out in stages and as bugs or security issues are identified CMS and other agencies modify their expectations. It is also vital that you partner with a company that provides sufficient training and professional development opportunities