Staff feel overwhelmed? Spend too much time to file a rejected claim? Do not feel you are being paid properly for the medical services you provide?
Maybe it’s time you consider whether medical billing service makes sense for your facility.
Medical billing services solve many common administrative problems in health facilities – often while reducing costs and raising morale.
Let’s explore the 7 signs you need to spend on your medical billing.
High Turn Over Staff
If you have a high turnover among your administrative staff, medical bills can quickly switch from an annoying liability to a horror movie.
When someone leaves, you are forced to:
Share work among team members who already have full workload
Allow people who have other talents, but little to know about billing and coding, to handle your highly sensitive part of the practice
Spend a lot of time training a new person who might leave you before the training really pays for themselves.
High employee churns lead to reduced revenue, more mistakes and can lead to poor patient care.
In addition, the responsibility for medical billing and struggle can actually improve your ability. For those who already feel full load, doing something as complicated as billing can easily become the proverbial straw that breaks the camel’s back.
But medical billing services improve this by bringing reliability and consistency into the process, reducing this unnecessary weight to your staff.
Need to Increase Revenue
With many payers, you may be paid more for sick patients. You know that this is not meant to make the patient sick, but to know the fact that if your patient has more morbidity, the doctor should spend more time with the patient.
Not having a proper diagnosis code on a claim can reduce your payment rate. Having an incorrect code representing the severity of a patient’s condition affects your salary.
With procedural code, the unintentional billing code for MRI without contrast, when contrasting with and without contrast is done, can cause your clinic to be paid less than it should.
Medical service providers already feel the weight of payments being deducted from sources such as Medicare and Medicaid. Insurance companies are negotiating tariffs to beans. They focus on creating better quality based payment systems – many relying on the right coding to prove quality.
Members of the medical billing service staff are trained to use the coding correctly and correctly convey the information to maximize your revenue.
Tired of Pending Payouts
Are you bored with pending payments and extra work because the claim was denied?
According to McKesson, rejected claims can cost an additional $ 25 to be fixed and sent back.
If this happens with any frequency, you must not only wait for payment; You lose money.
Some common claims for refusal reasons include:
Duplicate claims … usually due to poor recording or lack of communication
Billing for things not covered by the insurance company
Missing from filing date
Medical billing service specialized in medical billing. Some medical practices have a 30% rejection rate while a high-ranking billing service in a medical billing service review may have a refusal rate as low as 2%.
That’s what you want. Get paid quickly Get what you owe Without the hassle of rejection.
Do you distribute billing duties among staff members – and even clinical staff – who has other jobs? Do your administrative staff work through the weekend to pursue claims?
If so, you are not alone. Many practice to expand their existing staff rather than outsourcing because they think they are not able to do so. But, as you can see, outsourcing adds efficiency and increases in salary rates that make recruitment plausible. Regardless of the size of your practice, medical billing services work.
Exceptional staff members not only do not have a healthy life balance; they are also more likely to make good mistakes in billing and other jobs.
Patient Care Improvement Required
Does the receptionist not recognize the incoming patient because he is so focused on filling the claim? Are nurses slow to get to the exam room because they are tied up billing? Can the office manager not manage the staff properly