knowledge to properly submit medical claims . Not only will this reduce the number of denied and rejected claims due to billing errors , but will also provide feedback to assist in maximizing reimbursements on future claims .
Outsourcing Saves Money By outsourcing your meaical billing , you could save tnousands of dollars in annual salaries and benefits ; office supplies and furniture ; and purchasing , upgrading and maintaining billing software and computer equipment . Medical billing companies charge a flat rate per claim or a percentage of the reimbursement on each claim . Either way , it is less costly than what you would pay for a medical billing staff to provide the same exceptional services that are provided by outsourcing companies .
Outsourcing Improves Cash Flow What happens when your medical biller calls out or goes on vacation ? Sometimes claims have to wait w1til they come back to work in order to be submitted . Billing interruptions ultimately affect the timeliness of reimbursements and your cash flow . Using a medical billing service allows a continuous , steady flow of claims going out and cash coming in . A steady cash flow is important for your bottom line and the success of the medical office .
Outsourcing Improves Patient Satisfaction The ability to offer excellent customer service is what all medical professionals want to provide to their patients . However , it can be quite difficult to juggle the demands of treating patients and handling billing issues . The medical receptionist is responsible for greeting patients and answering the telephone . Reducing the burden placed on your front office staff by outsourcing can increase productivity , efficiency, and employee morale . It can also increase patient satisfaction by improving patient flow . Your patients will be happy because they will receive uninterrupted courteous and professional assistance for their billing questions or issues .
Outsourcing Ensures Billing Compliance Health care is an ever-changing industry and insurance companies are partly to blame . One reason that makes medical billing a challenge is keeping up with the changes in Medicare , Medicaid , and third-party payers . It is a full-time job to make sure that the medical office is following the proper protocol required by each payer . Medical billing companies must stay up-to-date on the latest changes in regulations and requirements in order to maintain compliance and ensure the submission of clean claims .
Outsourcing Increases Revenue With the reduction in overhead costs , the timely submission of medical claims and the increased reimbursements , a higher profit is another advantage outsourcing can provide to the medical office . Tnis allows the medical office the ability to provide the best quality services using the best technology and products and the best staff . Patients are becoming more knowledgeable about health care and are makino- choices based on what provider can offer them fue best services . For this reason competition in health care has grown quickly over time and to stay in business health care professionals must maintain a competitive advantage .
Get paid 30 % more , in 14 days . 01- Get your claims paid fast - Because most of our claims are paid on first submission , you ' ll get the funds more quickly . 02- Our billing service has one of the lowest rejection rates in the industry , so you ' ll have fewer unpaid claims .
Front Cover Feature Cornell L . Newbill Medical Billing Orlando , Florida December 2018