Improving Patient Collections – Medical Billing

Physicians’ office and medical billing companies employ various effective strategies to boost the medical insurance billing collections. In order to achieve enhanced collections and make practices more profitable, it is essential to focus on patient AR as well. But, there is a lethargic stance while working with patient receivables despite the fact that patient receivables contribute to a significant percentage of the total medical billing collections. Continue reading “Improving Patient Collections – Medical Billing”

How does insurance eligibility verification helps in reducing denials and the medical billing cycle

insurance verificationInsurance eligibility verification is the foundation of the medical insurance billing cycle and it has the power to decide the fate of a claim. At times we don’t give adequate significance to doing insurance eligibility verification. We have an impression that certain claims don’t require insurance eligibility verification and we fail to foresee the consequences that we would have to face by not doing the verification. When it comes to business, big or small, a loss is a loss. The loss is to be borne by physicians or patients. Even the medical billing companies are at loss if there are delays and denials. Continue reading “How does insurance eligibility verification helps in reducing denials and the medical billing cycle”

Why physician credentialing is important?

why physician credentialing is important

As a physician, it is essential for you to be credentialed and be in par with several prominent insurance carriers. You have to add this on top of your task list to improve your practice performance and serve your patients in a better way. Just like taking up professional licenses or buying a new machine for clinical procedures, getting credentialed is also an essential requisite to run a smooth practice with minimal risks. There are companies that provide physician credentialing services. You can save time and reduce the paper work by outsourcing the work to them. Continue reading “Why physician credentialing is important?”

How do you get rid of heavy work pressure, save time and money while you outsource medical billing?

Healthcare billing involves interaction with patients, insurance companies, clearing house and other organizations making it a complicated process. It is also a time consuming process that includes insurance eligibility verification, patient demographics, medical coding, charge entry, claim submission, payment posting, denial management and accounts receivables management. Apart from this, medical billing also requires potential human resource, proper communication and regular follow-ups. Continue reading “How do you get rid of heavy work pressure, save time and money while you outsource medical billing?”

4 main reasons why physicians should outsource medical billing

For enhanced patient care:

The prime goal of doctors is to render quality service to their patients. They also have to keep up with their patient schedules that they do not find time to maintain their work – life balance! How many times do we see doctors skipping their meals to attend long hour operations? It’s obvious that they don’t have time to work on medical billing and other back office activities that demands complete focus. On the other side, when they don’t concentrate on medical billing, they will be losing millions of dollars in improper billing. Continue reading “4 main reasons why physicians should outsource medical billing”