What You Need to Know about Physician Billing Services
Medical coding and billing tasks have to be managed in a very systematic manner by clinics, long term care facilities, acute care facilities, hospitals, clinics, group practices and solo practitioners. If in-house staff is assigned to take care of the jobs, it could prove to be quite expensive. A lot of investment is required to hire and train staff and pay their salaries. State-of-the art infrastructure needs to be maintained. These issues can be easily addressed by medical practices if physician billing services are availed of from reliable companies.
Manage Your Accounts Efficiently with Physician Billing Services
Experienced and certified staff provides efficient and speedy billing services. The in-house staff is free to focus on other core processes and physicians can focus more on patient care. Profits can be gained immediately and the level of customer satisfaction also increases. When the processes are streamlined and the accounts are taken care of well, a tremendous improvement is seen in the revenue inflow. There are minimum claim denials and maximum reimbursements. The primary concentration of reliable service providers will be on the resolution of old account receivables and submission of new claims in a very timely manner. They take care of all the paperwork. The streamlining of medical billing is done efficiently to ensure smooth transactions. The services that are provided include:
- Insurance enrollment
- Patient enrollment
- Insurance verification
- Scheduling
- Coding
- Insurance authorizations
- Collections
- AR collections
- Billing and reconciling of accounts
Advantages of Physicians’ Billing Services
Whether emergency physicians’ billing services, or services for other medical specialties, the following are the major advantages offered:
- Fewer denials and cleaner claims
- Diagnostic coding for all the specialties
- Follow-ups on submitted claims on a regular basis
- Cost-effective services
- Regular QA checks
- Billing process that is tailored to meet specialty requirements of the individuals
- Flexibility in using medical billing software. Your billing company can use its own software or work with your office software
- Weekly meetings to go over reports and evaluate work done
- Monthly meetings, bi-weekly telephone meetings as well as video conferencing for evaluating the progress of claims
- Technical assistance 24/7 along with an escalation sheet during emergency
Physician billing services should be obtained from a medical billing company with a good reputation. In such a company, the main focus is always on the business goals and specific requirements of its clients. Companies that are keen to safeguard the good reputation they have built up strive hard to ensure customer satisfaction and earn customer loyalty.
About The Author
Outsource Strategies International (OSI) is a leading physician billing company offering physician billing services for gastroenterologists, endocrinologists, chiropractors, neurologists, dermatologists, ophthalmologists, surgical specialists, and more.
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