outsource medical billing
DESCRIPTION
hoose 24/7 Medical Billing Services, you choose a team with a decade old of experience in medical billing & revenue cycle management (RCM) services. Employment opportunities for medical billing and coding professionals like technicians, coders, billers, etc. are expected to soar high now. The Bureau of Labor Statistics (BLS) estimates a 22% hike in medical billing and coding jobs from 2012 to 2022, where the number of employment in the former is around 186,000 and 227,000 in the latter. Leading business magazine, Forbes reports the US healthcare industry is worth three trillion dollars in the beginning of 2015.TRANSCRIPT
24/7 MEDICAL BILLING SERVICES
Address:24/7 Medical Billing Services16192 Coastal Hwy,Lewes, DE – 19958USAPhone: +1 888-502-0537 Website : http://www.247medicalbillingservices.comEmail: [email protected]
SELECTING THE RIGHT MEDICAL BILLING SERVICE
Revenue collection is the backbone of every business but it is more so in the case of medical practices as they cannot stop attending patients all of a sudden and the depletion of money is slow and steady. This makes it difficult to detect and gain control over finances. It is thus extremely important to keep a tab and analyze the revenue cycle regularly.
Capability and Point of Contact This is one of the primary things a provider should ask a
billing vendor – their expertise and experience in handling billing for specific specialty. The provider should know whether the billing partner can handle the entire process given the size of his practice and average number of patient visits.If you run a cardiology practice, you may want to ask the company if you will have a designation personnel to review the cardiology billing and ensure accurate reports are sent to you regularly. This person should ideally also be your 24/7 point of contact.
Medical billing services
Qualification and Experience of Staff
The most common reason for claim rejections and denials is billing errors. An experienced staff will know the terminologies, latest CPT (current procedural terminologies) and ICD (international classification of diseases) codes. The billing vendor should have CPC certified ICD-10 coders considering the approaching deadline for ICD-10 implementation, October 1, 2015.
Support for Training and Billing
With the constantly evolving healthcare reforms like Meaningful Use (MU), for improving care provision, the usage of electronic health records (EHR) has increased manifold. The billing company should have the infrastructure and experience to handle the transition, and the knowledge of using various practice management or billing software.
Medical billing services
Timeline for Reimbursement
A billing company should ideally be able to file your claims within 24 – 48 hours and maintain the lowest possible account receivable (AR) bucket as applicable for specific medical specialties. In case of any delay in reimbursements, one should pre-decide the amount to be deducted or reduced from the fees. It is good to have a process in which the teams can have simultaneous access to the progress status of the filed claims.
AR Recovery Team
If there’s one team that you should pay a little extra for, it is the AR team for the religious follows ups they do. Off late pending ARs are a common thing considering the number of rejections and denials due to compliance issues. This team should be conversant with understanding the explanation of benefits (EOB) well.
Thank You
Get in touch with us…….24/7 Medical Billing Services16192 Coastal Hwy,Lewes, DE – 19958USAPhone: +1 888-502-0537 Website:http
://www.247medicalbillingservices.comEmail: [email protected]