Here are some of the most significant advantages to using an outside, professional medical billing services company:
Better Staff Priorities – No one goes into the healthcare field to become an accountant or a file keeper. Outsourcing the bulk of your medical billing activities will allow your staff – doctors, nurses and techs – to concentrate on what they are best at and serve your patients in the manner they deserve. In short the morale of your staff will be improved and your patients will have a better experience in your facility.
Faster Payment – Professional medical billing companies have the people, experience and systems to quickly identify coding problems that usually delay prompt payment. In addition, their software is specifically designed to quickly and efficiently interface with the software of the insurance companies. The result is a seamless billing process – transparent to your patients – that gets you paid on time and with the most accuracy.
Increased Accuracy – The entire medical billing process is a complicated “ballet” of competing priorities. During the process, a professional billing service will coordinate this dance as it checks that the ICD-9 (and 10!) codes match everything from patient info and diagnoses to doctor privileges and treatments. The end result of this increased accuracy is far fewer delayed or unbillable claims.
Less Stress – For a health professional, there are few things more aggravating than dealing with non-medical problems like billing issues. Still, proper medical billing is extremely important to the success of any medical practice. Outsourcing this process to an outside, professional medical billing services company will reduce the aggravation of everyone in your healthcare facility and allow you and your team to concentrate on what you do best – take care of patients.