Welcome To Our Medical Billing Blog

Did you know by simply adding a 59 modifier to a bundled surgery code that is performed in two separate sites, such as medial and lateral compartments, your claim for both procedures should be paid?

What Are The Direct Benefits Of Outsourcing Your Medical Billing?

There are so many benefits to outsourcing your medical billing, you will see changes almost immediately in your bottom line. The first benefit you will notice is your staff is much less stressed and harried when you outsource your medical billing. As a bonus, you will also realize extra monies saved in the fact you don't have to pay an employee sick leave/vacation or even a regular salary. You have no state or federal taxes and you don't have to worry about unemployment claims.

You won't have the headache of upgrading and keeping up with software to process your medical billing. Your office manager won't have to watch additional employees and you will no longer have to pay a clearinghouse for your electronic claims submissions of your medical billing. As postage has become more and more expensive, you won't have the expense of stamps or postage for your medical billing either.

When you outsource your medical billing, you won't have the headache of keeping up with specific coding changes and the books that must be purchased, one more expense gone off your bottom line. Your medical billing partner will notify you of upcoming changes your staff needs to be aware of in order to keep your medical billing running smoothly.

Your medical billing partner will handle your aging for you and do soft collections, this frees up your staff to do what they do best: service our patients and help your practice grow.

Best of all, your claims will be reimbursed in less than 2 weeks as opposed to the up to 90 days you are most likely experiencing with your current method of processing your medical billing claims.

The only downside to outsourcing your medical billing claims is that you aren't doing it now!

If you are a Chiropractor, you may not realize that all the benefits traditional health care providers enjoy by outsourcing their billing are available to you, as well. You may think that all Chiropractic offices are stuck handling their own billing and insurance reimbursement forms. Not true! Now that Chiropractors are finally getting the respect they deserve as legitimate health care providers, they are able to enjoy benefits that have been enjoyed by general health care providers now already for years.

With more and more insurance companies approving Chiropractic treatments for medical reasons, many Chiropractors suddenly find themselves and their staff overwhelmed with insurance claims forms, medical coding requirements, even Medicare and Medicaid forms in some cases. Your employees might find themselves spending hours filling out these forms. Wouldn't your rather your employees spend time on patient care and records, rather than trying to sort through confusing reimbursement forms?

The AMA estimates that every paper form you file costs you $7-$13, and that does not factor in employee hours or the cost of necessary software. Data-entry and coding errors are also very costly, and they increase turn-around time on your reimbursement. This means your cash flow is suffering.

Outsourcing your Chiropractic Billing is the easy, stress-free solution. As a Chiropractor, you finally enjoy status equal to traditional health care providers. Shouldn't you enjoy equal benefits to your Chiropractic Practice, as well? Don't wait another day to decrease your overhead, increase your cash flow, and enjoy more time and resources to devote to your patients and your practice.

You probably know them as management experts, trainers or consultants. Their job is to guide companies and its executives improve their systems & processes and make this more efficient and cost-effective in the marketplace.
The medical billing outsourcing industry, calls them practice management consultants; management experts who are often required to be equal parts software and hardware experts. Because of the confidential nature of their services, these professionals are considered business partners in many companies that hire them.

Do you need a medical billing consulting services? How do you pick these professionals? Here are five questions to ask your potential business partner:

1. What is your experience in the billing and coding industry? Can you cite other experiences relevant to this consultancy? Consider the professional's credentials and length of service in medical billing and coding industry. Does this person have a clear picture of the complexities in the industry?
2. What is your personal mission and vision in life?
3. Can you refer me to your clients with whom I can speak?
4. What are your fees? Can I have a break down on this?
5. If I hire you, will you do the audit and assessment yourself? If you delegate this, who are your associates and what are their credentials?
6. What are your systems in evaluating the work you do?

You should view this conversation as an opportunity for both of you to discuss your needs and the details of how these should be addressed. You should assess this professional's suitability to work for your practice or hospital, based on his or her values, skills, experiences, and integrity.
This is a two-way street, for both of you are weighing the possibility of a partnership in a healthy working environment.

Every day orthopedic physicians are faced with issues regarding insurance payment submissions. While submitting claims on HCFA forms verses submitted the claims electronically, doctors run the risk of not receiving their payment due to late submissions, or else lack of authorization for a claim.

When providers use a professional medical billing service as a resource of outsourcing their insurance claims it reduces risk, and at the same time reduces some of the workload for the physician. Forms received electronically provide physicians a quicker method of payment. When claims are submitted electronically, it takes a couple of hours to review each claim and determine whether the claims are denied or accepted.

Once it has been determined that the claim is rejected, the orthopedic billing service will make necessary changes and ask for a resubmission in order to reduce loss. Professional billing services provide physicians current information on "all" insurance claims, as well as, keeping the chain of communications open with insurance companies on a daily basis.

Outsourcing provides practioners the advantage of getting the bills handled daily without paying a full time staff salary. The payments are steady, since the billing, service will set up a schedule for outsourcing on a daily basis. While outsourcing billing services vary, many can offer advantages such as, receiving fees on time, setting up payment for patients through a billing system, and so forth. The ethical and legal responsibilities of billing services will provide an accurate outsourcing solution for most insurance providers and practioners, including HMO, Medicare, and Medicaid claims.