Medical Billing Blogs
When it comes to running a successful medical clinic, efficient billing procedures are a high priority. If systems start to fail, it may be time to reevaluate whether in-house billing is the best for your office.
As healthcare specialists know, medical billing can be a complicated process, and the fast-paced demands can leave claims open to mistakes. However, having well-trained billers on your side helps reduce the chances of those mistakes costing you the full reimbursement.
A successful medical billing team requires the capacity and process for following up on claims. According to the Center for Medicare and Medicaid Services, around 30% of claims are denied, never received, or ignored. Failing to follow up on denied claims results in lost revenue for a clinic, and preventative steps are only a part of the solution.
Investing in the right software can do wonders for your administrative and financial systems. When looking at an EMR or EHR system, a cloud-based one has many advantages for a medical office. One of the biggest: the practice’s data is stored on external servers and can be accessed via the web. Typically, this type of software also supports a local back-up option in case the practice wants that too.
The complexity of the medical billing process can be a detriment to a clinic with an unorganized system. Even one incorrect note or out-of-date record can cause a claim to be denied, which requires more time from the billers to correct and risks the full reimbursement.