Expert Medical Billing & Revenue Cycle Management Tips
Stay informed with the latest insights in medical billing, revenue cycle management, and healthcare financial strategies. Our expert-driven blog covers industry updates, best practices, and practical solutions to help your practice optimize billing, reduce denials, and maximize revenue. Explore our articles and take control of your financial success today!
How Much Does a Medical Billing Company Charge?
If you’re in the market for a medical billing company one of the key things that you’re likely wondering about is cost. While cost is always important, there are many other factors to keep in mind when it comes to finding a reputable medical billing company. At Outsource Receivables, we’ve been providing medical billing services to medical offices around the country for decades. We take pride in our work and are confident that not only can we make your medical office more
Collecting for Your Services
Collecting the patient responsibility portion of your billing can be a challenge at any time of the year. However, it’s particularly difficult during the first quarter of the year as insurance deductibles reset.
With the start of a new year upon us, we’d like to share with you some tips from our proven service on how to collect more of your billables from patients.
Updating Your Fee Schedules. It’s Important to the Health of Your Clinic
Making yearly updates to your charge fee schedule is one of the most important things a doctor can do to ensure the collection of an appropriate amount for services.
Lowest Denominator
Each year, Medicare updates their payment schedules for medical services. Typically, this is the lowest rate a doctor can expect to be reimbursed by any insurance provider. As the lowest denominator for which fees are paid, setting your schedules to collect an appropriate amount from Medicare is the right place to start.
10 Ways to Make My Medical Office More Profitable in 2019
As 2018 comes to an end, it’s a good time to start focusing on your medical office’s goals for 2019. At Outsource Receivables (ORI), one of the most common goals we hear our clients mention is profitability. Every medical office wants to be more profitable, but it can often be difficult to turn that desire into action. Read on to learn a few tips that we’ve encountered while working with a large number of medical offices over the past several years. If you have any questions, or you’re interested in discussing having our team visit your practice for a free no obligation medical billing assessment, just give us a call at 866-585-2800.
The Cost of Outsourcing Medical Billing
If you’ve been looking for ways to improve the efficiency and profitability of your medical office, you’ve likely thrown around the idea of outsourced medical billing services. If you’re unsure of whether your medical practice could benefit from outsourcing your medical billing needs, the team at Outsource Receivables thought it would be beneficial to explore some of the financial benefits you’re sure to receive. In fact, we’re so confident in our services, that we don’t just advertise that you save money by switching to our company, we actually guarantee it! Read on to learn more about our services
Changes for Medical Billing in 2019 | What’s on the Horizon
Every indication is that there will be changes coming in 2019 for medical billing and coding. It’s important to stay current with any changes since mistakes can result in financial loss and wasted time. The team at Outsource Receivables, Inc. has you covered with easy-to-use technology solutions and a team of experts who work to support your success. Some areas to watch for change include; the Medicare physician fee schedule, Part B drug payments, coding changes in
Top Medical Billing Companies in Chicago, IL
Medical billing services from Outsource Receivables, Inc. (ORI) provide an excellent return on your investment. As one of the top medical billing companies in Chicago, Illinois; ORI excels at finding innovative ways to support medical practices through high tech solutions for billing, coding, claims processing, electronic records keeping, and more. You are in good hands with our experienced team of analysts and coders that understand the challenges of a medical practice. It’s good to know who you are dealing with when it comes to things like confidential patient records storage and client account management. ORI is a locally based, US company with a office in Chicago, IL.
How to Use a Billing Company to Fix Your Broken Practice Management System
Managing a medical practice can be incredibly complex. From scheduling appointments, to dealing with staff schedules; running a practice can quickly become overwhelming. Thankfully there are several practice management systems that can help ease some of the pain felt in a clinic’s back office. Due to our vast experience in the medical billing arena, Outsource Receivables can help you revamp your systems to ensure your practice is running as efficiently as possible.
The Problem May Not Be Your Practice Management System, But in How it’s Being Utilized
Why Buying Local is Best – Outsource Medical Billing in Your Backyard
If you’re looking to boost the profitability of your medical practice, you’ve likely entertained the idea of outsourced medical billing. The issue then becomes how to choose the best company for your practice’s needs? We’ve compiled a checklist to help you with this big decision.
Strategic Planning for 2019 and Your Medical Office
As we approach the end of the year, it’s a great time to start planning for 2019. At Outsource Receivables, we encourage our clients to take some time to assess the previous year. If you have any questions or need any help, feel free to give us a call. We also offer a customized performance improvement, free no-obligation assessment for your practice. That’s right… an initial evaluation of your present health care billing processes, existing performance benchmarking, and identification of opportunities for financial and overall clinic improvements.
Start Optimizing Your Revenue Cycle Today
Not sure where to begin? Our FREE financial assessment will identify opportunities to improve your revenue cycle and increase collections.