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.
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
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.
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.
In a nutshell, medical billing and coding are the engines that keep a healthcare practice in business. Any errors or inefficiencies along the way can create a longer and more labor-intensive process for receiving payment for services rendered. As we reach the end of the year there are things that a medical practice can do to maximize revenue and make the end of year process simple. Staying on top of medical billing in the 4th quarter is crucial for stopping reimbursement headaches.
Have you considered outsourcing medical billing for your clinic or practice to a third party? There are numerous advantages to selecting a medical billing service that is staffed with highly experienced professionals who can handle all of your billing and coding needs. Outsource Receivables, Inc. (ORI) is that company. Our process is highly efficient and could save you time and money. Partnering with local medical billing experts is better than working with an offshore vendor where customer support and privacy concerns can be overwhelming. ORI provides customizable services that can manage whatever you need. Services range from a small portion of your clinic’s revenue stream or up to the entire billing process given a boost of efficiency.
