Updating Your Fee Schedules. It’s Important to the Health of Your Clinic

Updating Your Fee Schedules. It’s Important to the Health of Your ClinicMaking 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.

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The Cost of Outsourcing Medical Billing

The Cost of Outsourcing Medical BillingIf 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

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Strategic Planning for 2019 and Your Medical Office

Strategic Planning for 2019 and Your Medical OfficeAs 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.

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How to Interview an Outsource Medical Billing Company

How to Interview an Outsource Medical Billing CompanyFirst off, if you’ve finally decided to interview a few outsource medical billing companies, congratulations! Outsourcing your medical billing can offer a whole host of benefits to improve the overall efficiency and profitability of your practice. The trouble though is finding a medical billing company that can actually deliver on the lofty promises that they give you when you’re in initial negotiations. At Outsource Receivables, we’ll be completely transparent throughout the negotiation process to ensure that we’re always up front about what we can and cannot do. If you’re just beginning to look for a medical billing company, be sure to keep the following tips in mind.

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Improving Your Practice’s Accounts Receivables (A/R) When You Should Call the Professionals

Improving Your Practice’s A/R When You Should Call the ProfessionalsOne of the biggest problems for a medical practice, or any business for that matter, is ensuring you get paid in a timely manner. What private practice medical providers often forget is they are not just providing medical services to their patients, they’re also running a business. If your medical practice doesn’t treat itself like a business, it will likely run into trouble down the road. One of the areas that trips up many medical practices is A/R or accounts receivable. At Outsource Receivables we’re constantly working with medical practices of all sizes to institute strategies and procedures to improve A/R. When A/R is healthy, so is the overall practice.

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Medical Coding Errors: What They Cost A Private Practice

Medical Coding Errors: What They Cost A Private PracticeAs a medical practice owner, have you ever had the feeling the practice was running along smoothly only to then be bogged down with several medical coding errors all in a row? Did the errors result in you not being properly reimbursed for services? While one or two medical coding problems may be trivial and easy to solve, continued coding errors often result in loss of income for practices. Thankfully, the medical coding experts at Outsource Receivables can help minimize these errors and in turn boost the profitability of your practice.

Medical coding errors can be extremely costly not only in terms of lost revenue, but also in terms of frustration felt by patients. According to the Institute of Medicine, medical billing errors cost practices between $17 – $29 billion each year. These are staggering numbers that emphasize the enormity of medical coding errors…

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