New year, new opportunity to streamline your billing workflow and revenue cycle. Medical offices should discuss their budgets for the next year and what they can invest in for peak efficiency. One of the most important areas to evaluate: the billing process. Properly reimbursing your medical office requires expertise from a broad range of your staff, which can make it difficult to pinpoint an issue. It starts with the front desk as they gather insurance information, to the doctors or nurses charting and coding, and then the billing team verifying codes and procedures. Additionally, as the healthcare industry continues to evolve, billers will need to stay on top of coding changes and regulations.
One of the best solutions for saving money and streamlining your process: outsourcing your billing.
Some of the key benefits for joining with Outsource Receivables Inc. includes:
- Reducing claim coding errors. When you have a team of experts on your side, there are less overall errors that could cause a claim to be rejected and then risk of delays or limited reimbursement.
- Increase your revenue. With less errors and a team that will help follow up on unpaid claims, medical offices can improve their revenue cycle. Plus, hiring an outsourced team compared to a salaried billing team can often save an office money annually.
- Speeding up the claim reimbursement process. Less denied claims and claims finished in a timely manner mean that you get reimbursed quicker.
- Increasing the likelihood of recovering outstanding claims. Once we partner with a clinic, we also go over their process to ensure it’s all running smoothly. Having the correct contact information and a system set up that lets the front staff know when to follow up.
- Providing a confidential location to store patient records. Protecting your patients’ confidential information is an essential part of every practice, and we are experts in ensuring this takes place with the right software.
- Ensuring that your medical practice stays in compliance with the ever-changing billing rules and regulations. We are experts at medical billing and how to stay on top of industry changes.
- Offering detailed reporting that can be customized to fit your practice’s needs. Knowing exactly how your office benefits from our services helps us maintain our clients and let you properly see how your revenue cycle improves.
Outsource Receivables Inc. would be proud to partner with your clinic and bring it into a new age of prosperity. Our team of billing experts helps our clients improve their processes and revenue so they can grow into 2022 confidently.