Guaranteed to Save 15% in Medical Billing Costs if Outsource With Outsource Receivables
In the business world, there are truly few guarantees. You likely started your medical practice with a grand mission of providing the highest level of care to your patients. While you likely still hold true to that passion, you also likely have been jaded by the massive amount of administrative headaches that occur with running a medical practice. One of the those headaches likely has to do with medical billing. Your office likely spends significant time tracking down late payers, and responding to denials from insurance providers.
There has to be a better way, right?
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One of the hardest aspects of running a medical office is ensuring that patient claims are handled and paid in a timely manner. On the surface this sounds fairly easy, but in reality when you’re dealing with self-payers, insurance companies and multiple types of providers, keeping track of everything that it takes to run a smooth medical office can be quite daunting. Thankfully there are options including outsourcing your medical billing to an experienced team like Outsource Receivables.
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.
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.
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.
