Benefits of Outsourcing Surgery Medical Billing

Medical billing outsourcing has gained immense popularity and now many healthcare entities and medical sub-specialities are taking advantage of these services. Outsourcing surgery medical billing tasks to well-known medical billing firms ensure an assortment of benefits for surgeons and surgery medical practices.

Surgery Medical Billing Benefits: an Overview

The most important advantage of outsourcing the surgery medical billing tasks of your practice to external companies is that it will allow you to maintain a steady revenue cycle for your medical facility. Enhanced revenue and profits will definitely enhance the overall efficiency and productivity of your practice within a short time. Moreover, systematic medical billing solutions offered by an experienced medical billing company will help submit medical bills and insurance claims with excellent data consistency and accuracy within the specified time frame. This will allow you to obtain maximum reimbursement benefits and enhance the revenue and cash flow of your practice. The following are the other benefits that can be gained through outsourcing medical billing services.

Streamline your workflow: Professional medical billing outsourcing services enable you to streamline the medical billing system and workflow of your facility in an effective manner.

Reduce administrative workload: Medical billing procedures of surgery practices are more complex and demand more expertise and time, and have to be completed with greater concentration. Outsourcing these tasks to professional firms would considerably reduce your administrative workload.

Eliminate the odds of claim denials: Well-organized medical billing services facilitate submission of medical reimbursement bills without data inaccuracies, which will eliminate all the possibilities of denials or rejection of claims.

Save time and effort: Medical billing procedures of surgery practices are time-consuming. Entrusting these jobs to reliable medical billing companies will help you save your valuable time and effort and concentrate more on providing better care for the patients.

Reduce infrastructure outlay: Outsourcing the medical billing jobs of your surgery medical practice will enable you to save on capital investment that is otherwise needed to maintain innovative infrastructure, equipment, software packages and billing experts to carry out the tasks within your facility.

Avoid volume paper work: Medical billing outsourcing services designed according to your specific requirements will eliminate the need of bulk paperwork in your healthcare practice.

Along with these major benefits, perfectly coordinated medical billing services will reduce compliance risks, as well as ensure quick and precise analysis and coding evaluations, web-based billing solutions and much more.

Best Solutions in Minimum Turnaround Time

Medical billing companies, to offer the best solutions in surgery medical billing, are equipped with state-of-the-art technology, innovative equipment and software utilities. The medical billing experts in these firms are experienced and have excellent know-how about the different billing and coding procedures and the latest medical billing norms. Utilizing advanced billing software such as medic, NextGen, Medisoft, Misys, IDX, Inception, Eclipse, Medical Manager and many other packages they process medical claims and bills without any flaws within minimum turnaround time. The following are the major services offered in surgery medical claim processing:
•    Patient enrolment
•    Scheduling and re-scheduling
•    Insurance authorizations
•    Coding
•    Insurance verification
•    Billing and reconciling of accounts
•    AR collections
•    Referrals

Further, outsourcing to a reliable medical billing company would also help you benefit in terms of stringent quality assurance, affordable pricing structure with 30-40% cost savings, HIPAA compliant solutions, rapid turnaround time, and much more.

Pick the Right Outsourcing Partner

It is obvious that efficient medical billing services are a real benefit for surgeons and surgery medical practices. To enjoy optimum benefits of outsourcing surgery medical billing tasks, partner with an experienced medical billing company. Reputable companies offer facilities to take a free trial, which would definitely help you select a professional outsourcing partner after an assessment of the services provided.

Affordable Health Insurance Verification Services

Health Insurance Verification

Prior to rendering healthcare services, it is very essential that service providers confirm health insurance eligibility of the patients which will save administrative as well as financial hassles later. Affordable insurance verification services are an ideal solution for those healthcare practices that cannot afford to waste too much time as well as money on insurance eligibility verification.

Affordable health insurance verification services benefit your medical practice very much in terms of cost savings, increased revenue, increased productivity, better time management and higher customer loyalty. Today, there are several outsourcing companies that will take care of insurance verifications and authorizations for getting referrals, avoiding last minute cancellations, and providing accurate billing for you and your insurance company.

With the support of health insurance verification specialists, outsourcing companies work with patients, check for policy changes and updates, complete the paperwork, and verify patient information with the insurance carrier. They verify details such as payable benefits, co-pays, co-insurances, deductibles, patient policy status, effective date, type of plan and coverage details, plan exclusions, claims mailing address, referrals and pre-authorizations, life time maximum, and more.

Comprehensive Validation Process at Affordable Rates

Affordable insurance verification services include:

•    Receiving patient schedules from the hospital or clinics via FTP, email or fax
•    Verifying patients' insurance coverage on all primary and secondary (if applicable) payers
•    Verifying demographic information
•    Updating patient accounts
•    Contacting the patients for additional information if required
•    Updating the billing system with eligibility and benefits details such as group ID, member ID, coverage start and end dates, co-pay information and much more.

What You Can Gain from Affordable Health Insurance Verification Services

You can get maximum benefits by choosing affordable health insurance verification services. Listed here are some of the benefits:

•    Faster billing cycles
•    Faster, quicker service
•    Increased clean claim count
•    Increased cash collection
•    Reduced rework of claims
•    Reduced capital costs
•    Speed up approval and authorization
•    Simplified workflow
•    Minimize delays considerably
•    Reduce your risk factors
•    No delays in payment
•    Streamline the entire billing process
•    Free up workforce to focus on more productive tasks
•    Maximize office efficiency and economies of scale
•    Improved staff productivity
•    Reduced overhead 30 to 40% below operational

If you are looking to outsource insurance eligibility verification services, then make sure that you choose the best outsourcing company to meet your requirements. Before handing over the task of insurance verification services and insurance authorization to a reliable outsourcing firm, make sure that they 

•    Offer continuous evaluation of each account regarding the amount of returns possible and the timing
•    Follow all HIPAA guidelines
•    Provide regular QA checking 
•    Weekly and monthly status reports

Once you are sure that the task of insurance verification services is entrusted to reliable hands, you can concentrate on patient care and related core activities.

Medical Billing Companies Make Your Task Easier

Medical billing is an important process in a medical office and demands great care and attention on the part of the medical biller. Moreover, the billing regulations keep on changing from time to time and your staff might find it difficult to keep up with all these changes. Medical billing companies can make your task easier by providing accurate and timely medical billing service. With advanced software and highly qualified and experienced medical billers and coders, these firms see to it that you benefit from maximum reimbursement for all submitted claims.

Medical billing and coding involves assigning the correct diagnostic and procedural codes, detailed documentation and related services. If you want to carry out this process in-house, you would need to invest heavily on qualified staff, training and infrastructure. On the other hand, outsourcing the medical billing process to a reliable company would be beneficial. This ensures that you no longer suffer financial loss due to under pricing, under coding, or missed charges. Medical billing companies serve hospital-based physicians, clinicians, group practices, multi-specialty groups, long term care facilities, acute care facilities and other healthcare entities.

Accurate Medical Billing Services

Medical billing companies active in the field have the latest advanced medical billing software and experienced medical billers to provide accurate medical billing and coding. The special software employed is user friendly and makes the entire process easy and efficient. A healthcare institution partnering with these companies can be assured that quality work will be delivered in accordance with its specific requirements. Here are the medical billing solutions you can expect:

•    Enrollment into the Billing System

o    Demographic information
o    Insurance information

•    Verification

o    Insurance verifications
o    Authorizations

•    Coding

•    Billing and Reconciling of Accounts

o    Charge entry
o    Cash posting
o    Reconciliation

•    Accounts Receivable Collections

o    Insurance collection
o    Patient collection
o    AR follow up and collections

Customized Medical Billing According to Client Requirements

Medical billing companies provide services customized to meet client requirements. A reliable company can work as an extension to your office streamlining all medical billing processes. As a busy healthcare professional, you can devote more time to patient care and benefit from improved patient satisfaction. The company you partner with will prepare and submit your medical claims in a timely manner and focus on getting you maximum reimbursement. Moreover, the professionals there will regularly follow up on the submitted claims. One of the greatest advantages of outsourcing is that you get the service of skilled professionals who know the requirements of Medicare as well as private insurance payers.

Advantages of Outsourcing Medical Billing

•    A full research of all accounts to determine the necessary action and subsequent development of a prioritized action plan
•    Constant evaluation of each account as to the amount of returns possible and the timing
•    Regular QA checking
•    A US or toll free number to call with questions
•    Weekly meetings to discuss progress and go over reports

Usually, medical billing companies offer free trial of their services. Make use of this offer so that you can have a firsthand experience of their service quality before actually signing up for their services. There is no doubt that medical billing companies make your task easier, provided you find a dependable service provider.

Physician Billing Services to Perfect Your Billing Processes

A practicing physician has to spend most of his/her time on patient care. This means that there is hardly any time left to keep abreast of the various coding and billing regulations, familiarize oneself with the new HIPAA privacy and security standards, carry out the paperwork on individual patients and so on. Undoubtedly, medical practices need the service of certified and experienced coding and billing professionals to ensure streamlined functioning, error-free billing and coding, speedy reimbursements and minimum denials. By outsourcing the coding and billing jobs to dependable service providers, healthcare providers including private practices, individual physicians, clinics, hospitals, physician groups and others stand to benefit from cost-effective and timely physician billing services.

Go for a Medical Billing Company Specialized in Physician Billing

A medical billing firm with proven experience in this field usually has professionals well-versed in all billing and coding rules and periodic changes in these. Moreover, they are sensitive to all the issues a medical practice faces on a day by day basis. They manage your patient records flawlessly, give you regular feedbacks and keep your records ready for easy access any time you want. They would provide physician medical billing services for all major specialties including radiology, chiropractic, cardiology, pediatrics, family practice, gastroenterology, and more.

What Services Can You Request for?

You can request for a range of physicians’ medical billing services.

•    Patient enrollment
•    Insurance enrollment
•    Insurance verification
•    Insurance authorization
•    Scheduling and rescheduling
•    Coding
•    Billing and reconciling of accounts
•    Collections
•    AR collections

With the medical billing company taking care of all these above processes and more, medical professionals can relax and concentrate on their core tasks.

Advantages of Outsourcing Your Billing Requirements

Outsourcing of these vital tasks guarantees attractive benefits for medical practices and related institutions. The reduced burden of paperwork and valuable time saved are the primary advantages. Add to that the following benefits:

•    Revenue generation and improved efficiency
•    Reduced overhead (30 to 40% below operational)
•    Improved core business focus
•    Complete security and confidentiality
•    Speedy reimbursement
•    Customized turnaround time
•    Regular QA checking
•    Regular feedback and reports
•    HIPAA compliance standards
•    24/7 technical support

Ensure that You Approach a Good Medical Billing Company

While it is true that outsourcing is beneficial in terms of the above aspects, everything depends on the company you choose to partner with. Reliable providers offer free trials which will help you evaluate their service quality. Here are some important points to consider:

•    Check if the company is HIPAA compliant
•    Find out how experienced the company is in the field
•    See who their clients are and what they say of the company
•    Clearly understand all the benefits that you stand to receive
•    Check out the quality of their work, accuracy and turnaround time with the free trial offer
•    Make sure they have the necessary staff and the latest infrastructure
•    Ensure that they have certified billers and coders working for them

Once you have satisfied yourself regarding all the above, request for the company’s physician billing services and benefit from improved productivity and profit.