The decision to outsource billing services for your medical practice can have significant impact on your practice as well as revenue by freeing up more time for your patients and saving you the hassle of managing an internal billing department, if you are successful in choosing a professional and experienced billing service.
It can be an uphill task finding the right service provider to manage the revenues for your company. In this post, we’d share the top 5 criteria that can help you make the right choice.
The basic services provided by a medical billing company include claim generation and submission, following up with carriers and preparing patient invoices and providing patient support.
Many companies also offer extras that can make your revenue collection system much more efficient.
Before selecting a medical billing service, you must agree on the level of services provided by the company for smooth functioning.
Latest medical billing software offer many advantages, provided trained staff is available to utilize the technology.
Apart from the number of years the billing company has under its belt, the experience and expertise of the staff is also important.
The staff must be aware of your specialty-specific codes and procedures employed by your company as well as the carriers. Staff experienced with Medicaid or Medicare would definitely increase operational efficiency.
It is also worthwhile to check for AMBA (American Billing Medical Association) certification that tests the staff for knowledge on coding, medical terminology, HIPAA compliance and carriers.
Various price models are available and the choice ultimately depends on the size of your practice, average claim size and volume and the service package provided by the billing company.
Check out the Company is Certified
The billing company must be HIPAA (Health Insurance Accountability and Portability Act) compliant and protect the patient’s personal information in alignment with your company standards.
The staff must also be AMBA certified. To maintain AMBA certification, 15 continuing education credits are required each year.
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