If you are finding that your staff is spending too much time chasing after long-overdue reimbursements it is likely time to look into specialized software and services to help your practice perform this task more effectively. Stand-alone surgical centers and durable medical equipment vendors often find that the reimbursement process is time-consuming, confusing, and they don’t feel like they receive the funds that they deserve.
We all know that the medical billing process has increased in complexity since the introduction and growth of HMOs and the like, and all signs point to this being the case for at least the near future, if not longer as health care in the United States continues to evolve. Outsourcing can help streamline your billing and reimbursement processes and let you focus on caring for your patients.
Accurate medical coding and building is the first step in increasing the number of reimbursements and time of payment. Outsourcing can help your practice improve both aspects of billing and reimbursements.
Key benefits of outsourcing medical billing and reimbursements
• You free up the time of key staff members to focus on non-administrative tasks and feel that they are making a significant contribution to the practice.
• Receipts and profitability increase because the outsourced team only focuses on proper coding and billing.
• The practice receives the remuneration that it deserves for services rendered and providing durable medical equipment.
Why your practice should focus on medical care, not medical billing
• Ongoing training to keep your staff updated on changes to medical billing codes and reimbursement levels for services and durable medical equipment can become onerous.
• A low level of collections and reimbursements can add stress to the office atmosphere and have a negative effect on staff morale.
• Staff will begin to feel bogged down by administrative tasks that diminish the sense of value that they feel they are providing to the practice.
Outsourcing your medical billing allows you to rely on an expert team that is up to date in medical coding and understands the billing complexities that can make a significant difference to the amount that you are reimbursed, as well as the timeliness of payment.
The less time that you and your staff are spending on medical billing and chasing down reimbursements, the more time that you can spend focused on your patients. Advanced Reimbursement Solutions is your medical billing and reimbursements partner who will help you to streamline your accounts to increase efficiency and profitability. Call us today!