All businesses have the need and right to receive timely payments for services rendered. While many companies get paid on the spot, the healthcare industry is another story entirely. Delayed payments can place a considerable amount of financial stress on medical practices of all sizes. Unfortunately, however, many of these entities do not have sufficient manpower on hand for coding and submitting requests for payments on a regular basis. Moreover, most growing practices simply cannot justify the costs of hiring their own full-time, in-house billing specialists. The good news is that there’s an increasing trend in outsourcing these responsibilities, and many practices have hired a third-party medical billing specialist with impressive results. If you are looking for a state-of-the-art medical billing system, look no further than Advanced Reimbursement Solutions!
Regular Coding Errors
It’s one thing for practices to submit their invoices in a timely fashion, and another thing entirely to submit requests for payment that are properly coded and free of all other administrative or accounting errors. If your practice is regularly receiving claim denials or requests for additional information from insurance companies, seeing a medical billing specialist could be the surest way to avoid unnecessary delays like these and expedite your payments.
Dwindling Patient Care
Another sure sign that you need the help of a professional medical billing specialist is a growing inability to meet both the administrative needs of your office and the needs of your clients. Medical billing can be a very intricate and time-consuming process. Rather than having your front office staff devote their energies and time to tackling mounting paperwork, you can have these professionals fully engaged in patient care. This can mean the difference between having relaxed and friendly team members greet and service your incoming clients and having a flustered, frustrated crew that’s unable to take the personable approach to patient care that you want your practice to be known for.
Working with a third-party medical billing specialist will give you access to the accounting and coding expertise that your practice deserves while enabling you to tightly control your overhead costs. At Advanced Reimbursement Solutions, we handle all stages of health insurance claims and are at the ready to assist you in your medical reimbursement needs. We have locations in Wilmington and Phoenix. Contact us today to learn more about how our process can benefit you!