Why need to outsource?
Many doctors thought it was a waste of money and that only clinics, hospitals, and groups of clinical practices could profit from it.
You are not alone if, as an independent practitioner, you find the process of healthcare billing and coding difficult. Regretfully, a lot of people in this industry have used intricate coding and billing procedures without being able to bring in the necessary revenue.
It is important to remember that, as the healthcare industry develops, so do the laws governing
medical billing and coding.
Therefore, having a productive system for medical billing and coding in place gives doctors a
tactical edge.
Outsourced medical billing is no longer a mere cost-cutting savior but rather a tool that helps sustain the business and offers broader benefits to the practicing physicians.
- Increase the doctors' attention to the patients :-Independent practices frequently struggle to spend a substantial amount of money on medical office staff. In such a situation, doctors find it challenging to provide the necessary care for their patients when they also need to manage the practice's finances. It can be quite overwhelming, and frequently results in the doctor not being able to focus on both.
- Patient satisfaction is higher:-A doctor's primary goal is to treat a patient with the full intention of helping them recover. It makes sense that medical billing rules and regulations would weigh on a practice, compromising the effectiveness of the staff and the doctor treating patients. The patient will be less satisfied with the doctor and the practice as a result, and they will probably turn to another service provider more.
- Minimize billing errors:-Rejected claims result in lost income when there are billing errors. The timely submission of claims and the absence of billing errors are guaranteed by outsourcing billing services. In order to ensure that medical claims are submitted accurately, the outsourced billing company also makes sure that the billers they hire are properly trained and knowledgeable about the most recent regulations.
- Adherence to the biling:-The coding and biling system in medicine is dynamic. Therefore, all changes pertaining to Medicaid, Medicare, and third-party payers must be kept up to date for every physician handling billing. Ensuring that all changes and protocols are followed in order for each payer to successfully receive reimbursement becomes a full-time job. The payment for the rendered services will not be given to anyone who does not follow the changes.
- Improved Cash Flow:-You have to handle the billing or wait for the medical billing staff to return when there are denials of claims or when they are absent for any other reason. By the time you investigate the claim denial, it's possible that the deadline has passed. As a result, you are not paid for the services that you provided. Nevertheless, if a third party handles your medical billing, all of these problems will be history
- Saves Money:-When recruiting medical office personnel, you must consider fixed costs such as yearly salary and benefits, bigger office space acquisition, furniture, office supplies, computer, accessories, equipment, medical billing software, and maintenance fees.
How to get the best service from outsourced medical billing?
When you decide the avail these benefits of an outsourced medical billing facility as a physician, you should find a partner such as 24/7 medical billing services who will help you to scale better. A team of trusted expect medical billers ad a company that provides an end – to – end solution with the RCM and caters to your need, and can customize the process accordingly should be the one.
Better submission claims, no extra cost for staff training, no overhead costs, and increased reimbursement means higher profit. So, the physician is in the best condition to offer practical and holistic service to the patient, thus improving the overall ROI of the practice. At 24/7 medical billing services, we do all these and more. If you are looking to work with a medical billing partner, contact us as taking advice from our experts doesn’t cost money.
Why Opt for US Medical Billing (RCM) with UCS?
The complexities of medical billing and coding can be daunting in the hectic world of US healthcare. Here's where we get involved. We're not just a billing company; we're your reliable Revenue Cycle Management (RCM) partner, committed to improving the financial stability of your practice. Here are some reasons to pick us for your US medical billing requirements:
Unmatched Knowledge of US Healthcare Laws:
The US healthcare system is infamously complicated, with constantly shifting laws and coding specifications. Our team of seasoned experts stays abreast of the latest developments, guaranteeing thorough understanding of Medicare, Medicaid, and private insurance policies. This results in accurate claim submissions, a reduction in claim denials, and an increase in reimbursements.
Streamlined Efficiency for a Smoother Workflow:
It's a fact that medical billing diverts valuable time from providing care for patients. We remove that weight from your shoulders. Our powerful RCM platform frees up your staff to concentrate on what really matters—your patients—by automating time-consuming processes like coding, charge capture, and claim submission. Furthermore, you can monitor the financial performance of your practice in real-time with our easy-to-read and concise reporting.
Superior Accuracy.
Your practice may suffer large financial losses as a result of medical billing errors. We will never waver in our dedication to accuracy. To make sure all claims are properly coded and satisfy payer requirements, we use a multi-step verification process. This lowers the possibility of rejections and maintains the efficiency of your revenue cycle.
Committed Collaboration for Extended Success:
Strong, cooperative relationships are what we aim to establish with our clients. Our committed account managers spend time getting to know the particular needs and objectives of your practice. We can customize our RCM solutions to maximize your revenue cycle and offer continuous support to guarantee your ongoing success thanks to this individualized approach.
Put Your Patients First Rather Than the Paperwork:
Our passion is making sure your practice is financially successful, while yours is patient care. You can recover time and money by working with us on your US medical billing, freeing you up to concentrate on what really matters—providing your patients with top-notch care. We manage the intricate realm of RCM, allowing you to concentrate on creating a prosperous practice.
Modern Technology at Your Fingertips:
We use state-of-the-art technology to expedite the RCM procedure and give you instantaneous access to financial performance data for your practice. Our intuitive platform provides a safe and practical means of accessing reports, keeping track of the status of claims, and facilitating smooth team communication.
Measurable Outcomes and Cost-Effectiveness:
We recognize the significance of return on investment. You will get the most return on your investment thanks to our clear fee schedule. We monitor key performance indicators (KPIs) and provide you with regular updates on the financial well-being of your practice so you can witness the concrete effects of our collaboration.
Select the Partner Who Prioritizes Your Needs:
In the current healthcare environment, managing US medical billing calls for a partner who can confidently navigate the complexities. That partner is us. Our steadfast dedication to precision, effectiveness, and individualized care guarantees the financial stability of your practice and frees you up to concentrate on what really matters—the health of your patients. So that you can focus on caring for your patients, let us handle the billing.
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Other Benefits
- New practice credentialing
- Adding a new Provider to your group
- CAQH maintenance and updates
- Provider credentialing with payers
- Verifying State and Federal licenses
- Analyzing payments by Payer
- Auditing coding: Could you be losing money by under-coding?
- Establishing if you are maximizing reimbursement while remaining compliant.
- Accuracy of coding of diagnosis and mapping of CPT & HCPCS codes
- Checking Frequency of claims submission.
- Looking into rejections and claim tracking process
- Checking the accuracy of payment postings
- Checking insurance adjustments & and write-offs with respect to practice guidelines
- Reviewing denial management and appeals process
- Checking if best practices are followed and suggesting changes.
- Free up your staff from time-consuming phone calls to the insurance.
- Eligibility verification with complete benefits before the patient comes in.
- We offer risk free trial period
- Benefits
- Using our Pre-authorization service can help your staff focus on patients instead of being on the phone with insurance companies
- Reduce overhead cost
- Provide you with the updated status of Patient OOP, to collect exact amounts from patients upfront.
- Reduce the time spent on chasing patients & and also reduce # of statements
- Reduce the number of denied claims & and reduce AR Aging