3 Effective Ways to Improve a Medical Clinic’s Billing System

Patients are struggling with bigger medical bills because of the increase of high-deductible plans. Most of the time, they’re not ready to pay them. For health care practices, this means finding methods to improve your medical billing collections needs to be top priority particularly patient payments.

Whenever patients don’t pay, it affects your practice’s revenue and put it at risk.

medical clinic billing improvementAs soon as you discover your medical billing is taking a hit already, you begin to realize that you can’t pay for more income loss from ICD-10 coding errors as well as Meaningful Use needs. This is true especially for small practices with leaner financial budgets.

And this challenge is not going anywhere as a lot more patients will either need to pay larger co-pays s for an office visit or they’ll be compelled to invest more out of pocket cash due to their chosen policies with greater deductibles.

The middle class is now more and more burdened by the charges for healthcare and a lot of experts struggle to cover precisely what their employer’s health care plan won’t. It’s a situation of companies attempting to provide workers health insurance yet still create profit. However at any time costs go up for the customers across the board – it encourages a holdup in care. Or, a holdup in payment.

The days where you’re not being disturbed by not collecting your patients’ co-pays is behind us, because today’s providers have to gather every cent which is owed them. Effective medical clinics use a variety of patient billing tools and protocols that work wonders in optimizing their efforts.

How to Improve Medical Billing Systems

Listed here are 3 ways you can increase the timeliness of collections for your practice’s medical billing efforts.

fqhc billing services company

1. Collect Patient Information in Detail

Verify patient insurance details with each visit, which includes producing copies of the insurance card. Make sure that your receptionist or the person who deals with the billing asks your patients regarding any changes of insurance companies or address. Giving a claim to the completely wrong company and/ or address will just lead to delays, and the time you spent on rebilling with further delays.

Patient social security numbers should also be verified; if this actually a first visit, your biller has to get this information when verifying insurance coverage. This can be crucial in case you need to contact a collections agency later on for recovery of past due payments.

2. Establish a EHR System

Make use of electronic health records (EHR) as well as paperless claims technology to take care of billing chores. A great system could be costly however worth it in terms of receipt of payment and quicker billing, and also posting to the proper account. This is also true of practices with a sizable volume of patients.

Practice management billing services and documentation, paper claims may take 90-120 days to process, whereas those submitted electronically generally take around one to three weeks for insurance to be reimbursed.

3. Use Medical Billing Software

If you haven’t invested in medical billing software yet, you’re making things a lot more challenging than they should, except if you like uphill fights. As powerful strategy to optimize billing for all types of medical clinics, leveraging software is one of the most effective and easy to implement.

Turning to Practice Management as well a medical billing software will streamline your whole process of collections by tracking overdue bills, finding those patients that have fallen behind, and then automating late fees. A powerful solution may come with a larger price tag however keep in mind that software can end up saving you a lot on internal billing resources and also raise your collection rate.

Why FQHCs Turn to Practice Management for Patient Billing Services

Practice Management is a medical billing company that has an excellent reputation in the provision of Federally Qualified Health Center billing services. The company provides FQHC billing services with the utmost degree of professionalism and value to their clients. Practice Management company tops the medical industry standard as one the leading providers of medical billing services. Practice Management FQHC Billing Company

As a leading FQHC billing company, Practice Management offers  many years of experience in the field of medical billing including optimizing the FQHC billing processes to cater for a broad range of objectives and challenges.

Practice Management provides a talented team together with highly developed billing software abilities. The company`s confirmed track record has enabled them to support Federally Qualified Health Centers by reducing the amount of time it takes to fulfill unsettled bills of patients, while at the same time enabling to maximize profits in an efficient and timely manner. Practice Management company is the best provider of FQHC medical billing services for many reasons. Here are the reasons that make Practice Management’s FQHC billing services unique, advanced, and industry-defining compared to other providers of such services.

1. Medical Billing Consultations

patient billing fqhc consultation-servicesPractice Management company provides FQHCs with patient billing consulting services. For instances, the company`s revenue cycle consultancy team examines a practice`s cycle of income for operations and general billing procedures. After that, the billing consultants will then suggest proposals for improving different processes. Some of the recommendations for improving various processes include fee schedule analysis, software file maintenance, payment receipt and claim tracking, and processing of insurance preparation.

2. FQHC Billing Credentialing Solutions

Physician credentialing is important in keeping the cash flow for all the new practices. When applied properly, credentialing solutions can help in removal of cash flow disadvantages that delays fulfillment of timely billing. Besides, Practice Management Company offers hospital credentialing.

3. Software Integration patient billing fqhc software

The company can access all medical billing and FQHC activity remotely. It utilizes this method by obtaining information via a web portal. Some of the information that the company can access via a web portal include charge entry, claim submission, processed payments, and follow up.

4. Legal Compliance

As the best medical billing company, they promote ethical and legal business practices throughout their organization, with their customers and within the community. When one is working with this company, he or she will get ethical, reliable service. Therefore, he or she will maximize the benefits of the Federally Qualified Health Center billing experience.

5. Unique Reporting Solutions

medical practice FQHC billing ReportingPractice Management offers routine standard and customized reporting solutions for all customers who have invested in their health center billing services. After implementation, the company works with their customers to establish the unique reporting wants of their Federally Qualified Health Center to design the reports they need. This gives them an individualized FQHC billing services and experience.

In conclusion, Practice Management is the leading provider of FQHC patient billing services. The company is committed to satisfy all their clients while in compliance to all applicable and published Federal, local, and state laws, regulations, and statutes. The above are the 5 reasons that make Practice Management’s FQHC billing services unique, advanced, and industry-defining compared to other providers of such services.

3 Effective Medical Billing Tips & Strategies for Cardiologists

Operating your cardiology practice is difficult enough as a cardiologist, without having to chase patients down and call them on a daily basis in order to collect. With that said, many cardiology clinics and medical offices alike aren’t getting paid, or are struggling to track unpaid bills.cardiologist

Whether your office is small, or whether you operate out of larger facilities (such as a hospital setting) as a cardiologist, you have to employ the right medical billing techniques in order to collect payments in a timely and fulfilled manner. These are three effective cardiology billing strategies to employ into your medical practice to ensure you collect on time and avoid future unpaid accounts.

Catch denials early

By catching denials prior to sending them out, you negate the risk of an insurer later turning around and telling you they won’t pay. To improve your internal organization and records of patient information for denails and cardiology billing, robust practice management software will not only red flag a patient and faulty insurance, but also potential issues with an insurer, who hasn’t paid on certain accounts or procedures in the past.

This software for cardiology billing also helps to ensure claims won’t get turned down, in turn, you won’t run the risk of losing on an unpaid debt by a patient. Catching claims, mistakes, and inaccuracies early, and prior to sending them out to the payer, ensures that insurance companies will pay, and you won’t be stuck with a pile of unpaid bills.

Submit more than once

Submitting more than one claim to insurers is smart practice by your cardiology billing processes. About 60% of denied, lost, or uncollected claims are never followed up on; this means you are missing out on an opportunity to collect revenue into your practice.

Sometimes you can’t receive first time payouts from insurers on every single claim; this doesn’t mean you should simply drop it, and take the hit. Following up, resubmitting claims, and contacting insurers until they give you an answer or pay the claim, will ensure you are increasing your bottom line, and minimizing that 60% of unpaid or uncollected debts in your practice.

Update information regularly

cardiology billing softwareThis is where quality cardiology billing and coding software comes into play. If you notice certain claims are continually being turned down when you submit them to insurers, this might mean a code is no longer up to date. If you don’t employ software, it is imperative to do so immediately. If your office can’t handle billing, consider hiring a third party company to work for you. Not only will they stay on top of new code changes, new methods to file claims, and how to go about uncollected debts, they are also going to minimize the occurrence of unpaid claims by insurers.

No matter how your practice goes about cardiology medical billing, whether you simply use the latest software or outsource, make sure everything is up to date, that you are constantly following up on claims, and that your practice is on top of denials, before they occur. These simple changes will not only result in higher revenues, but will also help your practice grow, and avoid hangups, with insurers who were previously denying your payment claims.

Effective Tips to Optimize FQHC Patient Billing Procedures

Federally Qualified Health Centers (or FQHCs) are organizations that are able to receive grants under the Public Health Act. Most FQHCs service areas that have been traditionally underserved and they tend to offer residents of the area a sliding fee scale as well as providing them with comprehensive services.medical office doctor of FQHC

With that being said, maintaining the revenue stream for such an organization can be more complex that what most people may believe. Within FQHCs, there are a variety of departments that need to efficiently collaborate and work so that revenue can be maximized via patient billings.

Billing Challenges Faced by FQHCs

Consistently, healthcare centers that fall into this category seek revenue improvement, although they are extremely challenged by their static as well as declining volumes of patients, patient case reclassifications and regulatory framework. FQHCs tend to center their focus on the following methods as a measure of improving FQHC patient billing processes, financial health, and revenue streams.

Understanding the Overall Cycle of the Revenue

Having a clear understanding of the overall cycle being utilized in the revenue collection is an accepted and healthy practice when trying to optimize revenue streams. It is imperative that there is a clear process of billing that begins when a patient schedules an appointment and completes once the patients has been attended to and their debts have been cleared. When addressing the needs of a FQHC, the process should take into account the following:

  • Patient registration
  • Entry fee/charge
  • Payment posting
  • Accounts receivable follow-up

Capture All Charges and Review and Update Fee Schedules

doctor with FQHC billing filesDuring the process of billing, the staff of an FQHC should collect and enter all information accurately pertaining to demographics and insurance for the particular patient. The centers should have the following currently documented and on file for effective billing: home address, birth dates, telephone numbers, and insurance information.

In order to optimize the collection of revenue for an FQHC, the centers will need to reconcile their encounter forms and health schedules daily. This will allow for the health centers to track encounter forms that may have been (accidentally) missed and therefore decreases the avenues for lost revenue.

Reduce Out-of-Network Revenue Leakage

Most FQHCs have been known to have hired their physicians quite aggressively. Beyond the hiring technique, office related infrastructure expenses and incremental salaries can prove to be quite a burden on income statements.

It is best that health centers not acquire physician services and practices before taking the proper steps in regards to the limiting and prevention of out of network referrals. FQHCs should optimize their practices thoroughly and efficiently.

It is acceptable and needed for a health center to make proper use of their vendor applications that are able to deliver advanced clinical documentation features that coordinate proper care across a clinically integrated network. This will afford the center with a proper manner in which to shape and track scheduling as well as patient referrals.

Moreover, to maximize the revenue stream of an FQHC, there will need to be clear communication to the patients regarding the health centers financial and billing policies. There will need to be documentation detailing the policies that each patient will be required to read and sign. This documentation will need to expressly explain cancellation or collection of the institution’s policies, insurance information, authorization mechanisms, and terms of payment.

Surgery Billing Strategies for In-house Billing Operations

Being a surgeon has never been an easy profession, from working with patients to figuring out finances. This is because it involves doing a lot of things that are either time demanding or remorseful. Among the social challenge a doctor face is surgery billing.surgery billing technology

This is because of the several issues associated with this and also due to the fact that it has all to do with dealing with other humans, a hard thing to do. So whether you are a surgeon or a surgery clinic manager, the following are some of the most effective strategies that you can apply to your surgery billing systems in order to make this activity as efficient as possible:

1. Maintaining electronic health records of all your patients

Record keeping is one of the most paramount ways of making surgery as efficient as possible. This is because all the records of all the patients can be traced and determined if they cleared their bills or not. Electronic record keeping is advantageous because it is not prone to alteration or misplacement.

This simple yet effective surgery billing technique is among the safest ways of keeping records, thanks to cloud computing, all the records ever kept for a particular patient can be retrieved without any problems since cloud storage is some how a permanent way these records can be stored. Many surgery billing service providers, like maximizedrevenue.com focus on this technique from the start when consulting with surgeons and in-house billing operations.

2. Adopting a medical billing software

Medical billing software can be another good thing for you to consider. This is because such software makes things easier and more professional. On the other hand, this software makes it possible for the doctor to communicate directly to the patient through such media as the internet or even telephone calls. Adopting top medical billing software is an assurance that your billing system will be improved immensely.

3. Creating a one on one sessions with the patients

This will help improve the relationship between the surgeons and the patients hence enabling them to know the financial status of their clients better. When the doctor knows about the financial status of his patient better, he can come up with ways in which the bills can be settled in a more efficient and smooth way and this way, the billing system will be improved and no further problems will be encountered.

4. Availing the surgery bills to the patients on time

What has been a problem to billing systems in the past is lack of punctuality in the submission of surgery bills to the patients by the surgeons. This problem can be solved and billing systems improved by a punctual and timely submission of surgery bills to the clients by the doctors.

5. Talking to the patients about their insurance policies

In most cases, insurance policies do not cover for major surgery operations. In this case, it is wise for the professional to talk to their clients about this before commencing the procedure, this way, they will help them determine whether their insurer covers for the kind of procedure they are about to undertake .

If the insurer did not include the procedure in their statements, they will have time to inquire about that on time before it is too late. This way, cases of delayed settlement of surgery bills will be eliminated and this will to improve the patient billing system.

Industry-Leading OB/GYN Billing Solutions for Gynecologists

In the medical community, so many clinics, practices, and medical centers are presented with various problems regarding patient billing on a day to day basis. There are all sorts of insurance compliance regulations, insurance coverage assessment issues, patient copay management, and various other aspects of practice administration the billing process quite difficult at times.obgyn patient billing

Gynecologists and OB/GYN practices in particular are constantly looking for ways to improve the efficiency of their patient billing process and reduce the amount of time sifting through paperwork or spreadsheets trying to determine what is the most effective way to solve a billing problem in regards to billing.

The billing process can be especially troublesome in an OB/GYN clinic as the reimbursement structure and potential growth issues with respect to an OB/GYN clinic can present a variety of problems. However, with the incorporation of proper OB/GYN billing practices, these clinics can overcome many problems that they might face.

Enter: OB/GYN Billing Services from Practice Management

Practice Management is a reputable company that offers a variety of different OB/GYN billing services to meet the needs of any OB/GYN clinic. Practice Management understands how daunting the tasks of complying with federal and state regulations, managing financial data, and focusing on business practice all while trying to meet the patient population’s needs, can be.

In using high quality technologies and software, individually approaching each client based on their needs, and communicating with the client in all scenarios, Practice Management has found a way to significantly reduce the potential for problems to arise in OB/GYN billing and even if problems do arise, Practice Management has an excellent troubleshooting process.

OB/GYN Billing & Coding Expertise

With high quality understanding of coding with respect to service procedures, Practice Management has the ability to analyze every single coding procedure that is carried out by a client. A common problem in OB/GYN billing is that codes for certain procedures or services become outdated and the billing cycle is not able to consider the services associated with these codes in its roster. Practice Management is able to assess the status and the utility of these codes and make modifications when necessary.

Optimize Claims Reimbursements & Revenue Cycles

Practice Management holds itself to a high standard regarding its effectiveness, and guarantees clients that the billing claim will be filed correctly the first time so that there is no opportunity for mistakes to come back around and negatively impact the clinic’s wellbeing.

Once a client has completed the OB/GYN billing and coding process with the help of Practice Management, the assistance does not stop there. Practice Management is able to oversee the proceedings of revenue cycles that continue through the client’s existence and ensure that there is a level of maintenance in the billing that occurs moving forward.

OB/GYN Billing Consulting Services

If the clinic has a problem that requires only temporary solutions, Practice Management can operate on a consultative basis, which allows flexibility in the relationship between the client and the claim manager but also ensures that there is some level involvement on the part of the claim manager to improve OB/GYN billing outcomes.

Overall, the OB/GYN billing process poses many threats to the financial well-being of many clinics. If the clinic administration finds that it is overloaded with billing claims and has trouble sorting through the immense burden of the billing process, enlisting the services of Practice Management should be the first step taken.

To learn more about Practice Management, visit MaximizedRevenue.com and check out the company’s OB/GYN billing services for gynecologists. In addition to specializing in OB/GYN billing, Practice Management also offers expertise in many other facets of medical billing, including FQHC billing, cardiology billing, pediatric billing, and more more..

Training & Consulting Solutions for FQHC Billing & Coding

Federally Qualified Health Centers (FQHCs) have been the backbone of the healthcare provider system in the United States for almost 50 years. Initially called Neighborhood Health Centers, FQHCs treated nearly 22 million patients in 2012 alone. Even more, they are there to provide health care services to our nation’s neediest population. An average FQHC is always a nonprofit organization. It also has an independent governing board of directors. fqhc billing

With that said, FQHCs provide health and medical treatment to an underserved area or population, providing comprehensive services and offering a sliding fee scale. Sliding fee scale is required as it offers discounts based on patient’s family size and income in accordance with federal poverty guidelines. Health centers must be open to all, regardless of their ability to pay.

However, many patients are unable to pay for their care services even at their discounted rates. Due to this, there are challenges FQHCs experience collecting payments at the time of service. It’s essential for all FQHCs to maximize insurance billing revenue and implement collection procedures properly.

Issues Surrounding FQHC Billing

The average health center has an insurance billing and collection rate of around 70%. Slide patients and self-pay patients are not included. As FQHC is tailored with many components, sometimes it’s quite challenging to identify breakdowns and bad chains in the FQHC billing process.

There are several causes of lost revenue. In many cases, these causes are outlined below.

  • Failure to obtain current patient information
  • Failure to collect on previous patient account balances
  • Failure to collect co-payments and minimum fees
  • Not filing claims timely
  • Not working denials timely
  • Physicians not recording all services performed during the office visit
  • Failure to redirect claims properly

In order to maximize medical billing revenue streams, FQHC billing systems should require:

  • An adequate and competitive fee schedule
  • Timely follow-up on all uncollected amounts
  • A corresponding schedule of discounts
  • Billing of patients in accordance with the schedule of discounts

Even more, in order to maximize revenue, there need to be some consequences. Past balances cannot be ignored. If needed, attorney and collection agency should be invited. That’s because there’s a misconception that FQHCs are free clinics. Providing health services to the underserved community requires dedication, staff, resources and budget. While federal programs help offset certain costs, FQHCs are expected to pay their fair share based on their ability to pay.

Professional FQHC Billing Services & Training

Since the revenue stream in an FQHC center is the lifeblood that keeps the center active, it often makes sense to consult industry experts. Below are discussed top 3 billing training providers.

Practice Management

Practice Management offers the much needed experience and resources to improve FQHC billing systems. They are well-versed in providing a wide range of medical billing services, with expertise in FQHC billing services. Practice Management is reputable medical billing company with a proven track record in maximizing revenue as well as decreasing collection turn-around time.

Visualutions

Visualutions is a well-established company that wants to help your health center prepare and train for billing collections. You need to provide them with a few details so they can assist you in coordinating the training to your system. As their name implies, they are interested in solutions.

Synergy Billing

Synergy Billing is the industry’s leading FQHC billing company with the best collection rates. As the FQHC billing process is sometimes complicated, community health centers face a number of billing challenges. Synergy Billing has lots of experience in helping community health centers maximize their FQHC billing revenue. They believe there are effective ways to collect every dollar for your health center.

5 Tools for a More Effective Patient Billing Protocol

In order to stay financially viable, health and medical practices must bill and collect payments from their patients. These health and medical organization are faced with the disadvantage that patients do not pay upfront. Patients have to be treated and charged before insurance companies can release the money. As a result, medical billing presents a common challenge among most of these health care organization. medical billing

That process can be quite strenuous for health practitioners. It’s often fraught with challenges and problems. The practitioner may end up getting distracted from the main task of attending patients. The health practice may also suffer cash flow challenges and revenue leakages. The organization must establish an efficient patient billing protocol to stay in business.

Below are a few tools, strategies, and tips for practices to establish a more effective patient billing protocols.

1. Investing in medical billing training

Outsourcing may be out of the question due to various reasons. The medical practice may decide to invest in training to mitigate against skills deficits. Medical billing involves some routine clerical work that anybody can learn.

In a small organization, the doctor or his assistant can undergo training in issues like billing and bookkeeping. Training helps the person in charge get the required knowledge to adopt best practices. The billing staff will also be confident and innovative in their billing tasks.

Investing in medical billing training is essential for community health centers and FQHCs. FQHC billing in particular present a five-fold challenge which training can help. For more information on FQHC billing services and training, visit MaximizedRevenue.com.

2. Attending medical billing conferences and seminars

Billing is a problem for many businesses. Attending medical billing conferences and seminars will equip the people in charge with knowledge and skills. They will keep abreast with new developments and best practices. Conferences and seminars can also boost the morale of the staff with the billing responsibility. They will feel more equipped to face the challenges involved.

3. Working with a medical billing consultant

An expert will do an audit on the existing billing protocol and advice. Experts will advise on issues such as coding and outsourcing. They will advise on the most efficient protocol in relation to costs of implementation. They must have a lot of experience in the field to offer the best advice.

4. Investing in a medical billing software

Medical billing can be hard and complicated. Technology serves to make work easier. The medical practice can shop for an applicable medical billing software platform that can meet their particular needs. top-rated medical billing software systems will assist in automation and managing data.

5. Outsourcing to a medical billing service company

Patient billing can be tedious and time-consuming. The organization may lack the resources to do all the following up that may be required especially if they attend to a large number of patients. There are many companies offering billing service and who can assist. Outsourcing medical billing gives the health practitioners a chance to concentrate on their principal roles.

Health and medical billing service providers can be trusted with the whole process from billing to liaising with collections for bills not paid on time. The billing service will ensure no revenue is lost and can even ensure that the doctors are paid what they deserve. In this billing protocol, everything is left to the professionals.

Every medical practice has its needs depending on their specialization, size and complexities of billing. They should make a decision on what tools to use after considering their particular needs. What matters at the end of the day is that the health caregivers aren’t distracted and that they are paid fairly and in time. Any billing protocol that guarantees that is the right one.

Top 5 Medical Billing & Coding Seminars for 2015

It’s no wonder why some companies are offering more and more medical billing seminars and events to help train professionals in this particularly practice. Medical billing and coding can be incredibly tricky and frustrating. Every day you can find some horror story in the news about a clinic whose billing went wrong and was hit with thousands upon thousands of dollars in fees.

medical billing seminar

For this reason, many health and medical practices spend a lot of time and resource trying to dial-in their medical billing process, and conferences and seminars are a great way to start. From FQHC billing practices to cardiology billing challenges, although the billing procedures may be unique per type of health/medical practice, there are still underlying principles that can be learned from a universal medical billing perspective. Here is a list of highly-rated medical billing seminars that give information by reputable and experienced professionals.

1. Healthcon 2015

This medical billing conference will be held in Las Vegas, Nevada this year. It is an excellent conference which provides information not only for medical billing and coding but almost any other related field you can imagine. The conference is huge and offers a wide array of seminars. Healthcon 2015 will probably be one of the best conferences to attend this year as it is taught by multiple experienced professionals, and include such a variety of courses.

2. AAPC Workshops fqhc billing service

If you can’t make it to Healthcon then the AAPC still offer a variety of medical billing workshops both online and on-site to help you become certified or just learn more about the field. These workshops are also taught by expert medical billing specialists so the quality is outstanding. The company advertises availability in over 40 different cities and over 4 hour live presentations.

3. New Horizons

This medical billing company offers online certification for billing and coding specialists. Their course provides students with the preparation they need to sit through a professional certification exam. They have great access to resources the students need, and provide real learning in their courses.

Students of New Horizons get to learn with real hands on experience, through the usage of actual case studies, and real documents. This is not a conference you can visit, but it should still be ranked up here since it is such a wonderful resource for those who either need to get certified or brush up on their skills.

4. Zhealth Publishing

Pay attention to their website because they hold specialized medical billing seminars four times a year across the USA about medical billing and coding. These workshops are taught by leading experts in their fields and last for at least two full days. Zhealth Publishing brings in experts in all medical fields to teach a wide variety of courses. This is an excellent event to attend to learn more about medical billing and coding.

5. McVey Associates, Inc.

This medical billing company also offers workshops and training in medical insurance coding. McVey Associates boasts an experienced history of 30 years which makes them quite reputable. They provide students with plenty of resources and materials to learn and get certified as a medical billing and coding specialist.

These are just a few of the many resources that are out there for people seeking to increase their knowledge about medical billing and coding or to get certified. Don’t just opt to outsource medical billing services and pay hefty fees for the service along. Getting educated and pursuing further knowledge as a medical billing and coding specialist is vital to keep all billing practice in-house.

Comprehensive Medical Billing Services of Practice Management

The maintaining a thriving medical practice is becoming more and more complex through the years, and this means the time, effort, and resources needed to effectively handle a practice’s medical billing procedures is also becoming more complicated.

With the cutting-edge resources and solutions provided by professional medical billing companies, your practice can minimize the time-consuming efforts and complications needed to ensure that it’s acquiring the money that it needs in a more timely and efficient manner.

Enter: Practice Management Practice Management Logo

As a medical practice, it is imperative that you have the best people working for you, and this also applies to your medical billing processes. By hiring a team of experienced professionals to handle medical billing procedures, your practice can collect patient billings faster while minimizing overhead costs and potentially lost revenue.

Practice Management is an Illinois-based medical billing firm that is able to provide your health or medical practice with top-tier billing services that are often far more advanced than what other companies have to offer. Aside from the immediate financial benefits that your practice can realize, it can also encounter less costs associated with overhead fees, software and hardware investments, as well as insurance.

The Value of Medical Billing Services

Another important factor to take into consideration is the purpose of the team that you will be hiring. Instead of relying on other people working within the practice who have other jobs and duties, your new team of medical billing professionals will have one purpose: to make sure that your practice collects the billings that it’s owed in a more timely manner. FQHC Billing Service

Every health and medical practice the same objectives in mind – making sure that they get billings fulfilled efficiently. Having a dedicated team of medical billing specialists will help to make sure that all claims are tracked until they are processed.

Investing medical billing services allows you to have more control over daily operations in your practice as you won’t have to deal with the headaches associated with billings and collecting payments on time. This will give you the time that you need to review your reports and to make sure that you are making enough money. You will also have the opportunity to spend more time reviewing in order to find any errors or areas that you want to improve and/or fix.

Highly-Skilled Billing SpecialistsMedical team

As previously mentioned, hiring dedicated team of medical billing specialists helps to optimize your revenue cycle while improving the overall health of your practice.

Practice Management is highly-skilled in various billing applications, making them a full-service solution for virtually all of your practice’s billing needs. Some of the types of billing that they specialize in include: FQHC billing, surgery billing services, cardiology billing services, health center billing, and OB/GYN billing services.

As a medical practice, aside from ensuring that your patients are healthy, your secondary objective is to make money and maintain a healthy business. When you leverage the expertise and resources of Practice Management, you can not only ensure that you are being paid, but you will be paid sooner.