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.