Health Care Providers have found that they can lower their
cost and secure a higher reimbursement. Our billing service
has people that are dedicated to the sole purpose of billing and
collecting for health care services. Our billing service deal
on a regular basis with most providers. Our medical billing service
has effective systems in place that insure quick and accurate
response to the reimbursement issues. Our billing service is able
to systematize the entire operation, and spread the costs and
processes over a large number of clients. Our medical billing
service has coding specialists, computer specialists, insurance
specialists and other dedicated to follow up.
Many providers lose an inordinate amount of money from three
areas. One, rejected claims because they fail to do timely
follow-up. Two, down coded claims - claims that the payer
reduces the level of service coded to a lower category. Three,
payers that dont pay according to contractual terms.
Our billing service has a system in place that puts a
rejected claim back into the collection cycle within 24 hours.
If a claim needs correction to be paid, it is then corrected and
resubmitted. If the claim needs to be billed to another payer,
including the patient, it is done immediately. If a consistent
problem is uncovered that causes multiple rejects, the proper
training is initiated for either our personnel or yours as applicable.
All claims are monitored to determine if the proper codes are
being billed and if the payers are paying according to accepted
standards. If documentation is such that the codes are not supported,
an improvement program for documentation is undertaken and/or
a correction in the coding is accomplished.
Our medical billing service monitors all reimbursements
against the details of the original contract. Our billing service
also does specific analysis on reimbursement versus your cost
factors. Our billing service can do an evaluation of a contract
prior to signing for our clients, if desired.
DUN & Bradstreet did a study of outsourcing and found that
More companies than ever are establishing strategic partnerships
that give them access to specialized expertise in critical business
functions. A large number the respondents reported that
...the do-it-yourself attitude that most companies hold
regarding most functions is insufficient in todays new market
place. The study also found that the companies that utilize
outsourcing are more financially stable than are those that do
not.