The Medical Billing Advantage: How Will It Benefit You?

Demanding and challenging – those are the two terms that best describes how medical billing is seen by small-scale practitioners. For this reason, a great number of them look at outsourcing medical billing systems not only to eliminate the tedious task but to actually get it done in the most efficient way possible. Keeping a medical office fully functional all the time can be quite difficult with the burden of updating medical bills on top of it. In fact, it used to be impossible.

Luckily, outsourcing this administrative load has become a real option. Is it something you should be taking? Here are a couple of benefits that come with outsourcing medical billing that might just convince you to take this option even more.

  • Improved Patient Care – because you no longer have to worry about updating patient billing sheets, you can now focus more on improve patient care and perhaps even improve patient satisfaction in the long run. Outsourcing medical billing can be very advantageous to small agencies who could not afford to keep full-time medical staff to get the job done.
  • Reduced Errors – Since you will be working with professional medical billers, you can be sure that the bills will be sent out and hopefully collected when they should be. The accuracy of the figures won’t be questionable too, because these professionals will ensure that they get the job done right.
  • Save on Overhead Costs – outsourcing medical billing services will save the company thousands of money worth of overhead expenses. This includes the monthly cost of electricity, technical equipment and other needs that may be required by having full-time staff working on your medical bills. With standardized billing from exceptional service providers, you can be sure that your medical services will only continue to improve.

From this perspective, it only shows that outsourcing medical billing services come with more benefits than one could ever ask for. Not only will it improve the lives of those providing medical services but it will more importantly improve the lives of the end receiver of the services– the consumers.

Outsourced Medical Billing: Should You Give It A Try?

Are you thinking of outsourcing your medical billing services but having second thoughts about making it happen? Why has it become difficult when you know that right from the beginning that medical billing requires a specific set of skills that takes proper training and years of experience to master? Can you afford to put in all that money and effort to train your staff? The complexity is simplified by your answer to this question. If you can’t or you don’t want to put in time and money on training, then move on to the best possible options.

Outsourced medical billing is all about getting experienced billing veterans who know the ins and outs of the system. Amidst all the complexities of the program, these professionals would be able to help you put your own system in place. With their expertise, you can get your own medical billing practice started. Or perhaps in a few years, you will be comfortable with the idea that you have outsourced the system because of its effectiveness and efficiency.

A local medical billing company in San Diego, California has become more than just a necessity. Medical billing connection has indeed bridged the gap between medical professionals and the people that they serve. Apart from increasing profit margins, it has reduced the red tape trend within the industry. They provided the clean-up in the systems that medical professionals never knew was possible. Efficiency is indeed the name of the game and only Medical Billing Connection creates, exudes and provides that.

Perhaps the best thing about investing in outsourced medical billing is not on the profit but the margins that it creates between an old inefficient system to the new more proficient one. It has provided medical professionals a stable economy of scales, benefitting both the medical practitioners and their patients. Now if you ask if you should give it a try, the answer is pretty direct and simple – why shouldn’t you?

At this point, it may even be safe to say that Medical Billing Connection is worth the try.

Outsourcing Medical Billing: Is It Worth It?

Are you thinking of outsourcing your medical billing services but you’re not too sure if it is something good for you? Well the answer to your confusion can be pretty simple. Will you do your own surgery? Medical billing has always required a special skills set that not everyone has got. Sadly, those who do their own medical billing apart from providing the medical services end up losing more than they should.

Is outsourcing medical billing worth it? Read on and find out:

  • Medical billing services charges rates that are distributed among the players in the industry, thus you can expect a huge amount of savings from your end. Also, you do not have to worry about overhead expenses getting bigger by the minutes because you’ve got outsourced specialists who can do the job for half the time.
  • The medical billing team only works to achieve its goal – to provide you with excellent service that can bring in increasing profit to the practice that you do. These specialists can help you make sure that everyone pays the right amount on time to prevent you from losing more money than you should.
  • Gain back the control in your medical practice by allowing billing experts to take care of the rest for you. Not only has your system become more efficient, but you yourself have gained back the control in your life. You don’t have to worry about the tedious job of billing and collecting payment because someone else is doing a great job performing it for you.

The complexity of the system itself makes it difficult for a lot of medical professionals to learn. Referring such tasks to those who know it more than you do should always be the better option. If you truly want to implement an operating system in medical billing that is not only efficient, but reduces the risk of red tape altogether, then you must outsource your medical billing services. Not only will it improve efficiency, but it promises to help your business thrive despite competition.

The Medical Billing Advantage: How Will It Benefit You?

Demanding and challenging – those are the two terms that best describes how medical billing is seen by small-scale practitioners. For this reason, a great number of them look at outsourcing medical billing systems not only to eliminate the tedious task but to actually get it done in the most efficient way possible. Keeping a medical office fully functional all the time can be quite difficult with the burden of updating medical bills on top of it. In fact, it used to be impossible.

Luckily, outsourcing this administrative load has become a real option. Is it something you should be taking? Here are a couple of benefits that come with outsourcing medical billing that might just convince you to take this option even more.

  • Improved Patient Care – because you no longer have to worry about updating patient billing sheets, you can now focus more on improve patient care and perhaps even improve patient satisfaction in the long run. Outsourcing medical billing can be very advantageous to small agencies who could not afford to keep full-time medical staff to get the job done.
  • Reduced Errors – Since you will be working with professional medical billers, you can be sure that the bills will be sent out and hopefully collected when they should be. The accuracy of the figures won’t be questionable too, because these professionals will ensure that they get the job done right.
  • Save on Overhead Costs – outsourcing medical billing services will save the company thousands of money worth of overhead expenses. This includes the monthly cost of electricity, technical equipment and other needs that may be required by having full-time staff working on your medical bills. With standardized billing from exceptional service providers, you can be sure that your medical services will only continue to improve.

From this perspective, it only shows that outsourcing medical billing services come with more benefits than one could ever ask for. Not only will it improve the lives of those providing medical services but it will more importantly improve the lives of the end receiver of the services– the consumers.

 

Medical Billing, San Diego

San Diego is home to a good number of rehabilitation and recovery facilities.  These centers provide a full range of services from physical, occupational to speech therapy as well as rehabilitation and recovery from various addictions and disorders. While rehabilitation and recovery centers offer these services to help patients achieve their goals, it is nonetheless a business.medical billing san diego

 

For a business to become successful, it is imperative that there is a healthy cash flow to fulfill operational costs and maintain standards of service.  However, focusing and streamlining the medical billing process can take away time from the practice itself. Time spent in accounting and paperwork can be used more productively, such as focusing on patients and growing a client base.

 

When it comes to recovery centers and rehab billing, ensuring proper billing and claims management needs particular focus. Some services are harder to track and bill correctly, so it is critical to ensure proper verification of benefits, followed by proper coding. However, in San Diego very few firms specialize in recovery and rehab medical billing. Very few actually have the expertise and skill set to bill various programs that include chemical dependency, substance abuse, detox, dual-diagnoses and eating disorders.

 

This is where Medical Billing Connection in San Diego comes in. We are your partner when it comes to medical billing and accounts-receivable management. Our firm has a proven record of accomplishment in medical insurance/claims management. Our billing practitioners have years of experience in billing insurance companies, either on behalf of the facility, for patient repayment or both.  We have experienced specialists in the field of medical coding, billing and accounts resolution. They ensure patients and insurance companies are accurately billed and that accounts reconciliation of receivables is done timely and efficiently.

 

Furthermore, our highly trained staff makes sure that special circumstances involving MPN Credentialing, Worker’s Compensation and Personal Injury Claims are processed correctly and expediently for faster claims and reimbursements. With continuous learning, we are able to keep up with the changes in policies and rulings so we can give our clients up-to-date information as well as improve our process as needed.

 

When it comes to medical billing in San Diego, Medical Billing Connection is committed to offering excellent service to the rehabilitation and recovery industry. What we offer is a solid partnership that can help our clients reduce cost, increase cash flow and grow their business while doing what they do best, helping patients achieve goals and improve lives!

Medical Billing, Oceanside

Medical Billing Process

Medical Billing Oceanside, California

Medical Billing Oceanside, California

Medical billing is time consuming and tedious, however it is an essential part of any medical practice, recovery or rehab clinic. After all, revenue is what keeps the practice going and allows healthcare practitioners to continue helping patients.  For this reason, many healthcare providers seek for a trustworthy medical billing company such as Medical Billing Connection in Oceanside, California.

The use of EMR’s allows practitioners ensure that data is recorded and indicated in the patient’s billing. This does not guarantee payment. This is where medical billers and encoders come in. The medical billing company records the patient’s procedures, diagnoses and treatments. They use numerous codes and processes claims for the insurance company and ensure payment.

Medical practitioners, hospitals, rehabilitation and recovery companies depend on highly qualified and skilled medical insurance billers, coders and claims management personnel to record, track and manage payments.

 

Benefits of Outsourcing Medical Billing Services

Hospitals and larger medical clinics may have their own medical billing department to process claims and payment. This can be quite costly, amounting to about $35,000 per year, plus benefits for one medical billing practitioner alone. For this reason, majority of medical practitioners, clinics and facilities depend on medical billing and claims companies to reduce cost. According to studies, outsourcing medical billing services can increase revenue form 5% to 30%.

Outsourcing medical billing services also allows physicians and healthcare providers to focus on patients instead of the intricacies of the billing and claims process. Outsourcing these services allows for more time and allows practitioners to do what they do best, help their patients.

Lastly, having highly trained medical billers and claims processors reduces billing errors and speeds up turn around time, ensuring that claims get processed on time and payments are received. Having a qualified company focus on accurate processing of accounts ensures minimal audit risk and absolute HIPAA compliance.

 

Medical Billing, Oceanside

Medical Billing Connection in Oceanside, California provides billing and claims management, an invaluable service for many health care providers, rehabilitation and recovery centers in the area. We offer a partnership, not just a service or product.

In addition to processing insurance billing, claims management and claims tracking and follow-up, Medical Billing Connection helps practitioners ensure patients are billed properly. This helps a doctor’s office stay on top of this aspect of income without being in an uncomfortable position of dealing with patients when it comes to billing and payment concerns. We have toll-free number appears on all patient statements for any patient inquiry.

Medical Billing Connection, is an established medical billing service provider in Oceanside. We understand what it takes to make sure the billing and revenue side of your business is a success. Now you can focus on the important part … having happy patients.

All Medicare Provider and Supplier Payments to be Made by Electronic Funds Transfer

 
As part of CMS’s revalidation efforts, all suppliers and providers who are not currently receiving EFT payments are required to submit the CMS-588 EFT form with the Provider Enrollment Revalidation application, or at the time any change is being made to the provider enrollment record by the provider, supplier or delegated official.

Emergency March 2012 Update, Middle Class Tax Relief and Job Creation Act of 2012 (MCTRJCA) to the CY 2012 Medicare Physician Fee Schedule (MPFS) Database

This article was revised on March 29, 2012, to correct a reference to the CR. In the “What you Need to Know Section”, the article referenced CR 7677 instead of CR 7767. All other information is the same. Please review and share with your staff.

Are You Ready for the New Work Comp Coding Requirements??

Yes, new coding requirements are being implemented by all Work Comp payers, making billing even more complicated than it already is!  Don’t get caught off guard and without money coming in the door… be sure your billing is being managed by a knowledgeable company so your reimbursement is realized… a company like MBC!  We are ready, willing and, most importantly, able to manage your claims!

2012 Electronic Prescribing (eRx) Payment Adjustment: Assessment and

Eligible professionals who met the eRx payment adjustment inclusion
criteria, but who failed to meet the reporting requirements in 2011, may
receive the 2012 eRx payment adjustment starting January 1, 2012. The 2012
eRx payment adjustment for not being a successful electronic prescriber
will result in an eligible professional or group practice participating in
eRx GPRO receiving 99 percent (one percent less) of their Medicare Part B
Physician Fee Schedule (PFS) amount that would otherwise apply to such
services. Please share with appropriate staff.
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