October, 2016 – Poor or inefficient medical billing can hurt a physician’s practice’s bottom line. The claims process is critical to any medical practice and can have a make-or-break effect on its profitability.The percentage of medical bills with errors is quite high. These errors could range from misspelt patient names or failure to verify the extent of patient’s insurance coverage. In addition, healthcare regulation changes and technology upgrades make keeping up with medical billing process tough. That is why most practices choose to outsource their medical billing to professional medical billing and coding companies, such as MPMR in Los Angeles.
Read on to understand how you can file error free claims processing and improve profitability in your practice.
• Your front desk staff should be trained enough about different insurance payers, their coverage, and taking patient details correctly. This is an important first step in an error-free billing process.
• You should hire well trained coders and billers. They should be experienced and well-versed with the latest healthcare regulations.
• Billers should double check the claim before sending. You should be able to get maximum payouts the first time. Appealing and re-filing claims is a time and resource-intensive process.
• You should have staff to follow-up filed claims and re-file or appeal in case of denials.
• If you can’t allocate staff for a rigorous claims management process, outsource your medical billing to a physicians billing service.
A professional medical billing company has trained and experienced coders and billers who are experts in claims management. Besides, they are regularly trained on changes in health regulations. The medical billing service gets paid on the reimbursements they are able to make for you, so it is also in their interest to get you payouts faster.
Besides, you can attend to the several demands of running a medical practice while a professional company takes care of the medical coding and billing process.
Apart from medical billing, these companies can help your practice with contracts and credentialing, operations management, revenue management, administration and consulting.
ABOUT MPMR
Medical Practice Management Resources (MPMR) is not only one of the top medical billing and coding companies, they are revenue management specialists. They help you become a top performing medical practice or ambulatory surgery center without spending a bomb on staff, equipment and training. The company can provide clear direction and administrative assistance so that your entire practice can work toward the same goals.
MPMR’s staff has over 30 years of experience and is knowledgeable with many EMR’s and PMS’s. Their physician and ambulatory surgery center personnel work with the nation’s top clearing houses.
To learn more on how a medical billing service can help you, call Medical Practice Management Resources (MPMR) in Los Angeles at 951-757-2056.