MBS PPT

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Published on September 29, 2015

Author: medicalbilling

Source: authorstream.com

24/7 Medical Billing Services: 24/7 Medical Billing Services Contact- 24/7 Medical Billing Services 16192 Coastal Hwy, Lewes, DE – 19958 USA Phone: +1 888-502-0537 Website : http://www.247medicalbillingservices.com Email: info@247medicalbillingservices.com Medical practices are taking resort to outsourced medical billing services in the current wake of healthcare reforms and payment fee schedule 2015.: Medical practices are taking resort to outsourced medical billing services in the current wake of healthcare reforms and payment fee schedule 2015. Although outsourcing is a beneficial option, it actually depends on the practice’s health, size, performance and revenue cycle management (RCM). For many practices it might be wise to retain their billing in-house. Nevertheless, those who choose a billing partner experience the following benefits:: Nevertheless, those who choose a billing partner experience the following benefits: Value for Money Outsourcing the billing process is definitely a lot cheaper than having an in-house team do it. The reasons include cost cutting on infrastructure, equipments, software, salaries for staff, hiring certified coders, availability and more. Timeliness in Filing Claims Physicians don’t have to worry about punctuality of their staff, filing claims on time because the billing vendor makes sure all the claims are filed within 24 to 72 hours depending on the specialty and availability of the superbills . BENEFITS:: BENEFITS : Round the Clock Availability Practices have access to customer services 24/7. Online records and detailed reports make it easier for physicians to plan the course of action for altering the RCM to generate more revenue. Specialist Coders for Medical Specialty Hiring certified coders has become costlier than before because of ICD-10. Specialists provide complete medical billing outsourcing services to medical providers. BENEFITS:: BENEFITS: Follow up with Payers Rejection of claims is a common affair and working on the same claims takes a backseat due to the flurry of fresh claims but working on it is equally important because aging AR is not healthy for the financial health of medical practices. Increase in Collections Statistics indicate that collections remain stagnant if they aging AR is left unattended. CONCLUSION:: CONCLUSION : The reasons mentioned herein are the topmost benefits of hiring a billing partner. Billing partners work with different insurers and thus know the trend of what leads to more collections. They have a team of experts just to analyze what kind of claims to file first and how to go about working on the rejections to get reimbursed at first go for the following claims. So, if your practice is lacking these factors you can think of outsourcing your billing process to stabilize and increase the collections. Slide 7: THANK YOU Contact us on : http://www.247medicalbillingservices.com/contact-us/

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