Hire Medical Billing Services
One of the many business questions physicians face is whether to outsource their medical billing to third-party medical billing services or do it in-house with medical billing software.
Some physicians would assume outsourcing billing to a medical billing service makes the most sense. After all, they’re the experts with the resources to properly process your claims, right? Others might want to maintain control of collections and do it all in-house.
Depending on your billing method, you should expect to receive payment in as little as 15 days. If your insurance payments are averaging a turnaround time longer than 30 days from the time your bills are sent out until you receive payment, your office needs to develop a process for claim follow-up. Following up on the status of your healthcare claims can definitely improve your accounts receivable days.
We understand that the revenue cycle management for medical practices has become more complicated than ever. With ever-changing insurance company policies, government policies, compliance regulations and healthcare reforms,
Coding health-related data gives access to health records according to diagnoses & procedures for practice in clinical care & research. Common uses of medical codes in healthcare that includes: