As a clinician, what do you think is the key to a joyful, satisfactory and profitable practice? Is it an efficient group of supporting staff, a state-of-the-art practice management system and a good reputation?
Or is it qualified transcription, coding, billing and data management facilities with efficient management of insurance payments and denials? Actually, it is a combination of all these. Won’t you agree?
What should a good medical billing service do for you?
1. Maintain accuracy and attention to details
Right from scheduling of an appointment, the data relevant to initiate payment for the patient should be accurately entered, stored and migrated to avoid future payment denials from insurance companies.
Many times, even the minute errors made at the time of patient registration and collecting insurance details can end up making the entire payment process complex and tiresome.
2. Excellent updated knowledge of CPT and ICD 10 medical coding
The staff working for you at medical billing services must have a thorough knowledge of all the complexities associated with using the right code for the right disease condition.
It prevents a lot of payment-related problems in the future. Following correct coding protocols is of paramount importance in accurately traversing the diagnosis and treatment plan to the insurance provider. Often lack of clarity in coding and billing ends up in a payment denial.
3. World-class technology software solutions
With the right software solutions installed on your clinic computers, the whole process of patient registration, fixing appointments, patient payments, data management, insurance filing, follow-ups, and further visits becomes much less complicated.
The latest technology practice management systems can turn your practice blissful with their services. Be it initializing your practice, migrating existing records or data analysis for future reference; do it digitally with the best available resources.
4. Insurance verification and preauthorization services
The service must include providing you with clarity on the patients’ insurance status and coverage so that you and the patient can be in the know when the treatment is being planned.
Making the patient aware of their insurance status, what kind of treatment will be covered and reimbursed will avoid a lot of unnecessary issues in the future. Helps improve the clinician-patient relationship and reputation of the clinic.
5. Meticulous submission of claims
A flawless, well-defined, error-free claim submission is the first step towards making the entire process of payment hassle-free. A good medical billing services provider should be able to do that for you. Most occurrences of payment denials are based on ambiguities regarding patient details, insurance details, coding errors, improper filing etc. Dealing these with experience and attention to detail can prevent denials to a great extent.
6. Support on patient follow up and ongoing treatment
The association between the patient and healthcare provider does not end with a few visits to the clinic. The service should extend to future visits too.
The reputation of the clinic, quality of care and hassle-free payment help in creating a happy and loyal client base. With a good service provider, you can aid your patient with payment options and multiple payment gateways.
The association can also help in making them aware of their claims and advantages while avoiding multiple patient encounters for payment backlogs. Taking care of all the paperwork fast and easy truly fortifies the doctor-patient relationship.
7. Manage claim denials effectively for you
Count on a good service provider to do the needful in times of insurance denials by learning the cause of denial and suitably rectifying it. A well-defined denial management protocol from your provider can assist you in ensuring prompt reversal of rejected claims.
8. Support you in specialty practices
Are you planning to indulge in any special disciplines of clinical practice but are not sure about the billing and payment part of it?
Surely it takes experience and good understanding from the part of the billing service provider to crack the ambiguities regarding coding and billing, especially when it comes to uncommon specialty practices.
Make sure you obtain the best possible support in this quarter so that you can have your horizons widened.
9. Be sure to be HIPPA compliant
In today’s world, privacy and accountability of patient data while storing, transferring, coding and using for research purposes is strictly monitored due to various reasons.
Make sure your support system is the best with their confidentiality compliant practices in data management.
As a clinician, you need to pass on trust and support to your patients; it forms an essential part of a good quality clinical practice.
Expanding your practice, maintaining the quality of patient care, upgrading yourself with the modern advances of medicine and health care is what will make you the best in your field. So, make sure to choose the right medical billing service partner to achieve your dreams.