Should Your Practice Outsource its Medical Billing?

Should Your Practice Outsource its Medical Billing?

Should Your Practice Outsource its Medical Billing?Think about the day-to-day operations of your healthcare practice.  What is a typical day like for you and your staff?  Do things run smoothly?  Are patients receiving the care and attention that they deserve?  How about billing and collections?  Is all of your billing handled accurately and in a timely fashion? Are collection issues handled efficiently and are payments coming in promptly? Think about your answers to the preceding questions.  If you can’t answer yes to most of those questions then it may be time to consider a few changes in your office.  It may be time to think about outsourcing your medical billing and collections services.

Before you make that important business decision you need to consider many factors when choosing a medical billing company. Keep in mind that outsourcing these services is not always a complete problem solver for your practice – especially if you have numerous unaddressed administrative headaches.  An article on SoftwareAdvice.com cautions, “It’s important to note that a medical billing service isn’t a silver bullet for in-house billing issues. Billing services can vary widely in their efficiency and accuracy when processing claims. If a provider chooses a billing service that is lax and prone to errors, the headaches surrounding billing issues won’t get better – they can get worse.”

Therefore if you choose to outsource, it is important to realize that the success of outsourcing your medical billing and collection services is largely based on hiring an experienced and highly qualified medical billing company. When you are interviewing potential medical billing companies to work with, they should be able to provide you with references that can attest to the quality work they do and they should also be able to assure you of the following:

Certified Experience

Their staff should have up-to-date knowledge of all medical billing codes including a strong background in Medicare and Worker’s Compensation regulations.  It is also helpful if they have experience in your specific healthcare related industry.

 

Quick and Accurate Processing

Highly experienced medical billers will be able to submit claims in a more timely fashion than your current staff and as a result, they will be paid much more quickly and efficiently.

 

Reduced Errors

They should have a staff of professional and experienced medical billers and coders that can ensure billing and coding accuracy and timely submissions.

Should Your Practice Outsource its Medical Billing?

Strong Relationships

A professional billing company gets to know its clients through developing unique relationships with all of the practices that they work with.  A cookie cutter approach cannot be successful in this industry as the needs of every practice differ.

If your practice has decided to outsource your billing and collections efforts, Medical Reimbursement Services of Long Island is the business that you want to partner with. Medical Reimbursement Services is a highly experienced billing and collections agency that offers expert medical billing and administrative services that can increase the efficiency of daily operations in your healthcare practice. They are an owner-operated business and the business owners are always on site and involved in the day-to-day operations of the business and they never outsource any of their work.  If your practice wants to dedicate more time to patient care and less time to medical billing, coding, collections, insurance claims and administrative tasks, contact Medical Reimbursement Services of Long Island at 516-781-8100