Selecting The Right Medical Billing Service Provider

Practicing medicine is very challenging in today’s healthcare set-up. Many doctors complain that the hardest part of working in medicine is actually getting paid on time by insurance companies. Timely reimbursements require an effective medical billing structure. With increasing competency in the healthcare sector, keeping a track of insurance billing codes, rejected claims, uncollected bills, management of cash-flow healthcare professionals are frustrated to no end. In order to get rid from all billing related problems, outsourcing medical billing services is the perfect solution. It will not only lower your costs but also will improve your collections.

A good medical billing service provider aims at improving the efficiency of your billing system by reducing the number of denials and boosting reimbursements. Outsourcing your medical billing will help you cut down on operational costs and the time spent on performing billing related functions. But in order to find a reliable service provider, one should keep a note of the following things:

• You should check for the provider’s commitment to regulatory compliance. You should assess them on the basis of checking on the compliance policies and procedures used by their staff.

• Before selecting the provider, you should consider the number of employees who will support your account, their credentials, experience, and specialties.

• You should ask the service provider about the use of IT resources and billing software’s. You can further ask about the frequency of updates. You must assess their technology solutions and automated systems for conformance with the quality standards.

• You should check for service provider’s dedication to maintain customer service standards. The professional providers always have customer service guidelines published for their staff to follow.

A medical billing service provider interacts directly with your patients. So, choosing the right one based on the above criteria will help you find the right billing partner for your service.
Author:Active Mds
Source:http://www.searcharticles.net/

Medical Billing Services: Solution to All Your Billing Woes

With changing times there has been considerable change in the way professionals work and now there are specialists for everything. Growing scrutiny on part of the government has placed the onus of providing good quality services on the concerned professionals while maintain stringent standards. Medical profession is no exception to this changing trend. In the past doctors were concerned only about taking care of the patients and paid little attention towards maintaining the records and other paperwork. But with time, these matters have gained paramount importance and medics have to shoulder additional burden of taking care that such records are well maintained and error free. The cost of hiring staff for maintaining medical records and medical billing has gone up along with increased stress for the medics. That is where the professional medical billing services come in picture.

There are genuine companies for providing medical billing services to all sorts of medical professionals like physicians, surgeons, etc to spare them hassle of maintaining patient record and other related paperwork. All this is done electronically using latest software and stored in backup files too for safekeeping. The process is completely error free and safe from the any unauthorized person. Also you need not invest in extra staff and space while saving you lots of time and energy. Also the fee charged is very nominal and data remains protected from any damage by natural agents like fire, water, termites, etc.

Companies providing these world class medical billing services maintain the data and also deal with the matters concerning insurance etc. Most patients are covered by insurance and these companies make sure that claims are filed correctly and in given time frame to avoid any loss of revenue. With their systematic work, filing tax returns also become hassle free, correct and timely. These companies help in removing the additional stress on medics and let them concentrate completely on what they do best - treat their patients.
Author:activemds
Source: http://articlenexus.com

Are You Having Problems With Medical Billing Collections? Put These Six Important Steps Into Practice Today

Medical billing collections use is growing, as many doctor's offices, medical facilities and hospitals confront ever-increasing past due debts from slow paying patients and back-logged insurance claims.

Along with over 40 million Americans without any health insurance, a slow economy due to recession, and growing unemployment, means shrinking positive cash flow for medical professionals.

Given that prognosis, there are a number of things you can implement to increase your internal medical billing collections. By putting these six tactics into place, you can greatly improve your financial bottom line.

1. Be sure you have a clear payment procedure, placed visibly at the front of your office. New patients need to understand clearly what, if any, payment is expected upfront, in regards to co-pays, etc. This should be understood BEFORE rendering service.

2. Its vital to collect ample and accurate client information at the first visit to the doctor's office. Gather the patient's full name, birthdate, address, work, home and cell phone numbers.

Get their work information: address, phone number, their title or position, supervisor/manager, etc.

Clearly, the more information you can get here, the better. While some patients may balk at giving their social security number, its still a good idea, especially if the account has to be turned over later to a collection agency.

3. If the patient has private health insurance, its important that you verify coverage at this point. The hectic pace of the doctor's office during peak times shouldn't be an excuse for ignoring this crucial step. Verifying coverage here will save you, and your staff, many headaches later.

4. In the initial patient application, be sure to clearly detail the patients' responsibility for payment. You might also consider including language that should the account have to be turned over to a collection agency for non-payment, the patient will be responsible for collection costs.

In some states, the medical practice can recover their expenses for hiring a collections agency. But it has to be stated in the original patient-signed application at the beginning. (Be sure to check with your attorney about this, as state laws vary)

5. Allow patients to make payment arrangements for those going through financial difficulties. Because so many are either uninsured or under-insured, making reasonable payment arrangements via installments gives them more options, and greater peace of mind. It will also help generate cash flow to your practice.

6. Know when its time to turn problem delinquent accounts over to a debt collection agency. As covered earlier, rising unemployment, a recession and slow economy, and lack of health coverage has caused greater financial burdens for some patients, making it more difficult to pay for health care.

Most people want to do the right thing and pay their debts. But let's face it: others are less responsible. By implementing the before-stated procedures, you can better identify the patients going through temporary financial straits. Payment arrangements, and continual communications can address those problems.

With that, the more problem, non-paying clients have to be identified earlier as well. These are the ones to be outsourced to professional collection agencies who are better equipped to handle these types of accounts.

Failing to do so means wasting valuable time, labor and money dealing with difficult accounts. You can't afford to waste time here, because the longer an account goes unpaid, the lesser the likelihood of getting paid at all. By placing these accounts earlier, you greatly increase your opportunity for getting a great deal, or at least some of your money.

A good general rule thumb you should observe is after 90 days of no payment, medical billing collections should be outsourced to an outside collection agency.

These procedures are simple, but they're very important. And they can prove very effective in reducing your medical billing delinquencies. If you put these into consistent practice, you will greatly improve your medical billing collections.
Author:david p montana
Source:http://www.articlecity.com

Understanding Medical Billing And Coding

Medical Billing and Coding is essential for the health care industry, and fast becoming a viable career option for many people. While many people usually have a career that deals with both, in reality, they are quite different from each other and come with dissimilar job responsibilities. When looking for a job in this field it is not important to have specialization in both fields.

Medical Billing

Medical billing deals with the process of submitting claims forms of patients to insurance companies, and providers of workers' compensation, Medicare and Medicaid. They also have to ensure that timely payments are made for the services that the doctor and health care centre have rendered to the patients. In the event of any problem claims or unpaid claims, they have to follow it up with the insurance providers and settle the issue.

Medical Coding

Another name for medical coding is medical classification. Medical codes are universal alpha numeric codes that are used to identify patient’s diagnosis, medical procedures, diseases, and injuries. In order to assign these medical codes, the coders have to make a study of the medical records of the patients, doctor’s notes and lab results. These medical codes are generally used on claims forms, which are submitted to Medicare and Medicaid and insurance providers.

Scope of Medical Billing, Coding as a Job

Professional medical billers and coders are in great demand. They smoothen the functioning in health care centers and take on the more technical work. Doctors and patients don’t have to worry themselves about following up with insurance companies to find out about the status of their claims. Hospitals, Pharmacies, laboratories, doctor’s offices, and other health care providers are always looking for experienced professionals who can handle medical billing, coding, and some other related services.

For those who want to take up this job, they some basic training is required. However, with a few years of experience, you can easily set up your own business and make medical billing and coding into a challenging, money-making enterprise.
Author: ajcp
Source: http://www.articledashboard.com

Medical Billing California

EMR Medical Billing

HIPAA compliant medical coding and billing services, you can bank on!

It can be frustrating, dealing with insurance paperwork and waiting endlessly for your receivables. Billingparadise can help you in streamlining the insurance processing workflow of your office. We offer high level of scalability, and have provided medical coding and billing services for independent medical practices and large scale, multi specialty health care organizations.
Expertise in the HCPCS coding system

The medical coding team, at Billingparadise, is informed, proficient and updated on the Healthcare Common Procedure Coding System followed and practiced by the American Medical Association. We have a separate team of trained and professional medical coders to provide numerical and alphanumerical codes. We understand the intricacies and complexities of the medical insurance system and provide professional and flawless medical coding and billing services.

Well versed with Current Procedural Terminology Codes and ICD 9 CM database.

Billingparadise ensures that there are constant training and information sessions on the latest updates and developments in the CPT and ICD 9 CM coding database system. This ensures that the medical documents provided by us contain exact codes for the level of medical services rendered, which includes the tests and examinations conducted and the medical history of the patient. These codes are based on and derived from the current procedural terminology coding system.
We also provide accurate ICD 9 CM codes for the oral diagnosis, and medical treatment suggested, for the patient by the physician.

Professional, medical billing, services.

The medical billing services, offered by Billingparadise, strictly adheres to, HIPAA norms and HL7 regulations for the electronic data transmission of medical files. After transmitting the claims file to the insurance provider of the patient we ensure that we coordinate with the insurer and are available 24x7 throughout the claims processing cycle.

We guarantee HIPAA compliance and data security.
Billingparadise provides medical coding and billing services that are completely HIPAA compliant and we follow stringent data security guidelines. We only allow limited and strictly monitored access to the medical data. All health care records are password protected and are suitably encrypted. We follow all the guidelines laid down by HIPAA and ensure that every aspect of our medical coding and billing services, matches up to the highest of data security standards.

Professional medical Billing Service:
The medical Billing Service, offered by Billingparadise, strictly adheres to, HIPAA norms and HL7 regulations for the electronic data transmission of medical files. After transmitting the claims file to the insurance provider of the patient we ensure that we coordinate with the insurer and are available 24x7 throughout the claims processing cycle.
Author:Linda Parker
Source:http://goarticles.com/

Medical Coding: Pros Of Having Medical Coding

Medical coding is getting bigger as supportive healthcare activities. Currently, it is in the spotlight and in consideration of medical and health industry. In medial industry, medical coders are in high demands. They apply suitable codes to healthcare services, procedures and treatments. They also shorten the decryption of conducted examination by applying code.

Medical coding plays a viral role. IT helps you to send accurate and precise information to insurance companies. Accurate data help to get imbursement from healthcare insurance companies and government against the services that has provided to your patients.

Let us get into the word of medical coding and learn from basic. Here you can checkout the importance to healthcare industry and society of coding services. It will help you to expand and enhance your medical profession. Here are some of the pros of having medical coding services:

• Medical coding is a new business in the healthcare world. It is growing steadily as well as demand also increasing world-wide. So, this demand helps to generate more business and job opportunity. Certified medical coders will get prior preference. If you are planning for this filed, get the certificate.

• Medical coding companies, hospitals and insurance companies are ready to employ you. As certified medical coding specialist you will get wide range of work space such as office of doctors, hospitals, coding centers, law firms, insurance firms, government body and others. You also allowed to work from home.

These are the social benefits; let us move over other benefits:

• Medical coding is widely used because it offers you error free coding. With error free services, you or your hospital will get the quick reimbursements and make the cash flow leveled.

• Healthcare practitioners and hospitals can get the coding from remote palace by outsourcing. This way they can get out of managing extra workforce. They can also save space and utilize that in clinical tasks. So, your medical profession becomes organized and delivers effective results.

As social benefit, it generates more job opportunities and offer better pay that helps to increase the standards of living. With integrated medical coding system and medical billing services, your practice and hospital will get more exposure by having highly satisfied patients.

Author:
Ray Charles likes to write on medical related topics. He is currently affiliated with Medical Billing-India, a company providing medical billing and medical coding services. He invites you to log on www.medicalbilling-india.com.

Medical Billing Services India, Accurate Physician Billing Services

Medical billing services and medical coding plays a vital role in reducing claim rejection rates and accurate, efficient and on time medical billing services by specialized medical billing company can help physicians gain up to 26% more reimbursements.

Medical Billing India process more then 17 years of experience and expertise in medical billing services, medical coding and insurance claim processing services to healthcare organizations, hospitals, physicians billing services,physicians clinics billing services, insurances agencies, doctors, individuals from countries like USA, UK, Canada, Australia, Nigeria, France, Germany at 40-60% lower medical billing fees than what is charges locally.

Get the best experience on medical billing services before even hiring us on http://www.medicalbilling-india.com/contact.php.

Medical Billing Services offered at Medical Billing India:

• Cardiology medical billing services
• Nephrology medical billing services
• Psychiatry medical billing services
• Pain Management medical billing services
• Dermatology medical billing services
• Pediatrics medical billing services
• Anesthesiology Medical Billing Services
• Radiology Medical Billing Services
• Pathology Medical Billing
• Medical Billing for Orthopedics
• Urology Medical Billing Services
• Medical Billing for Internal Medicine
• Medical Billing for Physical Therapy
• Gastroenterology Medical Billing Services
• Medical Billing for General Surgery
• Neurology Medical Billing

As an established medical billing company in India we strive to provide quality medical billing and coding services helping clients streamline their billing services to gain increased revenue at lower billing cost than what they are charged presently.

Key benefits on outsourced physicians billing services:

• Experienced billing and coding experts
• Lowest billing and coding cost in industry
• Advance billing and coding software and tools
• HIPAA compliant medical billing services
• Fast and 99.98% accurate billing services
• Team of specialized and experienced medical billers
• ICD-10, CPT industrial standards are followed
• Flexible pricing on custom and bulk needs
• Free trail on sample medical billing services

Contact us for more details on medical billing services and benefits provided to clients on info@medicalbilling-india.com and for more details visit us on http://www.medicalbilling-india.com/physician-billing-services.php

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