Wednesday, February 29, 2012

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

Tuesday, February 28, 2012

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

Monday, February 27, 2012

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/

Friday, February 24, 2012

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.

Thursday, February 23, 2012

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

Posted via email from medicalbilling's posterous

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

Posted via email from medicalbilling's posterous

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/

Wednesday, February 22, 2012

Outsource Medical Billing and Coding Services to Increase Revenue by 26%

Medical Billing India offers more cost saving benefits, Grab now!

Rapid growth in medicine needs and advance medical technologies increased need for professional medical billing services. Health care and medical industries repeatedly looses around 25% of total medical practice revenue due to un-reimbursed claims, missed charges, un-coded charges, under pricing etc. And this 25% loss could sum up to millions of dollars to well established companies.

Medical Billing India ranked high among billing and coding companies is helping companies to recover the revenue and profit by utilizing electronic medical claim procedures and most experienced medical billing and coding professionals in industry. Numerous experiences of various billing and coding needs helps professionals to understand customized need of every client are reviewed verified and then submitted.

Medical Billing and Coding services provided at Medical Billing India are as follows:
• Online Medical billing
• Medical Coding
• Insurance claim processing
• Patience invoice and coding services
• Medical coding audits
• Electronic claim submission
• Medical billing and claims etc.

Medical billing and coding services allow clients to focus on core business to achieve featured business goals without wasting time and without losing revenue. Companies can overcome factors like increased competition, expensive hardware and software, shortage of qualified medical billing coding employees on association with Medical Billing India to know more about quality billing and coding services visit http://www.medicalbilling-india.com

What benefits Medical Billing India can get you?
• Scalability
• Ensure Audit Compliance
• Minimize Compliance Issues
• Accurate Sorting and Filing Patterns
• Standardization
• Increase Adjudication Rates
• Fully Automated Payment Solutions
• Client-customized Modules for Claims Receipt
• Verification
• Duplicate Claim Detection
• All the above benefits with 40-60% cost saving

For any questions and queries email on info@medicalbilling-india.com or to Utilize Free Quote Offer fill your requirement details at http://www.medicalbilling-india.com/contact.php
Author: Harvesh Modh

Tuesday, February 21, 2012

Medical Billing And Coding As Lucrative Career Opportunity

In health care facility, an Electronic Medical Billing Specialist is entrusted with numerous responsibilities. Their duties include insurance verification, patient information, maintaining records of patients, pre-authorization of patients and also maintaining patients account and insurance claims.

In health care facility, an Electronic Medical Billing Specialist is entrusted with numerous responsibilities. Their duties include insurance verification, patient information, maintaining records of patients, pre-authorization of patients and also maintaining patients account and insurance claims. The authority to collect payments from patients also lies with Medical Billing Specialist who may also collect money to close accounts of the patients. You can find out more about the duties of these professionals by visiting www.activemds.com.

Medical billing Consultants are in great demand and are offered very lucrative packages. Those with prior experience in the field of medical billing and coding get even better proposition.
Those who wish to apply for the course of billing and coding must have a high school diploma. Those who have passed certain number of medical billing and coding specialist classes stand a better chance of getting a job quickly as many employers prefer to hire them over others. This course will prove very helpful to students in clearing the certification which is extremely important for their job placement. There are a number of universities, colleges, online institutions and vocational schooling institutes which offer courses in medical billing services. Visit www.activmds.com to know about medical billing services.

For those not interested in full time job, there is an option of working as medical coding consultant. They charge a small fee for providing medical coding consulting over the internet. Along with providing precise and exact suggestions to the health care providers, medical coding consultants provide them with coders for consultations 24/7.

There are numerous other courses available other than medical coding consulting. Courses like medical billing practice management consulting can be very useful if you are looking for a vocation in medical field. Those who have worked as doctors, nurses or health care providers can easily reallocate as medical management consultants. With their experience in medical community and procedures, they can easily provide medical guidance where needed.

For more information about medical billing services visit www.activemds.com
Author:activemds management
Source:http://www.synarticles.com/

Monday, February 20, 2012

Medical Coding and billing services for lowering healthcare costs

The physicians can easily outsource these additional tasks to service providers and concentrate only in providing better healthcare services to patients. The need is to delegate major tasks, such as document management and billing responsibilities to outside agencies. The healthcare facilities not only will have additional time available for the welfare of the patients, they also will have the benefit of saving huge costs.

Let us evaluate the costs for both, documenting patient's records as well as medical coding processes. A healthcare facility pays approximately $14 to $15 an hour to a skilled medical transcriber in the United States, and added to that are other cost such as setting up computers and software for the in-house medical transcription and billing divisions.

The healthcare facilities incur a cost of 35¢ for documenting a line of 65 characters of a patient's medical record. The outsourced companies based in India or Philippines are able to document the same line cost for just 9¢ to 10¢, this is a huge cost difference that can save hospitals or clinics millions of dollars annually.

Likewise, each medical coder and biller cost the healthcare providers $35,000 to $45,000 annually, and in comparison the outsourced companies that provide medical coding billing service charge as little as 2% of the total claim reimbursed by the insurance companies, surely this operation too if outsourced can save huge revenue.

The medical transcription services including billing and coding, is provided through the internet, the outsourced companies that are based in remote locations setup a Virtual Private Network with an EMR application that is in use by the hospital or a clinic. The IT division enables a login access for the medical transcribers and billers/coders fordocumenting the narrations of the physicians, for the billing process the insurance claims are documented by the logged in billers of the remote location company.

The advantage that this arrangement offers to a healthcare facility is that patient's confidential healthcare records stay within the hospital or clinics EMR application, which is a mandatory HIPAA regulation. Another benefit that these companies offer is a quicker turn-around-time, which is just 12 hours for documenting physician narrations and about 48 hours for billing documents. The sooner healthcare facilities explore the feasibility of setting up this arrangement the better it shall be for providing patient care at lowered costs.
Author:physicianbiller
Source:http://www.articlesbase.com/

Saturday, February 18, 2012

Does Free Medical Billing Software Really Exist?

Free medical billing software exists, but it might not contain everything you need. The first question that you need to look at is not price, but if it can satisfy your needs.

Free medical billing software exists, but it might not contain everything you need. The first question that you need to look at is not price, but if it can satisfy your needs. Just because software is free doesn't mean that is sufficient. Also, you must look at the HIPAA issue. If a company has to come on your site to install a server, then they will have to install a firewall with a VPN to have any sort of communication. A VPN (Virtual Private Network) is a device that will allow secure communications between servers over the Internet. I have not found any electronic medical billing software companies that have a free model that works this way.

So, how can I get free medical billing software? Well, that's the tricky part. Once again you must have security to be compliant. There are a lot of web based medical billing software companies that supply a security certificate. That means that after you sign in to the website you will be directed through a web security certificate or SSL. All you need to look for is that whatever page that you are in on the web page starts with https://. If you have this at the top, you will also have a lock at the bottom of your browser. This lock lets you know that you have a secure tunnel that is encrypted between your computer and the server. Please consult your medical billing software provider for more specifics on HIPAA compliance.

Second, you have to look and see if you can file your claims electronically. Electronic medical billing software is a must. This means that you can file a claim and then it is sent to the carrier through some sort of EDI (Electronic Data Interface). Here is where the free falls out of free medical billing software. Many companies will charge you a fee for this. It does save time and will speed up your collection time; however, it is better if you do not have to pay this expense. Medicare does not allow a printed HCFA anymore, so if your practice depends on this you will be disappointed. Also, is the software up to date and how much will I be charged for updates? There are companies out there that do not charge for updates and it is best to go with those companies.

Third, how do I follow up on my claims after they are filed and do I get electronic messages back from the carrier? This is important. If you get an electronic message back through the software, then you don't have to spend any overhead on your employees calling the carrier to see status. Also, most medical billing software has scrubbing features to notify you of claims that are not clean. This will save you valuable time not waiting for an EOB to be able to send an appeal. It is much easier, if a claim is rejected first before submission and allows you to fix and resend.

In conclusion, I have realized that there is nothing that is truly free in this world. If a site says they are totally free, I haven't found it. But I have found a couple that got pretty close.

With the economy the way it is, I think these 2 have a viable software and niche. One is http://www.FreeMedicalBilling.Net This software gives you the software for free. There is a maintenance cost for support and data backup among other features of $12.50 per month per provider. Other fees are minor for third party vendor applications and patient statements. The second is Synamed. This software has a free version with a fee for support. Electronic submissions are available for a fee and many other options are fee based. Based on my research, I do not think you can get electronic medical billing software totally for free as there will always be a catch until Google buys one of them; however, until that time these are two good options.
Author:Shannon riles
Source:http://www.synarticles.com

Friday, February 17, 2012

Outsource Medical Coding and Billing for Better Business

Outsourcing medical billing services, so that they can easily focus on the key business. Why haven’t you, so far given it a thought?

It is never too late to take apt decision. It is right time for you to accept change and start working with an outsourcing medical billing company to provide you with best service in medical coding and billing.

It is essential to get your medical coding projects handled by reliable medical coding specialist hired by a genuine company who provides best outsourcing medical billing services as preparing medical documents and reports maintaining 100% confidentiality.

Here are the benchmarks to known whether you are working with a professional medical coding service provider. They will stick to the decided time; maintain accuracy as well as security of data received from the client. A medical coding company can deliver professionally only if their medical coding specialists who are talented and receive updated training on the amendments in the medical support services. Transparency in communication at all levels facilitates the quality reports in timely manner.


You will find that almost all outsourcing medical billing service providers have professionally managed workflow procedure for varied activities which helps them in delivery of accurate services. Users of these quality and timely services are generally healthcare organizations, small group physicians or practicing doctors.

The gamut of medical coding and billing related solutions are as follows:

•Medical coding
•Medical Billing
•Medical Transcription
•Offshore medical services

For effective medical billing procedure Medical coding transcription is the most preferred out sourced service which includes translating descriptions of diseases, injuries and other medical conditions into numeric or alphanumeric codes. Most medical coding firms have proficient team players as medical coding specialists who guarantee you fast medical reimbursement working together to deliver time-bound and accurate medical services. They are not only very well-versed in medical terminology, but also use state-of-the-art dictation devices and appropriate software tools.

Most of these outsourcing medical billing firms have best customer support services which run 24x7 to serve their clients.

For more information visit us at: http://www.offshoremedicalbilling.com OR just e-mail us your requirements on info@offshoremedicalbilling.com to get an instant quote.
Author:medicalbilling11
Source:http://www.a1articles.com

Thursday, February 16, 2012

Health Insurance Claim Processing Services in India

Normal 0 false false false MicrosoftInternetExplorer4

Reliable and trusted insurance claim processing companies helps to get rid of all the hassle and health insurance claim processing procedures providing settled health care insurance claims quickly.

Medical Billing India renowned medical billing, coding and health insurance claim services providing company understand very well the medical, health insurance claim processing policies and aware of various claims and settlement processes. Thus making Medical Billing India dominating medical billing, medical coding and insurance claim processing company in India providing its reliable claim processing services at 40-60% low price than charged across USA, UK, Canada, Australia, Nigeria, New Zealand, Indonesia, France, Germany and other parts of the globe.

Simply contact best medical billing and health insurance claim processing consultants for a free trial on http://www.medicalbilling-india.com/contact.php

If you too finding it difficult cope up with your insurance claim settlements than its time to outsource it to specialist health insurance claim processing company in India. Choose the best suited insurance claim processing services your need now:

  • Health insurance claim processing services
  • Life insurance claim processing services
  • Medical insurance claim processing services
  • Medical insurance coding services
  • Medicare  insurance claim processing
  • Healthcare insurance claim processing
  • Other insurance claim processing services

Medical Billing India processes team of highly qualified and industry experienced team of health insurance claim processing experts with years of experience and in depth knowledge of claim settlement requirements across states, countries.

Benefits outsourcing health insurance claim processing to Medical Billing India:

  • Quick health care claim settlement
  • Accurate and on time medical billing, coding
  • HIPAA compliant procedures and methodologies use
  • Use of advance medical billing, coding and claim processing technologies
  • Increased reimbursement on claims
  • Cost saving of up to 40-60% outsourcing cost
  • Free trial on sample services etc

For any further queries and consultation to experts email us on info@medicalbilling-india.com and to know more visit us on http://www.medicalbilling-india.com/health-claims-processing.php

Posted via email from medicalbilling's posterous

Medical Billing Service Very Useful For Medical Companies

The medical billing service is helping in the reduction of paperwork as well as the expenses that comes with the managing of the billing system. With the help of the right medical billing service you can save money for your medical company. Most of the private practices as well as the government healthcare centers are taking advantage of the billing services as they reduce the workload.

The billing process is a lengthy and tedious process that needs to be accurate, but now with the medical billing service this process is very easy and it is very efficient as well as accurate. It saves a lot of time and money. The medical billing service secures your files and stores them in your master database. They have excellent quality, daily reports and updates about al the medical billings and has 24/7 technical assistance and customer support. They are excellent and have great experience with the billing procedures.

The medical billing service provides their clients with the following services, patient enrollment, insurance verification, scheduling and rescheduling, insurance authorizations, billing and reconciling of accounts, medical coding, payment posting and AR collection. They do all these with efficiency and you can run your medical company smoothly. Most of the small as well as large medical companies are hiring the services of these medical billing services to take care of their billing process and are very much satisfied with the result. They are left free to take care of the most important business of taking care of their patients with less stress.

You can get the help of the medical billing service providers via the internet. Most of the healthcare providers are outsourcing their medical billing as this is more profitable for them in regards with time and money. They are very efficient and will make sure that all your accounts are in order. You and your patients will have a better relation with their help as they will make sure that you get your medical bills on time. They are very good at what they do and with their expertise in this field you need not worry about anything.
Author:Scott Moscho
Source:http://www.informationbible.com/

Wednesday, February 15, 2012

Benefits of Hiring Medical Claims Billing Service Providers

Today the healthcare industry is flourishing in leaps and bounds. There is an increasing demand for medical professionals, medical claim processors and health consultants. In order to keep track of all the newest procedures, technologies, and techniques available and in order to distinctly distinguish each from the other definitions are coded for each of the medication procedures. The codes and definitions help the doctors to ensure accurate compensation for their services by the different health insurance companies. This procedure of coding is called medical claims billing.

Thus, you can see that it is basically the process in which various data for completion of necessary forms for claiming the compensation is collected and processed for payment. The documents that are required for claiming the compensation includes patient info, diagnosis reports, insurance cards, and documents for treatments. However, all these procedures of collecting, calculating and filing for compensation is complicated and you should rely on a reputed medical claims billing service provider for taking on the task on your behalf.

A medical billing services provider is equipped with efficient accounting software programs with which the service providers are able to calculate and evaluate the insurance money successfully. A major benefit of hiring a medical claims billing service is that it is time saving to getting the work done by an expert. These service providers are expert in dealing with the requisite paperwork effectively. These professionals are trained to understand a medical insurers EOB i.e. explanation of benefits. A medical claims billing service provider reviews all the claims for errors and look out for any loopholes in the procedure. So, with a medical claims billing service, you can ensure optimal reimbursement for the services you have rendered. It is not just at the time of making the claims but, a medical claims billing service provider helps you throughout by generating weekly, bi-weekly, and monthly reports that informs you about whether you are losing or gaining on various insurance contracts that you have signed. In short, the benefits of a medical claims billing service provider can be summed up as under:

* You are saved from the efforts and hassles of dealing with your insurer.
* Enhanced quality assurance.
* Reliable services throughout
* Improved and advanced medical billing tasks
* Maintenance of privacy and confidentiality.

If you too are looking for such a medical claims billing service provider, here is a recommendation – Global Healthcare Resource. You can approach it at GlobalHealthcareResource.com for all your medical billing and related services.
Author:Adolph Paul
Source:http://www.articlesbase.com/

Tuesday, February 14, 2012

Affordable Medical Billing Company, Effective Medical Billing Solution Providing Company

Medical Billing Outsource provides cost effective and quality medical billing services with to preferably costume your medical billing needs. Save up to 60% on medical billing projects cost. Avail our FREE trail Offer!!

Medical Billing Outsource is India based famous and trusted name in medical billing industries. Medical Billing Outsource provides accurate and cost effective medical billing solution with help of professional’s guidelines and years of medical billing experiences. You can save up to 60% by outsourcing medical billing projects to us.

We are following HIPPA compliance guideline for providing effective medical billing services to our in many countries and cities which are across the world such as Los Angeles, San Francisco, Santa Rosa, Anderson, Auburn, San Diego, Arcata etc. We have handle numbers of medical billing projects very effectively and complete in time frame.

Learn more about our online medical billing company through http://www.medicalbillingoutsource.com/medical-billing.php

We are providing medical billing services for various types of requirements:

• Cardiology medical billing services
• Nephrology medical billing services
• Psychiatry medical billing services
• Dermatology medical billing services
• Pediatrics medical billing services
• Radiology medical billing services

We use the latest technologies for providing medical billing services which are vital and of touchable value to medical providers. We are serving quality and accurate medical billing services to various businesses of healthcare, medical industries and other small and big size of medical services provider.

Why choose Medical Billing Outsource?

• Affordable medical billing solution
• Faster reimbursement
• HIPAA compliance services
• Free trial with no obligation
• Free Medical Billing Software and EMR

We have India based medical billing consulting firm providing refund of medical billing solutions to physicians & colleagues nationwide. We have proven track record for medical billing services.

Our medical billing service can improve the competence of your billing system, reduce denials, cuts operating costs, and save your precious time.

If you have any requirement and want to outsourcing medical billing services to us, please contact us at: http://www.medicalbillingoutsource.com or Email us at: info@medicalbillingoutsource.com
Author:Medical Billing Outsource
Source:http://www.prlog.org/

Monday, February 13, 2012

Outsource Medical Billing Services: The Newest Innovation In The Healthcare Industry

In an era that is entirely technology focused, with newer, better, faster gadgets coming on to the market every six months, it's about time that the medical billing industry caught up. The traditional method of medical billing is still widely used by doctors, chiropractors and physical therapists across the nation. Although medical professionals with their own practices may like the fact that they can monitor medical billing and coding if it is done in-house, the truth is that it is expensive and ineffective to hire and manage an entire staff of professional medical billing specialists.

The latest innovation in the healthcare industry is outsource medical billing. These online medical billing companies eliminate the hassle of paperwork and they also drastically cut costs. There are several flaws with traditional medical billing procedures. For instance, if there is an error on a claim, it can cause a holdup in reimbursement. Medical professionals entered into their field to help people, but they cannot ignore the fact that they must also be businessmen. Their practices must make a profit. Unfortunately, issues with medical billing and errors in coding can make it hard for medical practices to break even, not to mention make a profit.

Vast reformation of the current medical billing and coding system is coming from online medical billing companies, who have recognized the issues with the traditional method. Outsource medical billing companies offer services for all medical professionals in a wide array of practices. Professional online medical billing companies should offer a guarantee. Practices save money because these companies either charge a small flat fee per claim or a percentage fee for accepted claims.

One of the greatest advantages of utilizing outsource medical billing services is that it can save your practice a significant amount of money. The savings come largely from the fact that fewer employees are needed, which means spending less on salaries and benefits. Also consider the fact that less office supplies and even less office space will be needed. Outsourcing medical billing and coding can also increase the accuracy of your claims processing. Online medical billing companies hire experts who are certified, undergo training and take continuing education courses. It might be difficult, because of your location or the availability of qualified candidates, to find the expert medical billing specialists that the outsource companies have.

While it does reduce expenses, a medical billing company can also provide you with better service. These companies focus solely on medical billing , making them experts in dealing with insurance companies and Medicaid and Medicare. You'll find that some companies offer additional complimentary services to their customers. To keep your practice efficient and up to date, consider outsourcing your medical billing and coding.
Author:Landen Davidson
Source: http://www.articlesnatch.com

Friday, February 10, 2012

Medical Billing Company Selection For Qualified Medical Billing Service

If you are disturbed with the medical billing procedure, outsourcing to medical billing company is better option to cut the annoyance. Those practitioners who are already switched to outsourcing have noticed that the claims are processed accurately at less cost. There are very rare chances that you will get the errors in billing if you have qualified medical billing service.

As you have decided to go with outsourcing the task to medical billing company, you must concentrate on some of the point while selection. There are large numbers of scam happening for such so becoming aware is better.

It is highly recommended and vital to do detailed study of company before signing up for services. It is sure that there is some risk in hiring medical billing company because you may economize the strength of staff. In addition, you choose unprofessional company for doing the task. It is certainly wastage of time and money.

Not to be the part of internet scam, you must observer the site from every angle. You can easily avoid the scam by devotedly examining the website of medical billing company. You must have to look for professional page-layout and the simple information without having much grammatical errors. There must be contact form where you can describe your requirements. There must be authentication system like Live Chat or phone number or mailing address.

Now you are out of scam, you have list of genuine medical billing company. Is every company suitable for you? You have to make sure that medical billing company is offering the same service that you are asking for. The company is specialized in your field or not. If you are doing general practicing and the company has expertise in physicians billing, this company is not for you.

You must go through the testimonials of current clients. You can also ask for reasonable fee assurance and complimentary services. You can also ask for free trial to get the better idea about the efficiency of company. From the finalized medical billing companies you must have to select the best that is best for your practice.

Get renowned medical billing services by specialized medical billing experts at Medical Billing India.
Author: Ray Charles

Thursday, February 9, 2012

Electronic Medical Claim Billing

Faster turnaround time for cash flow improvement. If you have faith in handing over the company all your electronic medical claim billing, immediately you can contact them at any time through telephone or through email. Electronic medical claim billing can also be offered by the company by translation of automated claim by a stream of maintenance of database as well as reporting.

Electronic medical claim billing is offered by outsource strategies international that are leading business outsourcing of Process Company with headquarters in Oklahoma. It is specialized in providing electronic medical claim billing for outsourcing. This medical claim billing aids in providing quicker payments from various insurers by pruning time taken for preparation of conventional claims with various papers. Processing rate of electronic claim's load is less in paperwork when it is produced ON paper.

Electronic medical claim billing can also be offered by the company by translation of automated claim by a stream of maintenance of database as well as reporting. This billing brings about quicker payments for innumerable clients. You have a provision for avoiding costs of labor that is required for making payment for various clients. Costs are also involved in printing and mailing as well as sorting that are resulting in savings in a big way. Electronic medical claims are edited for getting valid information, diagnosis and codes of procedures not akin to various other paper claims.

Salient features of electronic medical claim billing can be enumerated as under:

  • Reduction in billing and errors in insurance.
  • Restoration of data and backup.
  • Management of time of clients for the purposes of accounts receivables of these people.
  • Costs need not be incurred upfront.
  • No maintenance expenses or ON installation of software or hardware.
  • Low rates in processing.
  • Quicker processing entailing faster payments.
  • Receipt of timely reports for claiming information regarding status.
  • Faster turnaround time for cash flow improvement.

The company creates, follows up and submits as well as posts various claims. They can transmit various files uploaded for the Bill players by utilizing secured file transferring protocol. For any extra audits or omissions and the companies system of assurance of quality by receiving notifications through electronic medium and generate immediately various alerting check points. The company has special technique for matching clients' accounts as well as bills with numbers of claims and has a review of codes before dispatch takes place to various payers. The company also affords accessibility to all clients' accounts with a solitary user-name. Various software packages of medical billing are available such as medical manager, inception, eclipse, e-clinical and etc. They also provide collections as well as medical billing by using the software.

To conclude, the company also is offering free trial for their services such as online medical billing, coding, medical billing and medical transcription and many more. If you have faith in handing over the company all your electronic medical claim billing and immediately you can contact them at any time through telephone or through email.

Check out these sites if you would like to see more ON Electronic Medical Claim Billing or Medical Billing Online.
Author: Shawn Manahe
Source:http://www.synarticles.com/

Wednesday, February 8, 2012

Expert Medical Billing Services India, Low Prices Medical Billing Solutions


Medical Billing India offers quick, dependable and quality medical billing services to its clients across USA, UK, Canada, Australia, New Zealand, France, Germany, Italy and other European and western countries at 40-60% low medical billing and coding prices than what is offered globally.

Try out the trusted medical billing services at Medical Billing India offering guaranteed increase in medical billing collections. Ask for a free trial on http://www.medicalbilling-india.com/contact.php

Medical Billing India utilizes its years of experience and proven expertise of more than 200 successfully delivered projects with increase of over 15-25% increase in reimbursements. If your practices grows and you are unable to cope up with paperwork, billing procedures, medical coding, billing and insurance claim processing than let it done efficiently by expert medical billers and coders at Medical Billing India and concentrate on practice.

Specialized medical billing services provides with reduced cost at Medical Billing India:

• Medical billing services

• Electronic medical billing services

• Physician’s medical billing services

• Surgeons billing services

• Medical claims billing services

• Medical insurance billing services

• Online medical billing services

• Patient billing services

• Healthcare billing services

Professionals at Medical Billing India stand out from the crowd offering quality medical billing and coding services at affordable prices. Outsource medical billing and coding services to get hassle free medical billing service helping doctors, physicians, clinics, hospitals, healthcare centers, government healthcare facilities to maximize their medical practices revenue by 15-25%.

Key benefits to clients outsourcing their medical billing services:

• Global medical billing services with state specific billing compliance

• CPT/ICD-9 / HIPAA Compliant billing and coding processes

• Experienced medical billers and coders team

• Reduction of up to 40-60% billing and coding cost to companies

• Fast turnaround time

• Guaranteed increase in medical practice collections

• Hi-tech medical billing and coding operation centers in India

• Flexible pricing for variant billing and coding requirements

• 24/7 online support to help clients

• Free trails to help clients check quality services etc


Contact professional’s medical billing services providing company in India at info@medicalbilling-india.com and to know more on outsource medical billing services provided visit us on http://www.medicalbilling-india.com/
Author: Ray Charles

Tuesday, February 7, 2012

Medical Billing and Coding - Tips on How to Select a Provider to Increase Collection and Lower Cost

Healthcare providers are often deprived of their hard-earned income because of rejected claims and inadequate follow-ups. Almost 20% of medical bills go unpaid because insurance companies reject claims based on bureaucratic errors and medical providers give up on the collection. Third party medical billing services have the necessary expertise, personnel and technical tools to ensure higher collection of bills, thereby increasing the revenue of medical providers. Following are some of the details a healthcare providers should know of a medical coding and billing provider before hiring it.

Type of medical billing provider

There are many medical coding and billing services in the market vying for clients. Healthcare provider needs to assess their own needs first, and then look for a billing service that serves their purpose. Most providers offer only billing services; they collect bills by submitting claims accurately and follow up on the payments. Some providers work only for small businesses, which are usually individual setups that offer specialized medical services. Large practice management companies offer comprehensive medical billing packages that include administrative services for running the medical practice effectively.

Policies of the billing services

A professional medical billing provider follows business practices that ensure high quality of services. Healthcare providers should check the processes followed to ensure effectiveness of the service:

Persistent follow-up of bills

The billing service provider must follow up on payments aggressively and persistently. Insurance carriers are very fussy and reject or deny claims on administrative technicalities. The provider needs to ensure forms are filled in correctly so that insurance carriers do not get an opportunity to reject them, monitor government programs to ensure accurate payments and pursue all billing collections with tenacity.

Compliance with regulations

The Health Insurance Portability and Accountability Act (HIPAA) mandates the privacy, security and protection of patient data. Medical billing providers are also privy to confidential patient information, and should comply with HIPAA regulations.

Timely submission of claims

Medical billing providers should be well versed with the billing system, types of forms and the deadlines for each type of form. Claims must be filed within specified timelines or the insurance company will reject them.

Cost of the billing service

Medical coding and billing service providers charge a flat fee for their services or a percentage of the claim they collect for the healthcare provider. The healthcare provider should examine which fee structure suits them best, and select a billing service accordingly.

Specialization

Some billing services providers have a specialty focus in a particular billing protocol. They promise better collections than general medical billing providers do.

Communication with healthcare provider

The medical coding and billing provider and the healthcare practitioner should communicate openly and clearly to have an effective relationship.

Skills of the workforce

An efficient billing provider should have trained staff that is skilled in billing. Healthcare practitioners need to verify the following about the billing provider's workforce:

* Are the agents trained in medical insurance coding standards?
* How much experience do the agents have in the medical billing field?
* Are the agents updated about changing billing processes through regular trainings?
* Are the agents familiar with both Windows and UNIX based medical billing systems?
* Does the billing provider work with employees or contractors? A provider that supports its own staff is preferred.


Technology adopted by the medical billing provider

Medical billing providers have a better chance of getting results if they are supported by latest technology and tools. Electronic submission of forms is more effective and less error prone than manual submission. Incorrect forms are one of the main reasons claims get rejected by insurance companies.

Billing services can potentially increase the revenue of medical practitioners by almost 30%. An effective medical billing provider frees healthcare providers from the burden of administrative tasks and allows them to focus on patient care.

Author:Daljeet Sidhu is Co-founder at TradeSeam Business Network. Connect with customers, suppliers, partners and service providers online and start receiving qualified sales leads to grow your business. Find, Compare Prices and Save on vendors and suppliers for your business needs. Power up your business by leveraging the Tradeseam verified seal to build trust with customers, partners and suppliers and receive more qualified sales leads and business opportunities. Read our medical billing service advice. Compare psychiatric billing quotes.

Source: http://EzineArticles.com

Monday, February 6, 2012

Expert Medical Billing Services India, Low Prices Medical Billing Solutions

Medical Billing India offers quick, dependable and quality medical billing services to its clients across USA, UK, Canada, Australia, New Zealand, France, Germany, Italy and other European and western countries at 40-60% low medical billing and coding prices than what is offered globally.

Try out the trusted medical billing services at Medical Billing India offering guaranteed increase in medical billing collections. Ask for a free trial on http://www.medicalbilling-india.com/contact.php

Medical Billing India utilizes its years of experience and proven expertise of more than 200 successfully delivered projects with increase of over 15-25% increase in reimbursements. If your practices grows and you are unable to cope up with paperwork, billing procedures, medical coding, billing and insurance claim processing than let it done efficiently by expert medical billers and coders at Medical Billing India and concentrate on practice.

Specialized medical billing services provides with reduced cost at Medical Billing India:

• Medical billing services
• Electronic medical billing services
• Physician’s medical billing services
• Surgeons billing services
• Medical claims billing services
• Medical insurance billing services
• Online medical billing services
• Patient billing services
• Healthcare billing services

Professionals at Medical Billing India stand out from the crowd offering quality medical billing and coding services at affordable prices. Outsource medical billing and coding services to get hassle free medical billing service helping doctors, physicians, clinics, hospitals, healthcare centers, government healthcare facilities to maximize their medical practices revenue by 15-25%.

Key benefits to clients outsourcing their medical billing services:

• Global medical billing services with state specific billing compliance
• CPT/ICD-9 / HIPAA Compliant billing and coding processes
• Experienced medical billers and coders team
• Reduction of up to 40-60% billing and coding cost to companies
• Fast turnaround time
• Guaranteed increase in medical practice collections
• Hi-tech medical billing and coding operation centers in India
• Flexible pricing for variant billing and coding requirements
• 24/7 online support to help clients
• Free trails to help clients check quality services etc

Contact professional’s medical billing services providing company in India at info@medicalbilling-india.com and to know more on outsource medical billing services provided visit us on http://www.medicalbilling-india.com/

Posted via email from medicalbilling's posterous

Correct Medical Coding, Medical Transcription, Scientific Claims Services From India

Offshore Scientific Billing has supplied numerous clinical health care and clinical billing products and services by means of far. Nowadays Healthcare has develop into one of the quickest rising industries in the International! This growth leads many hospitals and practitioner to outsource their clinical billing and repayment requirements to offshore facilities.

Clinical billing is the method covering a variety of activities however the main goal of any clinical billing company is to process super-expenses and submitting medical claims to insurance coverage corporations with a purpose to obtain payments for their shoppers in a well timed manner. We provide accurate scientific billing programs with greater than years' of enjoy; specialized in services rendered with Medicare, Medicaid and Clinical Transcription. Our scientific coding services are also a good idea to medical well being care.

Scientific billing is a challenging business that requires nice attention to details, quick processing and adherence to norms. Mistakes akin to beneath pricing, below coding and ignored charges create great loss within the scientific follow income. Offshore Clinical Billing has nice expertise in billing for administrative center visits, consultations, professional fees for surgical strategies, technical parts, skilled and facility charges for hospitals and ambulatory surgical centers, anesthesiology, health center visits and in-office minor and leading procedures.

Medical Coding is a profession that plays an a very powerful phase in the healthcare industry. The medical biller and coder is liable for reviewing and growing clinical records for documentation helping now not only assignment of a particular code to a medical situation, but additionally the scientific necessity of the prescribed treatment.We believe that mistakes-free medical coding is an integral part of professional and genuine practices. The medical doctors, hospitals, and healthcare companies are paid sooner and higher if the clinical coding and billing is done correctly. That is a space the place we have now thorough domain wisdom and may give comprehensive services. Prime-worth returns are assured to hospitals, physicians, and healthcare firms when you entrust your scientific repayment tasks to us.

In that Medical Coding is translating clinical language into alphanumeric representations. As the name implies, medical coding is the process of assigning a numeric value to medical diagnoses, indicators and symptoms of disease, poisoning and opposed results of substances, complications of surgical procedure and medical care. Those coding methods serve crucial function for physician repayment and let you to save up to 40% to 60% to your clinical billing and coding projects.
Author:Noblitt Debro
Source:http://goarticles.com/

Friday, February 3, 2012

Medical Billing Outsourcing Versus In-house

There are many compelling reasons why medical billing outsourcing to a professional medical billing and coding company makes sense. A major problem with in-house medical billing services is the human one. Management, turnover, retraining and growth. Do you have the time and money for all of that? HRM (Human Resource Management) is the most compelling single reason why physicians and other medical service providers outsource their medical billing to a medical billing company that specializes in providing this service.

HRM problems come about from two areas, employee turnover and practice growth.
Reducing Employee Turnover With Medical Billing Outsourcing:
While your practice may be lucky by having people who have stayed with you through the years, the fact remains that they will, eventually, leave. Others are faced with an on-going turnover problem. In either event, once a medical billing specialist leaves, you are forced to fill the vacant spot right away or your cash-flow may be compromised. That often means hiring someone with lesser …or worse yet very little medical billing experience. Inexperienced medical billing specialist make errors ... errors that can cost your practice money or seriously delay your getting paid in a timely manner. Also, who will take the time to train your new medical billing specialist? Will you spend your time doing this? Or will you pay someone else to do it? Is that a good use of your time? Even if you still have other medical billing specialists, their use in training will take away from their time normally spent in helping to get you paid in a timely manner. Medical billing outsourcing avoids these problems all together.

Many medical practices go through high turnover periods, while others find loyal people who dedicate many years to working for the same Physician. The human resource management cycle can be very difficult for a Physician to maintain. Once the medical billing specialist leaves, the Physician is left with no other option and is usually forced to hire another medical billing specialist who has very little experience. Ask yourself this question, when would you be the most worried; when your receptionist quits or when your medical billing specialist leaves? Do you really have the time to find a medical billing specialist who is experienced and reliable and can do the right job with the amount of attention your medical billing deserves? Medical billing outsourcing is a better solution.

Growing a Professional Practice:

As your business grows, your revenues will grow and so will the medical billing and coding workload. However, your employee costs are fixed costs, while your billings and receivables are not fixed. So, when your business has grown to the point where the workload overtaxes the current medical billing personnel, you will need to add another medical billing specialist … maybe more. That is an abrupt increase in fixed costs, because now you are - in effect - overstaffed, as the volume of the workload has not as yet caught up to your newly-expanded billing capacity.

Use medical billing outsourcing to change your medical billing expenses from a fixed cost to a variable cost and improve your ability to manage your business.

When you choose medical billing outsourcing, your costs vary directly with your medical billings. If your medical billings drop, your costs drop. If your medical billings go up, your costs do not rise disproportionately. This simple fact can make your business planning easier.

Less Paperwork and Lower Employee Costs With Medical Billing Outsourcing

If you do your medical billing internally, salary is typically only about 70-75% of your employee costs when you figure in payroll taxes, FICA and insurance. Not to mention that added paperwork cost of administering them. Plus, when your medical billing specialists are sick or on vacation, you're still paying them for not working. When you outsource your billing by taking advantage of our professional medical billing specialists, the overhead and paperwork is ours, not yours.

• Medical Billing Specialist's Employee salary
• Medical Billing Specialist's Employee benefits
o Worker's compensation
o FICA
o Healthcare insurance
o Vacation, sick leave, etc.
o Performance bonus
• Computer hardware purchase & maintenance
• Software purchase & renewal
• Clearinghouse fees
• Postage
• Stationery
• Physical (Office) Space
• Training and re-training
• Recruitment costs
• YOUR time
• YOUR opportunity costs

Reduce Errors and Receive Revenue Faster With Medical Billing Outsourcing:

Medical Insurers are always looking for ways to slow down paying you. It's how they manage their cash flow. Anything that is miscoded can cause your bill to be rejected or its payment delayed significantly. When you outsource your medical billing to our medical billing specialists, you'll not only be getting professional medical billing services, you'll be benefiting from a degree of accuracy that would be difficult to match internally. At Medical Billing, each submission is reviewed by a supervisor to help ensure accuracy. That "extra level of eyes" is a luxury impractical with in-house medical billing.

Our Incentive, Your Control

When you take advantage of medical billing outsourcing, you improve your cash flow and collections and reduce the costs and headaches of employee problems. And we can even offer you a line of credit at Below-Prime through Medical-Finance.com

Call now for a free consultation. Let our Medical Billing Specialists show you how to keep more of the money you make. Outsourcing your medical billing services allows the money you get to grow in direct proportion to the direction your business is going.
Author:Josh Gerson
Source:http://www.articlesbase.com/

Thursday, February 2, 2012

Why Outsourcing Medical Billing Services Is Important?

Outsourcing medical billing services has become very popular right now. It has become a booming business in the modern age. Medical Billing Outsourcing Means that in presents time many administrative difficulties during the preparation of insurance policy procedures and dealing with complicated billing forms.

To avoid this complexity, doctors look out for outside help, and hire representatives to advise them, attend insurance company seminars, and provide them with regular financial reports. Medical billing outsourcing has helped many a doctor build a successful practice.

Why medical billing outsourcing is important?

There are number of leading medical billing outsourcing companies offer assistance to your medical billing needs. Medical billing outsourcing assists doctors in saving money through payroll generation, equipment reduction, elimination of postage, and with software support.

When medical billing outsourcing is required?

Medical billing processing is the procedure, by which a medical professional can make a claim for payment of the service provided, from the insurance company or the government. The need to improve the efficiency of the billing process can be fulfilled by outsourcing the process to a medical billing company.

The benefits of medical billing outsourcing are as follows:

Access Specialized Expertise and Resources
Reduce and Control Operating Costs
Improve Cash Flow & Promptness of Billing
Free Resources for Other Purposes
Share Risks
Improve Core Business Focus
Increased Productivity
Increased Revenue

How medical billing outsourcing is beneficial?

Many outsourcing companies have come up recently to tap the potential in the business of medical billing. These companies are engaged in all types of services, which primarily involve maximizing and hastening the billing process by improving on the details. The outsourcing of medical billing is usually done to both, off shore and onshore companies.

By Outsourcing Medical Billing access to specialized medical billing tools, techniques, technologies, and knowledge that can only be maintained by a company that has focused its learning and business on providing top rate medical billing services. Outsourcing your medical billing to Fast Track greatly reduces these risks because Fast Track makes investments on the behalf of all clients.

So, most healthcare providers resort to medical billing outsourcing which involve the hiring of billing professionals. They act as consultants for doctors, and assist them in handling all medical billing needs, coding practices, and preparation of fee structure.
Author:Cristi
Source: http://www.articlesnatch.com

Online Medical Billing and Coding Headlines