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Understanding Your Billing Options
Are your finances in the right hands?
Featuring Emily Stowe, Managing Director, Bronco Billing
Why Do Practices Struggle?
โ€ข Changing healthcare climate
โ€ข New mandates
โ€ข Incessant changes: ICD-10 & T-codes
โ€ข Lack of standardization amongst payers
โ€ข Undefined rules & processes
โ€ข Therapy fields are unique
โ€ข ABA is โ€œnewโ€
โ€ข Overwhelming demand for clinical services
Why Basic Billing is Not Enough?
โ€ข Constant education is needed for provider relations and insurance
processers.
โ€ข Administrative demands are underestimated.
โ€ข Follow up and management (billing alone is not enough)
โ€ข Even great software requires GREAT people!
โ€ข Rejections and payment delays on clean claims
โ€ข Billing is the catch-all for ALL the organizationโ€™s issues, and thatโ€™s too late!
How to keep Billing In-house?
Keeping at least a portion of billing in-house can be smart and cost-effective.
โ€ข Efficient only with great management and workflows
โ€ข Hybrid billing arrangements are the way of the future:
โ€ข Outsource difficult payers
โ€ข Support internal staff
โ€ข Workflow and practice management
Why Hire a Billing Company?
โ€ข Growth and demand for services outpace the ability to manage effectively.
โ€ข Experienced experts in ABA and therapy billing practices are rare and hard to
find.
โ€ข A partner can equip you with knowledge to make better decisions in more
than just billing.
โ€ข Prefer having an expert and partner vested in your organizationโ€™s successโ€“ it
can be a lonely world!
โ€ข Transparency and training from people who have been there and done that.
A Distinct Difference
โ€ข โ€œOutsourcingโ€ doesnโ€™t describe all billing companies.
โ€ข Implies lack of transparency
โ€ข Doesnโ€™t suggest a partnership
โ€ข Find a partner.
โ€ข Important to collaborate on priorities and issues
โ€ข Should have clarity on all workflows and practices
โ€ข Involve them in all processes โ€“ start to finish
$
Selecting the Right Billing Partner
โ€ข A reputable billing company offers:
โ€ข Transparency and training with ALL workflows
โ€ข Adaptability around industry change
โ€ข Experience in your field (ABA, speech pathology, etc.)
โ€ข An understanding of your goals and expectations
โ€ข A vested interest in your success
โ€ข Support beyond billing
Assessing Your Needs
โ€ข One size does NOT fit all
โ€ข Different Types of Models
1. Premier Billing Services
2. Management Services
3. Consulting services (maximize authorizations, profit
analysis, billing standardization, etc.)
?
Found your Partner? Where to start:
โ€ข Clean up your data
โ€ข Know Your C.R.A.P. (Cash flow, Receivables, Analysis of payers, Practice
Management Workflows)
โ€ข Evaluate expenses (% revenue going to payroll, overhead, etc.)
โ€ข Goal setting
โ€ข Training
โ€ข Prioritize: eat the frog!
Questions for Bronco
Thank you for joining!
Interested? Contact Bronco:
Phone: 888-512-3397
info@broncobilling.com
For questions about CentralReach, please contact
careteam@centralreach.com

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When To Outsource Billing: Understanding Your Options

  • 1. Understanding Your Billing Options Are your finances in the right hands? Featuring Emily Stowe, Managing Director, Bronco Billing
  • 2. Why Do Practices Struggle? โ€ข Changing healthcare climate โ€ข New mandates โ€ข Incessant changes: ICD-10 & T-codes โ€ข Lack of standardization amongst payers โ€ข Undefined rules & processes โ€ข Therapy fields are unique โ€ข ABA is โ€œnewโ€ โ€ข Overwhelming demand for clinical services
  • 3. Why Basic Billing is Not Enough? โ€ข Constant education is needed for provider relations and insurance processers. โ€ข Administrative demands are underestimated. โ€ข Follow up and management (billing alone is not enough) โ€ข Even great software requires GREAT people! โ€ข Rejections and payment delays on clean claims โ€ข Billing is the catch-all for ALL the organizationโ€™s issues, and thatโ€™s too late!
  • 4. How to keep Billing In-house? Keeping at least a portion of billing in-house can be smart and cost-effective. โ€ข Efficient only with great management and workflows โ€ข Hybrid billing arrangements are the way of the future: โ€ข Outsource difficult payers โ€ข Support internal staff โ€ข Workflow and practice management
  • 5. Why Hire a Billing Company? โ€ข Growth and demand for services outpace the ability to manage effectively. โ€ข Experienced experts in ABA and therapy billing practices are rare and hard to find. โ€ข A partner can equip you with knowledge to make better decisions in more than just billing. โ€ข Prefer having an expert and partner vested in your organizationโ€™s successโ€“ it can be a lonely world! โ€ข Transparency and training from people who have been there and done that.
  • 6. A Distinct Difference โ€ข โ€œOutsourcingโ€ doesnโ€™t describe all billing companies. โ€ข Implies lack of transparency โ€ข Doesnโ€™t suggest a partnership โ€ข Find a partner. โ€ข Important to collaborate on priorities and issues โ€ข Should have clarity on all workflows and practices โ€ข Involve them in all processes โ€“ start to finish $
  • 7. Selecting the Right Billing Partner โ€ข A reputable billing company offers: โ€ข Transparency and training with ALL workflows โ€ข Adaptability around industry change โ€ข Experience in your field (ABA, speech pathology, etc.) โ€ข An understanding of your goals and expectations โ€ข A vested interest in your success โ€ข Support beyond billing
  • 8. Assessing Your Needs โ€ข One size does NOT fit all โ€ข Different Types of Models 1. Premier Billing Services 2. Management Services 3. Consulting services (maximize authorizations, profit analysis, billing standardization, etc.) ?
  • 9. Found your Partner? Where to start: โ€ข Clean up your data โ€ข Know Your C.R.A.P. (Cash flow, Receivables, Analysis of payers, Practice Management Workflows) โ€ข Evaluate expenses (% revenue going to payroll, overhead, etc.) โ€ข Goal setting โ€ข Training โ€ข Prioritize: eat the frog!
  • 10. Questions for Bronco Thank you for joining! Interested? Contact Bronco: Phone: 888-512-3397 info@broncobilling.com For questions about CentralReach, please contact careteam@centralreach.com