Gain maximum benefits_by_outsourcing_to_a_medical_coding_and_billing_company
Gain Maximum Benefits by Outsourcingto a Medical Coding and Billing CompanyHealthcare institutions can gain maximum benefits by outsourcing to a medical codingand billing company. These benefits are in terms of increased efficiency, streamlining andgreater resources saved.Outsourcing MedicalBilling and MedicalCoding ServicesA medical coding and billing companycomprehensively takes over theseresponsibilities of healthcare providers andinstitutions. It helps the latter reduce theirworkload and save costs and resources. Reduced workload ensures greater efficiency onaccount of streamlined operation.Medical billing and coding are some of the most extensive responsibilities that demandsignificant expertise. It is estimated that around one-fourth of all income from medicalpractices is lost to issues such as under coding, under pricing, missed charges and claimsthat are not reimbursed. All these arise due to faulty billing and coding. Outsourcingensures greater efficiency in the medical billing and coding process.
Medical Billing and Coding Services AvailableA reliable and experienced medical coding and billing company comprehensively takescare of all aspects of billing. Its medical billing services generally include: • Patient Scheduling and Reminders • Patient Enrollment • Insurance Enrollment • Insurance Verification • Insurance Authorizations • Coding and Audits • Payment Posting • EOB Analysis and Denial Management • AR Management • Financial Management ReportingMedical coding services usually consist of: • Hospital / in-patient coding • Emergency room e-code evaluation • Medical coding audits • Backlog coding resolution services • DRG/ICD-9-CM coding validations • CPT medical coding • ASCs – Ambulatory Surgical Centers Coding • ICD-9 coding based on AMA and CMS guidelines
Advantages of a Medical Coding and BillingCompanyA medical coding and billing company has trained and experienced coding and billingspecialists with knowledge of procedural and diagnostic coding, Medicaid and Medicarerules, HIPAA, accounts payable management and electronic claim submission. Thecompany would also have advanced software and hardware resources to ensure efficientand quick coding.One of the greatest advantages of medical billing companies is their flexibility to adjusttheir services to the unique requirements of their clients. This is reflected in theturnaround times, the overall functioning of the company, its relationship with the clientand the charges. This ensures the medical billing services are affordable for the healthcarefacility and actually help it save costs.More AdvantagesThe flexibility is felt in the company’s use of the medical billing software which couldeither be the client’s existing billing software or the billing company’s own software.Some of the other advantages of outsourcing medical billing are: • Really quick turnaround times • 100% HIPAA compliance
Clients are given monthly and weekly reports detailing topics such as procedure codeanalysis, projections, and productivity. The medical billing company conducts regularquality analysis checks in AR management, coding and ensures clean claims. Theaccounts are analyzed by coders certified by the AAPC as well as other experiencedprofessionals.As a healthcare provider you stand to gain maximum benefits by outsourcing to a medicalcoding and billing company.For More Information:OutSource Strategies InternationalUnited States Main Office8596 E. 101st Street, Suite HTulsa, OK 74133Phone 800-670-2809http://www.outsourcestrategies.com