Increasing your practices  profitability with physician billing                              servicesHealthcare facilities...
The physician billing service offered by a medical billing companyincludes:   • Enrollment into the billing system        ...
• Saving your valuable time   • Saving on overhead expenses such as salaries, benefits, payroll taxes,      and more.   • ...
For More Information:OutSource Strategies InternationalUnited States Main Office8596 E. 101st Street, Suite HTulsa, OK 741...
Upcoming SlideShare
Loading in …5
×

Increasing your practice's profitability with physician billing services

386 views
350 views

Published on

Physician billing services can increase your practice’s profitability and at same time it provides several intangible benefits. Hire experts for accurate physician billing services.

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
386
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Increasing your practice's profitability with physician billing services

  1. 1. Increasing your practices profitability with physician billing servicesHealthcare facilities could face financial issues due to under pricing, undercoding, or missed charges. These problems can be solved by outsourcingphysician billing services to a medical billing company. This will helphealthcare professionals avoid complications, increase work efficiency,reduce payroll costs, increase practice profitability, assure accuracy andenhance both patient and physician satisfaction. These factors account forthe rising demand for physician billing services.Emergency physician billing involves the filing and submission of patientclaims to insurance agencies in a timely manner in order to get the paymentsdue for the services provided. Experienced medical billing companies canhandle all your medical billing issues promptly. They are highly flexible andcan work on either your medical billing software or their own web-basedmanagement software. They provide services for a wide range of specialtiesincluding allergy and sleep medicine, critical care, cardiology,endocrinology, hematology, geriatrics, obstetrics, pathology, microbiology,pain management, and more.Comprehensive Physician Billing Services 1
  2. 2. The physician billing service offered by a medical billing companyincludes: • Enrollment into the billing system 1. Demographic information 2. Insurance information • Verification 1. Insurance verification 2. Authorization • Coding • Billing and Reconciling of Accounts 1. Charge entry 2. Cash posting 3. Reconciliation • Accounts Receivable Collections 1. Insurance collection 2. Patient collection 3. AR follow up and collectionsHow a physician billing service can enhanceyour profitsMedical billing services for physicians help practices to improve revenue by • Improving cash flow • Increasing collection ratios • Enhancing customer relationships with timely accounts receivable 2
  3. 3. • Saving your valuable time • Saving on overhead expenses such as salaries, benefits, payroll taxes, and more. • Simplifying workflow • Reducing paperwork • Elimination of costly errors • Saving on resources • Providing maximum reimbursement • Reducing old receivables • Eliminating claim denials • Reducing labor cost • Improving patient and physician satisfaction • Eliminating technical support costsA reliable service provider would research all accounts to develop a properaction plan, ensure regular quality checks and readily available reports.Locating a reliable medical billing companyTo benefit from quality physician billing services, you need to find a reliablemedical billing company. The internet is a valuable resource, providinglists of service providers you could check out. Analyze the services offered,accuracy and turnaround time ensured, confidentiality guaranteed and otherrelevant details. See if the firm offers a free trial. Going in for a test drivehelps evaluate service quality before signing up. 3
  4. 4. For More Information:OutSource Strategies InternationalUnited States Main Office8596 E. 101st Street, Suite HTulsa, OK 74133Phone 800-670-2809http://www.outsourcestrategies.com 4

×