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choose right medical billing services for physicians

Choosing the Right Medical Billing Service: A Complete Guide for Physicians

Physicians operating across the United States have continuously contemplated the answer to a question that concerns their revenues the most: “How to choose the right medical billing service for optimum collections?”. Well, contemplate no more because we’ve been working for the past few years to provide you with a matrix that helps in choosing the right medical billing company for your revenue cycle management

Here are some of the most essential attributes of a medical billing service that makes it right for the job:

Up-to-date Software and EHR Flexibility

Physicians working around the 50 states, hear up! Before choosing a medical billing provider for your billing needs, you have to make sure that they are using the right medical billing software along with a flexible Electronic Health Record (EHR) system. This is important because recently the healthcare sector has come under scrutiny owing to emergency situations caused by Covid-19 and the recent Monkeypox outbreak. Unfortunately, not many healthcare providers have been able to live up to the expectations when it comes to the provision of emergency healthcare. 

As a result, patients have had to suffer delays in treatment, and the overall reimbursements and claims of practices have been mismanaged. Having an up-to-date billing mechanism can radically change the situation to provide efficiency to the process, and make you less susceptible to claim denials in an emergency situation. Hence, physicians have to be careful while choosing the right medical billing solution for their needs. 

HIPAA Compliance

In order to carry out their billing operations, medical billing companies require access to sensitive and protected health information. This is why the right medical billing organization must be HIPAA compliant. In other words, the billing company needs to fulfill all standards following the HIPAA rules for medical billing. Such rules ensure that the Protected Health Information (PHI) is safe and not disclosed to any other medical entities. The following information falls under the PHI standards: 

  1. The fees for treatment paid by insurance companies or patients. 
  2. Information regarding the overall treatment of patients along with the medical history. 
  3. The location where the treatment was offered.

Such information is truly sensitive and needs to be protected with utmost care. This is why your right medical billing company will always be a HIPAA compliant company that ensures the protection of such information. 

Professional and Experienced Staff

It is said that an organization’s quality is based mainly on the quality of its workforce. An experienced staff led by qualified medical billing leadership can provide physicians with greater value as compared to a team of novice medical billers. This is where physicians have to do a little research regarding the historical background to choose the right medical billing company for their needs. Once you find the right medical billing service near you, you will feel much more independent in your operations. 

This is also because a strong medical billing organization provides you with the much-needed autonomy to operate and provide quality healthcare to the patients. Once the patients are satisfied with your treatment, your practice is likely to grow in an exponential manner. This is a clear indicator that you’ve selected the right billing company for healthcare. 

24/7 Customer Support

Having a strong customer support department is highly essential for any business nowadays. However, not many businesses are able to provide 24/7 customer support due to the high costs associated with it. As a result, clients have to suffer and businesses are not able to grow. However, the right medical billing company for physicians will invest in a strong customer support department because of the importance it has in the healthcare domain. 

It is obvious that a “24/7 customer support” department will be able to tackle any emergency situation and provide physicians with a level of comfort and safety. Such problem-solving support allows physicians to work with considerable autonomy and ensures a smooth workflow in any emergency situation. 

Covering the Concerned Medical Specialty

It is a statement of fact that all doctors and physicians do not provide the same kind of healthcare treatment to patients. This is why they should make sure that the right billing company must be well-versed with the billing mechanism and ICD-10 coding relevant to their specialty. For instance, the right billing company for cardiology billing must be experienced and trained in the billing and coding for cardiology healthcare. Only then it will be able to provide physicians and cardiologists with the right cardiology billing solution. 

Quality Services at Affordable Costs

Lastly, the most important indicator of the right medical billing company is its overall cost for services. Here you should be highly picky in selecting medical billers who aim to nickel and dime physicians, affecting their revenues. This is why physicians should always look for affordable as well as reasonable packages, allowing them to grow their practice in a sustainable manner. However, you should also not compromise on the quality of the service as an up-to-the-mark billing service can help you increase revenues much more quickly as compared to a mediocre one. 

Billing Requirements✓/✗
  • Up-to-date Software
  • HIPAA Compliance
  • Trained Staff
  • 24/7 Customer Support
  • Specialized Services
  • Affordable Costs

Conclusion

To sum it up, the right medical billing company is a mixture of all the above-explained characteristics. After reading this piece, you, as physicians, have a matrix to judge a billing service to see if it is the right medical billing company for your specialty or not. You can now ask all necessary questions and collaborate with a billing company to benefit your small clinic or private practice. 

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