You know the importance of being proactive with your medical billing. You have implemented best practices, stay on top of everything the best that you can, hire the right staff, and track accounts receivables.
Despite your best efforts, you still find yourself battling things that seem to slip through the cracks and cause you a loss of revenue. These are things like finding the time to stay up-to-date on the latest rules and regulations in the field of medical billing, billing errors, and patients who always seem to have a hard time paying.
As a healthcare provider, you are probably looking for ways to overcome all of this. If so, here are some tips to help you be proactive with your medical billing, collect more revenue, and secure your practice financially.
How To Be Proactive With Your Medical Billing
Expedite Claims With Accuracy
Errors slow down claims, cause denials and/or rejections, delay payment coming to you, and simply enough, just waste time. In order to keep claims moving along at an expedited pace, make sure everything is done right the first time.
- verifying all patient information is correct
- verifying that all provider information is correct
- verifying that all insurance information is correct
- making sure the proper documentation is there and is thorough
- codes used are correctly, matched properly, and not missing
When you have done all of that, double check (or triple check if you have to!) all of the information before submitting it. Also, be sure to follow up after submission to keep things moving along.
Find Room For Improvement
In many different areas, you can search for ways to improve to help maximize your revenue and be proactive with your medical billing.
This could include things like finding patterns in difficult accounts. For example, if a patient’s payment is denied regularly, they pay late, and/or their contact information changes often, these are all signs that you are going to have trouble collecting.
Also, provide ongoing training for your staff on medical billing rules and regulations to help everyone stay up-to-date. Update software regularly to keep up with these changes.
Lastly, keep track of accounts receivables to look for patterns and/or improvements or declines from quarter to quarter and year to year.
Enlist Expert Help
If you want to keep your focus on patient care, consider outsourcing your medical billing to enlist expert help. Doing so will help you avoid the need to stay up-to-date with changes in the medical billing rules and regulations field. It will also allow you to take advantage of the expertise of someone, like us, who does. Our staff is dedicated to keeping up with these changes to help you process your claims quickly.
Now that you know more about how to be proactive with your medical billing…
…doing these things will help you streamline office operations, see increased cash flow and most importantly of all, allow you to focus on what you do best: offering excellent patient care.
At LPZ Claim Solutions, we take pride in our expertise and accuracy and we can help you find ways to streamline your efforts. We continually stay up-to-date on the latest rules and regulations in the field of medical billing.
If you are ready to be more proactive with your medical billing and need expert help, contact us. We can set up a free one hour consultation to help address your billing challenges.
For more information on packages and services that LPZ Claim Solutions provides, give us a call at 480-207-6367 or email [email protected].