How Outsourced Medical Billing Can Improve Your Practice’s Profitability

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Managing a medical practice comes with its fair share of challenges—from patient care to staffing and compliance. But one of the most overlooked factors impacting a practice’s financial health is inefficient billing . That’s where outsourced medical billing comes in—not just as a cost-cutting solution, but as a profitability booster . Here’s how outsourcing your medical billing can significantly improve your bottom line. 1. Reduced Administrative Costs Running an in-house billing department requires trained staff, billing software, continual updates, and compliance oversight. These overhead costs can add up quickly. Outsourcing eliminates the need for these expenses, allowing you to pay only for the services you use —often at a fraction of the cost. 2. Faster Claim Submission and Reimbursement Professional billing companies are equipped with experienced teams and advanced tools that ensure quick and accurate claim submission . This minimizes delays and accelerates cash flow , g...

Outsourcing Physician Credentialing to MBC

 

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As a practice owner, you might have a team of professional physicians who possess the right qualification and licenses but without properly credentialed providers you invite the risk of losing payments. To enhance the performance of your practice you must complete the entire credentialing process including collecting provider documentation & validation; identifying top payers; applying for top payers; follow-up on the application; obtaining enrollment, and periodic updates of payer documents for credentialing. If you lack the know-how to navigate the physician credentialing process, you need to outsource provider credentialing and enrollment services to professionals like us.

Our Provider Credentialing Services 

Our credentialing experts deeply understand payer enrollment guidelines and credentialing policies. Based on your geographical area of practice and patient mix, we identify top payers who need to get credentialed. Whether you own a group practice or are a solo provider, we have a customized credentialing service. For a single-payer, our physician credentialing services include the following:

  • CAQH attestation includes CAQH application filing; and CAQH quarterly attestations. In case you don’t have a CAQH account created, we will ask for all required information and documentation and will create a CAQH account. We will also enable it for payer review in case of credentialing and enrollment process.  
  • Filling up applications for all top payers. It will include completing the required documentation and identifying exceptions. Verifying practitioner/ facility information from physicians and obtaining missing documents and updating the payer’s database.
  • Enrollment for electronic transactions. Our team will enroll providers for electronic transactions like Electronic Data Interchange (EDI), Electronic Remittance Advice (ERA), and Electronic Fund Transfer (EFT).
  • Provider data maintenance includes provider demographic updates in payers’ records i.e., updates of the provider’s specialty or additional educational qualifications, checking the payer website and verifying provider details like Phone and Fax #, Zip code, updating the correction to payers, and tracking expiry date for State DEA License, Board certificate, and Malpractice Insurance. 
  • Contracting includes new group/individual practitioner contracts, adding/deleting providers in the existing contract, and rate negotiations.

To know more about Outsourcing Physician Credentialing to MBC, click here: https://bit.ly/44ihrQu Contact us at info@medicalbillersandcoders.com888-357-3226.

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