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...

5 Things about Better Medical Billing and Happier Patients

 

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Let’s always keep in mind that patients come with some problems that they hope will be solved quickly and without any hassles. So, how does one keep the patients happy? While keeping a smiling face makes good sense, giving the patients a great experience is an art in itself. Here are a few valuable tips that can help you do just that. Outsourcing your medical billing can seem scary. The more empowered you are, the easier will be to make the right decision for your practice´s medical billing needs.

In our webinar “Five reasons to outsource your medical billing”, Health Prime´s Strategic Account Manager, Caroline Balestra, reviewed the main reasons to outsource your billing and some benefits for your medical practice.

5 Things About Better Medical Billing and Happier Patients

Give them the right to have a better choice

Being transparent is probably the first step in giving healthcare to patients in distress. Allowing them to make the right choice, or rather giving them the right to do so is very important.  The Centers for Medicaid & Medicaid Services (CMS) rating system gives patients a fair choice by letting them decide which healthcare provider is best for them. Most of the leading healthcare experts concur that this rating system does justice to patients.  With patients being more internet savvy today, online rating systems are viewed and assessed by most of them. Earning a 5-star rating from CMS is almost an obsession with most hospitals.

Accountability is as important as caring and sharing

Communication becomes a lot smoother when patients’ Electronic Health Record (EHR) is shared.  You can’t rule out the possibility of vital information being lost when medical charts and other info are shared verbally in person or over the telephone. Accountability is more meaningful when EHR is adopted universally and ensures patient records are maintained and shared with 100% accuracy.  Robert Green, author of Community Healthcare: Finding a Common Ground with New Expectations in Healthcare is all for accountability, which he found to be an all-important thing while playing patient advocate for his mother-in-law who was down with Alzheimer’s.

You can’t ignore the telephone – not yet

Although more and more people are becoming tech-savvy, one can’t ignore the fact that the ubiquitous telephone is still the preferred mode of communication. Especially with the latest advancements in mobile technology and the advent of the Smartphone, there are over 1,000 mobile health apps that are in use. A popular survey conducted by Research Now says that health apps are giving patients renewed hope and encouragement. More than 80% of the people surveyed felt that such medical devices would go a long way in enhancing patient knowledge about diseases, medical conditions, and their treatment.

To learn more about the 5 Things about Better Medical Billing and Happier Patients, click here: https://bit.ly/461YcMP, Contact us at info@medicalbillersandcoders.com888-357-3226.

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