Compelling reasons to outsource your billing

It is in a billing company’s best interest to always stay on top of revenue leaks and maximize profits. A billing company is another set of eyes that recognizes operational failures that can cost a practice big money. The main objective of a billing service is to improve efficiency, reduce costs and increase reimbursements while leveraging state-of-the-art information systems. Management teams have a diverse background in practice management experience, coding expertise, operations management, information systems, insurance claim processing as well as state compliance and federal HIPAA guidelines.

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Five Steps to Taking Charge of Your Practice

There are many reasons physicians feel stressed with today’s current state of medicine. With external factors such as the regulatory environment, declining reimbursement, increased malpractice liability and an educated (and somewhat demanding) patient population, it’s no wonder physicians feel a lack of control over the future of their practice.

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Five Ways to Improve Patient Flow

  1. Monitor your work flow.

All specialties grow at a different pace. When planning your practice it helps to understand the volume of procedure along with your physician’s schedule. One way to assess your volume is a procedure analysis and your schedule. This will help determine if you are maximizing your income by specialty, if you have appointments out more than three months you may need to hire another physician or adjust your hours of operation.

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The Importance of Physician Documentation

The Importance of Physician Documentation

The absence of complete and accurate physician documentation continues to pose a concern for clinics and surgery centers. Being in compliance and ensuring accurate reimbursement depends largely on the quality of code assignments that drive prospective diagnosis related group (DRG) and ambulatory payment classification (APC) billing and payments.

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