A billing service that does not bill the sessions accurately, misses timelines, or does not do enough follow-up can have a disastrous effect on your business; however, a well-run billing service can ease your life and greatly improve both your cash inflow and total income.A competent billing service drives positivity in your practice and in your life.
A billing company doesn’t leave a single penny uncollected to provide unprecedented boost and control in your cash flow.MDofficeManager provides the best combination of services to make physician work flawless.
For billing to be handled professionally, accurately, and thoroughly, MDofficeManager will be your right choice.A physician providing care for the patient and managing revenue simultaneously is not an easy proposition.
If they know the criteria by which to judge a medical billing service, they’ll be able to select a company that will significantly decrease their time spent on billing issues and increase their time spent on patient care.To correctly choose a billing company, a provider will need to evaluate these criteria: Criteria: 1 : Level of ServicePursuing denied claims.Billing follow-up.Complying with regulations.Reporting and analysis.
Criteria 3 : Use of TechnologyHere are some potential technological issues in those realms that will need to be addressed, and which MDofficeManager effectively addresses: How will super-bills and claims be shared?How does billing service fit with the provider’s EHR strategy?Does the service have an integrated EHR?What about data security?What are the procedures for disaster recovery?Where and how is the storage of backup data?Will a provider need to install and maintain software or would they be accessed online?What about compliance of HIPAA?By choosing a medical billing service that integrates with a provider’s EHR (or provides their own EHR) this gap can be closed even more.Criteria 4 : Pricing OptionsHuge volume of dollars are moved from one account to another and pricing is critical, as well as a social responsibility.Percentage-based: The service will charge a percentage of collections or they will charge a percentage of gross claims submitted or total collections.Fee-based: With this model, the billing services charges a fixed dollar rate per claim submitted.Hybrid: With this model, the billing service charges on a percentage basis for certain carriers or balances and charges a flat fee for others.
FUNCTIONS OF A BILLING SERVICEThe Entire Revenue Cycle – Automated & InteroperableΘ Contract Management.Θ Fee Schedule.Θ Pre-Visit/Scheduling.Θ Check In & Check Out.Θ Charge Entry.Θ Track Claims.Θ Reject Management.
