Healthcare providers in the current
environment are aware of the fact that every step counts, leaving no
room for errors as far as securing the revenues and reimbursements are
concerned for their services. However, as the procedure of patient
billing information has been traditionally managed by different
departments in isolation, showing little integration the deficiencies of
one department might impact the other department adversely, and even
damage the revenue cycle of the healthcare provider, hence providers are
now in need of a strategic avenue to procure the right revenue for
their clinic.
Processes like medical billing,
collections and denials managements are some of the prime activities
handled by the health care providers, which play a significant part in
ensuring revenue optimisation. However payment accuracy, resolving cases
of denials and managing the underpayments are specifically critical in
order to maintain the healthy bottom line. Additionally healthcare
reforms like – Electronic Health Recording (EMR) mandatory for securing
incentives under ARRA, transition to HIPAA and ICD-9 to ICD- 10, though
improving quality of care are also slowing down the Revenue cycle. All
in all physicians have very little option but to re –organize their
clinics entire billing process.
Medical billing partners being
specialists in their field provide a practical and optimum choice for
improving the revenue cycle, streamlining medical billing functions,
ensuring optimal reimbursements, operational efficiency and compliance,
thus helping the physicians and health care providers to achieve revenue
integrity. Billing partners regularly check for any coding errors
adding any modifiers if necessary thus negating any chance of
discrepancy in the billing process. Problems like denials and
underpayment can also be dealt with on the same platform, as billers
assist in helping streamline changes to the clinic due to health care
reforms providing experts who are well versed with ICD-10, HIPAA &
knowledge about the EMR software suitable for your clinic.
RCM of a health care provider being
quite complex, involves various processes and people, ranging from
scheduling the patient to billing for the services and collection. MBC
through it medical billing service
has been helping physicians who are at a constant risk of losing
considerable amount of revenue where lack of communication between
various departments and inefficiency are common features.
Medicalbillersandcoders.com has been involved in revenue maximization
for healthcare organizations by billing and coding for over a decade now
for physicians across the 50 US States and across varied specialties.
Our team is constantly training and
updating themselves about industry requisites also providing consultancy
right from the best EHR– to data analytics. At MBC our medical billing and coding experts are constantly striving to update themselves to achieve the right revenue for your organization.
