MBC Puts its Service Offers to Physicians who Strive to Streamline their Practice this Holiday Season

The Myth that physicians workload lessens its pace during the holiday season has been broken and with the New Year quickly approaching physicians are preparing for some significant changes in running their clinics. A study by RNCOS depicts Healthcare IT spending by physicians and other healthcare is expected to reach $40 billion by the end of this year, with most of it attributed to electronic health record (EHR) systems, mobile health applications and efforts to comply with new government standards.

Many doctors due to the pressure of healthcare reforms are taking this time of the year to streamline their practices. According to the “Physician News Digest” due to increased reporting, problematic reimbursement and high potential liability, which place extraordinary stress on physicians, healthcare facilities prefer to partner with companies that specialize in outsourced physician services.

Doctors impacted by healthcare reforms…

Proposed changes to the healthcare system have already significantly impacted physicians and their spending pattern, and are challenging the entire system to deliver improved care. The last quarter has shown phenomenal results and the major reasons of increase in spending by physicians can be attributed to: - the Healthcare Reform Act, the new ICD-10 coding system, and adoption of EHR systems, which will be mandatory by 2015.

Outsourcing billing services – a solution to physicians

As physicians adapt to the new healthcare reforms, face costly regulations and reduced reimbursement rates from Medicare and commercial payers, they are looking at outsourcing their billing and collections. According to the American Medical Association, the top 3 payers, in the US adhere to paying contracted payment rates only 68% of the time.

To overcome these challenges, many physicians are seeking outsourcing partners and medical billing experts to help improve their revenue process. Medicalbillersandcoders.com has observed a spike in the outsourcing of the physicians’ billing requirements across various specialties. The last quarter itself, accounted for 35% growth in outsourcing trends. Physicians seeing lesser patients this holiday season are concentrating on fresh beginnings in the New Year and seek serious help from experts.

Medicalbillersandcoders.com offering optimum solutions in service and technology is becoming the choice across all the states of US to cater to the changing needs of the healthcare industry while meeting reform timelines. Their aim is to help physicians deliver quality care while they have profitable practices. To further incentivize the process of streamlining, Medicalbillersandcoders.com has been making great end of year offers for physicians to motivate them for a profitable new year.

Browse All : Medical Billing Companies, Medical Billing Services, Medical Billing Consultancy

How does Medicalbillersandcoders.com help?

·         Medicalbillersandcoders.com offers hundreds of trained billers well versed in the billing intricacies and issues of each specialty, with hands-on experience in single practices as well as multi specialty clinics and hospitals

·         They have a holistic approach towards Revenue Management as they understand that reimbursement begins with Physicians Credentialing and continues with efficient Denial Management

·         The consultancy services of Medicalbillersandcoders.com has been helping many physicians to start or streamline practices

Physicians across all 50 US States now have Access to the ‘Best Billing Practices’ guide with Medicalbillersandcoders.com

  Medicalbillersandcoders.com brings to physicians across all 50 states the ‘Best Billing Practices’ guide for all their medical billing needs amidst the changing healthcare landscape. MBC to help healthcare providers has come up with this guide to let physicians decide which area of their practice needs the most attention, giving them a sense of control as they obtain feasible and cost effective solutions for these areas.

Download Now : Best Billing Practices  Guide

MBC offers the ‘Best Billing Practices’ guide to physicians

According to the American Medical Association, there are a large number of non-standardized practices in medical billing; and with this innovative billing tool, we are striving to help counteract this trend:

MBC’s Best Billing Practices offers solutions to counteract top 12 problems which mar the collections of most practices:

1.  Accounts Manager: “Who in my office is in charge of my billing?”
2. Credentialing:  “To do or not to do? – Adds new patients and new administration tasks!”
3. Clearing House: Is there a Specialist in my office who can overlook this process?
4. Cost of Hardware & Maintenance: “IT has become indispensible in healthcare set ups”
5. Accounts Receivables: Can you assign individuals to solely concentrate on AR?
6. Handling a varied payer mix: “Do you have time to negotiate with all these payers?”
7. Coding becoming tougher: “If you thought there are a lot of codes that a practice needs to deal with till date, then think again. “
8. Financial Leakage: “If your clinic is undergoing financial leakages chances are that nobody is willing to tell you about it till the end of the year.”
9. Pre visits: “Authorizations and pre-visits result in fewer reimbursement claims turned down.”
10. Staff related issues: “In-house staff issues need to be looked into regularly.”
11. Administration tasks: “Is your staff constantly trying to balance the administration functions with the billing functions?”
12. Compliance & Regulation: “Keeping up with the various compliance and regulations amidst healthcare reforms. “

The Best Billing Practice guide to help you understand what is needed to achieve - A State-of-the-Art Billing Department:

MBC’s best billing practice guide step by step addresses clinic’s day to day problems where Doctor’s medical billing is changing every day- as payers make new regulations or change their claims negotiation procedures. Staffing or technology problems occur, errors go undetected and billing managers struggle to manage their daily workload, with most locked in a pattern of immediate solution but not focusing on effective management of the total operations.

MBC’s best billing guide attempts to make it easier for physicians in reaching a permanent and effective management solution to this problem - Through a question answer format MBC takes the physician through each of the 12 issues mentioned above, hence giving a clear perspective to the physician whether it is practicable and easier for him to streamline that part of his medical billing- by balancing their daily workload, issues and revenue amidst new regulations by choosing viable options. 

  With more and more physicians looking for affordable options to manage their medical billing, MBC’s billing and coding professionals are charged up for the change to make physicians billing services affordable and this guide is one of the steps being taken towards this endeavor.

MedicalBillersandCoders.com Launches a Job Board For Medical Billing And Coding Professionals Across All 50 US States

  Healthcare recently has been experiencing a shortage of healthcare professionals, in response to this shortage, MBC in continuation with providing trained professionals to the industry, has launched a job board to lessen the complexity of bringing physicians and coders together, eventually working as an easy-to-use interface between them through the facility on job listing.
The shortage of healthcare professionals is pushing various healthcare providers to handle their billing responsibilities via non-specialized staff, inviting the possibility of rejected insurance claims by Medicaid and Medicare and eventually dented revenues. To combat this MBC has introduced its job board providing an opportunity to medical Billers and Coders to access new avenues across all 50 US states.
How is MBC helping address this shortage?
MBC believes this shortage persists not only because there aren’t enough medical coders available in the US, but also a requirement of more platforms or mediators with an extensive reach across US States to bring them together.
MBC’s years of experience in the healthcare industry gives it a formidable advantage to make a difference through the job board, by helping not only established coders find employment but also new coding entrants making it easy for them to get appropriate jobs in the industry.
How will the Job Board help the job seeker and healthcare provider?
The job board is detail- oriented, easy to use and works for employers just as easily as it works for the job seeker (billers and coders). The employer can post a job in three easy steps:

1. By filling a form specifying the practices’ requirements
2. Specifying language and skill sets of preferred candidates
3. Mentioning benefits provided to the shortlisted candidates

More Info : Post Your Medical billing Jobs Requirement
On the other hand, job seekers in simple steps need to:

1. Browse through various job listings and can additionally browse jobs by state
2. Select and apply for the appropriate job along with uploading their resumes

More info : Medical billing Jobs
MBC’s job board is not a standalone site but a part of MBC’s main portal and apart from being a job facilitator, the portal will also double up as a window for the visitor into MBC’s service offerings and news and articles related to the US healthcare industry available on MBC’s portal.
Healthcare providers looking to staff or build an in-house team of coders and coders looking to kick start their career or get that job which will further it, are invited to register with MBC on our user-friendly job board and find access to numerous candidates and employers. With various In-house job opportunities posted to MBC regularly, sincere job seekers visiting these postings will benefit automatically through the job board.

How to Prevent Shrinking Bottom-Line With A Streamlined Internal Medicine Billing Process

Many Internal medicine practices in the US face the challenge of a shrinking bottom-line; mainly due to the diverse aspects of the specialty – diagnostic, preventive and curative. Internal medicine treatment has a collaborative nature where the treatment episode depends on or collaborates with different diagnostic laboratories and focused care centers owing to the various aspects involved in the treatment episode.

This provides financial challenges to internists as it leads to complications in billing and coding; especially as claims require joint coding of services and also the knowledge of the lab tests that are covered and ones that are not covered. Another source of financial challenge that internists face are that the various health disorders internal medicine deals with; involve a variety of separate codes.

Most commonly-faced challenges include-

• Accurately coding peripheral tests and processes like injections, removal of skin tags, etc
• Keeping track of frequent changes to ICD-9-CM and CPT codes for numerous treatments included in internal medicine

Browse all : Internal Medicine Billing Services

 Frequent errors faced in claim preparation-

• Selection of wrong codes
• Use of generic protocol instead of patient-specific physician orders

The issues above also leave internal medicine physicians in a poor position to transition to ICD 10 by Oct. 2014. And experts say that an unsuccessful transition to ICD 10 will cause a negative impact especially due to the regulatory changes brought on by the Affordable Care Act on reimbursement.

Hence, a successful transition is mandatory and will require analysis of the current and past claims to identify billing and coding, and reimbursement risks related to ICD 10 transition. Practices will also need to check their ICD 9 documentation for gaps because if there are coding errors in ICD 9, then the prospect for a successful transition to ICD 10 is bleak. This document audit will help physicians spot what’s working and what needs fixing.

MBC’s Revenue Management Consulting services can help you with this by assessing your in-house revenue management cycle and ensuring that there is sound coordination between various components of healthcare facilitating smooth flow of medical data. MBC also provides RCM services which have enabled physicians to accurately document their medical services and related activities, by usage of CPT and diagnostic codes correctly, investigating rejected claims, gleaning insights from them and performing self audits.

Medicalbillerandcoders.com, the largest consortium of billers and coders in the US, has been helping several small to medium size internal medicine practitioners with its Outsourcing services handling the entire range of activities involved in billing and coding, so that they can solely concentrate on healthcare even as they improve their finances. If you don’t need the entire suite of services, you can choose such parts of MBC’s services as will exactly fit your billing and coding requirements, such as post-submission follow-up or only claim submission.

Source: http://www.medicalbillersandcodersblog.com/medicalbilling/how-to-prevent-shrinking-bottom-line-with-a-streamlined-internal-medicine-billing-process.html

MBC Puts Forward Medical Billing Services to Physicians Facing Mid year Crisis

  As almost one-half of 2012 approaches, US Physicians who facing denials and have not yet collected enough are opting for outsourcing medical billing services with Medicalbillersandcoders.com in tandem with this trend experiencing high demand for its services.
Physicians facing Midyear Crisis
US Physicians this time of the year especially those who are facing a midyear crisis are highly motivated to revisit their billing process to make modifications, endeavoring to end the year profitably.
MBC also as part of this endeavor is providing consultation to such clients during their midyear review in various areas of the practice like:

• Billing & collections
• Cash flow management
• Potential revenue sources
• Personnel salaries
• Operating expenses

With the altering healthcare landscape physicians are facing challenges in various areas of their practice this year, resulting in many physicians acquiring scarce collections as they reach midyear. The advance & changes in technology, template issues with electronic health records and electronic medical records systems, increasing malpractice insurance premiums, Medicare cuts along with higher wage demands and employee turn-over are just a few of the challenges.
Medical Billing Outsourcing
Medicalbillersandcoders.com this year has witnessed an advent in Medical billing demand as health practitioners increasingly find it difficult to efficiently carry out billing processes on their own suffering revenue losses owing to billing errors.
Healthcare practitioners with MBC are benefiting from:

• Shrinking Medical Billing processing costs by 25% to 30% annually without capital investment
• Consultation and improved management control over the Medical Billing Process
• Application of MBC’s Best Billing Practices
• Assistance with in-house medical coder & biller specialist placements

MBC’s Medical billing specialists can improve both practices and hospitals bottom lines by way of faster and more accurate claims submission and processing. Healthcare practitioners whether midyear or any other time of the year, looking to immediately streamline their revenue process are engaging themselves with MBC to utilize their revenue management & consultancy services across the 50 states.

Medicalbillersandcoders.com invites an Expert Panel of Billing Specialists

Medical Billers and Coders consistently update themselves and strive to remain ahead in the ever-so-competitive field of medical billing.  We identified gaps in the market and set ourselves the challenge of meeting industry requirements. With payer denials on the rise and physicians facing loss of revenue due to proposed re-imbursement cuts, the need for proficient billing and coding specialists has never been felt more strongly before. MBC has a dedicated job portal that screens skilled coding and billing professionals but we feel there is a need to do more, hence we are creating a panel of experts who are pioneers in their field and can bring with them extensive billing and coding experience.
The outcome we are trying to achieve by doing this is:

• To establish a specialist’s panel who can advice and guide physician practices/ group practices & hospital departments and lend the expertise they have accumulated by working with specific specialties over years.

Billing and coding specialists remain behind the curtain but without their expert knowledge the healthcare industry wouldn’t be what it is today. MBC wants to be ‘the platform’ for those specialists who wish to share their knowledge and guide physicians and hospitals to optimize their revenue by applying the best ways of billing and coding practices. Hence, MBC would like to invite experienced professionals with proven capabilities, who have handled case studies and enriched their knowledge by venturing into various arenas of medical billing.
The Panel will consist of:

• Specialists with more than 15 years of experience in a particular specialty
• Professionals with advanced knowledge of Medical Billing functions
• Experts with know-how of certain best breed software and specific payer dealing

By sharing this vision with MBC, billing and coding specialists can give a voice to their opinions and help physicians in the complex ways of medical billing. So far, healthcare providers have felt the noticeable absence of a public forum where advice can be sought from independent consultants.  Our platform provides the perfect opportunity for specialists to add value to their profile by interfacing with other skilled panelists and at the same time credentialing their work by associating with a competent organization such as Medical billers and coders. We at MBC endeavor to showcase the abilities and recognitions achieved by our panelists and giving credit where it’s long overdue.
How will  Specialists Benefit from Partnership with MBC:

• Specialists can add credentials of consulting to their current accomplishments
• Open other channels of revenue for themselves by networking with clients
• A platform to publish their opinions and get their voice heard
• Industry Representation and networking on MBC’s behalf for proven experts

We believe in sharing knowledge and keeping abreast with the best industry practices, hence we like to be on equal footing with people who are market leaders. Come on board with us and see your career reach new heights.

MBC the Market Leader in Placing Certified Medical Coders in New Mexico

  Payers and Hospitals across the state of New Mexico are rushing to MedicalBillersandcoders.com with their requirements of experienced and certified Medical Billers and Coders. Especially as the HIPAA 5010 transition and the ensuing ICD 9 to 10 transition has heightened the need and opportunities of Medical Coders in the state.
Even the ICD 10 implementation deadline shifting from October 2013 to 2014 has had little or no effect on job requirements and the need for trained professionals. New Mexico and surrounding states following HIPAA guidelines with respect to both medical billing and coding and patient rights is leading to an increased job growth of medical billers and coders. Albuquerque being the capital and a city brimming with healthcare opportunity seems to be a new destination for certified Medical Administration professionals.
See more: Medical Billing New Mexico
Role of MedicalBillersandcoders.com
Over the years MBC has been the platform that connects Healthcare Providers and Job seekers to find opportunities that suits both parties. Hundreds and thousands of Medical professionals across all 50 states have been visiting the MBC portal searching for prospective job description and applying as per preference.
Through the MBC portal trained professionals with hands on experience in:

• Coding Medical Charts
• Reviewing Medical documentation
• Working alongside Physicians to align coding systems
• Flexibility in learning new technology

Are accessible to providers and are being hired at hourly rates.
Hospitals too looking at more complex transition policies and training strategies are keen to employ Billing and Coding specialists to minimize transition timelines and enhance the implementation results.
Scope for Billers and Coders:
The common belief is that every once in the life time of your career, there comes a chance to explore openings which have the power to revolutionize your career. Most recruitment specialist and Healthcare Market leaders believe the year 2012 -2013 is the time for the current generation of Medical Billers and Coders.

Medical Billers and Coders from all states, especially New Mexico, Arizona, Tennessee, Michigan and Idaho are experiencing at least 20- 22% hike in their hourly rates due to the ICD implementation wave. In tandem to this trend coding experts are flocking and utilizing Medicalbillersandcoders.com services to assess the opportunities that are lining up before them in these not so popular job destinations.

Specialty EMR Market not Completely Tapped

Recent estimates conclude there are various specialists in the EMR market who rather than using specialty EMR, usually follow the trend of using a general EMR which has a few extra functions; however user views suggest that general EMRs with extra functions/templates are usually not sufficient for many specialists.

The U.S. EMR market space is highly fragmented with more than 1000 players in the market with the EMR market expected to grow to $6,054 million in 2015 at an estimated CAGR of 18.1%. Most doctors recognize that EMR adoption is inevitable and are willing to invest in a good EMR, but specialists find it difficult to access a broad range of options when they want a system tailored to their needs. Various EMRs lack the sophistication needed to be effective in specialized medical environments and if an EMR has been designed for everyone, for every specialty, it has in reality very little value.

There is a wide disconnect between futurist visions and current EMR implementation rates amongst medical specialists, such as otolaryngologists and orthopedic surgeons. But generally EMR vendors provide solutions that are designed for generalized medical fields, rather than specialties as they focus their R&D efforts and finances on solving the needs of physicians such as family practitioners or pediatricians. Furthermore certain manufacturers choose an even wider approach and attempt to build systems that suit the needs of physicians across today’s very broad medical spectrum.

Multi specialties can do well by choosing generically built EMR if they suit their purpose, however it suits a specialist more to use specialty EMR’s to avoid higher costs and implementation. Physicians aware of this can definitely benefit from the right EMR.

Certain Advantages for a specialist of a customizable specialty EMR system over a generic system:

• Specialty EMR takes less time to implement and adopt

• Customized with the library of required forms and templates which helps the user to focus on quality of care rather than writing templates

• Generalized EMR’s could take a month to work properly and user has higher chance of making errors while preparing templates. Specialized EMR’s leave little room or no room for errors and omissions

• A specialty EMR is designed according to the workflow of a particular practice

• A general EMR system comes loaded with all types of features and functionalities whether a user needs it or not leading in distracting the user’s attention and efficient workflow

• Specialty EMR helps to improve competence through the accuracy of medical decisions

Hence it is evident that there is a large market for EMRs that specialize by practice type and gradually there is developing a trend amongst smaller EMR vendors who are trying to carve out their niche in the EMR market by focusing on certain specialties, but the market for specialty EMRs has a long way to go before it matures. Moreover doctors while choosing their EMR have an option of choosing from more than 300 EMR companies.

Balancing their act between healthcare reforms demands and patient care physicians can do well by partnering with a Medical Billing Consultant who can guide them and give them advice on the right EMR after studying their practice medical billing process completely.

MedicalBilersandCoders.com is offering a wide array of EMR’s for them to choose from besides providing consultation in selection of the right EMR which generate records through successful implementation in the healthcare practices which are eventually used by the practice for various purposes such as patient care, administration, research, healthcare quality improvement, and processing of reimbursements.

MBC Billing Specialists are Progressively Improving Rural Health Centers’ Revenue

   Medical billers and coders with its extensive experience in medical billing, coding and consulting provides extensive support to Rural Health Centers (RHC) billing requirements. The experience of the talented medical billers and coders on board with MBC is available to Providers as well as independent rural health clinics and facilities.
Understanding unique requirements of Rural Health Centers
The billing requirements of rural health care centers are unique and MBC has an in depth understanding of their specific billing requirements. The complexity of RHC billing escalates with professional as well as institutional billing components. MBC billing professionals are aware of the criticality of claim filing to both institutional (Medicare 'A') and professional (Medicare 'B') along with Medicaid filing processes. Most Rural health clinics struggle with medical billing and other administrative burdens and this can adversely affect their reputation, thereby affecting their performance.
Rural health centers are set up to be reimbursed from Medicare & Medicaid on cost based methods, rather than the traditional fee schedules. Since the reimbursement is cost based and medical necessity plays such an important role, gathering billing intelligence itself is a challenge for most billers and Medical billing agencies. The previous experience in Rural Health Billing makes all the difference to RHC clients’ reimbursement ratios.
With a decade long expertise in healthcare field, MBC has an extensive database of highly experienced medical billing professionals along with proven processes and solutions that can identify and meet the specific revenue management needs of rural health clinics. Ultimately MBC can help rural health clinics improve their functioning and improve the accessibility of their services in the rural areas.
MBC can help rural health clinics to achieve significant savings through specialized services:

• Detailed handling of electronic claims submission to multiple insurance companies
• Effective coding processes so as to help in improved collections
• Development of effective entry system pertaining to demographic information
• Development of accurate reports pertaining to visit as well as payments along with cost rate analysis
• Compliance reviews on an annual basis
• Plugging loopholes to ensure reduced rejections pertaining incorrect Medicaid FFS as well as Medicaid HMO claims.

MBC has on board highly experienced medical billers and coders specialists in the country. With their network of professionals spread across all the 50 US states, the rural health centers can be assured that well equipped and knowledgeable professionals will deliver their revenues into their bank accounts. With the specialized services on offer, rural health centers can immediately enjoy improved patient flow as well as improved operational efficiency. Smooth processes and efficient technology interface will support the rural health centers to effectively reach out to a higher number of patients thereby amplifying chances of increased revenue. The experts at MBC design efficient processes that keep the rural health centers updated of changes affecting the costs and effectively revenue of the practice. 

MBC is Leading the Way for Medium-Size Clinics Revenue Management

  In the aftermath of reforms, as a sizable portion of small to mid-sized healthcare providers in all the states of the US strive to improve their revenue management, Medicalbillersandcoders.com has seen a sudden increase in the number of small and medium sized healthcare providers either outsourcing their financial administrative activities required for compliance and reimbursement purposes to billers and coders or improving their in-house Revenue Management System (RCM) with their help.

MBC has been helping a sizable number of small to mid-sized clinics, who are feeling a greater pinch of the healthcare regulations that are draining their already limited resources – financial and otherwise.

The administrative activities brought about by the reforms that affect the revenue mainly include handling of data (use of correct codes and medical necessity where required) which being intricate in nature exposes the provider to the possibility of errors, leading to claim denials, resulting in not just loss of time which could be better spent on care but also dented profitability, which hurts providers of all sizes but leaves small clinics more paralyzed.

MBC’s Role in this Endeavor

The RCM consulting services offered by MBC is a point in case. Often medium-sized care providers have an in-house revenue management process which, they think, can do better with some amount of up-gradation and streamlining. MBC specialists do thorough study of your in-house revenue management process and helps physicians to plug sources of revenue leakage, minimize data-handling errors by identifying training needs of clinic staff and recommending appropriate software applications.

With MBC’s outsourcing services,  many medium-sized care providers have also been able to optimize their  resource utility by directing internal staff to core healthcare activities, improve their control over operating costs and have seamless claim realization.

However, the services Medicalbillersandcoders.com offers are not just holistic but also varied – particularly so that they can meet the needs of care providers of all sizes, giving them the flexibility to choose what exactly suits their business model in terms of effectiveness and organizational needs and nature.