The word "outsourcing" has become a dirty word for many physicians that have been burned by medical billing companies that either outsourced their claims to medical billing companies that use neither secure networks nor adhere to HIPAA regulation in order to maximize their profits; or the outsourcing company just turned out to not be reliable and it wound up costing the practice money to utilize their services.

Don't let a bad experience keep you from partnering with a legitimate medical billing company that can not only help you get your reimbursements faster but also realize great profits by maximizing every single medical billing claim that is filed to make sure that all services and procedures are counted by the carrier and reimbursed.

If you've been hesitant about outsourcing your medical billing because you aren't sure it would actually help your practice or you've been burned; do a little research on your own and ask for references. Ask the medical billing company what they will do for you. OMG will not only help you get the best reimbursements on your medical billing, they will also help you manage your practice by keeping your and your staff informed of coming CPT coding changes that will affect your practice as well as helping keep your patient accounts organized and you can log in and see where a patient's account stands for insurance payments versus out of pocket. This is a very efficient way to run your practice and when you have the extra time due to partnering with a competent medical billing partner, you will finally be able to help your practice really grow!

Labels: audit, consulting, denials, hipaa, injections, mastectomy, medical-billing, medical-coding, medical-data, modifier-51, modifiers, nurses, outsourcing, paper-trail, physician-credentialing, security

You already knew that nurses were important to your patient's health care, but did you know they also help your medical billing reimbursement bottom line? Although there would be increased hours for the nurses, it would not mean more medical billing cost to you. Extra nurse hours would mean improved medical billing reimbursement for your hospital.

A recent study done shows that a nurse care could reduce patient deaths by 6700 per year. Not only would patient deaths decrease per year, but the number of hospital days would decrease by 4 million as well. You may think that less hospital days would mean less medical billing reimbursement. However, that is incorrect. The fewer days spent in a hospital means less costs to the facility itself. It also means the hospital would be able to service more patients per year and acquire more medical billing reimbursement from each patient.

Another way your hospital can save money is to outsource your medical billing responsibilities. This is one of the best ways to reduce costs . Outsourcing medical billing means you don't have to hire your own staff to do those jobs. This would mean a reduction in salary payments, vacation pay, and sick leave. It would also mean you would not be responsible to train your medical billing staff. That would be left up to the medical billing firm.

Medical billing firms not only save you money, but they can improve the accuracy of your claims and reimbursement rates as well. They have highly skilled employees that check and double-check their work. They also have computer systems and software that check for errors before the claims are submitted to payers. Increased registered nurse hours, and medical billing firms can help your hospital improve your bottom line.

Labels: medical-billing, nurses