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What To Look For When Choosing A Billing Company?

What To Look For When Choosing A Billing Company?

What To Look For When Choosing A Billing Company?

Deciding to outsource your medical billing is not a decision to be taken lightly, and in the beginning you may not even need to outsource your billing in the beginning. But soon, you will find that your staff is so busy servicing your patients and running your office with its day to day goings on, finally you have to look at outsourcing.

There have been some horror stories out there about physicians outsourcing their medical billing or practice management to a company and then finding out it cost them even more money because the company just wasn’t up to date on their coding books or simply not experienced enough to handle the coding and billing.

Before you can choose a Billing Partner, you need to decide upon your goals in outsourcing your medical billing in the first place. Some practices wish to outsource their billing to keep patient care separate from billing issues. Others outsource because they are simply too busy to keep up any longer and realizes the costs adding another employee to their staff can cost a practice in terms of taxes, unemployment claims, and more.

Look for a Billing Partner that is up to date and fully compliant with HIPAA regulations, ask for references, find out how much experience the medical billing company has, find out what the medical billing firm does in the cases of denied or partially paid re-imbursement claims. Find out what the re-imbursement rate on claims filed by the medical billing company.

These are the questions you should be asking your potential medical billing partner so you can choose the right fit for your practice and establish a long and profitable relationship.

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