Due to lots of altercation in ENT billing and coding in large part to the recent ICD changes and Affordable Care Act regulations, many facilities have elected to outsource their ENT billing and coding requirements with a company that specializes in otolaryngology healthcare charging services. On the outset, outsourcing medical billing services may sound like you are going the ‘hard way’, but for many practices and clinics today, choosing to outsource ENT billing is the ‘best’ way to get effective and efficient ENT billing and coding income cycle.
While there are numerous reasons to consider outsourcing medical billing for your ENT practice or clinic, but we can help your staff get on track with the ICD changes through a series of programs, while ensuring that you don’t have any delays in cash flow by running your ENT billing and coding with our outsourcing services.
Let’s look at the five ways outsourcing medical billing services can help your ENT practice:
#1 An Efficient Staff
If you are having difficulties making sure that your staff has enough time each day to take care of patients and keep up with ENT billing and coding, outsourcing might be the best bet. Have a look at your time management issues across the board, right from the front desk staff all the way to the back offices. A contracted medical biller can provide you with a complete analysis and help you find better ways to manage your employee’s time and create a more efficient and effective work atmosphere.
#2 Accuracy in work
When you work with a team of specialists for ENT billing, you will reduce the number of charging errors that occur with your accounts. The reason is that our ENT billing and coding staff does nothing else, but only billing and coding. Their entire focus is on keeping up with the latest coding requirements and procedures to provide our clients with the best services available. We provide our team with the latest training and support to properly submit your medical claims. This helps to reduce errors and improve accuracy, but most importantly, it helps to maximize reimbursements and boost cash flow for your practice.
#3 Financial Stability
Many practitioners think that it would cost more to outsource medical billing, but it’s actually the opposite. In fact, an average clinic can save thousands of dollars each year in salaries, training, support, benefits, office supplies and furniture, as well as buying and upgrading billing software and computer equipment. Outsourcing your ENT billing requirements will typically charge a flat rate per claim or charge clients based on a percentage of the reimbursement provided for each claim. This way the billing team is motivated to increase the speed of submission for each claim and ensure accuracy at each step to maximize the amount which they receive for each claim.
#4 Compliance is guaranteed
One of the most noteworthy issues facing many practices these days is guaranteeing billing compliance. Because the healthcare industry has experienced so many substantial changes in recent years, many ENT billing and coding staff are dazed and undertrained. Just the ICD transition alone set back many practices and resulted in rejected or denied claims due to billing errors. Outsourcing ENT billing can be a very good solution to help your staff get back on track, and it can help to streamline the office to ensure compliance with industry regulations and billing practices.
#5 Revenue in positives
The main advantage of third-party billing companies is the reduction in overhead costs due to savings for in-house staff, supplies, computers, and training. But, beyond those advantages revenue can still be increased due to timely submission of medical claims, resulting in improved reimbursements. With proper coding, a higher profit can also be certain, preventing your practice from ‘leaving money on the table’ due to coding errors.
We are a group of medical billing experts who offer comprehensive billing and coding services to doctors, physicians & hospitals. We provide end to end billing and coding solutions. Medisys Data Solutions RCM solutions ensure that the providers recover every $ they are entitled to. Our vision for the providers is “You Cure. We $ecure.”