When it comes to managing something as important as the insurance claims in your optometry practice, many people can be defensive of the process because it is tied directly to their revenue cycle. As a healthcare facility owner, it’s good to keep an eye on the processes that are making your practice earn money. However, being successful at managing your practice’s income-cycle and claim reimbursement in optometry is a full-time job in itself and requires a high level of knowledge to keep the cycle rolling along effectively.
If you or your billing department is feeling overwhelmed with the workload, or you think you aren’t managing your billing cycle to the highest potential, it might be time to consider an outside source to help relieve some of the claim filing burden, and get the income cycle spinning into your practice.
Firstly, let’s take a look at some of the common reasons why optometrists switch from in-house to an outsourced revenue cycle management service.
Lack of Claims Understanding
Insurance, as we all know, is a complicated topic, and changes are made time and again. It’s hard to keep up. In a busy optometry facility, it can be challenging to find the time to stay educated on the latest updates from the government and the payers.
If you lose the only biller in your facility and if it takes a few weeks to find a new one, your pending and current claims are going to suffer. Someone in your facility will have to find the time to pick up the slack and file those claims, and there is a good chance that whoever takes this one is going to struggle if it’s not in their forte.
Dozens of new claims come in every day, and denials and rejections flow into your claim cycle as well. Depending on the size of your practice, relying on one person to take on this entire job might be too big of a load to keep up with as you grow.
How an Outsourced Biller can help?
The above claims management issues we listed can be relieved with help from an offshore revenue cycle management service provider. Here’s how:
Deep Knowledge of Claims Process
An outsourced medical billing and coding service that specializes in optometric billing is going to have a team of specialists submitting your claims and working them through the entire revenue cycle to ensure payment. These teams live and breathe claim filing, so staying up to date with all the details is the main part of their job.
Discharges Employee Dependency
Outsourcing your medical billing and claim management perquisites you can put your mind at ease that you don’t have to constantly worry about your biller quitting, going on a long break, or getting a new hire up to speed.
A revenue cycle management service is going to give your optometry practice unlimited capacity for growth, without the worry of how you will keep up with the claim workload at your practice grows.
Reporting and Analytics
When contracted with an outsourced medical billing service provider you get in-depth reporting on all the ins and outs of what’s going on with your income cycle. When you make the decision to trust a service to take over this part of your practice, you will want to be able to see that what they are doing is having positive effects on your optometry practice and monthly reimbursements.
We are a group of medical billing experts who offer comprehensive outsourced billing and coding services to doctors, physicians & hospitals. We provide A to Z 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”