Even the best doctors, healthcare professionals and those involved in hospitals and clinics for years have a hard time managing medical bills and insurance claims. Over the years, the billing process has changed considerably. With the ICD 10 norms in practice, more claims are getting rejected by insurance providers than ever. Today, many clinics and hospitals are making the smart move of outsourcing Medical coding and billing tasks. Below are some of the reasons to get a billing service for the job.
Knowing the changes
With changing regulations, the whole process of medical billing has evolved. Every hospital needs a team of members who can understand the whole process and can take things forward with the insurance companies and individual payers. Outsourcing makes sense, because clinics don’t have to hire and monitor their own team of medical coders anymore. Coding personnel from reputed billing services take up the entire work, right from checking the documentation to applying the relevant codes and sending electronic notification to the insurance companies. They also ensure that the insurer pays for what’s due on their part and will also notify the patients about their share of responsibility.
For individual practice, the task of compliance and implementation can be expensive, especially for the smaller clinics and individual doctors who don’t have extensive work load related to insurance. Professional billing services do the job for a much lesser and fixed cost. In case the claim is rejected or unpaid, many physicians and doctors don’t do the required follow ups, mainly because the task is time consuming and lengthy. Medical insurance specialists can deal with all of that. The cost of hiring a medical biller and coder is somewhere around $3000 or more, so by hiring a company that already knows the job, one can save considerable amounts.
Finding a service
When you look for services that deal in medical coding and billing, talk about their experience and the kind of work they have done for other clients. You may want to know their renowned clients and may also want to ask questions about their hiring process. At the end of the day, the job is being done by a set of professionals, and you would want to know their qualifications.
Most outsourced services have their websites, so you can find a lot of relevant details online. Hire the right team, and you don’t have to worry medical coding and billing ever.