Do you think you have total control over your medical billing process?
You’ve heard this story before: medical billing is a complex process. While most of it is routine, there are times when a physician loses revenue or a patient’s file gets lost because of this complicated system. Other times a claim goes through the same procedure more than once, and this leads to an even longer process and calming down irate stakeholders. This leads to large amounts of claim denials, irate clients, and fast employee burnout and turnover rate.
It’s tiring, we know.
But now it’s time to take charge. To avoid as many problems as possible, follow these tips to take control of your medical billing process.
Work With And Train Qualified Medical Coders
To be successful, you have to train for success. From checking in with your patients to posting payments, it is important to have a well-trained, highly competent team of medical coders who are adept at revenue cycle management. They need to have a good eye for detail, can correct errors in medical documents, and keep up with patient details.
PRO TIP: Develop training activities with up-to-date methods of medical coding, claims processing, and medical transcription so that your team is always ahead of the game.
Follow up ASAP
Time is always of the essence for revenue cycle management systems. Billing departments constantly have to make calls or send emails to the necessary people who need to pay up, and failure to follow up on payments will delay other steps, or even result in a claim denial.
PRO TIP: While there’s no way out of this, it is important to create a clear communication and reviewing strategy throughout the medical billing process.
Consistently Update Files
It’s extremely important to have correct and updated information in your medical claim forms. Insurance companies can and will deny certain claims that contain numerous errors, to the dismay of patients. Correcting information can take a long time to do, and in between the patient may give up on the claim, or the healthcare provider may have to wait for months before receiving their payment.
PRO TIP: Be sure that the information the patient gives is correct at the first instance. Double-check once the form is complete, and update it every few months to avoid any problems arising.
This all may too much to handle if you’re short on manpower and resources. But there’s another way to do all of that without maximizing your budget: Outsource.
Outsourcing is one strategic solution to help you take control of your medical billing process. You can save up while your outsourcing partner hires and trains healthcare professionals for you. They will work on following up with payments, updating medical claims, and working with patients to correct their information.
Infinit-O especially is an ideal healthcare outsourcing partner who can help you to build and operate a dedicated team of well-trained healthcare professionals, especially for you and your unique needs. When it comes to healthcare, Infinit-O can meet your goals, whether they be growth, better productivity or simply bottom-line cost savings. With our access to highly-skilled healthcare experts who use cutting-edge technology, we provide some of the best strategic solutions for your business. We are ISO-certified and HIPAA- and GDPR-compliant, so your medical data is safe with us.
When you’re ready to grow, think Infinit-O!
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