Company Billing- Medical Billing Company Will Significantly Improve The Profit Of The Health Care Facility

With a Medical Billing Service, the staff that is dedicated to your practice goes through each claim before it is submitted to make sure that it is a "clean" claim.

FL, FL (prHWY.com) December 21, 2012 - Florida, Dec 21, 2012 - With a Medical Billing Service, the staff that is dedicated to your practice goes through each claim before it is submitted to make sure that it is a "clean" claim. A "clean" claim is what it sounds like; a claim that has the correct codes associated with the diagnosis codes, complete patient information, and complete insurance information.

This decreases the chance of denial by the insurance company. Medical Billing Services ensure that the highest percentage of "clean" claims possible are being submitted to the insurance carrier. This increases the revenue coming back to the practice as well as decreases the amount of labor needed to follow-up on claims. Medical Billing Services know that the time spent reviewing claims to make sure they meet the insurance carrier standards is well worth the time.

Company Billing - Medical Billing Services know what money is being billed out to the insurance carriers, as well as what is being received from insurance carriers and patient payments. This is turn allows the Medical Billing Service to run the appropriate reports that show the physicians what they want to know, instead of giving reports that show miscellaneous data that does not pertain to the main financial insight of the practice.

A good start to finding out if your practice is suffering from improper NMB management is to find out from your billing service (or in-house billing manager) how they manage NMBs and how they measure success in this area.

Most practice management systems do not properly track NMBs - at least not in the form in which they are typically used (i.e., they may have the capability, but only if properly implemented and used). Those PMs that do track NMBs typically overwhelm the practice with data that is difficult to utilize for high level NMB management.

It is amazing how few medical billers or medical billing companies understand how proper NMB management will dramatically increase the revenue of a practice. They understand the value of working NMBs, but this is not the only secret to good NMB management. Working NMBs is like bailing water from a leaking ship - it can help keep the ship afloat, but ultimately you really need to fix the leak.

Tracking all NMB across all payers is critical. The proper NMB management system provides the data required to stop the root cause of problems and significantly increase the rate of first claim submission acceptance. If your practice is not measuring this level of detail then money, significant money, is being lost in the flood of denied claims pouring into your practice.


About the Author:

Health Service Management - National Medical Billing Inc. Services concentrates strictly on providing billing and coding solutions and is the fastest growing company in the industry.


Contact Details:

National Medical Billing Inc.
Florida, USA

EMAIL: info@nationalmedicalbillinginc.com

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