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.
(prHWY.com) November 24, 2012 - Florida, FL -- Florida, Nov 24, 2012 - 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.
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.
Follow-up alone is a full time position. With a Medical Billing Service there are multiple personnel working for your practice. Often times there is one full time dedicated person following up on all claims that require further action. Instead of paying for two full time employees most Medical Billing Services have follow-up on claims as a standard service of Claim Processing.
Medical Billing Pay - Properly trained office staff will give more of their attention to the patients, which in turn will be appreciated by those patients who are also more likely to recommend the physician to their friends and relatives. Along with increasing the efficiency of the office a Medical Billing Service also eliminates many patient calls regarding their accounts. When a patient has a question regarding a statement, or a bill that they have received either from the office or an insurance carrier, the call is handled by the Medical Billing Service
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.
About the Author:
Transcription Software - National Medical Billing Inc. Services concentrates strictly on providing billing and coding solutions and is the fastest growing company in the industry.
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