The Top 3 Ways a Physician Medical Billing Service will Streamline Your Practice

Medical billing is one of the most time and cost-intensive areas for any practice or health organization. Statistics show that the average cost of doing in-house medical billing is 40% of all monthly expenditures. These costs are increasing and medical billing practices are becoming more complicated.

A medical billing company can eliminate these costs and streamline your practice. Here are the top three ways we can streamline your practice.

Deliver Better Quality Care

Physician medical billing services in Florida helps you to deliver better quality care. This is taking place by reducing your staff, office space, and equipment that is used to do all of your medical billing.

You can use the extra space to improve your services and give your patients more. For example, the office space that is used by in-house coders can be freed up as an additional examination room. Your staff can focus on helping patients and less time is spent on administrative tasks. This improves the quality of care you are providing.

Faster Reimbursements

Collecting the money from the payer and patient is always challenging. A medical billing company specializes in collections and helps you to get your fees faster. We do our billing within 24 hours and follow up with the payer and patient on the full payments. Our focus and dedication are what help us to get faster reimbursements for you. You don’t have to wait several weeks or months to collect your fees and will get the full amount by working with us.

Improved Profitability

Profitability is one of the challenges impacting every private practice and health organization. All of the fees need to be collected quickly and the expenses of delivering healthcare services must remain reasonable.

The problem is that medical billing is becoming complicated. The coding standards for payers are changing and you must have procedures in place to prevent and check for errors. Otherwise, the odds are high that you will have a significant number of errors and denials. This slows down your collections and it hurts profitability.

A medical billing service is current on all of the latest coding procedures. We have practices in place that checks for errors both manually and using software. This reduces the number of errors and it increases the fees you are collecting.

One of our procedures is to bill within 24 hours and follow up in a few days. Our goal is to collect the full amount of the fees from the payer and patient. This reduces the costs and time constraints it puts on your staff. You will see higher profit margins and can invest these savings into other areas.

Putting It All Together

These are the top three ways physician medical billing services in Florida will streamline your practice or organization. Contact us today and let our team of experts explain how we will create customized solutions that make medical billing easy.

We work with your staff to ensure that everything goes smoothly and you are getting your fees quickly. This reduces your stress and it helps you to focus on practicing medicine. A medical billing company makes sense and is one of the things that can transform your practice for the better.

FAQs

How much can I save by using a medical billing service?

Most healthcare organizations and private practices will see a decrease in costs by 80%. Our physician medical billing services in Florida are the best ways to save you money.

How fast can I receive my fees using a medical billing service?

You get your fees within 30 days for the full amount. We are the best at physician medical billing services in Florida. Our team will collect your fees fast.