Many physicians deal with medical issues across Florida. The good news is most medical billing services in Florida are just as effective as they claim to be.
Moreover, if you are struggling with handling the new ICD-10 code changes, a medical billing company can certainly be your savior.
Why is that?
ICD-10 is a substantial upgrade from the previous ICD-9 billing code system. This new version changes most of the billing codes that were earlier used for different conditions. The new ICD-10 billing codes are more elaborate and more effective in billing patients for different medical conditions.
The new codes have paired several conditions while covering the ones covered under the same code earlier with different codes.
How Does That Concern You
As a medical practice, you will have little time to manage regular coding changes and updates by yourself. You can’t ignore them either, since they are what earn you your bread and butter.
An in-house medical biller can help manage medical billing, but they can’t keep up with all billing and coding changes on their own. Moreover, they would depend on you for training and wouldn’t be an inexpensive option by any means.
A medical billing agency deploys their experts to do the job so that you can keep your focus on your practice. They also do it while staying within your budget.
While billing experts from these agencies are handling your billing tasks, you will be in control of everything. So, it will be you who will decide how you want to get the work done. Would you want them to manage every stage of billing claims and submission, or would you want to hire them for certain selective tasks? The agency will keep you posted about every development on the go.
Another benefit of working with a reputed billing agency is that you can avail their expertise to understand how to get the claims cleared faster and more accurately. You can gain from their expertise of working with many other medical practices and understand how they cope with different challenges all the time.
Services a Billing Company Can Provide
- Claims Submissions: These submissions are made to the insurance company for clearing the invoices for medical services you delivered to your patients.
- Auditing of Rejected Claims: This helps understand the reason behind why your claims were rejected before and what could be done to prevent them in the future.
- Manage Denied Claims: When the claims are denied, your billing company will work out the possible reason for the delay. They will then resubmit the claim after making the required changes and try to get the same cleared quickly.
- Payment Posting: This determines the payment status of every patient quickly so that you know the scope of their insurance coverage while you attend to them.
- Follow-Ups: Manage all the paperwork and ensure that everything is documented accurately for your review.
Concluding
The very decision to outsource medical billing is more difficult than it sounds. After all, how can you trust a medical billing agency in Florida to manage your billing while you are still in control?
But why must you hire these firms when you can easily get the work done in-house?
If you have tried medical billing in-house, you will already know that there are many challenges related to billing tasks you have to deal with day in and out. What hurts is that looking after these billing tasks starts eating up your time that you could otherwise invest with your patients.
A medical billing service will always be more effective and less expensive. They will also have experts who know the ins and outs of medical billing. That is something you can always take advantage of.
Call your nearest medical billing agency in Florida and ask for a free quote to hire them for your practice today.
