subject: Medical Billing and Collection Services for Physicians [print this page] Medical Billing and Collection Services for Physicians
With the help of consistent medical billing and collection services, physicians can submit their medical bills and reimbursements claims accurately and on time, eliminate the odds of claim rejections and denials and thereby optimize their revenue. Besides, these services allow physicians to focus on their core treatment activities, and to do away with the hassles of tedious paper work within the practice.
Unique Billing Solutions for Physicians
Medical billing companies employ experienced professionals who make use of advanced technology and medical billing software to provide timely and accurate medical billing and collection services for physicians. Some firms have experts who can also execute medical billing utilizing the client's software. Processed medical bills and claims are checked by quality analysts to ensure precision of the documents. The major medical billing and collection services offered to physicians include:
Enrollment into the billing system: demographic information, insurance information
Billing and reconciling of accounts: charge entry, payment posting, reconciliation
Accounts receivable collections: AR follow up and collection, insurance collection, patient collection
Saving on Overheads
Using organized medical billing and collections services, physicians can save the time, expense and effort that would be needed to do the job on their own. Other benefits associated with medical billing and collection services are:
Increased productivity and cash flow
HIPAA compliance
Higher security and confidentiality for data
Regular QA checking
Status reports on daily, weekly or monthly basis
Monthly data backup facility
Quick turnaround time
24/7 customer support
Partner in Progress
Medical billing and collection services are utilized by hospitals, home healthcare agencies, group practices, nursing centers, rehabilitation clinics and so on. An efficient medical billing company is a partner in the progress of the physician's practice. It provides a reliable support by offering the highest levels of customized services, timely reports on all aspects of billings and collections, advice on how the practice can improve its revenue and a strong network to ensure that there are no interruptions to cash flow.
