Medical billing can be time-consuming, yet, if you’re like many physicians who are in private practice, you have your staff handle patient billing in-house. No doubt you know that billing is also one of the most complicated aspects of running your own medical practice.
However, did you know that handling you patient billing in-house could be hindering your ability to get paid quickly? Despite the skills and experience of your own in-house staff, this could be slowing down the efficiency and profitability of your business.
If you don’t have a big enough staff whose sole focus is on medical billing and coding, this could be the reason that payments are not as expedient as they should be. Perhaps your staff has other responsibilities that take away their time, energy, and focus from their billing work.
If you believe this could be the case, you should consider outsourcing your medical billing to a professional physician billing service. It could have a tremendous impact on the bottom line of your business. ML Medical Billing is a professional billing company whose entire focus is on optimizing your cash flow and profitability in the medical industry.
Let’s take a look at how professional billing service, such as ML Medical Billing, can help you get paid faster so that you and your healthcare staff can focus on what you do best.
Improve the Process
If you take an honest look at your practice, you’ll most likely see that your billing and collections process needs to be improved. If you’re like many of your colleagues, you’ve not taken the time to keep your systems updated with the latest software or hardware, which has slowed down your efficiency.
It’s understandable. You got into medicine to follow your calling – taking care of people’s health. Thus, you devote all your time and energy to keeping up to date with the latest in healthcare practices, techniques, and technology.
By outsourcing your medical billing, not only can you continue to focus on what made you become a doctor in the first place, you can also improve the process because a professional staff already has an effective, profitable process in place.
Your Practice Is Our FocusJust as you have training and expertise in your field, so, too, does a physician billing service such as ML Medical Billing. You get the benefit of a professional service staffed by specialists who know your practice; we are industry leaders with more than three decades of professional medical coding and billing who have refined the process that keeps your business profitable.
We take the time to work with you so that we know how best to optimize our experience and knowledge to increase the profitability of your practice. This helps you not only get paid more consistently but also more quickly.
We know that getting reimbursed is likely one of the most challenging parts of your business. But we can meet this challenge and overcome it in the following ways:
- Setting realistic goals
- Implementing best practices that get you paid – faster
- Gathering patient information quickly at scheduling
- Correctly coding patient visits
- Accurately tracking claims
- Capturing charges
Our Knowledge and Experience Increase Speed of Payments
Because medical billing and coding is our focus, we are up to speed on the constantly changing billing regulations. If you have your own in-house billing staff, they may not have the time or focus to keep as up to date on this as they should be.
Regulations constantly change or are revised; in fact, new guidelines are revealed regularly, and it’s a full-time job to keep up with them. However, it’s necessary to keep up, as not doing so almost certainly has a negative impact on your profitability.
A professional physician billing service like ML Medical Billing has the resources and know-how to keep up with these constant changes. This ensures that you get reimbursed in the timely manner you deserve.
Eliminate Inaccuracies with State-of-the-Art Methodology
Billing inaccuracies can be a crushing blow to your practice, especially if they happen frequently. Add slow turnarounds on claims and late payments, and you’re staring at a potential nightmare.
With cutting-edge technology and specialists on top of the constant changes, you get paid faster and claims are collected more quickly. Once we know your business, we’re able to implement systems designed to make the billing and revenue cycles more efficient, more timely, and more profitable.
The Simple Things Make All the Difference
Simple things such as obtaining and updating patient information, submitting claims, following up on claims, and perhaps even making the process more automated can get you paid more quickly and more accurately.
This will help put your mind at ease and allow you to put your patients where they belong – first.
Outsource Your Medical Billing and Get Paid Faster
ML Medical Billing knows that patient care is your number one priority. We also know that if you aren’t getting paid, you’re not going to be able to provide such care very easily. Our experience and specialized medical billing practices help speed up your income and improve your profitability. Contact ML Medical Billing online or give us a call to learn more.