WHY OUTSOURCE YOUR BILLING?
Medical billing can be a demanding and challenging task for small medical
practices. There are many advantages to outsourcing medical billing, but bottom
line, it is more cost effective and increases your revenue.
More Focus on Patient Care
Spend more time focusing on what you do best—concentrating on patient satisfaction and providing quality care to your patients. This is specifically advantageous for smaller physician groups that cannot afford a large medical office staff. Physicians cannot be efficient at providing excellent patient care if they are bogged down by the financial side of running a practice.
Reduces Billing Errors
The Codes Medical Billing experts will ensure that your claims are accurately submitted in a timely manner. Our team is thoroughly trained and equipped with the knowledge to properly submit medical claims. This reduces the number of denied and rejected claims due to billing errors and gives us the ability to assist in maximizing reimbursements on future claims.
Saves Money
By outsourcing your medical billing, you could save thousands of dollars in annual salaries and benefits; office supplies and furniture; and purchasing, upgrading, and maintaining billing software and computer equipment. Because we only charge a percentage on the revenue that we collect, it is less costly than what you would pay for a medical billing staff and ensures that we are aggressively working to collect every dollar that you earn.
Improves Cash Flow and Increases Revenue
With the reduction in overhead costs, the timely submission of medical claims and the increased reimbursements, a higher profit is the primary advantage in outsourcing your billing and collections to Codes. What happens when your medical biller is out or goes on vacation? Billing interruptions ultimately affects the timeliness of reimbursements and your cash flow. Using Codes Medical Billing allows a continuous, steady flow of claims going out and cash coming in.
Improves Patient Satisfaction
The medical receptionist should be responsible for greeting patients and answering the telephone. Reducing the burden placed on your front office staff by outsourcing can increase productivity, efficiency and employee morale. It will also increase patient satisfaction by improving patient flow. Your patients will be happy because they will receive uninterrupted courteous and professional assistance for all their billing questions or issues.
Ensures Billing Compliance
Health care is an ever-changing industry. It’s a full-time job keeping up with the changes in Medicare, Medicaid and third party payers and following the proper protocol required by each. The team at Codes Medical Billing work tirelessly to stay up-to-date on the latest changes in regulations and requirements in order to maintain compliance and ensure the submission of clean claims.