Do you own or help operate a medical practice? More specifically, are you in charge of making decisions for a medical practice that operates in the orthotics and prosthetics, or O&P, industry?
If so, you could benefit from hiring one of the almost 2,000 medical billing companies in this country. A medical billing company will be able to benefit your practice in so many different ways.
So, which medical billing services will you be able to get access to you when you start working with an outsourced medical billing company? We’ve created a medical billing guide that’ll break it down for you.
In this guide, you’ll learn about some of the services you’ll get from medical billing consultants. It’ll help show why you should invest in the services offered by a company that can lend a hand throughout the medical billing process.
Check out our guide below.
Administration
A great medical billing company will make the medical billing process easier for you from the start. They’ll handle the administrative work you would normally need to take care of yourself. This includes helping you maintain your patients’ electronic records.
A medical billing company like CBS Medical Billing and Consulting will see to it that your administrative needs are met. One of our consultants can access your existing medical billing and coding system remotely. They’ll make the management of your electronic records more efficient.
Medical Billing and Coding Compliance
Trying to keep up with medical billing and coding compliance can be exhausting. There are always new rules and regulations popping up regarding medical billing and coding. They pertain to Medicare, Medicaid, and private health insurance.
An experienced medical billing company will keep up with the changing landscape. They’ll make sure you’re always in compliance with the latest guidelines.
CBS Medical Billing and Consulting will ensure you don’t have claims denied. They’ll also prevent you from having to face an audit of your medical billing and coding system due to unnecessary errors.
Medical Claims Scrubbing
Medical claims should always go through “scrubbing” before being submitted. This is a proactive process designed to review a claim for both accuracy and compliance. It’ll increase the chances of it being approved.
If you don’t do medical claims scrubbing, a claim could get denied for a preventable reason. For instance, it may get kicked back to you because of something like improper coding or incomplete documentation.
You can greatly reduce the odds of claims coming back to you by having medical claims scrubbing done. We can help you get claims processed faster so that your practice is able to get paid quicker than you would be able to otherwise.
Prompt Claim Submission
The quicker your medical practice is able to submit claims, the quicker you’ll get paid for them. But it can, of course, be difficult to file claims fast when you have a million and one other things going on within your practice.
CBS Medical Billing and Consulting can assist you with prompt claim submission services. We’ll “scrub” claims for you within just 24 hours and get them sent off to the appropriate insurance companies so that you can collect payments ASAP.
We can also help you with balance billing if insurance companies don’t cover the full cost of medical treatments for one reason or another. This will include connecting with secondary insurance companies and patients. It’ll ensure you don’t have to worry about tracking them down on your own.
Medical Claim Follow-Up
It can sometimes take weeks for medical claims to get approved. As a result, you’re going to have quite a few medical claims in limbo at any given moment. These medical claims that are left hanging in the balance can impact your practice’s revenue.
Following up on these medical claims will be of the utmost importance. It’ll give you a better idea as to what might be holding up certain claims and preventing your practice from getting paid for them. But it can be time-consuming trying to keep up with claims.
A medical billing company like CBS Medical Billing and Consulting can extend medical claim follow-up services to you. We’ll check up on your claims every 15 days. We’ll then provide you with status updates so that you don’t need to be concerned about where claims stand.
Medical Billing and Collections Standards
The ultimate goal of any medical billing company will be to improve your medical practice’s bottom line by any means necessary. CBS Medical Billing and Consulting will help do this in many ways through our medical billing and collections standards.
We’ll aim to do it by providing you with a talented team of certified medical coders and billers. They’ll rely on our tried-and-true medical billing process to get your practice paid.
We’ve set the standard within the growing O&P industry with our medical billing and coding practices. We’ll use the best methods to get your practice paid in a timely fashion.
Medical Billing and Coding Performance Management
A medical billing company like CBS Medical Billing and Consulting will run a baseline report to see where your medical billing and coding system stands initially. It’ll enable us to provide medical billing and coding performance management in the coming months.
By doing this, we’ll be able to show you exactly how your system has improved simply by using our services. It’ll also give us the opportunity to pinpoint any deficiencies that may exist within your system.
By addressing these deficiencies and making adjustments to your system, you should be able to:
- Increase your medical practice’s profits
- Bring down your medical billing and coding costs
- Create consistencies with medical billing and coding within your practice
- Make medical billing and coding so much more manageable
You’ll be able to see the big difference that working with a medical billing company can make. You’ll also shine a light on other improvements you can make moving forward.
Medical Practice Management Consulting
A medical billing company won’t know too much about your operation at first. But over time, they’re going to get a better feel for how you do things, and they might be able to show you how to begin doing them more efficiently.
The very best medical billing companies will go above and beyond providing just medical billing services. They’ll also extend medical practice management consulting to your facility.
CBS Medical Billing and Consulting founder and president Erin Cammarata has been actively involved in the medical billing industry for over two decades. She’s also worked closely with a wide range of general and O&P medical practice clients throughout this time. She can use her experience and expertise to fine-tune the ways your medical practice does things.
Temporary Medical Billing Support
There is a chance you might need short-term help with medical billing from time to time. But you may be under the impression that you won’t be able to get it from a regular medical billing company.
A good medical billing company won’t have any problem providing with you temporary medical billing support. Practices often call on us when they need this support due to:
- Another medical billing company quitting and leaving their practice high and dry
- A medical practice administrator leaving before they can track down someone else to replace them
- A medical billing and coding specialist going out on maternity leave
You hopefully won’t find yourself needing temporary medical billing support too often. But it’ll be nice to know you can turn to a medical billing company when the time comes.
Medical Practice Training and Staff Support
The best medical billing companies of the bunch won’t be satisfied with delivering ordinary services. They’ll also go through medical practice training and staff support to keep them right on the cutting edge of medical billing and coding.
The consultants from CBS Medical Billing and Consulting will go through extensive training. It’ll enable them to set you up with the best medical billing services possible.
Hire Us to Be Your Medical Billing Company
An excellent medical billing company can help your practice in lots of ways. CBS Medical Billing and Consulting can assist you with medical billing and coding and more.
We can create a customized package that’ll check all the right boxes for your practice. It won’t take you long to see why so many practices have trusted us to help them with their medical billing needs.
Contact us now to learn more about how hiring our medical billing company will benefit you.
