5 Benefits of Outsourcing Your Medical Billing

Reliable medical billing processes are essential for maintaining healthy revenue for your medical practice. However, not all medical practices have the time, knowledge, or resources to effectively implement in-house billing processes.

It’s understandable that some practices struggle with their in-house medical billing. The process is time-consuming, and often tedious, while small errors can result in big issues with patients and their insurance claims.

Instead of relying on an in-house team, many medical practices prefer to outsource medical billing to a third-party provider. Outsourcing medical billing is a popular choice throughout the country, as medical practices often see many benefits from this investment.

Let’s look at 5 benefits of outsourcing your medical billing:

1. Prioritize Patient Care
Smaller practices with limited resources often use medical staff to complete medical billing tasks. Unfortunately, this results in less time being spent with their patients!

So, by outsourcing medical billing processes, you allow medical staff to focus on providing the best care for patients. Spending more time on each patient increases their satisfaction with the service while also improving the practice’s reputation for patient care.

Patients also don’t need to worry about issues with their medical billing, further improving their satisfaction with the service.

2. Lower Costs to Save Money
Yes, paying for a medical billing provider could help your medical practice save money.

By outsourcing, you don’t need to pay to hire and train medical billing staff. You also don’t need to buy office equipment or billing software, with outsourcing often being a much more affordable alternative to an in-house team.

Moreover, improved billing processes means that revenue generally increases when outsourcing to a third-party provider. Claims are processed much quicker and with fewer errors, meaning faster payments from insurance providers.

3. Fewer Billing Errors
Medical billing providers are experts in their field, filing claims with virtually no errors. Even the smallest error or missing document can result in a claim being denied, meaning less money for your practice and a huge inconvenience for patients.

So, by outsourcing to a dedicated billing company, you ensure all claims are filed correctly and on time. This results in faster turnaround for claims, increasing cash flow and your bottom line.

Patients are also more satisfied with your service as they won’t need to worry about resolving issues caused by billing mistakes.

4. Guarantees Billing Compliance
Medical billing regulations are constantly evolving, so by outsourcing to a dedicated provider, you ensure your practice remains compliant. Billing providers keep up to date on all necessary regulations, so you won’t need to worry about any changes that could affect your billing processes.

Staying on top of billing regulation takes time and resources that could be better used elsewhere in your practice. When outsourcing, you ensure full compliance without losing any valuable resources.

5. Secure Patient Data
Medical billing providers go above and beyond to keep patient data safe and secure. Most utilize cloud-based software with state-of-the-art encryption to avoid any data being stolen, giving patients a complete peace of mind.

California Medical Billing is a Professional Medical Billing, Practice Management and Consulting Company. We are dedicated to providing outstanding services to all our physicians. Our medical billing services fit any specialty of health care such as General Practice, Internal Medicine, Psychology, Psychiatry and Specialty Practices.

By using the latest technology available, we are able to provide clients with fast efficient service while maximizing their reimbursement.

We provide service for Family Medicine, Internal Medicine, and Pediatric Medicine practices throughout California. Contact us for a free consultation today!

5 Reasons Why Your Medical Billing Provider Should Be Based in the USA

It is important for healthcare providers to offer fast and efficient medical billing to maintain healthy revenues and patient satisfaction.

Of course, many medical practices don’t have the resources to provide high-quality medical billing directly from their practice.

Outsourcing medical billing to specialist providers is a great way to maintain reliable billing processes without taking away valuable resources from your in-house team.

There are many options for medical billing providers, including both international and domestic services. While there is a temptation to use international medical billing providers due to their perceived lower costs, using a US-based provider is always a better option.

Let’s look at 5 reasons why your medical billing provider should be based in the USA:

1. Fewer Billing Errors
US-based medical billing providers are guaranteed to reduce the number of billing errors, meaning fewer denied claims.

Domestic companies are far more familiar with billing processes here in the USA, keeping up to date on the ongoing changes to billing rules and regulations.

Consider choosing a medical billing company based in the USA with a proven track record. There are countless companies providing first-class services to thousands of medical practices around the nation.

Doing so frees up resources in your practice while greatly reducing any headache-inducing billing errors.

2. Better Customer Service
Any time you have issues with your medical billing provider, it helps to have a reliable and knowledgeable customer service to help navigate these issues.

US-based medical billing companies understand the common issues medical practices face, providing fast and efficient resolutions. You can call customer support during office hours and expect a quick response, while you don’t need to worry about navigating customer service issues with non-English speakers.

When choosing a US-based medical billing provider, you’re likely to have a much better experience with their customer service.

3. Lower Operating Costs
Despite US-based medical billing providers charging for their services, outsourcing to a domestic company is likely to reduce operating costs in your practice. Because the billing provider has its own team of fully trained staff, you won’t need to invest in hiring and training staff yourself.

Furthermore, you won’t need to constantly purchase new software or buy office supplies for staff.

Plus, US-based billing providers have expert staff that are efficient at their job.

Billing is quicker and more efficient, increasing cashflow and revenue while lowering your overheads. In most cases, practices make more money by simply outsourcing to a reliable domestic billing company.

4. Increased Patient Satisfaction
Because US-based billing providers free up time and resources for your in-house team, expect patients to be more satisfied with your services.

Plus, as previously mentioned, providers greatly reduce common billing errors, meaning fewer denied claims for patients.
By reducing any issues with insurance claims, you further improve your patient satisfaction, which is always the goal for any medical practice!

5. Secure Data
US-based billing companies follow strict compliances for patient data, ensuring your patient information maintains the highest levels of security. By choosing a domestic medical billing partner, you give your practice and patients the peace of the mind that their data remains in the safest hands!

California Medical Billing is a Professional Medical Billing, Practice Management and Consulting Company. We are dedicated to providing outstanding services to all our physicians. Our medical billing services fit any specialty of health care such as General Practice, Internal Medicine, Psychology, Psychiatry and Specialty Practices.

By using the latest technology available, we are able to provide clients with fast efficient service while maximizing their reimbursement.

We provide service for Family Medicine, Internal Medicine, and Pediatric Medicine practices throughout California. Contact us for a free consultation today!

Grow Your Medical Practice with These 4 Strategies

Opening a medical practice is a dream for doctors around the country. However, the reality of the situation is often more challenging than most expect.

While patient care is always the priority, physicians also need to consider their business strategies to ensure the long-term growth of their practice.

Thankfully, there are various proven strategies that can help your private practice to flourish and grow over the years. Let’s look at 4 strategies to help grow your medical practice:

1. Hire the Best Staff
Even the most skilled and experienced doctors can be limited by poor staffing choices. Every medical practice requires a strong and diverse team to provide the best care service possible for your patients.

Staff are a vital asset for any medical practice, so make sure to spend the time and resources finding the best candidates possible. If you’re struggling with certain aspects of the practice, such as administrative tasks or billing, consider hiring new staff to help alleviate these problems.

Beyond the necessary qualifications, look for staff with great people skills, time management, and problem solving capabilities. You want a friendly and approachable team that make your patients feel satisfied with the service!

2. Invest in Staff Training
Staff training is a great investment that improves various aspects of your practice. It’s also a good option if you’re struggling to find staff with necessary skills or training, allowing you to improve their skillsets to meet the needs of your practice. For example, you could provide phone training to improve how front desk staff interact with patients calling the practice. It’s also a useful skill for dealing with frustrated patients, allowing staff to deal with issues calmly and respectfully.

Training staff to obtain all necessary information about your practice and processes is also worthwhile. They can provide valuable information to inquiring patients, potentially increasing the number of new patients that visit the practice.

3. Outsource Medical Billing
Medical billing is an essential component of any practice, yet the process takes valuable time and resources. Instead of relying on an in-house team for medical billing, consider outsourcing to a third-party provider.

While it may seem an unnecessary expense, outsourcing medical billing can help to increase revenue. For example, medical billing providers free up time for staff to focus on patient care, resulting in higher patient satisfaction for your practice.

Furthermore, third-party medical billing providers greatly reduce problems with medical billing, meaning fewer denied claims. Medical billing is processed quicker and more efficiently, increase your cashflow and revenue over the long-term.

So, outsourcing medical billing is an investment that pays for itself!

4. Understand Your Local Market
Be mindful of the demographics of the community where your practice is located and expand or diversify your services to accommodate the local market.

For example, if you’re noticing a high volume of elderly patients, you could offer services that address the requirements of this demographic, such as free screenings or house calls.

Conversely, if your practice is seeing a high number of pregnant patients, you could offer additional OBGYN services.

California Medical Billing is a Professional Medical Billing, Practice Management and Consulting Company. We are dedicated to providing outstanding services to all our physicians. Our medical billing services fit any specialty of health care such as General Practice, Internal Medicine, Psychology, Psychiatry and Specialty Practices.

By using the latest technology available, we are able to provide clients with fast efficient service while maximizing their reimbursement.

We provide service for Family Medicine, Internal Medicine, and Pediatric Medicine practices throughout California. Contact us for a free consultation today!

5 Biggest Challenges with Medical Billing

Medical billing is essential for the financial wellbeing of any medical practice. Use the wrong billing processes and you’re guaranteed to have issues with insurance claims, resulting in revenue problems and displeased patients.

However, there are various challenges with medical billing, any of which could lead to major problems for your practice. Let’s look at 5 of the biggest challenges with medical billing and how you can best avoid them!

1. Incorrect Patient Information
One of the biggest challenges with medical billing is incorrect data. For instance, even the slightest error, such as a misspelling or incorrect date of a birth, can cause an insurance company to deny a claim.

So, it’s vital that all patient info is double-checked to ensure it’s accurate and avoid any issues with insurance companies.

Of course, human error is always likely, even when taking extra precautions to check patient info when billing. One of the best ways to minimize the risk of these errors is to invest in a reliable medical billing software.

2. Missing Documents and Patient Info
Missing information is another challenge with medical billing.

It’s easy to accidentally leave a field blank or forget to attach necessary documents, causing insurance providers to deny the claim. These issues are especially prevalent if staff aren’t properly trained with the medical billing software.

Using the right billing software is a simple way to avoid issues with missing documents and patient information.

For example, consider choosing software that makes it easy to attach documents or outsource to a billing company that better understands the software, reducing the likelihood of missing info.

3. Inaccurate Coding
Medical billing coding is a complex and time-consuming process that many practices struggle with. Physicians are incredibly busy during office hours, so it’s understandable that providers often struggle to include accurate coding for medical billing.

Again, certain medical billing solutions can eliminate these challenges, such as outsourcing billing to a third party or using software with automated coding processes.

User-friendly software features, such as a list of up to date relevant codes, can also streamline the coding process to save time and reduce errors.

4. Duplicate Bills
Duplicate billing is a surprisingly common issue in medical billing. Miscommunications may cause two members of staff to bill the same patient twice, potentially resulting in their bill doubling in price.

Of course, patients are understandably annoyed when this occurs, so it’s an issue that practices must try to avoid. One method of avoiding duplicate billing is to use software with an automated billing feature.

Automated billing alerts you to any duplicate bills for the same patient, allowing for a quick and easy resolution.

5. Collecting Payment
Collecting balance payments from patients is often challenging, especially when using outdated medical billing processes. In many instances, it’s left to staff to chase up balance payments via phone calls, taking away valuable time and resources that could be spent elsewhere.

So, by offering updated payment options, such as multiple payment systems and online billing, you can make balance collection quick and easy.

California Medical Billing is a Professional Medical Billing, Practice Management and Consulting Company. We are dedicated to providing outstanding services to all our physicians. Our medical billing services fit any specialty of health care such as General Practice, Internal Medicine, Psychology, Psychiatry and Specialty Practices.

By using the latest technology available, we are able to provide clients with fast efficient service while maximizing their reimbursement.

We provide service for Family Medicine, Internal Medicine, and Pediatric Medicine practices throughout California. Contact us for a free consultation today!