7 Factors You Need To Consider Before Choosing A Medical Billing Company

1. 7 Factors You Need To Consider Before Choosing A Medical Billing Company https://www.247medicalbillingservices.com | +1 888-502-0537

2. 7 Factors You Need To Consider Before Choosing A Medical Billing Company Medical billing can be a huge task, considering the constant changes in rules and the complications in submitting a claim. Also, after the huge hit due to the COVID-19 pandemic, the healthcare industry had to go through several updates and changes. Outsourcing is an excellent option to reduce staff costs, avoid claim denials, and ensure smooth processing. It allows healthcare professionals to focus on taking care of patients full-time. Just like outsourcing is important, it is extremely crucial to choose a suitable medical billing company to hand over the process. Below are the 7 most important things you need to consider while choosing your medical billing partner. https://www.247medicalbillingservices.com | +1 888-502-0537

3. 7 Factors You Need To Consider Before Choosing A Medical Billing Company Expertise & Experience With so many companies in the market, it’s difficult to choose one. Check their speciality and account size. For example, some companies may be equipped to handle smaller practices with lower budgets, few insurance carriers, and few physicians; and vice versa. You may then decide as per your need. Also, find a company that specifically has experience in your speciality so that there are fewer chances of rejected claims due to incorrect billing. With the expertise of the company, also enquire about who your contact will be and his/her expertise too. Compliance Check if the staff is proficient in ICD-10, HCPCS, CPT codes and if the company is ISO-certified and HIPAA (Health Insurance Portability and Accountability Act) compliant. Ask about their rate of rejected claims and how they handle their rejected claims. They should have a process for resubmission to ensure there is no loss of revenue. https://www.247medicalbillingservices.com | +1 888-502-0537

4. 7 Factors You Need To Consider Before Choosing A Medical Billing Company Analytics & Reporting You need to ask questions about how they deliver and how the work is divided between their staff. Some may allocate one biller who can provide undivided attention, but some may allocate different billers where you can get more done in less time. It’s important to see how they will be reporting everything to you and their metrics to measure the success or denial rates. Understand if the company benchmarks its performance with MGMA or something similar. Client Reviews Like how we check before purchasing any product or service, it’s crucial to check what their previous clients have said about them. Software and Tools Medical billing companies need to be updated with the latest software and systems, so you need to know all this beforehand. https://www.247medicalbillingservices.com | +1 888-502-0537

5. 7 Factors You Need To Consider Before Choosing A Medical Billing Company Data Transmission & Security Look for a company that is committed to providing the best security possible for your Protected Health Information (PHI). They should have a secure and strong connection with no access to vital personal information. Pricing It all naturally boils down to the cost. Get a clear understanding of which services are included and which are excluded in the pricing. Discuss the carve-outs related to your services transparently with the company. Some companies may charge extra for certain billing and coding services which can later get expensive. Hence, it’s important to know them all. Some companies may charge by a percentage on your revenue, some may charge a flat fee, or some may charge a little of both. Comparison among different companies can help you decide what works best for you. https://www.247medicalbillingservices.com | +1 888-502-0537

6. 7 Factors You Need To Consider Before Choosing A Medical Billing Company Conclusion: • Make an informed decision after considering all the above points. 24/7 Medical Billing Servicescan be an appropriate choice for all your requirements. We are 100% HIPPA-compliant and use the latest high-tech software. All our 500+ highly experienced staff offer round-the-clock availability (in the whole week), claim submissions within 24 – 48 hours, and a standard of 99% clean claims. Even if we serve over 42 specialties, we guarantee customized and innovative solutions for each of our partners. https://www.247medicalbillingservices.com | +1 888-502-0537

7. 7 Factors You Need To Consider Before Choosing A Medical Billing Company • About 24/7 Medical Billing Services: • 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%.  • Media Contact: • Hari Sudan,  • 24/7 Medical Billing Services, • 16192 Coastal Hwy, Lewes, DE – 19958 • Tel: + 1 -888-502-0537 • Email - info@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537