Outsourcing Medical Billing Services

1. Outsourcing Medical BillingServices Health Care

2. What is Outsourcing Medical Billing Services • Outsourcing the medical billing service means a healthcare provider hires a medical billing service provider outside their practice to do all the billing works, often giving a fair percentage cut of the total revenue generated. Health Care

3. Benefits of Outsourcing Billing Services To Medical Billing Claims -- Customized billing reports-- Timely preparation of patient statements-- Regular updates on payer fee schedules.-- Payment posting-- Data entry of all charges-- Submission of paper and electronic claims-- Tracking and following-up on denied claims Health Care

4. Things To Avoid in Medical Billing • -- Entering incorrect information for the provider • (name, address, contact information, etc.) • -- Entering incorrect information for the patient • (name, sex, date of birth, insurance ID information, etc.) • -- Entering incorrect information for the insurance provider (policy numbers, address, contact information, etc.) • -- Inputting the wrong codes or confusing such as CPT • codes, point of service codes, or ICD-9-CM codes • -- Entering too few or too many digits for ICD-9-CM codes Health Care

5. Common Billing Errors Include The Following • -- Not having access to EOBs on denied claims • -- Not verifying a patient’s insurance coverage • -- Duplicate billing • -- Up-coding • -- Under-coding • -- Sloppy documentation Health Care

6. How to Catch and Correct Errors -- Coordinate with everyone at the provider’s office -- Double-check patient and insurance information before filing a claim -- Study billing and coding trends -- Follow up on claims Health Care

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8. Contact Us Healthcare :+1 800-940-4943 healthcare@bikham.com Health Care www.bikham.com