Archive for the Week of January 19, 2007
Archive for the Week of January 19, 2007
Welcome to the medical billing blog archive for the week of January 19, 2007.
Here you will find links to every article added to the Outsource Management Group web site during the week of January 19, 2007.
You can browse this week's archives by clicking the "More" button from any of the excerpts below.
Hiring a Medical Billing Consultant?
It’s hard to let go of what you might deem the financial control of your practice. Hiring a medical billing consultant can seem like you’re adding expenses instead of cutting them down, especially if you have never outsourced your billing. If you’ve always discounted outsourcing your medical billing claims because you feel as though you would be relinquishing control over your billing, read on – you’ll find that is not the case. Actually outsourcing your medical billing and coding needs through a consultant is one of the smartest business moves you can make. Don’t think you have to use a local company, many medical billing firms have branch offices in …
The Basics of Outsourcing Your Medical Billing?
If you’re wondering how your medical billing gets to the outsourcing company, the answer is carefully and securely. The patients are seen as usual in your office, your staff creates the records for billing just as they always did. If you are still using paper files your claims will need to be scanned and hand entered into the medical billing system, if you transmit electronically your staff will need to only access the program and transmit the chosen claims to be processed by the medical billing company. The data will be transmitted to the medical billing company who will code and double check your medical billing claims to insure they …
How Private Is Outsourcing Your Medical Billing?
Confidentiality is a big concern in every corner of the medical community. Now that you’ve done your homework, you know outsourcing your medical billing is good for your practice and good for your staff. You know Electronic Claims Filing is the best way to file your medical billing claims, but you have concerns about exactly how private sending your medical billing out of your office to a third party might be. Privacy and security have become major issues for those in the medical profession and for the companies that handle your medical billing and coding. Rest assured, your claims are handled in complete confidence and your patient’s privacy is secured …
Can DME/HME Be a Profitable Venture For Your Practice?
Even two years ago the answer to that question might have been “no”. However, in 2007 it might well worth looking into for your practice. Previously, the cost of the products versus having to track claims, find reimbursements, and keep up with claims status; made DME a very labor intensive venture. With the advent of specialized DME/HME software, secure internet connections, and standardized billing procedures; DME can now be a very profitable venture. In your practice, you will want to be sure that the product(s) you are dispensing are profitable. You need to watch the pricing of the product costs, in some instances, your product costs may be more than …
