Medical Billing & Coding Services for South Dakota Providers
Medical Billing in South Dakota for Providers & Practices
Our medical billing & coding services are provided to practicing providers and groups in South Dakota by utilizing the latest in information transfer technology!
The medical billing company you choose to handle your medical billing and management functions should be experts at what they do, and more importantly, experts at increasing provider revenue… not just a company that is close to your practice in South Dakota, but someone who genuinely cares about you, your revenue and your practice.
With successful and satisfied clients all over the United States… the medical billing company that most successful South Dakota Providers choose is Outsource Management Group, LLC.
Medical Billing in South Dakota for Medicare Providers
Medicare is a health insurance program designed for the 65 and older citizens. The program is funded by the government. This program offers a huge help to individuals who would not otherwise, have access to this kind of coverage. It certainly does make healthcare much more accessible and affordable especially for low income families.
While there are plenty of benefits to this plan, there are also some questions and hesitations surrounding it. The most apparent is the budget cuts that significantly reduce the payment to providers. Experts believe that this can work against the main objective of the health insurance program.
In an effort to cover some of the losses as a result of making healthcare coverage more affordable, provider payments are sacrificed at a certain rate which can create a snowball effect. Worst case scenario, individuals under the Medicare program may find it affordable but quite difficult to get access to providers.
As it is, South Dakota already faces a critical issue in the healthcare industry. According to reports, there are only thirteen physicians in about a thousand insurance program beneficiaries. That makes the state fall way below the average in the national level. Moreover, 25 percent of individuals are residing in areas with serious shortage of primary care.
Furthermore, almost half of the practicing providers in South Dakota are more than 50 years of age. That means they are seriously considering cutting their practice and patient care significantly. With the steep cuts in the payments rates of providers, the situation may turn for the worse and not for the better as the insurance program is initially hoping to achieve.
But the budget cut is not the only problem that providers have to address. The constant changes in coding and billing as well as the reimbursement guidelines and rules cause a lot of stress and headaches. As a matter of fact, the troublesome situation is one of the most apparent reasons why a lot of them decide to withdraw from the insurance program.
There are countless providers who report huge losses in revenues simply because their clinics are inefficient and find it difficult to keep up with the great and rather confusing demand of the claims process. This only means an in house billing may not be adequate. The situation calls for further help, one that medical coding and billing professionals can do doubt provide.
What our billing and coding specialists can do on behalf of providers, our coders can handle a string of tasks which most South Dakota providers find difficulty in keeping up with.
These duties and responsibilities include the following:
- Handling coding and billing requirements
- Submitting and following up on claims
- Taking care of denial management
- Managing account receivables
- Scheduling
- Record keeping
- Filing updates and reports
This way, providers can get all the help they need to alleviate the situation. It can even make a huge difference that can convince them to keep doing business with Medicare.
Partner with the leading medical billing firm & increase your revenue now!
By utilizing our medical billing for South Dakota physicians you are taking the first step to increasing your revenue. As your business partner, we become a seamless part of the daily function and overall financial health of your practice. We take great pride in continually verifying that our South Dakota providers are being reimbursed for everything they deserve. Contact us today if you’re working long, hard hours and tired of needing more revenue. We will become your partner and guide you to a better bottom line!
