As a medical professional, you need to understand the specifics of medical billing that can affect patient care and your practice’s bottom line. To help you navigate the minefield of compliance requirements and financial pitfalls, here’s what other medical billing companies won’t tell you: coding errors can cost your facility thousands in lost revenue.
Most medical billing companies also will not tell you upfront about additional costs or hidden fees that can be associated with their services. At PracticeForces, we work with you to ensure that our services as one of the top medical billing companies are transparent, accurate, and cost-effective, so you can be sure that your practice is running at maximum efficiency.
Whether you are new to the game or have been working with medical billing companies for years, here are some potential issues in the medical billing industry that you should be aware of.
Unnecessary Upsells of Medical Billing Companies
It’s important to understand exactly what your medical practice needs before signing a contract with any medical billing company so that you don’t get stuck paying for services or upgrades that aren’t necessary or beneficial to your facility.
One of the most common issues that medical billing companies won’t tell you upfront is unnecessary upsells. Many medical billing companies will offer services such as practice management software, appointment scheduling, and electronic medical records integration — all of which can be beneficial if they are used correctly. However, if you already have these systems in place, it may not be necessary to upgrade or pay for new ones.
At PracticeForces, we don’t try to sell electronic medical record (EMR) software and medical billing together as our competitors do. Instead, we work with the infrastructure and people you already have to help you bring in more revenue for your medical practice. However, we also provide EMR updates should you ever need them.
Confusion About Compliance Practices
Medical billing companies are required to remain compliant with medical coding regulations. It is highly imperative for a medical billing company to understand how to submit claims accurately and navigate appeals processes. Otherwise, medical providers can quickly lose money or even go into debt from inaccurate medical billing practices.
At PracticeForces, we employ medical billing specialists that have a deep understanding of medical coding regulations and work hard to maintain compliance. We understand the importance of staying up to date with medical coding requirements, so you can rest assured that your claims will be processed correctly and in a timely manner. Whether it’s understanding ICD codes or following current procedural terminology (CPT) guidelines, our team is here to provide accurate medical coding services for your facility’s needs.
Find the Right Medical Billing Partner
Navigating the medical billing process can be tricky and time-consuming. However, with the right medical billing company by your side, it doesn’t have to be. At PracticeForces, we provide accurate medical coding and compliant medical billing services for your facility’s needs. With our transparent pricing structure and customer service support, you can rest assured that you’re getting the best medical billing services available. Contact us today to find out more about how we can help your medical practice grow.
