How can medical practices work effectively with payers to receive payment? Business News Daily sought answers from healthcare experts.
Here are six tips:
1. Fill out claims, well. Make sure to pinpoint which payer should receive which claim.
2. Submit claims everyday. Follow up on every outstanding claim until it's paid in full.
3. Pull in the patient for rejection and denials. Include the policyholder on calls with the payer, as they can be more convincing.
4. Establish a standardized billing process. Create a step-by-step billing and collections process, and don't stray from it.
5. Employ a billing company. Find a billing company that is committed to healing patients and delivering funds.
6. Understand the contract. Don't shy away from enforcing the contract's terms with payers.