According to a Smart Health Claims report, medical billing best practices can increase revenue up to 70 percent if used correctly in medical practices.
The report recommends medical practices:
• Allow visits by appointment only to create a consistent scheduling/billing plan
• Verify insurance to make sure services will be covered
• Capture data and measure performance on all relevant employees
• Collect from patients at the time of service, as the chance of collection decreases by 40 percent when the patient leaves the office
• Use electronic medical records to automate billing office functions and save on employee charges
• Send out clean and accurate claims the first time
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The report recommends medical practices:
• Allow visits by appointment only to create a consistent scheduling/billing plan
• Verify insurance to make sure services will be covered
• Capture data and measure performance on all relevant employees
• Collect from patients at the time of service, as the chance of collection decreases by 40 percent when the patient leaves the office
• Use electronic medical records to automate billing office functions and save on employee charges
• Send out clean and accurate claims the first time
More Articles on Coding & Billing:
Coding Tip: Modifiers for a Portion of the Surgical Package
iPatientCare Upgrades Training & Resources
ICD-10 Will Provide Better Data for Healthcare Analytics