Electronic Medical Claims Filing
& Medical Billing Outsourcing BENEFITS
What are the benefits of medical billing outsourcing?
We all know that the Internet has changed our world. Our Practice Management System is automatically upgraded on a daily basis and requires no complex installations. You have access to your client's data 24 hours a day, 7 days a week via the Internet.
Benefit #1: Speeds Up the Payment Process
Next Generation Electronic filing and Medical Billing Outsourcing drastically reduces the amount of time it takes to collect payments from the insurance companies from 60 to 90 days to just 7 to 21 days. This is possible because electronically filed claims are handled by computers instead of human "gate keepers" at the insurance companies . These "gate keepers" are the ones who ultimately determine whether or not one should be paid. However, when claims are handled by computers there are no people to bog down the process.
Benefit #2: Lower Claims Rejection Rates
The rejection rate for claims utilizing our service can plummet from over 30% to under 2%. Obviously, claims that are not rejected move through the system more quickly. In addition, claims that are mysteriously "LOST" by the insurance companies and never paid are eliminated altogether. Claims cannot be lost when using electronic medical claims filing
for Medical Billing because they produce an acceptance report from the carrier that ensures receipt.
Benefit #3: Frees Your Time
This benefit is not always quite so obvious to doctors, but is very significant nevertheless: doctors spend as much as one and a half to two hours a day supervising and working on insurance claims. At the very least, physicians have a high-paid staff person working on filing the claims. Our
medical billing system can give you more time to either see more patients, and therefore make more money, or spend more time doing what you want to do. This also frees up the time of your staff members, allowing them to make more patient calls and run the office more efficiently.
Benefit #4: Immediate Cost Savings
An office can realize an immediate cost savings when outsourcing it's
medical billing to us. A recent survey in the Medical Group Management Journal showed that the average cost of internal billing departments was 11% of the practices' income. Our
medical billing services, on the other hand, charge much less to perform the same service, depending on the volume and complexity of the situation.
Additional Optional Services
We are a FULL SERVICE - NATIONWIDE medical billing solution that offers many services dedicated to improving the cash flow of your practice.
Patient Payment Plan
Medical providers can immediately increase their revenues with a new service
that allows them to deduct monthly payments quickly, automatically and directly
from their patients' checking accounts. Learn
more.
Profit Recovery Service for soft collection of patient
accounts
Payment Automation Network, Inc. offers a profit recovery
service which collects an average of 41% of patient outstanding balances for as
little as 5% collection fee. (Much less expensive than a collection agency). Learn
more.
Patient Well Care Program does the follow up for you
Outsourcing your follow-up process is often the best solution. We help you
implement an efficient program for following up with your patients by sending
them greeting cards and postcards to remind them of appointments and to offer
additional services. You will have hundreds of different cards and postcards to
choose from you can tailor the program to need of your practice. Learn
more.
Back to the main Electronic Claims Filing and Medical Billing page
View the Services Offered for Outsourcing your Electronic Medical Claims Filing and Medical Billing
Electronic Medical Claims Processing and Medical Billing FAQMedical Billing
Outsourcing vs. In-house cost comparison
Take a look at
our EMC Savings Calculator
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Print our PDF brochure for more information |
Make sure to contact us today to speak with a representative regarding our medical billing service.
