ENT Billing and Coding: Tips for Opening a Brand New Practice
There’s no better way to start off a brand new medical practice than to make sure that all of your ENT billing and coding policies and procedures are in order. Account management is an important part of running a successful practice. However, when you are just starting out, it may be more financial smart to outsource your billing and management services to a trusted source like MD Pro Solutions. You want to make sure that you have fast and accurate credentialing to prevent fraudulent or inaccurate claims from being filed under your name.
With all of the changes that have occurred within the medical industry over the past year or so, it is important to hire staff or contract billing and management services that are properly trained, certified and experienced in ENT billing and coding. Preparations must also be made for the switch that is coming in October 2015 from ICD-9 to ICD-10. Whichever way you decide to run your new otolaryngology practice, it pays to do a little research and make sure that you have the best account management possible.
Tip #1 – Make a Plan
You won’t be able to meet your goals if you don’t have a plan. It is important to make sure that you know what you want to do and how you want to accomplish it. Write it out or use a program on your computer to create a plan. Consider writing a mission statement for yourself so you’ll know what it is that you want to live up to as your practice grows and expands.
Tip #2 – Create a Budget
Think about how much you are going to have to spend up front to open your new practice. Leasing the office space, purchasing computers, buying equipment and hiring staff – these things all take money. Don’t forget to factor in the costs associated with account management for all of your ENT billing and coding. If it isn’t done properly, you won’t get paid; if you don’t get paid, you won’t be in business very long.
Tip #3 – Consider Hiring a Consultant
Many brand new practices launch under the guidance and support of an experienced consultant. MD Pro Solutions has a variety of services available that can help you get started on the right foot. From billing and management services to training and education, fast and accurate credentialing to help you get paid and support services for your staff.
Tip #4 – Choose the Right Location
Make sure to select office space that will bring your target patient group to you. If possible, be convenient to other medical practices, pharmacies, hospitals and clinics to make it easy for new patients to find you.
Tip #5 – Do Your Homework
Take time to research the area to ensure that you aren’t setting up shop in a community that is already overrun by otolaryngologists. You also don’t want to be in competition with a beloved doctor that cares for multiple generations of local patients.
Tip #6 – Build Relationships
It helps to have a good relationship with the local hospital. Most specialists get new patients on a referral basis. Even if you don’t have a formal relationship due to a medical group or related organization, it helps to work positively with other area doctors.
Contact MD Pro Solutions – We Can Help
Our organization was founded by a group of otolaryngology medical practitioners and practice administrators. Due to our insight within the ENT field, we are able to understand your needs and develop solutions for billing and management services that will help you open a successful new practice. We recognize that the only way to stay on top of all the changes that have happened to ENT billing and coding, as well as overall medical account management, is to be properly trained and to stay up-to-date with education. We can help you and your staff be ready to take on all of the new changes in the medical field without being stressed out or worried about your billing services department.
Whether you are just starting out, branching out on your own or reorganizing an existing practice, our team of highly trained and skilled consultants can help you make the right decisions for the benefit of your practice. We provide training and support for a wide variety of billing and management services to improve your abilities, assist your staff in improving their skills with fast and accurate credentialing, and we can even help you with outsourcing your ENT billing and coding. Give us a call today at 508-946-1665 to find out more about our services or to schedule a consultation.