When it comes to the question of which type of otolaryngology management billing and coding works better for your practice, there is no simple answer. The short answer is that it depends on you and your own unique needs. The long answer is much more complicated and can depend on a wide range of factors. Outsourcing billing ENT services can be the best solution for small practices, busy practices or practices that just don’t have time to stay on top of the latest healthcare industry policies and coding requirements, especially in the area of Medicaid and Medicare reimbursement.
The rest of this article will discuss some of the advantages associated with choosing to outsource ENT billing, as well as an outline of the many services available through MD Pro Solutions. In addition to outsourcing billing ENT services with MD Pro, practices and clinics can also take advantage of our other professional offerings, which include education, training, support, assessments, consultations and much more.
One of the biggest advantages associated with choosing to outsource your billing services is that it saves you time. Studies reveal that nearly 60 percent of physicians in the United States spend the equivalent of one day a week working on paperwork for billing and account management. Other staff members, including nursing staff and receptionists, can often spend even more time on paperwork that could be easily handled by outsourced otolaryngology management billing and coding services. Spend more time with your patients and less time submitting claims and chasing down payments when you outsource ENT billing with an experienced company like MD Pro Solutions.
When you think about how much it costs to create your own in-house billing and collections department, you can save so much money by going with a professional billing service for private insurance, Medicaid and Medicare reimbursement. This is particularly true for start-up practices and clinics, as well as existing practices that need to upgrade equipment and software or send out staff members for training updates. Computers, software, printers, billing support and much more will all add up quickly when you take into consideration everything that is required to do in-house billing. Hiring staff specifically for billing or allocating time each week apart from regular medical duties for staff members to handle otolaryngology management billing and coding just compounds the cost, especially when compared to the cost-effective fees associated with outsourcing billing ENT services.
In the wake of the recent ICD-10 changes for Medicaid and Medicare reimbursement, most healthcare providers understand the importance of being current in training and knowledge of coding and account management. The healthcare industry as a whole has been hit with a lot of changes in recent years and practices or clinics that do not stay on top of those changes will suffer as a result. When you outsource ENT billing services to a qualified service, such as MD Pro Solutions, you gain the benefit of working with billing professionals who are trained and knowledgeable of the latest in healthcare billing practices and procedures.
ENSURE CASH FLOW
Practices that try to do too much in a day or have their staff members spread too thin, will often fall behind on billing. When you outsource your otolaryngology management billing and coding, you make sure that no matter how busy your practice or clinic gets, your billing will still get done in a timely manner. This ensures that your cash flow won’t slow down or come to a stop simply because your practice got busier throughout the year.
Another benefit of deciding to outsource ENT billing is that you have the ability to increase your income through best medical billing practices. You also give your practice room to grow by allowing your in-house staff to focus on patients and account management rather than focusing on billing and collections. This is a great benefit for practices that are in the middle of a growth spurt or that are working to increase their patient load. Sometimes practices just outsource billing services for a specific period of time during the transition phase to ensure that their staff has time to adapt to the new demands.
Call MD Pro Solutions to Outsource ENT Billing
If you are thinking about outsourcing billing ENT services, consider hiring MD Pro Solutions. We also provide professional medical practices in the otolaryngology field with account management, auditing and reviews, fast and accurate credentialing services, reporting and communications, plus education, support, training resources and much more. Pretty much anything you need from billing and coding support to professional consultations, training for proper Medicare reimbursement or new software for the ICD-10 changes, MD Pro Solutions can help.