A medical practice is a business. If it is not run as a business, it will not be successful. Success isn’t just about making money, but having the means to provide the necessary services to patients. If your medical practice fails, you will no longer be able to serve your patients and deliver the quality healthcare and treatments that they need. Otolaryngology billing and coding is an integral part of running a successful medical practice. Healthcare consulting services can be employed to ensure that your in-house billing team is up-to-date on all of the latest medical billing system and coding requirements. Professional medical billing is the cornerstone of your practice. If it is not performed correctly and consistently, you will lose money and run the risk of going out of business.
Quality Billing Increases Revenue
Professional training and support services for your billing department ensure that medical billing and coding are being performed accurately and in a timely manner. If you have billing employees who are out-of-date with their knowledge of industry requirements, you could be losing money or putting yourself at risk for denied and rejected claims. Employees who work with Otolaryngology billing and coding should be organized, detail-oriented, and stay current on all required skills. Underpaid claims, delays in reimbursements, and claims submitted chock full of errors can seriously hurt the ongoing success of any practice.
Studies show that nearly 25 percent of income lost by medical practices in the United States is due to billing and coding errors. How much is your practice losing each year? For the healthcare industry as a whole, that translates to hundreds of millions of dollars every year that get lost, as a result of improper professional medical billing. The money that comes from medical insurance payers is critical to the survival of any medical practice, so if your team is not maximizing the benefits of your medical billing system to provide you with the greatest advantage, you are leaving money on the table.
The first thing you need to do is determine the current state of your billing and coding department. MD Pro Solutions offers healthcare consulting services that are designed to provide our clients with the insight they need to make smart decisions about training and support. Otolaryngology billing and coding is a very specialized field, which is why we only work with Ear, Nose and Throat physicians, clinics, and hospitals. Our complete focus is on the Otolaryngology field so we can provide our clients with the very best services available to help them succeed. Our team has over 45 years of experience working in the medical industry to ensure top quality professional medical billing services, training, and support.
We begin our service by providing a comprehensive evaluation of your existing billing practices, medical billing system, and claims statistics. We do not pressure our clients into changing their billing system, but rather work with them to ensure that they are getting the most out of their existing program. We have developed a series of solutions that are designed specifically for ENT practices, and we work directly with our clients to help them boost revenue and improve their medical billing services through education, tools, and support. We work with your team to ensure that they are accurately processing insurance claims according to the insurance company and industry requirements. Most of our clients have been able to improve their success and boost revenue by at least 10 percent in the first year.
What to Expect
The goal is to ensure that your billing employees are properly trained and knowledgeable of all the latest industry regulations, billing protocols, and coding requirements that apply to Otolaryngology billing and coding. You can avoid the pitfalls associated with discovering that your employees are behind on their training and abilities by working with professional healthcare consulting services for ongoing support. Our mission is to make sure that your team can provide you with rapid claim submission, submissions without errors, fewer rejected claims, faster claims reimbursement, and increased cash flow. When your professional medical billing department runs as it should, you will spend less time and energy worrying about the business end of your practice so you can focus on patient care.
For a FREE estimate of any of the healthcare consulting services, training, and support that we provide at MD Pro Solutions, give us a call at 508-946-1665. We can answer any questions that you might have about our Otolaryngology billing and coding training opportunities, medical billing system support, account management, credentialing services, and any of the other services that we offer at MD Pro Solutions. Call today for a FREE initial evaluation!