If your ENT practice or clinic is not as profitable as you would like, there are things you can do to change it. While the goal of medicine is to provide quality patient care, a medical office is still a business. It must be managed and operated in such a way that it makes a profit. This profit is not just to pay the physicians, medical staff, and administrative personnel, but also to grow and expand the practice so even more patients can be served in the future.
Medical billing and coding play an essential part in creating a profitable medical practice. If your coding and claims submissions are not up to industry standards, you could be losing money with every patient you see. Comprehensive record-keeping, ongoing training, and support for billing staff, and education for front desk employees can help to make marked improvements. However, because each practice is unique and has different needs, your best bet is to start by hiring a healthcare consultant.
What Does a Healthcare Consultant Do?
When you hire MD Pro Solutions, the first thing we will do is provide you with an initial evaluation of your existing system and account management situation. We can help you to identify areas where you might need additional training and support, offer essential services such as offside CPA audits, fast and accurate credentialing, or outsourced billing services. Our team has many years of experience working within the healthcare industry, in particular with Otolaryngology specialists like you.
When it comes to medical billing and coding, staff training and support, and streamlining the day-to-day operations of your management team, we can help you get back on track and start boosting your profits right away. Whether you require assistance with medical insurance verification, claims submissions, or if your team needs a refresher on the latest ICD-10 coding requirements, we can help. If you can get your office working more effectively and efficiently, everything else will fall into place. You can spend more time with patients and increase the quality of care that you can provide, and your business will be more successful in every way.
Consider Your Medical Billing and Coding System
Since profits come from billing insurance companies, third-party payers like Medicare and Medicaid, and through co-pay and deductible payments from patients, your medical billing and coding system is one of the first places to look when making improvements. While outsourcing these services can be extremely beneficial to many clients, it is not for every situation. We will work with you to find the best solution based on your unique needs and requirements. We understand that there is no such thing as a one-size-fits-all solution when it comes to medical billing systems, and we will help you to maximize the potential of your existing software and staff before suggesting anything else.
Our goal is not to talk you into changing your existing medical billing software program, but to help you and your team to focus on clinical coding optimization and comprehensive record-keeping skills so you can maximize the abilities of your current system. You and your team are only as effective as the tools and resources that you use to perform your daily tasks with regard to ENT medical billing and coding. Whether you decide to keep your billing services in-house or outsource to a professional service, you will want to make sure that you are using the best possible software program available. Because our consultants and billing experts work solely with Ear Nose and Throat specialists, we have the knowledge and experience necessary to deliver the tools and services you need to succeed.
Ongoing Analysis and Consultation
The best way to know if your practice or clinic is continuing to perform at its very best, even with the training, support, and services available through MD Pro Solutions, is to undergo regular audits and reviews. Offside CPA audits, as well as annual chart and surgical chart audits, are just some of the tools that we use to ensure that everything is working as it should to help you maximize the return on your investment. You need to know if your billing department is receiving a high number of rejected or denied claims, or if they are behind on processing claims to insurance companies and other third-party payers. Our services can be used to provide you with the data you need to stay on top of employee performance.
Ready to get started? Our team can help you every step of the way, from education and training for medical billing and coding, to fast and accurate credentialing to ensure that your physicians are properly approved to work with insurance companies. We also offer auditing and reviews, including offside CPA audits, as well as support and training to ensure optimal comprehensive record-keeping. Give us a call at 508-946-1665 to start with a FREE initial evaluation of your current medical billing and account management system.