Have you ever thought about outsourcing medical billing services to a trusted third-party like MD Pro Solutions? We provide a wide range of options to help improve medical billing for ENT practices to improve coding and processing insurance claims. While some clients may make significant changes through training and education, others quickly realize that they are better off moving their coding and billing out of the office. You might think that outsourcing your medical billing would be giving up control. However, the truth is that when you outsource your medical billing services with MD Pro Solutions, you actually get the opportunity to improve your control over the processes dictated by the medical insurance industry.
Reduce Billing Errors and Rejected Claims
When you outsource your medical coding and billing to a reputable provider, you reduce billing errors that result in rejected or denied claims. This instantly puts more money in your pocket, gets you paid faster, and protects you from potential fraud and other issues. Outsourcing medical billing services ensures better compliance with medical insurance industry requirements and helps your practice to get on the road to streamlining your billing process. In fact, some of our clients will temporarily outsource while their staff undergoes training to get up-to-date on the latest coding and billing requirements.
Save Money and Reduce Overhead Costs
Another way that outsourcing for processing insurance claims can be beneficial to your Otolaryngology practice or clinic is that it can save money and reduce overhead costs. When you have your own in-house medical billing for ENT practices, you operate under a fixed cost. It costs you the same thing every month to pay the salaries, benefits, and insurance for your staff, regardless of how much billing and collections they do. When you work with outsourcing services for the medical insurance industry, you only pay for the claims that have been paid. You can also free up much-needed space at the office by removing the billing department, decrease the number of required computers and workstations, and get your staff to focus on providing patient care instead of worrying about billing.
Outsourcing Increases Revenue
While you do save money with outsourcing medical billing services, you also increase the amount of revenue that is collected. Since the company only gets paid on the bills that they submit and collect on, they are motivated to ensure that payment comes in on time. This will increase the regular flow of income for your practice or clinic, drastically improving the medical billing for ENT practices. Outsourcing helps your collection goals to be more aligned with the standards and motivation of the billing company. You also save by not having to train and retain staff that is skilled in processing insurance claims. Forget about paying for vacations, relief staff, sick time, and covering billing personnel or experiencing billing delays when they are out of the office. The outsourcing company works every day regardless of who is sick, processing your claims on a regular basis.
Improves Patient Satisfaction
The goal of every practice should be to improve patient satisfaction. Outsourcing medical billing services achieves this in two ways. First, it provides you and your staff more time to focus on delivering quality patient care. Second, it ensures that you are processing insurance claims promptly, so the patient’s services are properly taken care of and addressed. When claims submissions linger and take a long time to go through the proper channels, it can sometimes be confusing for patients who might receive a bill that they don’t actually have to pay. Timely processing by outsourcing medical billing for ENT practices helps everyone from the patient all the way through to your accounting department.
Improves Reporting Services
When you work with MD Pro Solutions for processing medical billing claims, you receive daily reporting and communications to ensure customer satisfaction. We also offer a wide range of monthly, quarterly, and annual reports designed to provide specific information about your practice’s account management. Ask about our custom reporting solutions as well to accommodate any special requests for updates on outsourcing medical billing services and paid claims from the medical insurance industry.
Ready to get started? Contact MD Pro Solutions today by calling us toll-free at 1-800-853-8110 and speak with one of our friendly agents about your interest in medical billing for ENT practices. We also specialize in services for Orthopedic and Plastic Surgery practices and clinics. Learn more to see if outsourcing medical billing services is right for you and your business.