Whether your current medical practice situation is busy, growing, brand new, or undergoing staffing issues, you might be a good candidate for outsourcing medical billing services. While it might seem that outsourcing makes you lose control over your Orthopedic practice billing, it can actually put you more in charge and control if you go with the right provider. MD Pro Solutions has decades of experience working with Ortho billing and coding. Founded by a group of medical practitioners and billing professionals who specialize only in Orthopedics, Otolaryngology, and Plastic Surgery, we understand the unique needs of your medical specialty and have developed proprietary accounts receivables protocols for the best possible results. We work directly with each client to identify their needs and requirements to provide them with the best solutions, which can include education and training for staff or the ability to outsource Ortho billing on your terms.
Outsourcing is Not Forever
Many physicians and practice managers become concerned that outsourcing medical billing services means forever handing over the reigns to the billing department. However, many of our clients choose to outsource Ortho billing on a temporary or time-limited basis. One reason for this could be that they want to give their in-house staff time to catch up with training and education to ensure they are up to date on the latest requirements for Ortho billing and coding. Another reason might be to fill in the gaps while they deal with staffing issues as they adjust to practice growth or other industry issues. We have also had many clients who started with outsourcing on a temporary basis who later decided to make it more long-term after seeing the positive effects of the services that we provide.
We do not require our clients to change their medical billing services when they hire MD Pro Solutions. This is true whether we are providing medical consultation services or being hired for outsourcing services of Orthopedic practice billing and coding. We work with you and your current provider to ensure that you are accurately processing insurance claims according to insurance and industry requirements. Most of our clients have been able to improve the success of their accounts receivables and revenue generation by at least ten percent in just the first year alone. We attribute some of this success to our commitment to only work with Orthopedic, Otolaryngology, and Plastic Surgery practices and clinics, as our specialized solutions are designed specifically for these types of medical specialties.
Benefits of Outsourcing Ortho Billing and Coding
Outsourcing can be the key to simplifying the business side of your medical practice. It helps to save money and is a fixed cost based on your monthly billing rather than employee salaries, benefits, and insurance requirements. Outsourcing can help to improve cash flow and boost revenue by ensuring you get paid everything you deserve for the hard work that you do serving your patients. Many of the clients that we help are overworked and overwhelmed, which means that they are oftentimes behind on Orthopedic practice billing. Our outsourced services will reduce billing errors, ensure better compliance with industry regulations, and help to increase collection goals to reduce stress and provide more predictable payments for claims.
There are other benefits of outsourcing medical billing services that you might not see right away when considering this type of billing approach. Outsourcing helps to reduce Human Resources work, and coverage issues, eliminates the training and retraining of your billing staff, and can even free up much-needed space by not having to keep a dedicated space in your office for the billing department. When you outsource Ortho billing, you also reduce payroll taxes and overhead for things like workers’ compensation insurance, sick days, holidays, and vacations. In addition, outsourcing includes a level of audit oversight due to the separation of duties and improves reporting and benchmarking across the board.
Is Outsourcing Right for You?
Contact MD Pro Solutions to discuss all of the ways that outsourcing medical billing services may help your Orthopedic practice billing department and make your entire office more efficient. Give us a call toll-free at 1-800-853-8110, or use our online CONTACT form to reach out to one of our team members. We can answer any questions you might have about our consulting, outsourcing, education, and support services or provide you with access to a FREE billing review to help identify the areas of your practice that require the most assistance.