Top Missed Revenue Opportunities by Medical Billing Services

Whether you are currently outsourcing medical billing services or do your own billing in-house, you could have missed revenue opportunities costing you thousands of dollars per provider each year, and you might not even know it. MD Pro Solutions offers each new client a free billing review. While this might not sound like a big deal, it surely is. Medical practices should review their billing operation every two to three years. However, one survey revealed that most overlook this essential service and only obtain a comprehensive review every five years on average. An external review of your billing and collections is considered by many industry experts to be a necessity, acting as an insurance policy for the future success of your practice.

Why Reviews are Essential

We are proud of the successes that we have been able to provide to our client partners over the years. In carrying out billing reviews, we have been able to identify lost revenue and opportunities in approximately 95 percent of the cases. This can be extremely frustrating for physicians and medical practice managers, especially when you consider all of the work that must be done, from the initial scheduling of the patient to providing care, submitting claims, and following up on collections. If the coding is not done properly or the bill is not submitted correctly, the amount received could be reduced, or the claim denied entirely. The truth is that many practices really are losing hundreds or thousands of dollars each year per provider, and they don’t even realize it.

Working with a medical consultation service to enhance and improve your medical billing and administrative tasks can significantly boost the services you are able to provide your patients while increasing billing revenue. MD Pro Solutions offers a wide range of services to meet the needs of all our clients, including offside CPA audits, fast and accurate credentialing, education and training, online support, and outsourcing medical billing services. Say goodbye to missed opportunities and rejected insurance claims when you work with our team and get a complete review of your entire billing solution to ensure that you are taking advantage of all the benefits associated with your current billing service.

No-Pressure Services and Support

Our team will not pressure you to switch your current billing service software, and we won’t require outsourcing medical billing services in order to take advantage of our support. Missed revenue opportunities can be common in busy practices where staff often wears multiple hats or shares responsibilities. We can assist you in getting control over your administrative tasks, including billing and coding, by offering a wide range of services designed specifically for your needs. We will suggest the latest financial tools and discuss ways that you can improve your medical billing software experience through better training, education, and support from the front desk all the way to the administrative management staff.

Some of the most common ways that medical practices experience lost revenue and missed opportunities include the way that the office operates. We will work with you to review all forms, medical systems, and billing programs currently in use. Our team can assist you in increasing receipts through charge captures, coding help, and no-show rates for patients. We can even implement measures to ensure fraud prevention, such as the use of offside CPA audits and reviews. Fast and accurate credentialing will ensure that each member of your staff is authorized to work with your preferred providers, and a complete analysis and update of all medical billing codes will make sure that no one is using bad codes on claims submissions.

Professional and Efficient Practice Management

Today’s healthcare economics requires Otolaryngology, Orthopedic, and Plastic Surgery practices and clinics to run more efficiently than ever. MD Pro Solutions offers complete billing management services to both small and large operations. If you would like to learn more about outsourcing medical billing services or wish to hear about our successes in identifying missed revenue opportunities for other clients, give us a call toll-free at 1-800-853-8110. We can answer any questions you might have about our comprehensive services or start by providing you with a free billing review to get things started.