There are steps you may take to improve the financial health of your ENT clinic or business. While caring for patients is the primary focus of any medical practice, it is also a business. It needs to be run and managed in a profitable way. This surplus will be used to not only pay the practice’s doctors, nurses, and administrators, but also to invest in the business’s long-term growth and expansion.
Billing and coding for medical services are crucial to running a successful medical business. Every patient you see might be costing you money if your billing and coding practices aren’t up to par with the rest of the industry. Improvements may be made with the aid of thorough record-keeping, continual training and support for billing personnel, and education for front-desk employees. However, given the one-of-a-kind nature and varying requirements of each practice, a healthcare consultant is a good place to begin.
Clinical Coding Optimization
When you retain MD Pro Solutions, the first thing we do is conduct a comprehensive review of your current data infrastructure and account management practices. In addition to providing vital services like offsite CPA audits, rapid and accurate credentialing, and outsourced billing, we can also assist you pinpoint areas where you can benefit from further training and support. Our staff has extensive background in the healthcare field and has worked extensively with Otolaryngologists like yourself.
You may get back on track and immediately begin increasing your profitability with our assistance in medical billing and coding, employee training and support, and streamlining the day-to-day operations of your management team. If you need help with medical insurance verification, claim filings, or a review of the most recent ICD-10 coding regulations for your staff, we are here to assist you. You’ll have greater success in life if you can make things go smoothly in the office. Spending more time with people and improving the level of care you can give can boost your business.
Account Management Practices
One of the first places to check when optimizing your medical practice is the billing and coding process, since this is where the majority of your revenue will come from (insurance companies, third-party payers like Medicare and Medicaid, and patient co-payments and deductibles). While many businesses find great value in outsourcing certain tasks, not all of them are good candidates. Based on what you need and how you want it done, we will collaborate to come up with the optimal solution. We won’t recommend a new system until we’ve helped you get the most out of what you already have in terms of software and personnel since we know there’s no such thing.
Our intention is not to persuade you to switch to a different medical billing software package, but rather to assist you and your staff in honing your clinical coding optimization and extensive record-keeping abilities to get the most out of the one you already have. When it comes to ENT medical billing and coding, you and your staff are only as good as the equipment you utilize on a regular basis. You should choose the best software available for your billing needs regardless of whether you want to handle it in-house or hire a professional service. Our consultants and billing professionals have extensive experience working with ENT doctors, giving us the insight to provide you with the resources you require.
The Billing and Coding Process
Even with the training, support, and services offered by MD Pro Solutions, the best way to determine if your practice or clinic is continuing to function at its absolute best is to undertake frequent audits and evaluations. We employ a variety of methods, including yearly chart and surgical chart audits, offsite CPA audits, and more, to guarantee that you get the most out of your money. Whether or whether your billing department is falling behind on processing claims to insurance companies and other third-party payers, or if they are getting a significant number of rejected or denied claims, is information you need to know. You may utilize our services to collect the information you require to monitor staff productivity.
Is it time to launch? If you need assistance with anything from medical billing and coding education and training to quick and accurate credentialing for your doctors, our staff is here to help. To make sure you’re maintaining the most thorough records possible, we provide audits, reviews, and even CPA audits from the outside. Start with a FREE assessment of your current medical billing and account management system by calling 508-946-1665.