If you spearhead a plastic surgery center or operate a private plastic surgery practice, then you know that medical billing is quite a demanding and challenging undertaking. In fact, many plastic surgeons opt to outsource plastic surgery billing services to professional medical billing companies.
When choosing a medical billing company to work with, you need to consider company’s reputation, reliability, and experience. Look for a company that will offer billing services that can be customized to be in line with your particular needs. The top billing solutions and services provided by an experienced plastic surgery billing company include some of the following
Routine Billing & Reconciliation of Accounts
Payment posting and reconciling of accounts is an integral part of plastic surgery billing. The payments have to appear on their respective accounts and most importantly the general ledger account and an outside source such as a bank statement must constantly be validated to help determine the direction your facility or practice is heading financially.
Medical billing companies process and submit every insurance claim using the current rules and regulations as stipulated by the authorities. By use of the latest technology and coding tools as well as software, the companies can seamlessly verify all the insurance claims fast, which is important especially if you have a high turnover of clients. Note that claim processing is essential for plastic surgeons and any delay may bring your services to a grinding halt.
Account Analysis & Denial Management
As a plastic surgeon, the failure to comprehensively work denials from insurers may mean lost revenue. Plastic surgery billing helps identify and resolve the issues that may lead to denial of claims by insurers. It also helps categorize denial by reason, source, and other unique factors as well as come up with effective denial management strategies. Most significantly, seeking the services of medical billing companies helps implement policies that can help patients to appeal and reverse unsubstantiated denials.
Patient Scheduling & Reminders
With a high turnover of patients, it is imperative to have a good schedule that will not necessarily take most of your time. A well-planned routine will help increase efficiency and productivity. Equally, your patient may need to be reminded of their appointments.
In a nutshell, plastic surgery billing services enables your practice to meet all your professional obligations promptly and without failure. It helps you create a good reputation among your clients as well.
Patient Enrollment Systems
A plastic surgeon’s work is to help the patient and not to worry about clerical and administrative duties. Outsourcing medical billing services eliminate such hassles and allow you to shift your attention to the patient. Through the services, you are assured of accurate data entry of the patient’s demographics and charges. In essence, this means that you can present medical bills and claims without any error.
The importance of plastic surgery billing is becoming more apparent as health facilities and individual practitioners seek to improve their service delivery. Of the many benefits, billing helps save money, lessen the likelihood of billing errors, improve cash flow, increase patient satisfaction and revenue as well ensure billing compliance. If you have not been outsourcing medical billing services, it is about time you did so if you’re serious about taking your facility to the next level.Read More