Drug Rehabs: It May Be Time To Outsource Your Medical Billing
Every business owner wants more time. There is not enough time in a day to do all that you need to do. In fact, medical billing is usually a time consuming headache for most drug and alcohol rehabilitation centers. Outsourcing your billing to a company that handles this type of coding may be a good option for your business. If you are looking to save both time and money, then this may be a good option for you.
For starters, ask someone what you need to do in order to get your business to the next level. Ask a coding company how much money they charge to do the work. Often it is a 4% to a 10% service fee. No matter what happens, you need to take your business to the next level. A certified medical billing company can often get you a higher return on your investment. They work for you. An in house medical biller may not have the necessary skills for your business to succeed.
If you own a drug and alcohol treatment center, you are busy. It is clear that you have little time to worry about the bills. Many insurance companies today are auditing treatment centers for various reasons. They often want to know why you are sending them requests for payment. Did the client really need to stay at your facility for 45 days? Why didn't they leave after 30? Why did they require 2 blood tests a week instead of 1? These are questions that insurance companies want to know. Under ICD-10, insurance companies have gotten smarter. They are less likely to write you a check without a good explanation of why they should be paying you in the first place.
Taking everything one step at a time is the best option for you. It is important to interview a medical billing company. Ask them what their average return is for treatment centers that they have worked with in the past. You might find that using their services actually gets you more money in the end. It is never easy to get money back from insurance companies. Today, it takes an experienced coder to do this properly. In house coders can often do this. However, they are not easy to find and often are expensive. You may find that you need to pay a biller over $70,000 a year. Experienced billers that know what they are doing are hard to find. It is a lot like trying to find an experienced Java developer in computer science. You get what you pay for.
Outsourcing your billing works for many treatment centers these days. The main reason is that these coding companies have been training for ICD-10 for over 2 years. You're in house staff may not be trained or equipped to handle these longer codes and therefore it will keep you from getting paid. You may have to wait longer than 90 days to see a check from an insurance company today if you don't know what you are doing. Having a staff around you that knows what they are doing makes complete sense.
For starters, ask someone what you need to do in order to get your business to the next level. Ask a coding company how much money they charge to do the work. Often it is a 4% to a 10% service fee. No matter what happens, you need to take your business to the next level. A certified medical billing company can often get you a higher return on your investment. They work for you. An in house medical biller may not have the necessary skills for your business to succeed.
If you own a drug and alcohol treatment center, you are busy. It is clear that you have little time to worry about the bills. Many insurance companies today are auditing treatment centers for various reasons. They often want to know why you are sending them requests for payment. Did the client really need to stay at your facility for 45 days? Why didn't they leave after 30? Why did they require 2 blood tests a week instead of 1? These are questions that insurance companies want to know. Under ICD-10, insurance companies have gotten smarter. They are less likely to write you a check without a good explanation of why they should be paying you in the first place.
Taking everything one step at a time is the best option for you. It is important to interview a medical billing company. Ask them what their average return is for treatment centers that they have worked with in the past. You might find that using their services actually gets you more money in the end. It is never easy to get money back from insurance companies. Today, it takes an experienced coder to do this properly. In house coders can often do this. However, they are not easy to find and often are expensive. You may find that you need to pay a biller over $70,000 a year. Experienced billers that know what they are doing are hard to find. It is a lot like trying to find an experienced Java developer in computer science. You get what you pay for.
Outsourcing your billing works for many treatment centers these days. The main reason is that these coding companies have been training for ICD-10 for over 2 years. You're in house staff may not be trained or equipped to handle these longer codes and therefore it will keep you from getting paid. You may have to wait longer than 90 days to see a check from an insurance company today if you don't know what you are doing. Having a staff around you that knows what they are doing makes complete sense.
About the Author:
Our business gives a unique medical billing service that helps treatment centers to collect more money each month. Our medical billing business has clients in the field of rehabs, hospitals and doctors office. When you outsource your work to us, we get you a higher return and faster payments. The services that we offer are for all 50 states and you can find us in new york.
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