Medical billing is an integral part of private practice. What is the reason behind this? There are many
reasons for it. But wait! Is it essential? There are many reasons for it: It is a matter of survival in the
revenue cycle management.
Most patients do not pay the amount right at the time of medical treatment. However, in some cases,
individuals may pay the co-payment at the time of arrival, and the insurance companies pay after the co-
insurance.
Solo practitioners have strong bonding with revenue cycle management, making possible the timely
submissions of claims and revenue from the insurance carrier to manage their expenses. However, in
most cases, private practices have to wait for months to get reimbursement.
Why is it so hard for private physicians to manage the medical billing task for timely reimbursement?
Private physicians have to submit the bill as quickly as possible if they want to generate more revenue.
Revenue is the backbone if they want to maintain the flow of work. Medical billing is also vital if the
doctors want to get paid as early as possible.
However, proper treatment and services coding is vital to minimize claim rejection.
Suppose the medical biller had a healthy revenue cycle management process. Submitting clean claims
should be your first priority if you want on-time payments. So why not hire someone good at it, as many
doctors do? However, today’s medical billing practices.
Five medical billing tips for private practice
Every year medical billing faces lots of regulatory changes, and every year; there are many
advancements in the codes. So here are a few tips that can help you to get maximum reimbursement in
your medical billing practice.
Keep yourself updated about the latest trends
In sole 2017, errors in the coding caused more loss in revenue. In addition, according to the research,
doctors were under $29 million in debt against doctors and healthcare providers.
“The 2017 professional annual report highlighted that PSR got more funds than its treasury
appropriation,” Said Loryn Einstein.
Double-check for the coding errors
Errors in the coding are the first and foremost reason for the claim denial. When coders in medical billing
leave room for coding errors, the claims are not reimbursed. One has to fix the coding errors and
resubmit but is it a good health service? Well, denial and reimbursement take more time when claims
are resubmitted.
Set up an online website
If you have not bought a domain to show your online presence, your practice may be at stake.
In today’s modem world, more business is developing their presence online. If you have not built your
reputation online, you are falling behind. If you are not selling your services online, more patients will be
unable to get your contact number to know about your services.
Besides, you can make a beautiful website; there are many other things to do. Number one, you can
submit your practice to online directories. Then, set up your portal on the patient portal. And create
brand awareness on social media. Then, whenever the user types relevant queries to your services, he
will find your brand.
Have custom service hours
Offering hours of service is another way to increase patient visits. You will be able to find many clients
compared to your nearby physician if you are like more other doctors who want to maintain a work-life
balance and want to work only from 9 to 5. The chances are more that you will have less number of
clients. But if you are liable to extend your working hours, you will get more clients.
Offer After hours virtual visits
Enabling after-hour visits is another way to increase your revenue. Indeed, you can’t see more patients
compared to the number of patients. Similar to those who are the same services from 9 to 5. Of course,
if you are offering the most. With this service, you can catch more patients looking for assistance at that
time.
Work for the betterment of your staff
Your employees are the backbone of your valuable company. It is famous that the happier your
employees are, the more comfortable the patients you will have. So always motivate your employees to
give them a project and appreciate them. You see the notable differences there.
Outsource your medical billing services to experienced medical billing staff
Experienced and knowledgeable medical billers can ensure that your claims are submitted correctly and
on time. The primary goal of the billing firm is to provide medical billing services. Therefore, they are
responsible for guaranteeing that the billers they hire acquire considerable training and knowledge to
file medical claims accurately. This will lower the number of claims refused or rejected due to billing
issues and provide information to help maximize future claim reimbursements.
