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Internal Billing Issues?.......
Staffing...Staffing... and More Staffing....
Unmotivated employees go from job to job looking for new opportunities; and so you
get resignation after resignation. You may interview candidate after candidate and
settle for someone who says that they can do the job, but half-way show up for work.
Within a few months to a year this person is moving on to the next job, leaving
you without someone to manage your Practice. If this is true for your business it
is because the Medical field has the largest opportunity for growth versus several
other professional industries.
Many job candidates are either under or over qualified for the positions they fill
and so just can't find their niche. Likewise these candidates are under qualified
for the type of tasks associated with complex medical billing issues. Many
people know the concept of claim submission-but lack advanced collection techniques;
which assures steady cash flow in a Practice.
Many medical billing students enroll into a training program that lasts all but
four to six months; with very little hands on training in complex medical billing
and collection practices.
Outsourcing is often times the least expensive and non-problematic way to go.
Outsourcing with 1 Claim Source is the ultimate solution!
Listed Below are some of the facts that statistics have
published nationally.
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Are you aware of the fact that your practice could be
spending 50% more on overhead than it needs to?
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Are you
aware that statistically, you could be losing 30% or more in profitable revenue
through non-billed services or rejections?
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Did you
know that if your practice treats twenty (20) or more patients a day then you would
need to hire at least three experienced Medical Billers (Bachelor’s Degree level)
to
handle that load?
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Did you know that rejections are overturned and paid
out more quickly if your billing
staff appealed the denial within 30 days or less?
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Are you aware that about 40% of your services may be omitted when your claims are
submitted to the insurance; through human error, inexperience, or insufficient quantity
billing?
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Did you know that at least 20% of your patient’s bills could possibly be turned
over to collections erroneously; due to lack of understanding of the insurance denial,
or remittance vouchers?
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Are you aware that approximately half of your electronic claims (when billed internally)
could fall through the cracks for being non-compliant to the current EDI format?
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