Running an independent medical practice and billing payers and patients have become complicated because of the new regulations, new medical codes, payer policies, and other measures that can significantly impact healthcare providers’ reimbursements. In case your medical practice is struggling with multiple unclaimed patients, it can negatively affect your cash flows, practice revenues, and revenue cycle. Practice managers can outsource medical billing services offered by some of the top medical billing companies in Dallas in their city to deal with claim issues.
For instance, a healthcare facility in Dallas can partner up with one of the top companies offering medical billing services in Dallas. There are numerous other advantages of outsourcing medical billing services such as financial transparency, compliance, improved customer service, eligibility verification, better focus on patient care, and more.
Advantages of Outsourcing Medical Billing Services in Dallas, TX
One of the main advantages of outsourcing medical billing and coding services in Dallas and other cities is that it saves a lot of precious time for physicians and medical professionals so they can better focus on what they do the best i.e. caring for patients. Even if practice managers hire staff for their billing and other back office work, they will still need to do a lot of work. Hiring, training, and retaining trained and qualified staff requires proper attention and with all this on mind physicians won’t be able to properly focus on their practice.
Moreover, practice managers will also need to keep an eye on the quality of their staff’s work. This includes checking medical coding, billing, data safety, and that the claim submission process is done properly and within the due time. Also, someone who is supervising the billing process will need to ensure that claims don’t start piling up. For small and independent medical practices claims can easily pile up when an employee takes an unplanned leave because small practices can’t afford to hire extra employees for replacement.
Moreover, it is absolutely essential to file claims appropriately in order to prevent them from being denied or rejected and losing potential payments. Practice managers should also study payer rejection trends and denials to understand where the problem lies and fix the common mistakes. One of the most common reasons for claim denials is entering incorrect or incomplete patient information on claims and by outsourcing billing services, healthcare providers can let billing companies do this, while focusing on their practice and patient care. Timely claim submission, ensuring that claims are submitted in a timely fashion and follow-ups are also crucial to avoid denials and top outsourced billing companies will ensure these practices are followed.
Furthermore, top billing companies in Dallas and other US cities will ensure transparency by sending reports to their partner medical practices and many will allow practice managers to log in and generate custom reports. Billing partners will also ensure that patients’ data is kept secure from hackers and also internal leakage. They will also check patients’ insurance eligibility which will in turn decrease claim mistakes and improve collections for your healthcare practice. To ensure you are selecting the right medical billing company in Dallas, here are a few questions to ask the shortlisted companies.
What’s your first-pass success rate?
Will you send appointment reminders?
Do you verify Eligibility?
Will You Ensure Data Safety?
What other services do you provide?
Can you provide references?
Do you provide 24/7 support?
Medical Billing Companies in Dallas, TX
Here are some of the medical billing companies in Dallas so practice managers can choose a suitable one for their medical practice.
Waystar
DrChrono
CureMD
AdvancedMD
MTBC PracticePro
Medical Billers and Coders (MBC)
HSC Medical Billing & Consulting, LLC