There are many billing companies in Australia that promise to make your job easier and help you focus more on your medical practice but in actual fact a couple of them in the end are not well suited for your practice. As a result they end up making your job a lot more difficult than it should be. This post will show you some tips on things you need to know before you employ the services of a billing company.
You may also choose to subscribe to software with features that can manage electronic medical records and send out notifications for deadlines on claims and denials as well as saving encoded data in a situation of interruption in power supply or server glitch. But to use them you may need to employ a professional user or train one of your staff members to become an efficient user but even at that the software cannot pursue claims and denials like billing companies would so the billing company will be the more economical choice in the long run.
Here are a few things you should do or ask about before employing the services of a Medical Billing Company;
ASK ABOUT THE COMPANY
You should find out from their existing customers how satisfied they are from services rendered. You should also ask about the different type of solutions they can offer. Ask a lot about different things including complicated problems in billing issues that may occur so you can have a good idea about how well they can handle such. Importantly, do not forget to ask about pricing, we would go into this further in this post.
ASK ABOUT TRANSPARENCY
When it comes to dealing with a medical billing company transparency is a very important factor. They should be able to submit reports to you on a regular basis and as comprehensive as it can be. This report should include details on recent claims and denials, solutions to denial problems, open charges, adjustments, charges on hold, posted payments and write-offs.
FIND OUT ABOUT ACCREDITATIONS
This is one way of finding out whether or not a billing company is operating legitimately and whether they are qualified to handle your business. Ask about appropriate certifications and membership. Knowing that they operate under state laws means that the records of your patients are in good hands and you are confident you will not be in trouble by employing them.
GO INTO PRICING DETAILS
Knowing the packages on offer will do you no harm hence you should know them all so you can make the perfect selection of what suits you. There are popularly three models on offer by medical billing companies to medical institutions and professionals. They are percentage model, fixed fee model and partly fixed model.
TRAINING YOUR STAFF
A lot of billing companies offer training to your staff members on how to at the very least enter new patient records and make their own reports for verification.
Contact Iatriki Billing for more info on the pricing and methods listed above and for your Medical Billing Services for Specialists in Australia. Our specialists’ medical billings include billings for professionals like surgeons.