Why You Should Outsource Your Medical Billing in Ophthalmology
Running your practice is hard work – but your billing process can be easy.
Managing medical billing can be a full-time job. It’s not always as simple as submitting a claim and getting paid; many ophthalmology practices struggle to handle patient data and ensure billing is done accurately and on time. Streamlining your internal billing processes frees up your in-house resources so that you can focus on providing the best patient care and maximizing your earning potential.
Let’s take a look at the different ways that outsourcing your medical billing can help your ophthalmology practice.
- Lower your Administrative Workload
If your staff is struggling to manage patient records, submit claims in a timely manner, and collect on claims, they will benefit from an outsourced and streamlined process that is computerized and designed by medical billing experts. By freeing up your in-house resources, your staff can provide better patient care and work more efficiently, leading to a lower turnover and higher staff and patient satisfaction. - Stay Up To Date on Billing Codes
The world of billing codes is complex and ever-changing. The number one reason claims get rejected is the use of an incorrect billing code or modifier. A comprehensive medical billing process using an automated computer system is designed to prevent staff from entering incorrect information, lowering your denial rate and improving your collections rate. - Ensure Compliance
Accurate coding and billing benefit your practice and your valued patients by ensuring they receive correct treatment and care in a timely manner. There are constantly changing codes, new insurance requirements, different companies with different deductibles, and various billing submission processes. By meeting the latest requirements, your practice can adapt to changes and meet your client’s needs efficiently. - Manage your Revenue Cycle
Having a dedicated team of medical billing specialists managing your processes means that you get regular updates on your revenue cycle and overall financial health. From staying on top of fee schedules to managing receivables, it pays to have billing professionals who will keep an eye on your weekly, monthly, and annual reporting so you can analyze where and how your business can improve its operations. - Improve Your Cashflow
When your claims are filed quickly and correctly, you reduce the amount of time balances spent in accounts receivable, lower your denials rate, improve your clean claims rate, reduce your processing costs, and ultimately get paid faster, which is what every practice wants. Investing in a medical billing system helps you avoid cash losses and improve your cash flow. - Outsource to the Professionals
Eye Care Billing Consultants is a medical billing company dedicated exclusively to the specialty of Ophthalmology. We utilize the latest billing technology so that our clients can achieve the highest collection rate possible. Our team of billing experts can help your practice reduce office workloads, decrease errors and claim rejections, and, most importantly, increase cash flow. All of this lets your staff provide the highest level of Ophthalmic patient care instead of struggling with medical billing problems.
At ECBC, our clients include some of the best Eye Care Specialists in the US. Contact us to learn how our comprehensive billing software and dedicated account managers can help your practice.
