Physician Practices in Healthcare:
BillingParadise, a company which truly believes and supports the above line of thought has been aiding the single physician practices meet their fiscal goals in these turbulent times for the healthcare industry, where cost reduction and revenue cycle optimizationare the two phrases which keeps echoing at all time.
The recession of the past year has left in its wake unique situations in terms of management of fiscal obligations While the usually recession-proof medical community found its secure status breached this time around, the Patient Protection and Affordable Care Act of 2010 promises new avenues of growth for the healthcare industry in terms of massive inflow of newly insured patients;
But it is quite possible that the severely understaffed single physician practices, which still represent a major portion
of American Healthcare, would find their high-volume low-dollar bills more often than not languishing in the corridors of denied or underpaid claims.
Hospital Account and Physician Practice:
With the outsourced medical billing services companies tending to focus on the larger hospital accounts, single physician practices need to find a service provider who understood the intricacies of physician-based revenue cycle management.
Also even if a single-physician practice is able to land a medical billing service who specialize in both hospital and physician billing, it is likely that the staff, who will be more inclined towards hospital billing systems, will not take up patient eligibility/verification procedures with as much vigor; which would surely result in a huge number
Our Billing System:
Also the staffer will be more well-versed with DRGs and their associated connotations rather than the more humble CPTs of the physician-based billing system.
Also, it has been found that if hospital-based billing systems are used
for physician-based practices, they generally tend to mask procedural errors, which thus goes unnoticed until it is too late. Physician-based billing requires a dedicated system like Kareo which has been built specifically keeping in mind small practices.
Dail 1-(888)-571-9069 to know more regard with the benefits of billing company.