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.
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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 of denials.
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.
We have specialized teams of medical billers and coders who hold speciality specific certifications to handle your billing and coding tasks
Hire one/combination of services/all, we at BillingParadise will meet your needs 100%
Find resources to help you run a more successful practice
Insurer specific denial report. Track denial patterns easily. Simple, engaging and data rich template
Know monthly work RVUs. Monitor productivity ratio. Track visits per workday
Insurer specific collection breakdowns. Know payment TAT of every insurer
Track appointment counts. Customization and integration options. Reduce your no show percentage
Know your average reimbursement TAT. Access insurer wise payment details. Gain actionable insights
Net Collections by DOS and several other financial KPIs no smart practice can do without!
5 Important denial management metrics that your tool should track. Figure out preventable denials
Areas where group practices can minimize cost. How to manage your financial challenges
Incorrect physical status modifiers. Inefficient coding process. Dwindling collections
Inability to keep pace with regulatory changes. Unstructured billing workflow processes
Inefficient insurance eligibility verification process. Kareo EHR + PracticeFusion Integration Issues
Improper documentation caused 16% of denials. Erroneous codes led to 70% of denials
Sharp increase in clearinghouse rejection rate. Difficulties in billing for secondary claims
Inexperienced staff handling the billing department. Most claims went unpaid
With Billingparadise's collaboration, female patient's tranforming acuity about Obstetrics and Gynecology practice.
No periodic follow-up on denied claims. Haywire appointment schedules. Frequent patient billing errors
Every medical billing firm they'd approached over the last few months had scared them off with exorbitant rates.
A Medicare podiatry practice based in Houston, Texas was in need of a billing company that was well-versed in podiatry coding.
An urgent care centre based in Florida found it an everyday struggle to remain financially stable. Learn how...
A podiatry practice based in Houston, Texas was in need of a billing company that was well-versed in podiatry coding.
Anesthesiology revenue cycle and contract management is incredibly complex. See how..
Revamping the AR Process of Texas Healthcare System..
The Practice Profitability KPI template is a must-download template that will give you a clear picture of your practice’s key performance indicators.
As patient payment responsibilities rise, tracking Time of Service collections is now more important than ever.
Protect your healthcare organization from RAC audits. This free template provides state-specific contact details of RAC contractors. Download.
Evaluation and Management Tool designed by BillingParadise helps providers come up with the code that best represents the leve...
The Incident to self-service tool designed by BillingParadise helps providers understand the CMS Part-B incident...
OLD AR Calculator | Calculate your huge aging AR backlog and collect more...
Payer group A/R assessment tool serves the purpose of analyzing the impact of most common payers across healthcare organizations.
Advancing Care Information Objectives and Measures and 2017 Advancing Care Information Transition Objectives and Measures are available to add and download now..
Review and select up to six measures which best fits your practice. You can add the measures which best fit your practice.
This performance category deals with care focused on care coordination, beneficiary engagement and patient safety.
Compare your total Part-B Medicare revenue per year with the payment adjustments starting 2019.
Sample Practice Sale Executive Summary and 2018 Sales Compensation Trends Survey Executive Summary
Revenuecycle Workflow Transparency and Efficiency Management...
CRC certified experts Holly Cassano and Kim Dues discuss all things risk adjustment....
Industry experts Kim Dues and Holly Cassano share useful information and shed the much needed light on MACRA and MIPs...
CRC certified experts Holly Cassano and Kim Dues discuss all things risk adjustment. In this webinar they discuss....
Orthopedic surgeons are underpaid. This free webinar on contract negotiation strategies to improve reimbursement for ortho surgeons will help....
Know How BillingParadise increased 60% revenue for an OB/GYN Center
Find resources to help you run a more successful practice
Insurer specific denial report. Track denial patterns easily. Simple, engaging and data rich template
Know monthly work RVUs. Monitor productivity ratio. Track visits per workday
Insurer specific collection breakdowns. Know payment TAT of every insurer
Track appointment counts. Customization and integration options. Reduce your no show percentage
Know your average reimbursement TAT. Access insurer wise payment details. Gain actionable insights
Net Collections by DOS and several other financial KPIs no smart practice can do without!
5 Important denial management metrics that your tool should track. Figure out preventable denials
Areas where group practices can minimize cost. How to manage your financial challenges
Incorrect physical status modifiers. Inefficient coding process. Dwindling collections
Inability to keep pace with regulatory changes. Unstructured billing workflow processes
Inefficient insurance eligibility verification process. Kareo EHR + PracticeFusion Integration Issues
Improper documentation caused 16% of denials. Erroneous codes led to 70% of denials
Sharp increase in clearinghouse rejection rate. Difficulties in billing for secondary claims
Inexperienced staff handling the billing department. Most claims went unpaid
With Billingparadise's collaboration, female patient's tranforming acuity about Obstetrics and Gynecology practice.
No periodic follow-up on denied claims. Haywire appointment schedules. Frequent patient billing errors
Every medical billing firm they'd approached over the last few months had scared them off with exorbitant rates.
A Medicare podiatry practice based in Houston, Texas was in need of a billing company that was well-versed in podiatry coding.
An urgent care centre based in Florida found it an everyday struggle to remain financially stable. Learn how...
A podiatry practice based in Houston, Texas was in need of a billing company that was well-versed in podiatry coding.
Anesthesiology revenue cycle and contract management is incredibly complex. See how..
Revamping the AR Process of Texas Healthcare System..
The Practice Profitability KPI template is a must-download template that will give you a clear picture of your practice’s key performance indicators.
As patient payment responsibilities rise, tracking Time of Service collections is now more important than ever.
Protect your healthcare organization from RAC audits. This free template provides state-specific contact details of RAC contractors. Download.
Evaluation and Management Tool designed by BillingParadise helps providers come up with the code that best represents the leve...
The Incident to self-service tool designed by BillingParadise helps providers understand the CMS Part-B incident...
OLD AR Calculator | Calculate your huge aging AR backlog and collect more...
Payer group A/R assessment tool serves the purpose of analyzing the impact of most common payers across healthcare organizations.
Advancing Care Information Objectives and Measures and 2017 Advancing Care Information Transition Objectives and Measures are available to add and download now..
Review and select up to six measures which best fits your practice. You can add the measures which best fit your practice.
This performance category deals with care focused on care coordination, beneficiary engagement and patient safety.
Compare your total Part-B Medicare revenue per year with the payment adjustments starting 2019.
Sample Practice Sale Executive Summary and 2018 Sales Compensation Trends Survey Executive Summary
Revenuecycle Workflow Transparency and Efficiency Management...
CRC certified experts Holly Cassano and Kim Dues discuss all things risk adjustment....
Industry experts Kim Dues and Holly Cassano share useful information and shed the much needed light on MACRA and MIPs...
CRC certified experts Holly Cassano and Kim Dues discuss all things risk adjustment. In this webinar they discuss....
Orthopedic surgeons are underpaid. This free webinar on contract negotiation strategies to improve reimbursement for ortho surgeons will help....
Know How BillingParadise increased 60% revenue for an OB/GYN Center
Get paid Three times faster with our 24/7 medical billing services.
Work with medical billers who understand your EHR's billing process backwards and forwards
Avail Free RCM Audit Worth $2,000! Check out 19 different KPI reports that stops your cash flow.