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If you are looking to start a medical billing company or have one, then 2016 is a great year for you. You will start to notice that many healthcare providers are looking for a professional billing company to represent them. They are looking for a billing company to save them both time and money. You will stand out if you know ICD-10 coding and have a history of getting higher returns.
Physicians will begin calling billing companies this year in order to see if they can get them the high revenues that they are looking for. In time, you will come to see medical billing as being the type of business that gets physicians more money. At the end of the day, doctors want to worry less about their billing and more about their patients. Most MD's today say that they are tired of having to spend 15 to 20 minutes a day worrying about billing. If they don't get paid on their claims, they simply earn no money. Nobody can live with that kind of fear day in and day out.
If you look on the internet and search for "medical billing companies", you will find that there are thousands of them in the United States alone. It is going to be hard to choose which one to go with. If you are a professional doctor, it is best to choose a business that works well with your company. If you are trying to land a good customer, it is best to make your services stand out. In order to do this, you will have to follow some simple rules.
There are a lot of medical doctors today that earn low revenues because their in house billing team has messed things up. They have messed things up so bad that everyone else around them is hurting financially. Did you know that a poor in house billing plan can cause a doctor to lose 20% to over 40% of their yearly revenue? Sometimes claims get rejected so many times that doctors give up on them altogether.
It is clear that your business will have to stand out to doctors this year. We did away with ICD-9 in 2015. Now is the time to recruit new doctors to come and work with you. Many doctors don't know what to do right now. They are scratching their heads and wondering why the insurance companies are "trying to get them financially." In actuality, it has nothing to do with the insurance companies. It has to do with doing ICD-10 coding correctly. Most doctors don't understand how much of an expert you have to be in billing today. However, they are beginning to get that message loud and clear.
There is no golden rule, but I think that you should always meet face to face with a potential client. When you get the initial phone call, it is best to ask them if you can meet with them in person. It is best to say, "Can I meet with you in person?" If the client lives out of state, you are going to have to fly to their location. Remember, these types of clients are big deals. They don't come around often and doctors that make good money in their practice are hard to find.
Physicians will begin calling billing companies this year in order to see if they can get them the high revenues that they are looking for. In time, you will come to see medical billing as being the type of business that gets physicians more money. At the end of the day, doctors want to worry less about their billing and more about their patients. Most MD's today say that they are tired of having to spend 15 to 20 minutes a day worrying about billing. If they don't get paid on their claims, they simply earn no money. Nobody can live with that kind of fear day in and day out.
If you look on the internet and search for "medical billing companies", you will find that there are thousands of them in the United States alone. It is going to be hard to choose which one to go with. If you are a professional doctor, it is best to choose a business that works well with your company. If you are trying to land a good customer, it is best to make your services stand out. In order to do this, you will have to follow some simple rules.
There are a lot of medical doctors today that earn low revenues because their in house billing team has messed things up. They have messed things up so bad that everyone else around them is hurting financially. Did you know that a poor in house billing plan can cause a doctor to lose 20% to over 40% of their yearly revenue? Sometimes claims get rejected so many times that doctors give up on them altogether.
It is clear that your business will have to stand out to doctors this year. We did away with ICD-9 in 2015. Now is the time to recruit new doctors to come and work with you. Many doctors don't know what to do right now. They are scratching their heads and wondering why the insurance companies are "trying to get them financially." In actuality, it has nothing to do with the insurance companies. It has to do with doing ICD-10 coding correctly. Most doctors don't understand how much of an expert you have to be in billing today. However, they are beginning to get that message loud and clear.
There is no golden rule, but I think that you should always meet face to face with a potential client. When you get the initial phone call, it is best to ask them if you can meet with them in person. It is best to say, "Can I meet with you in person?" If the client lives out of state, you are going to have to fly to their location. Remember, these types of clients are big deals. They don't come around often and doctors that make good money in their practice are hard to find.
About the Author:
Ideal Billing Solutions is one of the top medical billing service companies in the United States. We examine your present revenues and get them higher. We have an excellent track record of getting more dollars for our customers. There are a lot of medical billing company names that you can pick from. We hope that you will pick us.
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