Outsourcing Medical Billing Services

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Outsourcing Medical Billing Services

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What is Outsourcing Medical Billing Services

• Outsourcing the medical billing service means a
  healthcare provider hires a medical billing
  service provider outside their practice to do all
  the billing works, often giving a fair percentage
  cut of the total revenue generated.

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-- Customized billing reports-- Timely
preparation of patient statements-- Regular
updates on payer fee schedules.-- Payment
posting-- Data entry of all charges--
Submission of paper and electronic claims--
Tracking and following-up on denied claims
Benefits of Outsourcing Billing Services To
Medical Billing Claims

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Things To Avoid in Medical Billing

• -- Entering incorrect information for the
  provider
• (name, address, contact information, etc.)
• -- Entering incorrect information for the patient
• (name, sex, date of birth, insurance ID
  information, etc.)
• -- Entering incorrect information for the
  insurance provider (policy numbers,
  address, contact information, etc.)
• -- Inputting the wrong codes or confusing such as
  CPT
• codes, point of service codes, or ICD-9-CM codes
• -- Entering too few or too many digits for
  ICD-9-CM codes

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Common Billing Errors Include The Following
-- Not having access to EOBs on denied claims
-- Not verifying a patients insurance
coverage -- Duplicate billing -- Up-coding --
Under-coding -- Sloppy documentation

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How to Catch and Correct Errors
-- Coordinate with everyone at the providers
office -- Double-check patient and insurance
information before filing a claim -- Study
billing and coding trends -- Follow up on claims

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Your Claim Approved

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Contact Us
Healthcare 1 800-940-4943
healthcare_at_bikham.com
www.bikham.com

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