Are You Losing Revenue Due To Outdated Processes?

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• Are You Losing Revenue Due To Outdated Processes?

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Are You Losing Revenue Due To Outdated Processes?
Up to 38 of the average medical practices
total revenue now comes from patient payments,
according to the recent report. This means that
thousands of dollars can be lost every year if a
doctors office does not diligently bill patients
and collect outstanding balances from
them. Today, as legalistic medical billing
coding rules have taken root and payers have
gotten stingier, collecting what youre owed
requires fighting a battle on two fronts the
draconian payers on one front and patients on
the other. You need the latest tools and tactics
just to avoid losing ground in this struggle. You
cant keep doing things the traditional
ways Lack of discipline in collecting patient
information If 55-65 of revenue is lost due to
leakage, then a hospital is losing between 800K
to 950K on average per physician per year. For a
hospital with 100 affiliated providers, total
leakage costs the health system between 79M to
98M per year. Incorrect information of patients
insurance IDs and the relevant paperwork
increases the chances of denials. Medical Billers
Coders offers a comprehensive range of hospital
medical billing solutions to meet the unique
needs of your healthcare organization.
Medical Billing Services in Oregon
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Are You Losing Revenue Due To Outdated Processes?
Not updating on regulations Medical billing rules
and regulations are ever evolving. This requires
continual updating the Electronic Health Records.
Training the staff and developing new procedures
are also important to stay ahead with the
consistent altercations happening in the
healthcare industry. Trust Medical Billers
Coders specialized service which gives this task
the full-time attention it deserves,
reducing/eliminating your time constraints and
the possibility that claims will be filed
incorrectly. Handles Your Error Triggers
Denials As a leader in hospital billings, Medical
Billers Coders understand that even the
minutest errors trigger claim rejections and
every claim that requires reprocessing is costing
you valuable resources. If your present hospital
billings are done in-house, every repeated claim
submission increases overhead expenses and
results in profit loss. Physicians and hospital
administrative staff members are often piled up
extra hours when to fix costly hospital billing
errors. The time spent on administrative tasks
take away from patient care and places an
unnecessary burden on hospital personnel.
Medical Billing Services in Oregon
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Are You Losing Revenue Due To Outdated Processes?
Medisys Data Solutions Inc. brings transparency
to the complex prescription drug ecosystem.
Medisysdata help companies manage their
relationships with their RCM pharmacy managers
furthermore helping feel certain that you are
maintaining affordable, high-quality coverage for
your employees. Send us an email or reach us at
302-261-9187 to learn how we can help facilitate
your medical billing requirements.
Medical Billing Services in Oregon