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10 Ways to Improve Your Billing Process
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1. Open communication

• One of the simplest ways of improving your
  billing process is by ensuring transparency
  regarding payments with your clients. You can
  either communicate it to them directly or include
  the details in the client information form that
  they fill before meeting you.

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2. Updated Patient Files at the Time of Each
Appointment

• Things change a patient who visited you a year
  ago may have changed their insurer, purchased a
  more expensive policy or could be now covered
  under the new spouses policy. You must have all
  these details for an efficient and accurate
  billing process. Make sure that you double-check
  the details such as the patients policy number
  and billing address.

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3. Tracking denials

• Things change a patient who visited you a year
  ago may have changed their insurer, purchased a
  more expensive policy or could be now covered
  under the new spouses policy. You must have all
  these details for an efficient and accurate
  billing process.

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4. Employee training programs

• Dealing with different insurance companies is no
  easy feat. Each one has its own set of protocols
  to be followed while filing for the claims.

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5. Automating repetitive tasks

• Billing functions such as filing individual
  claims, assigning the right medical billing
  codes and creating as well as deploying payment
  reminders are repetitive tasks that can be easily
  automated.

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6. Outsourcing problematic collections

• Many medical practices are comfortable with
  handling the medical billing process in-house.
  But some collections can prove too complex or
  problematic to handle.

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7. Bank Reconciliation with allowed amount as per
contract

• The process of revenue management does not end
  with the claim approval. You have to ensure that
  the correct claim amount is deposited in your
  account based on your contracts with Insurances. 

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8. Reviewing delinquent claims

• To improve your revenue cycle, it is best to
  dedicate one staff member just to follow up on
  claims that have not been paid on time. By doing
  so, you will know exactly why the payments are
  delayed.

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9. Disputing denied claims

• There are times when claims are denied despite
  providing accurate details. To ensure that you do
  not lose out on revenue, follow up and be ready
  to negotiate the claim with the insurer.

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10. Medical billing management services

• While outsourcing collections can take care of
  the major part of your revenue cycle management,
  hiring a medical billing service provider to also
  manage your claims can streamline your businesss
  billing process without any stress to you.

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