Outsourcing Medical Billing Services - PowerPoint PPT Presentation

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Outsourcing Medical Billing Services

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Outsourcing medical billing services help health groups to focus more on their patients and save resources and money. Medical billing services depend on many factors such as practice size, revenue cycle, clinical service and much more. – PowerPoint PPT presentation

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Title: Outsourcing Medical Billing Services


1
Outsourcing Medical Billing Services
  • Health Care

2
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.
  • Health Care

3
-- 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
  • Health Care

4
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
  • Health Care

5
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
  • Health Care

6
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
  • Health Care

7
Your Claim Approved
  • Health Care

8
Contact Us
Healthcare 1 800-940-4943
healthcare_at_bikham.com
www.bikham.com
  • Health Care
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