The outsourcing of collections is an area that is not as hard as it seems.
June 27, 2004 (Press Release) --
June 28, 2004 -- Outsourcing your collections in a medical practice can sometimes fall into a delicate area. First, is the balance owed correct? This can only be determined if the staff at your practice is competent. Did you employ a recent grad to do surgical billing? Defiently not a wise choice. Second, what type of insurance policy does the patient have? Make sure you do not bill for left over balances from HMO patients. This is illegal!
You can avoid this by hiring an experienced professional collections company. Some things to look for are: 1. Special forms that make the collection process easy. 2. Well-trained staff in current coding principles and claims processing. 3. Superior, proprietary follow-up system. 4. Electronic submission for Medicare/Medicaid and commercial insurance Insurance information obtained directly from hospital databases, when available.
This guidelines will help you increase your collectible accounts.
Dr. Al Johnson is the coordinator of a business group that teaches people how to easily attract wealth and reach their goals. Additionally, Dr. Johnson is a managing partner of Maximum Reimbursement, a practice management company. He may be reached at 305-761-7643 or hypnodoc@hotmail.com
You can avoid this by hiring an experienced professional collections company. Some things to look for are: 1. Special forms that make the collection process easy. 2. Well-trained staff in current coding principles and claims processing. 3. Superior, proprietary follow-up system. 4. Electronic submission for Medicare/Medicaid and commercial insurance Insurance information obtained directly from hospital databases, when available.
This guidelines will help you increase your collectible accounts.
Dr. Al Johnson is the coordinator of a business group that teaches people how to easily attract wealth and reach their goals. Additionally, Dr. Johnson is a managing partner of Maximum Reimbursement, a practice management company. He may be reached at 305-761-7643 or hypnodoc@hotmail.com
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