Life as a medical practitioner can be hectic; arguably, all the more if you run your own practice.
There is so much to take care of.
Patients, appointments, medicines, staff management… And of course, medical billing!
Ask any doctor about the task that troubles them the most, and majority of them will cite medical billing.
Medical billing is undoubtedly the most demanding task associated with running your own medical office; that is, outside the practice of medicine itself.
It’s downright complex.
And the recent implementation of ICD-10 codinghas made it even more challenging.
That is why more and more clinics and practices are opting to outsource their medical billing operations.
There are a lot of benefits to this approach.
For instance, it eliminates billing errors.
Medical billing is a specialized domain. It requires expert and deep knowledge of the medical coding system, carrier-specific insurance policies and federal and state regulations.
It’s no wonder why as many as 80% of medical bills in the U.S contain errors.
These errors can affectyour practice in two ways:
- They can undermine your reimbursements
- They can lead to overcharges, and as a result you may be charged guilty of a medical fraud
You don’t want either of that to happen.
This is where hiring a medical billing service can help.
These services perform billing operations with the highest accuracy possible, eliminating billing errors in the process.
Also, it helps reduce the administrative burden on you.
We’ve already discussed how life as a medical practitioner can be hectic; you’ve so many responsibilities to look after and multitude of tasks to perform.
Medical billing is a time intensive task and an added area of responsibility.
Handling it on your own can be exhausting.
Concerningly, it can stop you from focusing on your main job, i.e., treating patients.
Outsourcing your medical billing operations helps reduce administrative load.That way, you can spend more time in serving your patients andfocus on deliveringimproved patient care.
In short, hiring a medical billing service can be one of the best business decisions you can ever make.
Are you a medical practitioner running your own practice in South Florida and interested in outsourcing your billing operations?
A&B Accounting and Business Solutions can help
We’re one of the leading medical billing solutions provider in South Florida, servicing general and specialized medical practices. Our team of certified medical billing experts provide you with the best billing services, ensuring your complete satisfaction. Contact us today to discuss your medical billing needs.