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Urology Medical Billing and Coding a Long Road towards Profit

June 24, 2017



Urology-Medical-Billing-and-Coding-a-Long-Road-Towards-Profit

Technology has played a significant role in upgrading medical practices; which not only made them boost productivity but it streamlined the process making it hassle free. The primary reason to adopt an outsourcing medical billing and coding service provider is to carry out multiple tasks in the minimum possible time, and with less of errors.

Billing & Coding Software for Urology,

The fiscal strength of your urology practice is directly correlated to timely billing and account reimbursement. Your urology billing company will handle all the complexities presented by urology billing and modifiers. Why not allow 5 Star to give you the financial peace of mind you deserve.

Urology medical billing and coding service providers have years of experience providing urology billing services. By choosing to outsource to a quality billing service is one of the most important decisions you'll ever make regarding the business aspect of your practice.

What Urology Medical & Billing Service Providers Offer?

A medical billing and coding company offers comprehensive billing, collections, and practice management services for urology providers. It provides initial evaluation of your practice and accounts receivable, and makes it easy to get started - because they are serious about getting you paid. Some of the things that expert billing professionals do include:

  • Offering full account receivables management.
  • Performing 12-hour claims processing.
  • Checking system based eligibility.
  • Conducting quarterly coding updates.
  • Performing system-based claims scrubbing.
  • Handling all billing calls.
  • Conducting regular quality assurance checks.
  • Holding weekly meetings to discuss progress and go over reports.
  • Providing customizable monthly reports.

Why Urologists Should Choose To Outsource Medical Billing & Coding Services?

Outsourcing medical and billing service providers have years of experience working with urology practices and are equipped with the knowledge to handle coding and billing-related processes to ensure that you receive payments and reimbursements on time.

Their extensive knowledge in the urology field has allowed the billers and coders to meet the demands of a wide variety of urology providers, clinics, and diagnostic centers. They work side by side with your practice to help identify problem areas and establish a quality medical billing and coding procedures.

The urology billing service is fully compliant with HIPAA standards and regulations. This means that your patients' protected health information will never be compromised. Outsourcing medical billing and coding service providers are large enough to handle multi-physician, multi-location practices yet small enough to give the personal attention your account deserves. They offer:

  • Enhanced collections and income.
  • Speeded payments.
  • 24/7 accessibility to your patient data and financial information.
  • Transparency throughout the revenue cycle.
  • Complete financial and practice management reporting.

Bottom-line

A urology medical billing company can increase your reimbursements. In fact, it should be more efficient and effective at billing than your own office. A urology billing company will let you and your personnel focus on practicing medicine. Whether you own a private practice or work in a hospital or multi-provider facility, a urology billing service can make your practice more profitable.

According to industry experts, a claims adjustment rate of between 25% and 45% is considered good and acceptable. An outsourcing urology billing and coding service provider will get you a higher average return per processed claim.

A professional outsourcing medical billing company is more than a claims processing center, because they offer multiple benefits and billing services. Their state-of-the-art billing system generates accurately-coded claims daily and submits them electronically. Once your bills are processed, payment can be received in as little as 10 days instead of 3 months.

 

Category : Outsource Medical Billing