Podiatric medicine like we all know is one of the most sought out branch of medical science dedicated to the diagnosis, prevention and treatment of various foot disorders resulting from diseases or injury.
A Podiatric physician is to the foot to what an ophthalmologist is to the eye and dentist to the mouth -a specialist who has undergone lengthy, thorough study to become qualified to treat a specific part of the body.
A Doctor of Podiatric Medicine makes independent decisions and performs all necessary diagnostic tests. Also, administer medications, performs surgery and prescribes therapy regimens.
Podiatric physicians educated in state-of-the-art techniques involving surgery, orthopedics, dermatology, physical medicine and rehabilitation hence; requires constant up-gradation to be the best in their field.
As A Practicing Podiatric Physician….
Due to sudden increase in the quality and quantity of Podiatric medicine related research in the past decade, the physicians practicing in Podiatric are swamped with insurmountable volume of research related to their practice.
Being Podiatric physician it requires updating yourself on the latest trends in patient management, which keeps you up to date on the newest advances, and provides a sound basis for choosing treatment options.
And above all does the Podiatry medical billing eats most of your time? Are you too much dependent on your employee to bill for your practice? And most importantly you are losing much of money.
As a practicing Podiatric medicine and surgery, it is important to constantly improve on providing patient care. Podiatric medicine and surgery is an ever evolving science that needs consistent up-gradation in skills, along with that we should not forget that healthcare remains prominent.
From a business view point, having a hassle free and efficiently running medical practice let the doctor to focus on patient care better.
It is believed that the benchmark for the collections and billing is a well-run practice of 6 to 8% of the gross income. If you are doing this efficiently, without overloading an employee you are doing all right – or you know why you are here to read ahead about upgrading the skills.
Know About The Associated Costs?
Medical Billers are the most important people you have in your practice that does your collection and billing. These are professionals who draw a decent salary, and it varies depending on the location, experience and expertise.
Rental space is another added cost that shouldn’t be overlooked. Your biller will need a specific space to work. The rental costs depend on where you choose the space, how much is the space etc.
Forms, postage and statements are additional costs that we miss out. Take a monthly survey of the number of insurance forms that you generate out of your practice as well as expenses of postage and to mail them.
How Medical Billing Service Can Provide You The Peace Of Mind?
Your biller can anytime decide to leave you for end number of reasons; maybe because of illness, or a new job, retirement, shifting location, or event disagreement with you.
You are fortunate enough if you have more than 1 employee working on collections and billing. It has been witnessed that more people working particularly in a relatively small area the more it leads to internal conflict.
When 2 or more employees are butting their heads over a vast number of possible conflicts, the patient care and production are bound to suffer.
Podiatric medicine coding is an ever evolving field. The doctor and his billers require upgrading themselves on changing in procedures and billing codes. It is necessary to keep your troubles at bay and also, it will help you to benefit from new opportunities, your bills are error free and the health care service at its best.
To convey at minimum, those who are involved in billing should always include Podiatric physician. He/she should attend at least one podiatric billing course, read coding lines and one of the coding manuals such as billing alerts and Podiatry Medicine Coding.
Outsourcing Is the Perfect Answer
- Outsourcing your medical billing services may resolve many of your aforementioned problems. Choosing the best Podiatry medical billing company is paramount.
- Below are few important questions that you can ask to a prospective billing service that help you decide if this is the right one for your practice.
- What % of the billing services deals with podiatry medicine? Isn’t it necessary to have a service that is exclusive to podiatry medicine? How many podiatric medicine clients do you presently service?
- What is the suggested time interval between the receiving form and the time that insurance company or patient gets a bill?
- How the medical billing service does produces encounter slips?
- What are the service fees? What do they include? Majority of the services charge between 6 to 8 % of the gross money collected.
- Does the fee include statements, stamps and stationery?
- Is there a minimum amount for which the company will send a statement?
- What reports can medical billing and coding services generate?
- How does the Podiatric doctor access the information on every account? Is the information online available? Is it possible to download the financial information or one has to go to the service’s Web site to access the information?
- Where are the back-ups kept?
- Is all of the data on your office computer and does the billing service get online access to your office?
It is known fact that Podiatric Medicine and Surgery requires constant upgradation; consider the above mentioned following factors when you are approaching an outsourced medical billing company.