Practices are in constant need of well-trained coders and billers who can submit timely, error-free claims. There are certain billing errors that can prove costly if they go undetected, requiring a skilled billing team for reducing denial rate and getting RCM back on track. If a practice fails to catch errors ahead of time, it can lead to delayed payments, loss of revenue and costly fines.
Industry Facts :
|Approximately 8 in 10 medical bills issued by hospitals contain billing errors, costing thousands of dollars to consumers and insurance providers every year|
|More people will be getting insurance coverage in 2014 once the Affordable Care Act takes effect. This will also create more room for errors|
|According to Kaiser Health News, nearly $68 billon in healthcare spending is lost every year due to billing mistakes and fraud|
Common billing errors that are costing your practice:
How can skilled billers and coders help solve billing errors?
Handling billing errors with MBC:
By outsourcing billing and coding needs to Medicalbillersandcoders.com, practices can get rid of common billing errors that hamper their RCM. MBC has a skilled team that is trained and updated with industry changes in a constant manner in order to provide effective solutions to healthcare providers across the US. Only the latest technology is used to offer optimum results, reduce practice costs and maximize revenue. This offers additional time to providers to concentrate on quality patient care.Back