How much do Gastroenterologist’s End up Spending in Order to Get Paid?

Most gastroenterology practices these days are spending increasing amount of their time and revenue on clerical tasks to enable being reimbursed on time by their payers.

As different insurers use varied rules for processing and paying medical claims there is confusion and inconsistency amidst most providers, with most diverting large portions of their income on administrative tasks in order to be reimbursed appropriately.

Industry standards state

Moreover according to a recent study a physician’s time spent on health insurer “red tape” can easily add up to nearly 3 weeks!

Gastroenterologist’s amidst increasing administrative tasks

• Different insurers using different rules cause complexity, confusion and waste, hence standardized processing and payments are essential in order to reduce the administrative burden on Gastroenterology practices
• Gastroenterology practices currently bear unnecessary costs as they need to maintain a costly claims management system for each health insurer
• Nearly one in every five medical claims processed by insurers has errors which lead to high administrative costs for both physicians and insurers

In this scenario until a single transparent set of processing and payment rules for the health insurance are created Gastroenterology practices may immensely benefit by outsourcing their medical billing to a specialist and can direct their time and resources to patient care rather than on excessive paperwork.

Browse All: Gastroenterology Billing

Reduce your administrative and billing burdens with MBC…

MBC’s experts help our client get paid on time, reducing their AR days with the following-

MBC the largest consortium of medical billers and coders all 50 US states serving healthcare for over a decade now is constantly working on satisfying our clients by improving their revenue flow.

We also provide numerous lateral services which include medical coding, data entry and transcription service, consultancy and so on for all specialties including gastroenterology billing. No matter what type of medical billing service you require, MBC medical billing will competently endeavor to meet your needs.