When one has to manage something as important as the claims submission for your optometry practice, many can be defensive of the process as it directly connects with their revenue cycle. As a healthcare service provider and a facility owner, it’s great to keep an eye on the processes that are making your practice earn money. But, being successful at managing your facilities’ income-cycle and claim management in optometry in the state of Florida is a full-time job in itself and requires deep knowledge to keep the billing cycle rolling along effectively.
If you or your charging department in Florida is feeling overwhelmed with the workload, or you aren’t managing your RCM to the highest potential, it might be the time to consider an offshore help to relieve some of the claim filing burdens, and get the income cycle spinning into your practice.
Before you think if there aren’t any good billing organization in Florida that can take you out of the billing and coding mess with you optometry practice, then you are right. Here are some critical reasons why optometrists in Florida are switching from in-house to an outsourced revenue cycle management service.
Claims Understanding knowledge
As we all know, insurance is a complicated topic, and changes are made time and again. It’s tough to keep up. In a busy optometry practice, it can be challenging to find the time to stay refined on the latest updates from the government and the payers.
If you lose the only medical biller in your Florida facility and if it takes a few weeks to find another one, your pending and current claims will suffer. Someone in your facility will have to find the time to work on those pending claims before they delayed or denied. And there’s a good chance that whoever takes this one is going to struggle if it’s not in their forte.
The number of new claims comes in every day, and along with that denials and rejections flow into your claim cycle as well. Depending on the size of your facility, relying on one person to take on this entire job might be too big of a workload to keep up with as you grow.
Look outside Florida
The claims management issues discussed above can be relieved with help from an offshore RCM service provider. Here’s how:
Good Knowledge of Claims Process
An outsourced medical billing and coding service that specializes in optometric billing is going to have a team of experts submitting your claims and working them through the entire revenue cycle to ensure payment. These teams live and breathe claim filing, so staying up to date with all the details is the main part of their job.
Releases Employee Dependency
Partnering with a third party optometry billing and coding service provider outside Florida you can put your mind at ease that you don’t have to constantly worry about your biller quitting, going on a long break, or getting a new hire up to speed.
A revenue cycle management service provider is going to give your optometry practice unlimited capacity for growth, without the concern of how you will keep up with the claim workload at your practice grows.
Reports and Analytics
When contracted with an optometry medical billing service provider you get in-depth reporting on all the ins and outs of what’s going on with your income cycle. When you make the decision to trust a service to take over this part of your practice, you will want to be able to see that what they are doing is having positive effects on your optometry practice and monthly reimbursements.