Medical billing can be challenging for all types of medical practices; however, for internal medicine physicians/internists, it can be even trickier as the billing procedure for them is quite unique. Internal Medicine Practices is a medical practice providing healthcare services for adult patients
Why is Billing Unique for Internists?
- For the majority of medical conditions, patients first go to internal medicine practitioners for diagnosis and basic treatment. From there they are referred to specialists for further medical care if required. Due to this, internists become dependent on other practices or practitioners for payment and the billing process gets complicated
- Internal medicine practitioners offer diverse services. They see approximately 30-40 patients on a daily basis. Besides hospitals and nursing homes, they also visit patients at offices and homes. Due to a high number of patients, they need to handle a large volume of claims which creates a greater possibility for errors and denials
- As internists need to collaborate with multiple practitioners and deal with various patients, regular changes in coding also complicate the billing process
Hence Internists prefer outsourcing billing and coding services to a billing partner so that minor mistakes such as negligence in procedure billing, under-coding office visits, or errors in coding do not hamper their chances of getting paid what they deserve.
Since the billing partner will be entirely focused on filing claims, following up with insurance companies, and handling claim denials, it saves money and time for Internal Medicine Billing practices which can be used on patient care.
Benefits Acquired by a Specialized Internal Medicine Billing Service?
- The billing partner with a background in coding helps in the accurate and error-free submission of claims to insurance companies
- The billing services constantly updates and educates its team of experts about ICD-10 changes and also about what constitutes a Level 1, 2, 3, 4, or 5 office visit
- They are well-equipped to handle hospital charge billing, visits to nursing homes, SNF counters, and so on
- Internal medicine practices produce a high volume of charges, and the billing partner ensures that claims to different insurance carriers are submitted correctly
- Since the routine admin functions are handled by a third party, more time is spared for patient care which will eventually enhance the quality of care, increases patient satisfaction, and increases gross revenue
- With a drop in claim denials, resources will be freed up which will result in increased revenue and reduced operating costs
With so many benefits of outsourcing, why take the risk of getting underpaid or receiving no payment at all? Medicalbillersandcoders.com has an expert team of billers and coders who have been providing billing support to internal medicine practitioners for over a decade now.
As an internal medicine billing partner, we ensure that our clients get the required reimbursement for each patient. From capturing charges and denial management to submission of claims, our medical billing experts implement the best practices and make sure that the clients enjoy healthy account receivables.
MBC is a reliable and efficient choice for medical practices seeking professional and comprehensive internal medicine coding services. To know more about our internal medicine coding services, email us at: info@medicalbillersandcoders.com or call us at 888-357-3226.
FAQs
1. Why is internal medicine billing more complex compared to other specialties?
Internal medicine practitioners deal with diverse services, a high patient volume, and collaboration with multiple providers. This complexity, combined with frequent coding updates, increases the risk of errors, denials, and delayed reimbursements.
2. How does outsourcing billing benefit internal medicine practices?
Outsourcing allows practices to reduce administrative workload, minimize claim denials, and focus more on patient care. With a specialized billing partner like MBC, practices can streamline claims processing, ensure compliance, and improve revenue cycle management.
3. What specific services does MBC offer for internal medicine billing?
MBC provides services such as accurate medical coding, claims submission, denial management, insurance follow-ups, and charge capture. Their team stays updated on coding changes and ensures proper handling of hospital, nursing home, and office visit billing.
4. How does MBC help reduce claim denials for internal medicine practices?
MBC’s experts focus on error-free submissions, adherence to coding standards like ICD-10, and proactive denial management. Their streamlined processes significantly reduce denial rates, improving cash flow and revenue.
5. Why choose MBC as an internal medicine billing partner?
With over a decade of experience, MBC offers reliable and efficient services tailored to the unique needs of internal medicine practices. Their expertise in managing high volumes of claims ensures timely reimbursements, reduced operating costs, and healthy accounts receivables.
6. How can I get started with MBC for internal medicine billing?
You can email MBC at info@medicalbillersandcoders.com or call 888-357-3226 to discuss your practice’s specific needs and learn more about their comprehensive billing solutions.
