{"id":15498,"date":"2022-06-23T13:39:04","date_gmt":"2022-06-23T13:39:04","guid":{"rendered":"https:\/\/www.medicalbillersandcoders.com\/blog\/?p=15498"},"modified":"2026-05-11T14:48:47","modified_gmt":"2026-05-11T14:48:47","slug":"choosing-desired-medical-billing-company-for-your-practice","status":"publish","type":"post","link":"https:\/\/www.medicalbillersandcoders.com\/blog\/choosing-desired-medical-billing-company-for-your-practice\/","title":{"rendered":"Choosing Desired Medical Billing Company for Your Practice"},"content":{"rendered":"

Outsourcing your revenue cycle operations to a medical billing company is the right move toward securing the financial stability of your practice. However, choosing any medical billing company could cause more headaches than benefits. <\/span><\/p>\n

Medical Billers and Coders<\/b> is a leading medical billing company providing complete medical billing and coding services. While interacting with our potential clients, we found difficulties that are faced by healthcare practices while choosing the desired medical billing company.<\/span><\/p>\n

Evaluate Your Practice\u2019s Pain Points<\/strong><\/h2>\n

As you are seeking external help in Medical Billing and Coding<\/strong><\/a> for your practice, there are some pain points that are badly affecting your practice\u2019s revenue. List down all those pain points and try to evaluate if that medical billing company can provide solutions to those pain points. <\/span><\/p>\n

Major pain points for any healthcare practice include hiring and retaining skilled (and experienced) staff, training costs, non-availability of a certified coder, submitting paper claims, difficulty in transition from paper claims to electronic claims, Insufficient knowledge of practice management software, denied claims, receiving fewer reimbursements and many other. <\/span><\/p>\n

Once you have a list of your preferences and challenges, you will be more easily able to communicate them to potential medical billing companies.<\/span><\/p>\n

Questions to Ask Prospective Billing Companies<\/strong><\/h2>\n

How often do you submit claims?<\/strong><\/h3>\n

If you submit claims quickly, you will get paid quickly. So, ask the medical billing company, how often they submit claims for your practice. Ideally, it should be less than 24 hours while some companies would take up to 5 working days to submit a claim. Billing and coding experts from Medical Billers and Coders (MBC)<\/strong> submit claims within 24 hours after patient visit details are shared by providers.\u00a0<\/span><\/p>\n

What\u2019s your clean claim percentage?<\/strong><\/h3>\n

Just submitting a claim is not sufficient, all the details mentioned in that could be accurate i.e., a clean claim. It’s quite obvious for any practice to have less than 80 percent as a clean claim ratio. The standard is 90 percent while Medical Billers and Coders (MBC)<\/strong> achieves more than 95 percent of the claim ratio for all our clients.\u00a0<\/span><\/p>\n

How do you handle rejections?<\/strong><\/h3>\n

Entering any inaccurate information while submitting insurance claims will lead to claim rejections. It’s acceptable practice to have up to 5 percent of claim rejections as patient demographics and insurance information get updated, focusing on how the medical billing company handles rejections. Medical Billers and Coders (MBC)<\/strong> crosschecks provided patient and insurance information against the payer database before submitting a claim.\u00a0<\/span><\/p>\n

Do you have certified, specialty-specific medical coders?\u00a0\u00a0<\/strong><\/h3>\n

Inquire how many certified coders they currently have on staff and how many will be dedicated to your account. Ensure that these certified coders have good experience in coding in your medical specialty. <\/span><\/p>\n

Medical Billers and Coders (MBC)<\/strong> appoints certified coders to your account and adjusts the number of coders on your account as per workload.\u00a0<\/span><\/p>\n

Which billing software do you use?<\/strong><\/h3>\n

Will you continue to use your own practice management software (PMS)<\/a> or does your vendor have their own? If the billing company is going to be working on your current system, inquire who will cover the cost of the clearing house and if there are any fees that you will be picking up. <\/span><\/p>\n

If you will be using the vendor\u2019s PMS, be sure to establish guidelines in the contract that states you have the rights to your billing data and reports. <\/span><\/p>\n

Medical Billers and Coders (MBC)<\/strong> have expertise over all leading medical\/ practice management billing software, so continue billing from your current software. It also helps in recovering old pending claims that are either rejected, denied, or not submitted earlier.\u00a0<\/span><\/p>\n

Who handles queries and concerns?<\/strong><\/h3>\n

It is quite obvious to know who is the contact person if you have any questions or concerns about the medical billing process. Medical Billers and Coders (MBC)<\/strong> assigns a dedicated account manager for your practice who acts as the single point contact for all your queries and concerns. This account manager is fully aware of what\u2019s happening on your account and shares required documents or reports for detailed understanding.\u00a0<\/span><\/p>\n

What kind of reports do you provide?<\/strong><\/h3>\n

As the billing company claims to handle complete billing operations for your practice, medical reports are a great way to understand what\u2019s happening in your account. Medical Billers and Coders (MBC)<\/strong> shares a variety of customized reports as per the client’s requirements. The most common billing reports shared are AR aging, payment trends, insurance, and patient collections, KPI indicators, payer analysis, and rejections reports.\u00a0<\/span><\/p>\n

How can you help to grow my practice?\u00a0<\/strong><\/h3>\n

The desired billing partner should not only be able to handle your payments and claims, but they should also be able to counsel you and evaluate the health of your practice. Medical Billers and Coders (MBC)<\/strong> providing complete medical billing services for more than 20 years to assist practices in growing their business while ensuring legal compliance.\u00a0<\/span><\/p>\n

Knowing your exact needs and then evaluating prospective partners by asking these questions will help you find the Medical Billing vendor that will help you maintain a financially successful practice. <\/span><\/p>\n

Contact <\/span>Medical Billers and Coders (MBC)<\/b> at info@medicalbillersandcoders.com<\/a>\/ 888-357-3226<\/strong><\/a> to share your unique billing challenges. We will be happy to provide reliable and cost-effective solutions to your billing challenges.<\/span><\/p>\n

FAQs<\/h2>\n\n\n
1. How can I evaluate if a medical billing company can address my practice\u2019s pain points?<\/strong>

Start by listing your practice\u2019s key challenges, such as hiring skilled staff, claim rejections, and poor reimbursements. Then, communicate these challenges to the billing companies you are considering to ensure they can offer solutions.<\/p> <\/div>

2. What is the ideal claim submission timeline for a medical billing company?<\/strong>

Ideally, claims should be submitted within 24 hours of a patient visit. This ensures quicker reimbursements and improves your practice\u2019s cash flow.<\/p> <\/div>

3. What is a clean claim, and why is it important?<\/strong>

A clean claim is a claim that has accurate and complete information, leading to fewer rejections. The industry standard for clean claim submission is 90%, but Medical Billers and Coders (MBC)<\/strong><\/a> achieve over 95%.<\/p> <\/div>

4. How should a medical billing company handle rejected claims?<\/strong>

A good medical billing company<\/a> cross-checks patient and insurance information against the payer database before submission, helping minimize rejections. They should also have a process in place to quickly resolve and resubmit rejected claims.<\/p> <\/div>

5. What kind of reports should I expect from my medical billing company?<\/strong>

Expect customized reports such as accounts receivable (AR) aging, payment trends, insurance and patient collections, KPI indicators, payer analysis, and rejection reports. These reports help you track the financial health of your practice.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"

Outsourcing your revenue cycle operations to a medical billing company is the right move toward securing the financial stability of your practice. However, choosing any medical billing company could cause more headaches than benefits. Medical Billers and Coders is a leading medical billing company providing complete medical billing and coding services. While interacting with our […]<\/p>\n","protected":false},"author":8,"featured_media":15499,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3491,3490,3488,3497,3487,3489,992,3494,9,357,3495,3492,21,3498],"class_list":["post-15498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medical-billing-services","tag-ar-aging","tag-common-billing-reports","tag-complete-medical-billing-and-coding-services","tag-complete-medical-billing-services","tag-desired-medical-billing-company","tag-eading-medical-billing-company","tag-insurance","tag-kpi-indicators","tag-medical-billing-companies","tag-medical-billing-company","tag-payer-analysis","tag-payment-trends","tag-revenue-cycle","tag-unique-billing-challenges"],"yoast_head":"\nChoosing Desired Medical Billing Company for Your Practice<\/title>\n<meta name=\"description\" content=\"In this blog here our 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The industry standard for clean claim submission is 90%, but <a href=\"https:\/\/www.medicalbillersandcoders.com\/\"><strong>Medical Billers and Coders (MBC)<\/strong><\/a> achieve over 95%.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.medicalbillersandcoders.com\/blog\/choosing-desired-medical-billing-company-for-your-practice\/#faq-question-1759744770009","position":4,"url":"https:\/\/www.medicalbillersandcoders.com\/blog\/choosing-desired-medical-billing-company-for-your-practice\/#faq-question-1759744770009","name":"4. How should a medical billing company handle rejected claims?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A <a href=\"https:\/\/www.medicalbillersandcoders.com\/\">good medical billing company<\/a> cross-checks patient and insurance information against the payer database before submission, helping minimize rejections. 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