There are innumerable medical billing and coding companies. To maximize your reimbursements, you have to partner with the right service provider.

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Why Choosing the Right Medical Billing and
Coding Company is Important
Every physician seeks to improve the quality of patient care.
However, medical practice is just like any
other business and needs to maximize
revenues to stay afloat. Proper medical
coding and billing practices are the
lifeblood of a healthcare facility, but
ensuring proper reimbursement for services rendered is not easy,
more so if the physician is managing billing tasks in-house.
Outsourcing billing and revenue management is the ideal
solution. However, the key to success lies in choosing the right
medical billing and coding company. Here are some important
pointers that can help make the choice:
Professional Team - When you decide to outsource a company
for these services, it is essential to select a professional firm with
a team of experienced medical coders and billing specialists.
Ensure that the team comprises AAPC certified medical coding
specialists who are proficient in ICD-9-CM, CPT, ASC coding
and HCPCS codes and standards, insurance and governmental
regulatory requirements, and payer-specific coding
requirements. Coding services should ideally cover hospital / in-
patient coding, emergency room e-code evaluation, medical
coding audits. Expert billing personnel would be well-informed
about the services covered by various healthcare plans and
would also be able to work on the latest billing systems or
software. The right team can submit claims accurately and
ensure timely and proper reimbursement.

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End-to-end Services: Look for a medical billing company that
offers a full array of medical billing services - from patient
scheduling, demographics, insurance enrollment, insurance
verification, insurance authorizations, and billing and
reconciling of accounts to EOB analysis, and AR management.
This will ensure proper billing practices as well as denials and
collections management necessary to recover unpaid or
underpaid claims.
Technology – With the aim to deliver top quality services,
reputable companies utilize advanced billing and coding
software. They can even work on your software. Experience
with the latest technology allows them to offer efficient
solutions.
Timely Reports: It is important that you are kept informed of
the measures taken to improve your revenues. The right medical
billing and coding company would provide you with weekly and
monthly reports on the progress with your accounts receivable
management.
Pricing: Reputable service providers can ensure
competitively priced services which are at least 30 – 40%
lower than the current market rates. Partner with a company
that provides services at such affordable rates and has no
hidden charges.
HIPAA compliance: Ensure the confidentiality of your data
by outsourcing to a HIPAA complaint medical billing
company. Check to see if they have all the necessary security
measures in place to ensure the safety of patient information.

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The right medical billing and coding company would work as an
extension to your medical practice. Choosing a company that
fulfils all these conditions would go a long way towards
ensuring the financial success of your medical practice as well
as provide you with more time to focus on your core tasks.