Medical Billing Services Houston - (713) 999-4686 - Medical Billing Services

   • Medical Billing Services Houston - (7...   - Medical Billing Services Houston Improve your Accounts Receivables and Cash Flow. Get a Free Quote Today.

Many physicians do not outsource or use third-party Medical Billing Services. Whilst there are many Local Houston Medical Billing Service Company to choose from. They often hire internal staff to perform most medical billing activities. Regrettably many of the physicians that we have spoken to are misinformed and have terrible cash flow. Often times their collections activities go beyond 60 - 90 days.

In-fact many physicians are not collecting the vast majority of their billable's in a timely and expedient manor.

The problem lies with poor billing and collections practices. The few physicians that do utilize Medical Billing Services in Houston, are under the impression that their AR are in order and that the chosen medical billing and coding company is making every conceivable effort to reduce their AR balances and collection times.

However that simply is not the case. Often time a physician will not even know how bad the situation is as they are not informed of the situation and are not presented with a good aging report, which is a good indicator of how well the outsource medical billing and coding company is performing, or for that matter how well their internal staff are performing as far as patient followup and claims follow-up with insurance companies.

Most medical billing companies knowingly will set up you practice management system and staff to calculate the aging based on when the insurance is billed. The problem here is that any time you re-bill insurance, the aging clock starts over again. A claim 160 days old can be reset to look as if it is current. Which is a big problem form a cash flow perspective.

Here is an example of this: A patient comes in on January 1, insurance denies on February 1, insurance is then re-billed with an appeal on March 1.

In this case the aging will be based on the March 1 re-bill date, not on January 1. Not only does this method not produce accurate accounting, but it may be masking serious issues with your billing staff. One thing you will have to watch for is whether your biller routinely mass re-bills insurance claims that have not been paid. Remember, the aging clock starts again. If you were to run an aging report right after those claims were re-billed, they would not show up as old but as current. Your report would look very good and it would seem as though your medical billing department was doing a fantastic job when in reality they may not be, and you are losing money.

The correct way to calculate the aging of insurance accounts is to run your accounts receivable reports based on the date of service. This will give you an accurate accounting of how old your claims really are and how well, and quickly, your billing staff is following up on unpaid and denied claims. If you are not sure which report you are currently running, contact software support for your practice management system. They will be able to help you determine how the report is running.

By using the MGMA benchmark and calculating your aging correctly you now have a standard by which to hold your manager and billing department accountable. But now that you have an idea where you problem lies, what is your next step? Call us or complete the form on this page if you wish to solve your medical billing and coding problem. We help physicians run their practice smoother and more profitably.

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Call us today on (713) 999-4686 For the best Medical Billing Services in Houston

   • Medical Billing Services Houston - (7...