June, 2018 – Running a medical practice is not always smooth sailing. A medical practice survives and thrives upon revenue generated from billing for services rendered. However, medical billing is loaded with challenges that can prevent your practice from getting paid what it deserves. If you do not get paid correctly and on time, it can seriously impact your practice’s growth and even put its survival in jeopardy.

Hence, it is important to understand and resolve common medical billing challenges before they can negatively impact your revenue. Let’s take a quick look.
Inaccurate Patient Information
A patient’s accurate personal and insurance information are required on file. If this information is incorrect or missing, the claim may end up getting denied. Hence, it is important that your front office staff asks the right questions and records all needed patient information correctly. Once this information is collected and verified, it should be entered into the electronic records and medical billing system immediately.
Patient doesn’t have Accurate Quotes for Services
The health insurance landscape has shifted to insurance plans with higher deductibles. This makes it increasingly the patient’s responsibility to pay medical bills.

This shift also calls for providing accurate quotes for services to patients. When patients believe that the medical bills are higher than the quotes, they are less likely to pay the bill promptly.

The best way out is to have your front office staff trained to provide accurate quotes so that you can have better collections.
Inefficient Claims Management
Filing health insurance claims is not a simple process. If your practice’s claims management process is inefficient, it can result in denied claims. Inefficient processes include manual medical billing or outdated software. Claims management processes can be made more efficient with medical billing software or by outsourcing billing and claims management to professional medical billing service companies who are fully equipped to handle your claims.
Medical Coding & Billing Errors
Medical billing errors are the biggest reason for denials. In addition, they can also make your medical practice flagged for an audit and cost you a great deal if claims have been paid for incorrect codes.

Since coding keeps changing and medical billing services have a large, trained, updated staff, they can help you stay on top of things. Apart from billing, they also help you follow up and manage denied claims quickly so you can reduce days in accounts receivables, have a steady cash flow and do not lose out on payment for services rendered.

To learn more or to take advantage of radiology and other specialty medical billing services, call the reputed medical billing service company, Emerald Health LLC in Massachusetts at 855-650-9906 Today.