California is not only home to famous landmarks such as the Yosemite National park and the Sequoia National Park, but it is also home to nearly 5,000 hospitals and medical facilities according to the US News and World Report. With this number, a growing number of medical billing companies in California are also growing exponentially.
California’s health care system has significantly changed following a major reform in 2010. When the Affordable Health Care Act was passed, the affordability and quality of care, especially among the uninsured, have affected thousands of residents.
If you are one of those running a clinic or any medical facility, big or small, enhancing your financial performance through the best medical billing process is of crucial importance. For the most part, outsourcing your medical billing services is a wise choice. But with so many options available, finding the most suitable company to provide you with top quality services is quite tricky.
As you start to scout for medical billing companies, the options are overwhelming. So how do you find the right one that can help you reach your goals? Here are some crucial tips you should consider as you choose the firm that will help you increase your bottom line.
Tip 1. Find a Company that Will Help You throughout the Whole Billing Cycle
When selecting a potential medical billing company, go for the one that will provide services throughout the whole revenue cycle management. The billing company should be there even before patients book for an appointment, and right until the very last reimbursement for claims. Find the one that excels at all the stages of the revenue cycle management, starting from claim submissions to follow-ups, payment processing, accounts receivables, patient invoices, and a lot more. Simply put, the medical billing company should be with you in every single step of your facility’s billing cycle.
Tip 2. Never Forget About Security.
Choosing a medical billing company does not stop when you find the one with the most potential. Remember, this company will handle sensitive patient and financial data. It is but imperative to find a company that ensures the security of these crucial data. Check the security system of the company. Take note of the processes they entail when it comes to protecting vital information. Your chosen company should protect all your critical data both in transit and at rest. Top companies often provide safe and billing processes that are HIPAA compliant to ensure the confidentiality of your data. Plus, they are regularly updated with the rules and regulations, so your practice will remain at a pace even with changing conditions
Tip 3. Go for a Company that is Adept in your Specialty.
Whether you specialize in gynecology, pediatrics, pain management, or nephrology, different medical specialties call for various coding and billing challenges. Meaning, it is essential that you look for a medical billing firm with expert coding in your line of specialization. They will have more knowledge of the requirements of your field for coding, proper documentation, compliance, and more. If you fail to go for firms with no expertise in your specialized field, coding inaccuracies is highly possible. In turn, claim denials are likely to happen, making it more challenging for you to hit your bottom-line goals.
Tip 4. Quick Customer Support.
Problems are expected to happen at some point. Thus, work with a coding and billing company that offers immediate customer support and responsiveness when necessary; this is particularly crucial when you level up from in-house billing to outsourcing and coding.
Finding the best medical billing companies in California all boils down into choosing the one that fits according to your practice. Make sure the company has expertise and experience in your field. The bottom line here is for both your practice and billing company to seamlessly work together.