Management Consulting - Clarksburg, MD, US
Medical and Dental Practices struggle with billing and insurance reimbursements. Often, there is a strain on resources while outstanding claims continue to grow out of control. In fact, this is one of the primary reasons that practices suffer financially, it isn't lack of patients, but lack of collections.There are a few key strategies and processes that practices need to put in place in order to maximize reimbursement claims:➀ Eligibility and benefits verification prior to a patient visit is essential to get paid. Although this is standard practice, many don't verify coverages for specific treatments, ultimately creating a denied claim and loss of revenue… and an unhappy patient.➁ Correctly filing claims the first time is vital. Inaccuracies in patient data or the claim itself can result in payment delays and even adds an additional risk of claim denials.➂ Diligent A/R follow-up with insurance companies is paramount to maximizing reimbursements. Insurance companies, by design, are looking for reasons not to pay claims, and it takes dedicated follow-up to ensure that all outstanding claims are paid.The average phone call to an insurance company can take anywhere from 30-45 minutes, which can create a huge drain on office resources. Unless there is a dedicated person focusing on your outstanding claims, chances are that you are leaving significant money on the table.As a leading billing support services company, Zyncorp helps physicians, Dental practices and medical billing service providers, enhance and streamline revenue related business processes.We leverage the latest in technology along with the top talent to deliver the best possible services to our clients at the most competitive price.➤ If you have outstanding claims that are over 60-days due, I invite you to have a conversation. Whether or not we decide to work together, I can offer insights that can help you collect on your accounts receivables.info@zyncorp.com | (888) 528-9708
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