While physicians go into the practice of medicine because they genuinely want to help people, that doesn’t mean medical facilities cannot or should not worry about their revenues. Medical billing is a vital aspect of running any kind of medical facility or medical practice. There are many things those working in billing must take into consideration to ensure they aren’t missing out on any potential revenue with their account receivable medical billing.
Understanding the Rules
There are numerous unspoken rules when it comes to working with A/R in the medical field. For example, you must know when to expect reimbursements from Medicare once clean claims have been filed. It’s also critical to know when to file claims. Filing them on the day of a service helps expedite reimbursement. Knowing the rules can help vastly reduce processing time with account receivable medical billing.
Engaging with Patients
Also important is knowing how and when to engage with patients in the medical billing process. Whether you work in a small practice or a larger medical facility, you are going to spend a lot of time interacting with patients regarding their billing, whether you are seeking a first-time payment or following up on a payment that has not been made after several attempts. It’s always a good idea to have hard and fast rules about how to handle and resolve billing issues when looking to decrease overall account receivable medical billing.
For more information on A/R management, you can contact the team at GeBBS Healthcare Solutions online.