Why Consider Hiring a Professional Medical Billing Company in Ohio
Apart from dealing with different patients, healthcare staff must coordinate with families. They must verify insurance eligibility and review the documented medical records. The staff is also responsible for performing medical billing, handling audits, reviewing fee schedules, and providing oversight for coding to ensure the financial health of their practice.
The process of medical billing must be performed without errors. When done by the experts, medical billing requires complete focus and expertise. This is the reason why in today’s world, countless healthcare practitioners are choosing to outsource their revenue cycle to specialists such as Unify Healthcare Services.
The first consideration before finding the best medical billing company in Ohio is that you are not alone who is facing trouble finding, retaining, and training medical billers and certified coders.
Let’s Dive Right to the In-House Medical Billing Problems, Shall We?
Old-Fashioned Method of Doing Things
When you as a healthcare provider, don’t have access to quality medical billing and coding and tools to enhance your productivity, there are no chances to upgrade. Your healthcare facility will be forced to consider the outdated way of carrying out the processes. To maintain a high percentage of clean claims and get a better flow of revenue, you require resources. When the billing process is carried out in-house, this is one of the biggest concerns.
Wrong Medical Billing Tools and Software
Not all the medical billing tools and software's are designed specifically for your business. This further increases the level of inefficiencies in your medical billing process. It is very important for you to consider all the facts about your healthcare facility and then move ahead with using tools and software for your revenue cycle management.
Handling Internal Staff is Expensive
There are various reports out there, which clearly state that building an in-house team of experts for your revenue cycle is expensive. It is so because you have to pay for all the expenses of the staff, including medical insurance, reimbursements, pay raises, etc. A third-party expert like Unify Healthcare Service, will not only do the administrative task for you but also help you improve your revenue cycle.
Poor Accountability and Negligence
Out of all the areas within the healthcare scenario, the one that demands undivided attention is medical billing. Still, this is an area where employee negligence, incorrect claim denials, and irrelevant bills, are all quite common.
The worst part is that no one can be held accountable because they don’t have any expertise in medical billing. And when there is a lack of responsibility and accountability, it becomes nearly impossible to handle the billing operations. You don’t have to worry because now you have the best medical billing company in Ohio in the form of Unify Healthcare Services. Now, your healthcare business can avoid dealing with legal issues and other errors in the entire process.
Errors in Coding
There are frequent changes which take place within the healthcare scenario. If the changes are not successfully implemented, it can lead to claim denials. There are various measures that can be taken to prevent errors, but it demands time. You need well-trained staff on the most recent ICD-10 coding updates and making sure that staff members communicate with doctors in case any issues arise in documentation.
Delays in Payments
Payment delays are often inevitable when healthcare providers rely on either customers or insurance companies for payments. With the advent of online payment methods like credit card payments, and other channels implementation can be challenging for some solutions.
Staying Updated with Information
It is an integral part of the billing process to verify people’s personal and insurance information. There might be cases where current software solutions are not sufficient, or the information becomes outdated. In such scenarios, numerous additional steps must be added to the process to obtain the correct information.
Constant Rise in the Cost of Technology
Even before you consider entering the healthcare sector, it is important to understand the costs associated with technology. It includes those for servers, workstations, software, and many more. When you consider buying even a simple computer server, it might cost a few thousand dollars in Ohio. In addition to that, getting medical billing software can be quite expensive. The best medical billing company in Ohio, Unify Healthcare Services, can eliminate all these additional costs and reduce your financial burden.
Benefits of Hiring an Expert Medical Billing Company in Ohio
Eliminates All Pain Points in Medical Billing
Various medical billing codes exist with ever-changing policies and procedures from the insurance providers. When you are associated with the best medical billing company in Ohio, it will save your facility a large amount of time and effort. Even in case of any complexity, they can be held accountable.
Increases Net Collections in the Long Run
The best medical billing company in Ohio, Unify Healthcare Services, can increase the net collections for healthcare providers. This growth is typically between 5-50%, depending on how many loopholes exist in the current revenue cycle.
Reduction in Overhead Costs
When you partner with the best medical billing company in Ohio, you will see a reduction in your cost structure which will positively impact the net revenue collected by you. It is a great idea to associate the expenses of the medical billing department with your net collections. It works well in scenarios when there is an uncertain patient volume, which is very common in most healthcare practices today.
Creates Accountability
In most scenarios, healthcare practitioners must ignore the mistakes and shortcomings in the medical billing process, because no one is held accountable. The in-house medical billing team gets pulled in various directions, and you must be satisfied with the mediocre results. When you have the best medical billing company in Ohio working for you in the form of Unify Healthcare Services, you get an accountable team of experts. There are no interruptions in your internal process and the scope of errors is minimized.
Reach out to the expert of Unify Healthcare Services to support the billing process of your healthcare facility and get served by the best medical billing company in Ohio.
