Every business owner wants more time. There is not enough time in a day to do all that you need to do. In fact, medical billing is usually a time consuming headache for most drug and alcohol rehabilitation centers. Outsourcing your billing to a company that handles this type of coding may be a good option for your business. If you are looking to save both time and money, then this may be a good option for you.
In order to get paid on your claims from insurance companies, you are going to have to document everything. A good coder today will document everything about your client. Insurance companies today want to know how much progress your client is getting for what they are giving you a payment for. Many treatment centers today claim to give clients their best services. Insurance companies may not see your treatment as being necessary and therefore may not pay you. If you send a claim in to the insurance company for $30,000 for 30 days of treatment, they will often give you $10,000 for many different reasons. In order to combat this, a person with lots of experience must handle your coding.
When you outsource your medical billing to a company, they work hard for you. In order to keep you as a client, they know that they must make you happy. If you are not happy with them, then you will most likely fire them. They often charge you between 4% and 10% for their service. This may or may not work for you depending on how much money they can get for your rehab. Alcohol rehabs are expensive to run. You need to pay employees from all walks of life to work for you and for various reasons. If your treatment center is not profitable, you could be losing money each week and thus your business will eventually be shut down.
Are you prepared for the year 2016 and beyond? The new codes have changed the billing industry forever. Alcohol rehabs and billers must work side by side in order to be successful. A good biller must know what is happening with each client and document it to the insurance companies. Finding the right codes is always a challenge and it often takes a person with a master's degree to understand the difference. You can be successful if you take the time out to see what your billers are doing.
Outsourcing your billing works for many treatment centers these days. The main reason is that these coding companies have been training for ICD-10 for over 2 years. You're in house staff may not be trained or equipped to handle these longer codes and therefore it will keep you from getting paid. You may have to wait longer than 90 days to see a check from an insurance company today if you don't know what you are doing. Having a staff around you that knows what they are doing makes complete sense.
In order to get paid on your claims from insurance companies, you are going to have to document everything. A good coder today will document everything about your client. Insurance companies today want to know how much progress your client is getting for what they are giving you a payment for. Many treatment centers today claim to give clients their best services. Insurance companies may not see your treatment as being necessary and therefore may not pay you. If you send a claim in to the insurance company for $30,000 for 30 days of treatment, they will often give you $10,000 for many different reasons. In order to combat this, a person with lots of experience must handle your coding.
When you outsource your medical billing to a company, they work hard for you. In order to keep you as a client, they know that they must make you happy. If you are not happy with them, then you will most likely fire them. They often charge you between 4% and 10% for their service. This may or may not work for you depending on how much money they can get for your rehab. Alcohol rehabs are expensive to run. You need to pay employees from all walks of life to work for you and for various reasons. If your treatment center is not profitable, you could be losing money each week and thus your business will eventually be shut down.
Are you prepared for the year 2016 and beyond? The new codes have changed the billing industry forever. Alcohol rehabs and billers must work side by side in order to be successful. A good biller must know what is happening with each client and document it to the insurance companies. Finding the right codes is always a challenge and it often takes a person with a master's degree to understand the difference. You can be successful if you take the time out to see what your billers are doing.
Outsourcing your billing works for many treatment centers these days. The main reason is that these coding companies have been training for ICD-10 for over 2 years. You're in house staff may not be trained or equipped to handle these longer codes and therefore it will keep you from getting paid. You may have to wait longer than 90 days to see a check from an insurance company today if you don't know what you are doing. Having a staff around you that knows what they are doing makes complete sense.
About the Author:
Our business gives a unique medical billing service that assists rehabilitation places to earn a lot of money each month. Our medical billing business has clients in the field of rehabs, hospitals and doctors office. When you outsource your work to us, we get you a higher return and faster payments. The services that we offer are for all 50 states and you can find us in new york.