The Many Billing Challenges Faced By The Average Health Care Facility
Even the best health care facility may feel daunted by the reality of large medical bills, scores of unanswered calls to patients, and collection agencies. In short, money — and especially debt — can be a bummer. With medical coding and medical billing resources, doctors offices, physician practices, and hospitals can focus on what’s at the heart of their operations: patient care.
Here are just a few more things a reliable medical billing and coding company can spare medical facilities from:
The Debacle That Is Surprise Medical Bills
Unfortunately, health insurance materials can be somewhat elusive — with plenty of fine print, complicated charts, and dense language to sort through. Even worse, some misunderstandings can be almost entirely out of patients’ control. For instance, out-of-network medical personnel can come with a tremendous price tag, and — in an emergency situation — it is rare for doctors and patients to stop to talk about who is in-network or who isn’t. That’s exactly what happened to a woman in Santa Cruz, California. The patient, who prefers to go by Lisa only, ended up needing an epidural during the delivery of her baby. While an in-network anesthesiologist may have been covered by her insurance, there was only an out-of-network anesthesiologist available. And that anesthesiologist and epidural cost $3,000! These surprise bills affect one in three Americans to some degree every year.
Electronic Health Records Can Create Extra Work
In the average health care facility, electronic health records (EHRs) can speed up paperwork and streamline overall operations. That’s why 78% of small physicians’ practices were using them in 2013, and that number is only growing. In the billing department, EHRs can complicate things somewhat. There is increased need for tightened IT and security services to adequately protect these digital records; a third party company will have the most up-to-date security software and best means of protecting these documents, so you don’t have to worry.
Forty-six percent of doctors take Medicaid. Fifty-five percent of patients prefer an email or digital bill instead of a paper statement. With third party medical billing services, you don’t have to worry about these things, and you don’t have to worry about surprise bills or EHR security specifics, either.