All medical practices rely on their medical billing system to generate revenue from the services that they provide. Medical billing issues can impair the ability of a practice to collect money that is owed to it, and in turn, hamper the ability of the practice to grow. Understanding some of the more common medical billing problems can help practices find solutions for them before revenue is affected.

Improper, or incomplete, filing of a patient’s insurance information, as well as personal information, can in claims being denied. It is critical that a practice asks all the right questions to ensure that payment for a patient’s visit can be collected. After the information has been collected, it needs to be verified and immediately inputted into the practice’s medical billing system.

Recent changes within the health insurance industry have resulted in a significant shift towards insurance premiums having higher deductibles. This has resulted in patients being responsible for a higher percentage of medical bills than they were in the past. Unfortunately, many practices have not adapted to this change. This results in patients receiving bills that are a lot higher than what the quote was from the practice. Patients are a lot less likely to pay their bill promptly if it is higher than what they were expecting.

Better collections can result when the practice takes the time to research what various insurance providers pay, determine what the patient’s responsibility is going to be, and ensure that front office staff is trained to provide accurate quotes. Bills need to be easy to read and reflect the quote that was provided. Practices that provide their patients with accurate quotes, instead of surprise bills, are much more likely to receive payment from their patients. Better billing practices also ensure patient loyalty.

The process of filing health insurance claims is very complex and evolves constantly. When an inefficient claims management process is used this can result in wasting staff time and more claims being denied. Usually, inefficient processes involve outdated automated systems or manual medical billing. <a href=”https://www.progressusrevenue.com/”>Medical billing software or outsourcing</a> can help to make a claims management process more efficient.

One of the most common reasons why a claim is denied is medical billing errors. Medical billing errors can also make it more likely for a medical practice to be flagged for audits and can potentially cost a medical practice money if the claims were paid on erroneous codes. Many codes have changed recently and the catalog of codes that needs to be applied is much larger. Therefore, to ensure the accuracy of medical billing, automated medical billing is a good idea.

When medical billing software is implemented it can help practices overcome numerous billing problems. Call or contact Progressus Revenue today for a free audit of your practice, and to see how we can help grow your revenue with our medical billing services.