Gastroenterology Billing Services
The ClaimCare Medical Billing Company has significant experience and expertise in gastroenterology billing and endoscopy billing that can generate a major increase in collections for your practice. Medical billers and medical billing services are the financial backbone of a medical practice. Practices that do not have the right medical billing expertise in their corner can easily lose more than 20 percent of their practice's potential revenue.
As physicians are taking into consideration the use of medical billing services to stop the hemorrhaging of cash from their practices, they are faced with a broad range of options. On the diminutive end of the spectrum are home-based medical billers. On the opposite end of the spectrum are medical billing companies that employ hundreds of medical billers and have thousands of clients.
In thinking through the billing options available, it is essential to understand that medical billing is complicated and requires deep expertise and expansive experience. When a specialty is involved, such as gastroenterology, the requirements for gastroenterology billing success become even harder to obtain. Success requires that the medical billing company have a team that is knowledgeable in the complex rules utilized by insurance companies to judge medical claims for gastroenterology.
As the cost of providing gastroenterology related healthcare services continues to rise, medical institutions and gastroenterology practices cannot afford to leave revenue uncollected by billing companies or freelancers that are not knowledgeable in gastroenterology billing and endoscopy billing. It is also important to keep in mind some billing companies may promote themselves as large gastroenterology billing service providers but in reality they sub-contract the gastroenterology billing to freelancers who work from home. Hiring such companies will lead to lost revenue because of the lack of proper process, controls, and training.
A key battle ground in the struggle to collect all of the money due a gastroenterologist is appealing denied claims and answering extremely specific and technical questions about procedures and diagnoses. Success In this arena requires significant experience, the kind that is only gained from serving many gastroenterologists for several years.
Good gastroenterology billing and endoscopy billing require the ability to track underpayments. This requirement often exceeds the capabilities of the billing software used by many billing companies. This is a critical failing since proper pursuit of underpayments can increase a gastroenterologist's collections by 7 to 10 percent.
These billing complications extend to the patient collections arena as well. The patient collection process for specialists like gastroenterology is more complicated because of the larger patient balances often owed and the complexity of the procedures/EOBs that must be explained to patients that do not understand their bills. A medical billing service with expertise in billing for gastroenterology knows how to deal with these situations. Billing services without such experience will increase the risk of both lower patient collections and upset patients confused about their bill.
The bottom-line: It is not worth the risk for a gastroenterologist to use a billing company that does not focus on gastroenterology billing and endoscopy billing.
To learn more about how ClaimCare Medical Billing Services can help your gastroenterology practice please fill out the form to the left or contact a local ClaimCare office.