Plastic Surgery Billing Services
The ClaimCare Medical Billing Company has significant experience and expertise in plastic surgery billing that can generate a major increase in collections for your plastic surgery 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.
Outsourcing medical billing is growing in popularity as a method for addressing this remarkable loss of practice income. The range of outsourcing options runs from exceedingly large organizations to individual freelancers working from home to provide medical billing services.
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 plastic surgery, the requirements for plastic surgery 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 plastic surgeon's medical claims.
As the cost of providing surgery related healthcare services continues to rise, medical institutions and plastic surgery practices cannot afford to leave revenue uncollected by medical billing companies or freelancers that are not knowledgeable in plastic surgery billing. It is also important to keep in mind some billing companies may promote themselves as large plastic surgery billing service providers but in reality they sub-contract the plastic surgery 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.
Deep familiarity and comfort with plastic surgery procedures and terminology does not come from serving one or two plastic surgeons. Plastic surgery billing success requires both broad and deep expertise in order to collect all of the money owed the surgeon and successfully appeal claims which have been denied or answer questions the payers may have about a claim.
A typical shortcoming with medical billing services that do not specialize in plastic surgery billing is the inability to properly track and pursue insurance underpayments. These underpayments cost most surgeons about 10% of their potential income. If a medical billing company does not understand the multi procedure rules and have a system that can track underpayments (and does not flag every payment on a second procedure as underpaid), they will find it difficult to capture this lost revenue is a systematic manner.
These billing complications extend to the patient collections arena as well. The patient collection process for specialists like plastic surgeons is more complicated because of the large 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 plastic surgery 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 safest way for a plastic surgeon to navigate the medical billing land mines outlined above is to travel the surgery billing battlefield with a medical billing service like ClaimCare that has deep and proven expertise in traversing the plastic surgery billing hazards.
To learn more about how ClaimCare Medical Billing Services can help your plastic surgery practice please fill out the form to the left or contact a local ClaimCare office.