Podiatry Billing Services
The ClaimCare Medical Billing Company has significant experience and expertise in podiatry billing that can generate a major increase in collections for your podiatry 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.
Medical billing outsourcing is a growing trend that medical practices and facilities are employing to level the playing field with insurance companies. Potential outsourcing options start with individual medical billers working from their home to medical billing companies with 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 podiatry, the requirements for medical 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 podiatry claims.
With podiatrists facing ever increasing costs they must insure that money is not being left on the table because they have a billing company that is not a podiatry billing expert. Podiatrists must also be aware that that many billing companies that claim podiatry billing expertise actually outsource their podiatry billing work to at home billers. Situations like this are fraught with risk since the remote workers are not working in a controlled and monitored environment.
Deep familiarity and comfort with podiatry procedures and terminology does not come from serving one or two podiatrists. Podiatry billing success requires both broad and deep expertise in order to collect all of the money owed the podiatrists 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 podiatry billing is the inability to properly track and pursue insurance underpayments. These underpayments cost most podiatrists 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.
The podiatry-driven difficulties of medical billing encompass patient billing also. A podiatrist's patient balance process is more challenging because most of the balances are quite sizable. Coupling this with the difficulties of explaining to a patient their complicated Explanation Of Benefits and the podiatry terminology on their bills drives the need for patient collection specialists that have a strong expertise in podiatry billing. If patients are not handles with care then podiatrists will see their patient collections fall and their patient complains rise - not a good combination.
To avoid all these billing related pitfalls podiatrists need to utilize medical billing companies like ClaimCare that have deep experience with podiatry billing.
To learn more about how ClaimCare Medical Billing Services can help your podiatry practice please fill out the form to the left or contact a local ClaimCare office.