Dialysis Billing Services
The ClaimCare Medical Billing Company has significant experience and expertise in dialysis billing that can generate a major increase in collections for your dialysis center. Medical billers and medical billing services are the financial backbone of a medical facility. Facilities that do not have the right medical billing expertise in their corner can easily lose more than 20 percent of their potential revenue.
Outsourcing medical billing is growing in popularity as a method for addressing this remarkable loss of income. The range of outsourcing options runs from exceedingly large organizations to individual freelancers working from home to provide medical billing services.
Medical billing is a highly complex area and it requires experience-based knowledge and expertise to contend with insurance companies. When it comes to dialysis billing, the situation gets even more complex. Such complexity can be handled only by a company that is staffed with well trained dialysis billing professionals. The medical billing specialist must be familiar with the specific codes and rules that make up the world of dialysis billing.
The choice of an experience medical billing company has become all the more important for dialysis as cost rocket upwards. With margins shrinking centers must be confident that their medical billing service is collecting every dollar the owed. Selecting the proper medical billing service is made all the more difficult by the fact that many medical billing companies claiming to be experts in billing for dialysis centers actually do not do the billing themselves, but outsource the work to other vendors that are based in India or work from their homes.
One of the major drawbacks of hiring a medical billing company that does not specialize in dialysis billing is their lack of familiarity with the procedures and the terminologies used. Even if the medical billing company serves one or two centers, they will lack the depth and breadth of expertise required for successful dialysis billing. Moreover if the hired company does not specialize in billing for dialysis, then they will not have the expertise to effectively appeal denied claims, answer questions raised by the insurance companies or deal with the intricacies of understanding dialysis preauthorizations.
Good dialysis billing requires the ability to track underpayments. This 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 center'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 dialysis is more complicated because of the large patient balances often owed and the complexity of the EOBs that must be explained to patients that do not understand their bills. A medical billing service with expertise in billing for dialysis 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.
To avoid all these billing related pitfalls dialysis centers need to utilize medical billing companies like ClaimCare that have deep experience with dialysis billing.
To learn more about how ClaimCare Medical Billing Services can help your dialysis center please fill out the form to the left or contact a local ClaimCare office.