Urology Billing Services
The ClaimCare Medical Billing Company has significant experience and expertise in urology billing that can generate a major increase in collections for your urology 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.
Medical billing is a highly complex area and it requires experience-based knowledge and expertise to contend with insurance companies. When it comes to urology billing, the situation gets even more complex. Such complexity can be handled only by a company that is staffed with well trained urology billing professionals. The medical billing specialist must be familiar with the specific codes and rules that make up the world of urology billing.
As the cost of providing urology related healthcare services continues to rise, medical institutions and urology practices cannot afford to leave revenue uncollected by billing companies or freelancers that are not knowledgeable in urology billing. It is also important to keep in mind some billing companies may promote themselves as large urology billing service providers but in reality they sub-contract the urology 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.
One of the major drawbacks of hiring a medical billing company that does not specialize in urology billing is their lack of familiarity with the procedures and the terminologies used. Even if the medical billing company serves one or two urologists, they will lack the depth and breadth of expertise required for successful urology billing. Moreover if the hired company does not specialize in billing for urology, then they will not have the expertise to effectively appeal denied claims or answer questions raised by the insurance companies.
A company that does not encompass a wide range of urology billing experience will find it difficult to track underpayments since multiple procedure rules and urology procedures have significantly more complicated contractual adjustments than a typical family doctor or internist's claims. In addition, the billing software and system design of many billing companies will often be insufficient for the more complicated requirements of reporting and insurance follow-up required in billing for urology practices.
It is not only insurance billing that is more complicated for urology; patient billing is also more difficult. The patients often have high balances, complicated explanations from their payers and do not understand all of the invoices they are receiving from their urologist. A billing company that has strong urology billing experience has spoken with patient about such statements many times before. A less skilled patient collection effort could leave the urologist with less money and unhappy patients.
To avoid all these billing related pitfalls urologists need to utilize medical billing companies like ClaimCare that have deep experience with urology billing.
To learn more about how ClaimCare Medical Billing Services can help your urology practice please fill out the form to the left or contact a local ClaimCare office.