Download
1 / 15
150 likes | 152 Views
Deciding on a vendor requires a lot of research. But asking the vendors for certain specific information can make the task a lot easier. Similarly, medical billing is also a very crucial process that requires time, dedicated staff, knowledge and accuracy.. Associating with a reputable and professional medical billing company can resolve a lot of billing issues and provide results.<br><br>
E N D
Are you looking for Medical Billing Company? MGSI LLC – Medical Billing Company
Abstract • Facts to Validate • How to choose the Right Medical Billing Company? • Value for Money • Some Questions to Ask Before Hiring a Medical Billing Company • Importance of Technology • Offer Complete Transparency • About us MGSI LLC – Medical Billing Company
Facts to Validate • Deciding on a vendor requires a lot of research. But asking the vendors for certain specific information can make the task a lot easier. • Similarly, medical billing is also a very crucial process that requires time, dedicated staff, knowledge and accuracy. • Associating with a reputable and professional medical billing company can resolve a lot of billing issues and provide results. MGSI LLC – Medical Billing Company
At present, one may come across a wide array of large-scale medical billing companies. This has also made the healthcare industry more complex and competitive with every passing day. • A practitioner or a healthcare organization needs to know what they require and should expect from a billing company and must compare all the offerings from different billing companies. • Medical billing requires skilled employees, sophisticated technology and constant vigilance. MGSI LLC – Medical Billing Company
How to Choose the Right Medical Billing Company? • One needs to know the difference between a dubious medical billing company and one whom they can trust with the patient’s medical information. • Insist a vendor offers a business associate agreement to maintain PHI security and overall HIPAA compliance. • With the right billing company, a practitioner can significantly reduce their time spent on billing issues and can focus more on patient care. • The below mentioned points will help one understand how to choose the perfect billing company. MGSI LLC – Medical Billing Company
Value for Money • An experienced, end-to-end medical billing company consists of professional billers and advanced revenue cycle management experts. • There is a cost and value associated with end to end medical billing & collections. • Some vendors offer a reduced rate, however, there are limitations attached along with additional hidden costs. • Making a decision on cost alone is not enough. MGSI LLC – Medical Billing Company
Some Questions to Ask Before Hiring a Medical Billing Company • Company’s total years of experience • How many people are assigned for the account? • What kind of training does the staff have? • Do they have certified coders? • How many years of experience in your specialty? • How HIPAA compliant are you? • Do you have a compliance plan? • Do you have any professional affiliations? MGSI LLC – Medical Billing Company
Can you provide references? • Who owns the billing data? • Do they offer denial management? • Can they keep track of and make analysis of your “rejected claims’’? • Will your organization alert me about contract issues? • What type of reports will you receive? • Are there billing follow up items which they do not handle? • Can they add value with their Fee Scheduling knowledge? • Would they assist in Credentialing with a specific payer? MGSI LLC – Medical Billing Company
Importance of Technology According to analysis, a lot of independent physicians utilize an integrated practice management, and EHR software. Does the billing company vendor: • Do you provide a cloud based practice management software? • Do you offer an integrated EMR? • Are your processes mostly electronic? • What kind of data backup and recovery procedures do they follow? MGSI LLC – Medical Billing Company
Offer Complete Transparency • Experienced and highly qualified medical billing companies use enhanced cloud-based systems, where one can expect 24/7 access to any claim or any data. • As well as real time data. Through the software, one can have easy access to payments, charges, adjustments, write-offs, posted payments and more. • Transparency allows for: • Summary of the charges • Summary of the payments MGSI LLC – Medical Billing Company
Aging Summary (AR) • Aging claims by the insurer • Summary of adjustments, which includes defined write offs, contractual adjustments and refunds • Procedure analysis • Denial reasons You get what you pay for. Lower rates aren’t always the better option, and a lower fee of your bottom line doesn’t always save the practice money? MGSI LLC – Medical Billing Company
About US • MGSI is the best medical billing company in Florida. • We Provide various billing services such as • Radiology Billing Services • Cardiology Billing • Anesthesia Billing • Physician Billing Services • Denial Management • Insurance Eligiblity Verification • Physician Practice Management • Reveuce Cycle Management • AR Follow Ups etc. MGSI LLC – Medical Billing Company
Contact us • For more information, • Please contact MGSI at +1-877-896-6474 • Email us: info@mgsionline.com • Check our website: www.mgsionline.com MGSI LLC – Medical Billing Company
