BENEFITS OF AUDITING YOUR MEDICAL BILLING EXPENSES

1. BENEFITS OF AUDITING YOUR MEDICAL BILLING EXPENSES http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

2. BENEFITS OF AUDITING YOUR MEDICAL BILLING EXPENSES http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

3. BENEFITS OF AUDITING YOUR MEDICAL BILLING EXPENSES In any business across industries, auditing plays an important role. It acts as an excellent tool for ensuring proper revenue management cycle, adhering to regulations and laws, to identify the scope of improvement in the internal processes. This is definitely true when it comes to physicians, particularly with medical claims. Dealing with medical claims is quite complicated and costly if not well-managed. Some factors that medical claims may require audits are finding errors in medical billing, finding methods for improving recovery opportunities, and ensuring a medical practice is adhering to the recent compliance regulations governing medical claims. Types of medical claim audits Random Sample audit Comprehensive audit Hybrid audit http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

4. BENEFITS OF AUDITING YOUR MEDICAL BILLING EXPENSES Random Sample audit In this audit, claims are picked according to the insurance money covering both large and small claims are audited. It throws more focus on the dollar amounts rather than the number of claims involved. A random audit does not get you money refunds from insurers directly but can help to move to a comprehensive auditing review. Comprehensive audit This audit has a more immense scope and looks at a group of audited clams prior, both electronically and manually. It gets you to claim refunds from claims administrators, which is the comprehensive audit’s ultimate objective. Hybrid audit A hybrid audit is the combination of random sample audits and comprehensive review audits that achieves the results of both factors, such as the recovery of money and compliance to regulations. Moreover, it focuses on the quick recovery of over payments http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

5. BENEFITS OF AUDITING YOUR MEDICAL BILLING EXPENSES Benefits of a Medical claims audit Reducing and preventing improper payments Ensuring claims are submitted accurately Enhancing patient care Reducing the chances of external audit Instant feedback on staff performance Cost-benefit and compliance Conclusion: All your internal audits can be made easy by partnering with 24/7 Medical Billing Services, one of the leading medical billing and coding outsourcing partners. You need not break your head on documentation and other audits related work, since we handle your patients’ data highly secured. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

6. About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice. Contact us - 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537