(Newswire.net — July 15, 2020) — Running a busy healthcare facility involves many activities from attending to your patients to retaining your employees. You also have to ensure that you get your reimbursements on time. The last thing you want is to file out charts for billing.
Unfortunately, if you don’t deal with medical coding and billing, there will be no reimbursement. But the good thing is that there are professionals who are trained to handle this job for you. They will handle your medical coding solutions and billing.
Before you decide to outsource your medical coding and billing, here are some things you need to keep in mind.
1. Reputation
If you want to hire a medical coding and billing company for such services, then the first thing you should do is to narrow your list. In other words, you should only consider working with a suitable company. You can start by asking referrals from family, friends, and colleagues. Other doctors may also recommend you the coding companies they have worked with.
After getting the referrals, it’s upon you to do your own research to narrow down your options. From there, you can consult with the different companies to compare their services, pricing, etc.
2. Security
One of the most important things you should value in your practice is patient privacy. That’s because your patients not only trust you with their sensitive information but because you have to comply with federal and state privacy laws, as well as HIPAA regulations. Therefore, you must ensure that you hire a medical coding and billing company that takes security seriously.
3. Transparency
Even when you choose to outsource your medical coding and billing, you still want to follow up and know what’s happening. A reliable and professional company should provide you with regular updates and reports that show what they have been doing and where you stand with your claims. While you don’t have to micromanage, but you need to at least supervise the billing to ensure that they are handling it efficiently and on time.
4. Services the company is offering
You are hiring the medical coding and billing company because of the services they are offering to you. If they don’t offer the services you need, why would you hire them? At least, the company should provide guaranteed turnaround times of completing coding. You should also work with a firm that has experience. You may also want to know the additional services the firm is offering. Some companies can provide additional advisory and monitoring related to medical coding and billing.
5. Cost
Outsourcing your medical coding and billing is more economical than hiring an in-house team. Hiring an in-house team is associated with expenses such as training, salaries, and other benefits. You also have to pay for office space and supplies. But when it comes to outsourcing, the company handles all the expenses. You just have to hire a company that offers a payment plan that works for you, whether you want to pay a flat or monthly for their services.