PhysiciansPractice Members: Login | Register

  • Home
  • About Us
  • Today's Practice
  • Live
  • CME
  • Podcasts
  • Tools
  • Topics
  • Blog
  • Career
  • Coding
  • EHR
  • Finance
  • Malpractice
  • Patient Relations
  • Staff
  • Technology
  • Buyers Guide
  • Publication

Home » Topics

Physicians Practice. Vol. 17 No. 15
Pages: 1  2  3  
Previous
 

Technology: Sorting Out Your Billing

You deserve every reimbursable penny earned. But how to decide which technology is right for your practice so you can collect it all?

By Shirley Grace | October 1, 2007


Lower A/R, both in age and amount — Expect most of your claims to come back within 30 days. “Blue Cross is our best payer — typically seven days,” says Fowler. “That makes my books look awesome.”

Trickle-down cleanup — Your billing solution or service can “learn,” so to speak. “If the ZIP doesn’t match the state, PayerPath will flag it as invalid. Then we can go back to our practice management system and fix it,” says Vitug. With increasingly more robust edits on the front end, you’ll get more and more squeaky-clean claims ready for submission, or “low-hanging fruit,” as Lewis describes it. You won’t be able to completely eliminate denials, but you’ll be able to fix them sooner and faster. Shah says, “If my docs pick a code which is not at the highest level, the code scrubber runs behind the scenes, picks it up, and drops it into a ‘bucket.’ We have one or two people assigned to clean up these claims. With the old system, this would put us behind 60 to 90 days. Now, it’s in the bucket immediately.”

Better patient care — Improved claims processing will directly affect your patients, eliminating the insurance eligibility game that your front-office staff currently has to play. They’ll know instantly whether the insurance info on the card is valid. Moreover, Web-based software will check patients’ copays. “We don’t have paperwork, and we don’t have to worry about handing it all to a clerk at the end of the day,” Shah says. “You have a clean bill submitted electronically while the patient is still in the parking lot.”

Compliance watchdog — Practices need all the help they can get to stay abreast of changes to healthcare regulations — handy in a business where the rules shift more often than a viral flu strain.

Happier staff — Expect a more relaxed atmosphere. Now there’s time to do what you need to do, so who wouldn’t be happier? “We now try to concentrate on fee schedule changes, compliance, and helping indigent patients,” says Cottrell. When’s the last time you took a look at your payer contracts? Your budget? Job descriptions? Mission statement (you have one, right)? With the pressure off, thanks to a good billing solution, you can direct your focus to these important but often neglected issues.

Fowler found he was able to realign some duties that pleased his staff. The receptionists now do the precerts — and with the billing application it’s a breeze. “And I tell the nurses they don’t have to know any coding, but they do have to mark the right vaccine.” A clearly laid out work flow also eases tension, says Shah, and increases staff morale; everyone knows what to do and when to do it. “If you have a system that forces you to do the next step before moving on to the next patient, you’ll get it done.”

Final considerations

Are you comfortable with the idea of entrusting an important part of your business to someone else? “Control is a major issue,” says Lewis. “If it’s my business and my practice, I’d think long and hard before relinquishing control.”

Fowler concurs, and also suggests that perhaps less is more, noting that “healthcare has created so many ‘little children,’ or ‘in-betweens,’ providing services.” Will adding this layer benefit you? Southeast New Mexico says yes. Village Pediatrics says no. Fowler (of Village Pediatrics) is the only biller for the two-provider, one-nurse practice. He single-handedly processes 500 claims a month. But with the practice growing as fast as the kids they treat (they opened just 18 months ago with zero patients), they may need to revisit their billing protocols soon.

Remember, the most important aspect of a billing solution is whether you actually make use of its capabilities once you have it. “What groups need to think about is how can they grow and [still] have the same amount of staff,” Navicure’s Craig Bridge says. “Employees want higher wages and insurance companies are lowering reimbursement rates. So you have to find a tech solution. If you’re not willing to use it, you won’t get the benefits.”

Shirley Grace, senior writer for Physicians Practice, holds an MA in nonfiction writing from The Johns Hopkins University. Her articles have appeared in numerous publications, including The Washington Post and Notre Dame Business magazine. She can be reached at sgrace@physicianspractice.com.

This article originally appeared in the October 2007 issue of Physicians Practice.

Pages: 1  2  3  
Previous
 

Add your own comment

A billing service:

  • Offers peace of mind that experts are handling your billing issues;

  • Allows billing staff to concentrate on less routine matters;

  • Helps to pinpoint overlooked data gaps or procedural anomalies;

  • Serves as a compliance watchdog for any changes in healthcare regulations;

  • Provides extra support if you face unexpected problems; and

  • Allows you to avoid the expense of procuring additional staff or technology components.

    Some factors to consider before choosing a billing service are:

  • A long learning curve on the billing service side to become comfortable with your practice’s routines;

  • A need to change some habits within your practice to make the relationship work; and

  • Cost — fees can run as high as 8 percent of your claims revenue.

    An electronic billing solution (either installed or Web-based):

  • Gives you remote access to your system at any time (if Web-based);

  • Allows you to reap the benefits of the billing software vendor’s expertise (i.e., effective front-end edits, regulation changes, payer relationships), while retaining control of your own data and procedures;

  • Gets you up and running quickly — see results in 30 days;

    Either method will:

  • Lower your A/R quickly, both in age and amount;

  • Reduce or even eliminate your denials;

  • Help clean up your data for future cleaner claims;

  • Allow you to offer better patient care; and

  • Cultivate a happier work environment.







  • Topic Index

    Best States to Practice
    Career

    Coding
    Classifieds
    EHR
    Finance
    Law & Malpractice

    Patient Relations
    Patient Dismissal
    RVU/Relative Value Units
    Staff Management
    Staff Salaries
    Technology
    All Topics

     

    -- Advertisement--

    FixIt

    Decisions, Decisions: Your IT Shopping Checklist
    Medical Practice Management Technology Resources
    Lab Tracking Tool
    Calculate EMR ROI


    • On This Site
    • Most Emailed
    • On This Topic

    MostPopular

    • The Best States to Practice: America’s Physician-Friendliest States

      FEB 1 2007 PHYSICIANS PRACTICE READ >>

    • What Should You Pay Staff?

      JUL 14 2010 PHYSICIANS PRACTICE READ >>

    • Solving Your 9 Biggest Billing Blunders

      APR 30 2010 PHYSICIANS PRACTICE READ >>

    • Coding Questions? We’ve Got the Answers

      JUN 1 2010 PHYSICIANS PRACTICE READ >>

    • Coding Questions? We've Got the Answers

      NOV 14 2003 PHYSICIANS PRACTICE READ >>

    MostPopular

    • Solving Your 9 Biggest Billing Blunders

      APR 30 2010PHYSICIANS PRACTICE READ >>

    • What Should You Pay Staff?

      JUL 14 2010PHYSICIANS PRACTICE READ >>

    • How to Deal with Grouchy Patients

      AUG 18 2010PHYSICIANS PRACTICE READ >>

    • Preparing for the ICD-10 Transition

      AUG 20 2010PHYSICIANS PRACTICE READ >>

    • Using Social Networking as a Marketing Tool

      AUG 31 2010PHYSICIANS PRACTICE READ >>

    MostPopular

    • The Best States to Practice: America’s Physician-Friendliest States

      FEB 1 2007 PHYSICIANS PRACTICE READ >>

    • What Should You Pay Staff?

      JUL 14 2010 PHYSICIANS PRACTICE READ >>

    • Solving Your 9 Biggest Billing Blunders

      APR 30 2010 PHYSICIANS PRACTICE READ >>

    • Coding Questions? We’ve Got the Answers

      JUN 1 2010 PHYSICIANS PRACTICE READ >>

    • Coding Questions? We've Got the Answers

      NOV 14 2003 PHYSICIANS PRACTICE READ >>


    SponsoredWhitePapers

    EMR Mythbusters
    - Nuesoft Technologies

    Investing in Patient Education — The Benefits for Your Patients and Your Practice
    - Krames

    A Beginner’s Guide to Selecting an EHR
    - Welch Allyn

    EMR Readiness: The R-Factor
    - GE Healthcare

    View All

     

    CancerNetwork | ConsultantLive | Diagnostic Imaging | Psychiatric Times | Physicians Practice | SearchMedica

    © 1996 - 2010 UBM Medica LLC, a United Business Media company
    Privacy Statement - Terms of Service - Advertising Information - Editorial Policy Statement


     
    ADDITIONAL ONLINE RESOURCES FROM UBM MEDICA
    Featured Resources > Psychiatry Careers > Practice Management Conference > Today's Practice - Practice Management Resource > RSV Information > EHR Resources
    CancerNetwork > Cancer diagnosis, treatment, and prevention > Podcasts for Oncologists > Cancer Patient Resources > Oncology Areas of Confusion > Oncology News > Cancer Management Handbook > Breast Cancer Resource > Bone Metastases > Chronic Myeloid Leukemia
    Consultant Live > Diabetes Resources > Pediatric Asthma > Practical Clinical Advice > Medical Photoclinic > Diagnosing and Treating H1N1 flu (swine flu) > Primary Care Conference Reports > Community Acquired MRSA
    Diagnostic Imaging > Medical Imaging News and Features > Medical Imaging and Radiology White Papers > Radiology Conference Reports > Radiology Special Reports > Radiology Net Seminars > Imaging Trends and Advances > RSNA 2009 Conference Coverage > Radiology Vendors
    Psychiatric Times > Psychiatric News and Special Reports > APA Conference Report > Psychiatric Clinical Scales > Psychiatric Times Blog > Psychiatry Career Opportunities > DSM-5 > Major Depressive Disorder
    Physicians Practice > Practice Management > EMR Software > Medical Practice Management Software > Medical Buyers Guide > Medical Coding > Practice Management Blog
    SearchMedica > Professional Medical Search Engine > Medical Search Tips Newsletter > Medical Search News > Diabetes Research and Articles
    Musculoskeletal Network > Muscle, Bone, Joint Medical Resources > Rheumatoid Arthritis Resource Center
    The AIDS Reader > HIV News, Treatment, and Diagnosis for Medical Professionals
    CME LLC > Continuing Medical Education > Psychiatry CME > Oncology CME > Practice Management CME > Primary Care CME > Psychiatric Congress > Performance Improvement CME > Treating the Whole Patient (TWP) — The Mind-Body Connection
    More Resources > Consumer Healthcare Information > Patient and Caregiver Resource > Search drug information, interactions, images & diagnosis > Infectious Diseases > Respiratory Disease