The Ultimate Guide to Choosing a Claim Submission Company Near Me

06/21/23 • 2 min

Are you looking for a local claims submission company that you can trust? Click here for the ultimate guide to choosing a claim submission company near you. 29 percent of medical claims are denied with $0 paid. More than 50% of these claims are never reworked and reworking a denied claim costs your practice. Outsourcing medical claims submission can help reduce the incidence of rejected claims and save you money. But how do you choose the right company? Keep reading for our ultimate guide to choosing a claim submission company you can trust. Get On the Same Page About Communication One of the biggest concerns practices have about outsourcing medical claims to a claims submission company is that they won't have good communication. Outsourcing claims submission makes it more challenging to communicate and ask questions, especially when you need a quick response. When you're choosing a claim submission company, be sure to ask what you can expect as far as communication goes. Ask how quickly they respond to calls, emails, questions, and requests. If you need an answer right away, will they be there? The right claim submission company will make sure you know you can trust them with submitting a claim and communicating with you about any issues. Look for Relevant Experience If you have a specialty practice, you want to make sure the claims submission company you use has experience with that specialty. Some medical claims companies can handle multiple specialties and some focus on just a single area of practice. It's up to you to decide whether you want to go with a company that handles multiple fields or just one, but whoever you choose should have experience in your specialty area. Ask About Rejected Claims Rejected claims are a huge problem for healthcare practices and it's reasonable to be skeptical about handing that responsibility over to someone else. Rejected claims can cause significant revenue loss and many medical billers fail to edit and resubmit claims that have been rejected. When you're considering a claim submission company, you need to ask them how they handle rejected claims. What is their process for resubmitting rejected claims? You should be able to trust your medical claims submission company to do everything they can to get you the money you deserve. You can even ask them about their rejection rate. A low rate of rejected claims is a good sign that they are coding and billing correctly. Research Reviews When you purchase any product or service, you should do some research to make sure you're making the right choice. When it comes to medical claim submission companies, you can learn a lot by looking online for reviews. Search for reviews from current and former clients to learn more about a company's reputation. You can even ask them directly for references and testimonials from happy clients. Do You Need Help With Claim Submission? If your practice is looking to outsource claim submission, you've come to the right place. When you outsource medical claims, you free up resources so you can focus on providing a better patient experience. You'll also reduce the risk of billing and coding errors and rejected claims. EL Medical Billing Solutions is just a phone call away. Click here to contact us today for a consultation to learn more about what we can do for your practice.

Previous Episode

5 Ways to Make Your Healthcare Practice More Efficient

Are you wondering how you can change your ways to make your practice run better? Check out these five ways to make your healthcare practice more efficient. A report in 2019 found that 44% of physicians had symptoms of burnout, and much of this was due to an inefficient workflow. To avoid this and make your healthcare practice efficient long-term, you need to focus on updating your technology and outsourcing some of your key processes. Keep reading this guide to learn five ways to make your medical practice operations run more efficiently! 1. Outsource Your Medical Billing and Coding Remember, your healthcare practice operations rely on efficient and accurate coding and billing of all medical claims. Medical coding can be time-consuming, complex, and expensive when you rely on in-house staff. Professional medical billing companies are experts and will ensure your claims are accurately submitted and provide countless benefits to your practice, including: Using certified professionals reduces medical billing errors It saves you money on maintaining billing software and supplies Improves your cash flow as there won't be interruptions due to staffing Improves your patient satisfaction as you'll have fewer billing issues Using professionals guarantees compliance with current coding regulations You'll also get detailed records and performance reports. As a result, you'll get an excellent overall picture of how your practice operates and better insights on how to make further improvements. 2. Invest in Secure Messaging Systems Secure communication systems can take your healthcare clinic to the next level. You can easily modernize services such as: Online appointment scheduling Automated appointment reminders Secure online prescription requests Your staff won't be overrun with constant phone calls, and thus will be able to focus on other tasks more efficiently. You'll also be able to delegate certain times to address the incoming messages you've gotten during the day. 3. Take Your New Patient Paperwork Process Online Your next step to efficiency is getting your new patient paperwork online. Having your patients fill out the paperwork when they arrive wastes time and delays your daily appointments. Even if only half of your patients go online to complete this paperwork, you're still saving time and money since you make your days more efficient overall. 4. Update Your Inventory Practices Keeping track of inventory needs can be a huge drain on the efficiency of your healthcare office. You likely have inventory in different exam rooms, storage closets, and your office area. This makes getting an accurate assessment of your inventory on hand not only difficult but a hassle for your employees, too. Once you switch to inventory management software, you'll get automatic alerts when your stock is low or expiring. It's an easy way to reduce unnecessary spending and boost productivity. 5. Invest In Employee Wellbeing Your employees make or break your medical practice, and team-building activities like weekly lunches are key to your practice's efficiency. It's also well worth the investment to give your employees a peaceful place to relax and re-energize during the day. Some quick ways to do this include: Bring old books and magazines Have chairs or a sofa for lunchtime power naps Provide yoga mats for meditation Consider a diffuser with lavender to promote relaxation Have dim lighting so employees can rest Install a coffee station You can also send out a survey to see what your employees would li

Next Episode

3 Benefits of Outsourcing Your Medical Billing and Coding

Are you debating on outsourcing your medical billing? Click here for three awesome benefits of outsourcing your medical billing and coding. Did you know that approximately 80% of all medical bills contain errors? This is usually due to incorrect coding, duplicate charges, or incorrect numbering. Medical billing and coding can be a time-consuming and expensive process. Relying on your own staff has its challenges, and finding experienced coders can sometimes seem like an impossible task. Outsourcing your medical billing has more benefits than you realize and will give your practice the boost it needs. Keep reading this guide to learn three fantastic benefits of outsourcing your medical billing and coding! 1. Access to Certified Coding Specialists Medical coders are required to keep up to date with regulations, medical coding software systems, and best coding practices. They also must keep their certifications current and complete continuing education courses. You'll also have expert help when you're dealing with medical billing errors and claim denials. These companies also work to ensure you get maximum reimbursement when claims are filed. Keeping up with medical coding updates is also a huge time investment. Often a major update will occur and create huge changes in your medical coding procedures, costing you more time and money. You won't need to worry about these requirements when you outsource your medical billing. Medical billing and coding companies take care of these tasks for you. As a result, you'll have more time to invest in your medical practice. 2. Outsourcing Is Cost-Effective Outsourcing your medical coding and billing is often more cost-effective than having a billing and coding team in-house. The average salary for a medical coder is $54,797, and certified coders with more experience will expect a higher salary. You'll also have to factor in hiring and training costs, and other expenses such as: Health insurance Retirement benefits Paid time off Licensing Maintaining billing and coding software systems With outsourced medical billing and coding, the company you use is responsible for all of these types of expenses. Also, since they specialize in coding and billing, they can offer these services to you at a reduced cost. 3. Better Security and Compliance Security and compliance are a key part of your medical billing process. If you have a medical billing and coding team in-house, you'll need security and disaster recovery systems in place. It's your responsibility to protect your practice against data loss and other cyber attacks. When you outsource these services to a professional company, they'll ensure the necessary security systems are in place. You'll also be able to make sure your healthcare practice stays in full HIPPA compliance. Start Outsourcing Your Medical Billing Today Now that you know the benefits of outsourcing your medical billing and coding, you can take your medical practice to the next level. For help with your medical and billing coding needs, you can turn to the professionals at EL Medical Billing Solutions. We can help you with billing, coding, claim denials, and accounts receivable management. We offer a superior customer service experience and look forward to helping you succeed. Make sure you contact us today to discuss your medical billing options!