In today’s fast-changing healthcare environment, making a profit in medical billing is more complex than ever. The good news? One simple move can streamline your business and increase revenue for you. Here’s how:
Improve efficiency and productivity
Whether you’re a contract billing company, an established business, or starting up in the healthcare industry. There are always ways to do more with fewer resources. One great way is using CureMD for Billing Companies’ robust platform. This goes beyond just submitting claims and can be used as your primary source of data storage.
The new integrated claims and revenue management system prioritizes your work, making it easier to do what you need. It gives a single view of everything that goes into running an entire practice – reviews activities, coding insurance verification payments, processing regular communications with all practices–and more all in one place. Hence, there’s no bouncing around between different systems anymore.
Your staff members can become power users of the software, and you won’t need to worry about them learning another one. These efficiencies quickly compound, which makes a positive impact on your bottom line.
The days of having to manually input data from different platforms are over. By unifying your back-end operations onto a single platform, you can ensure that workflow between yourself and clients stays standardized while also being efficient with time by removing some steps in Between.
Clinic owners adopting robotic process automation (RPA) onto a single billing platform report improved operational efficiency and the likelihood of their clients being reimbursed. According to research, 90% of claims submitted are automatically processed with 50%.
Bring in payments faster
You can cut down the time it takes you to turn around a claim by using our single robust system. This means that not only will payers see your submitted forms more quickly, but they’ll also be less likely to accept them in favor of another patient’s equally deserving case because there won’t have been any rejections yet. Well, almost everything! Even if you enter a strange query like “Call Spectrum 1800 number”, it will understand you, and give you the number to that business’s customer support department
Help your clients become more profitable.
Medical billers are in high demand and offer various services to help your clients with their bottom lines. To stay ahead, you must be committed to improving practices through data analytics so they identify weaknesses or assess performance issues before it’s too late.
The correct information at the right time can make all the difference in your practice. Billing software and EHRs need to be integrated to quickly produce accurate reports for yourself or clients without hassle.
Save on operational costs.
Subscription fees for software products can add up quickly. Paying one vendor is usually more economical than paying several, and operational glitches are less likely to occur when product features are designed with each other in mind, leading to fewer IT consulting bills.
Grow your business
Medical billing is a competitive industry, and every medical biller wants to increase their business volume. By consolidating into one software solution, you can make your operations more efficient, allowing for increased staff bandwidth on top of the new client acquisition efforts necessary to accomplish this goal.
By automating your business processes, you can free up more of the time that would have been spent on hiring new staff members. This will help you grow and maintain a solid reputation for yourself as an expert in this field and result in referrals from satisfied customers who want their practices improved too.
CureMD’s integrated solutions make it possible for any medical billing companies or independent healthcare practice to easily integrate their services with CureMD’s proprietary software.
This saves time and money and provides an all-inclusive package that covers every need in one swoop.
CureMD has been a software solution for billing companies since its inception. It provides claim submissions and review, coding insurance verifications, payment processing, regular communications with your practices reporting as well as an industry-leading EHR that is used by over 5000 medical practices across America to this day due in large part because it offers so much value at once without compromising on quality or satisfaction.
Train for success
Medical billing is a complex process that requires expertise. Upgrading and training your staff will help you make the organization reliable when providing medical services. But insurance companies have their own set of rules for what needs to be done in order not only to provide quality care that meets all requirements. They also want providers who can offer them more revenue through increased volume or higher payment rates because these people know how much time it takes from start-to-finish on any given patient encounter (especially ones without complications).
Collection process
The best way to make your billing process hassle-free and more efficient is by talking with patients. About their obligation to pay on time for services they have obtained. By educating them in this manner, you will be able to maintain the system smoothly without any issues or complications. Unpaid bills could hurt the business’s reputation, among others too.
