5 Steps You Should Do Today For Medical Claim Billing Success
Medical billing and coding are some of the complex administrative processes, as billing may take some time to finalize when a patient comes with a significant medical history. Here are the effective ways to improve your medical claim billing process facilitating higher approval percentages.
1. Make Use of Advanced Billing Resources
As technology is growing day by day, making the right use of healthcare software and tools can save a healthcare organization’s a lot of time they would otherwise be spending on medical billing. There are plenty of resources and software available to succeed in the medical claim billing process. So take advantage of them in the correct way. Train your staff to the advanced software resources and give a try, definitely it will create a vast improvement in your billing process.
An Automated revenue cycle management tools benefit you in the following ways:
- Improves billing and collection cycles
- Reduces your previous time you spend on payment collection, sending out statements as everything is automated here which also decreases billing costs.
- Automated payment reminder messages with various payment options (credit card, Cash, etc)
- Helps to keep the patient medical records up to date easily
Struggling to get the process done? Then outsourcing your medical billing process will be the right option for you. The expert medical billing companies such as Vozo can take care of your entire billing process and help you to grow your practice productivity.
RELATED: How To Handle Medical Billing Claim Denials With Ease?
2. Check With The Patient Signature In All Relevant Medical Forms
Missing patient signature is one of the biggest reasons for medical billing claim rejection or claim denial. How it can be avoided in your billing process? Creating a standardized way to get the patient's signature in all relevant medical forms before they leave the office can save tons of time and results in a clear claim without any delay.
3. Maintain And Update Relevant Patient Data
Today, apart from the basic information like name, insurance provider, and contact details, patients have more relevant data such as preferred time of contact and other data which creates a better understanding of health history between the patient and doctor.
So this can be very helpful for the healthcare providers to offer better care to their patients. It is also beneficial for the patient, as they also appreciate being contacted in the self-selected method that they prefer. At the same time, however, every doctor's office must ensure that they are complying with HIPAA and any other relevant regulations, particularly the ones regarding privacy.
RELATED: Expert Tips To Improve Your RCM Process
4. Don’t Miss To Implement Patient Portal Software
Using patient portal software not only benefits the medical practice but also benefits your patients. Offering access to your patient's health records via the patient portal will encourage them to take more responsibility in their healthcare.
Benefits Of Using Patient Portal Includes
- Optimize medical office workflow
- Creates better patient-physician relationships:
- Improves clinical outcomes
- Streamline Patient Registration and Administrative Tasks
- Easy access to medical records such as lab results, insurance documents, admittance forms, etc.
RELATED: Practice Management Software For Small Practice
Have you already implemented a patient portal into your practice management? It yes, it will drive you towards better growth. If not, it’s never too late to get started. Vozo helps you to implement the best patient portal software based on your practice needs.
Vozo Patient Portal Software Features Includes:
- Secure (HIPAA-compliant) messaging
- Online bill pay
- New patient registration
- Appointment requests
- Appointment reminders
- Clinical summaries
- Medication lists
- Patient educational materials
RELATED: Patient Portal Software Checklist
5. Train Your Billing Team For Good Claim Processing
Each insurance firm has a special set of rules. One insurance firm may require chart notes with claims for new patients building up an essential consideration relationship; others may require chart notes for follow up care and non-standard treatment convention.
So training is very important here for the successful medical claim billing process. The training program should include the components that enable billing staff to quickly access filing requirements and access patient files to ensure each carrier has the information necessary to assist claims handling after submission.
Final Thoughts
Efficient medical billing is very much important today than ever. VOZO - #1 cost-effective medical billing software helps you to boost your collections by leveraging best practices. With perfect claims submission and management, auto-eligibility checks, and integrated clearinghouse VOZO billing software enables you to get paid quickly and accurately.
