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Most Common Medical Billing Issues
Collecting Account Receivables
Billing is often left to one individual
Billing is often left to one individual
Sometimes a well-organized staff and physician aren't enough to follow up on all medical insurance billing. In a recent survey from HIMSS, physician practice denial rates generally range from 5-10%. When you consider denial reworks at an average cost of $25 per claim, it's easy to see how the health of your accounts receivables plays a viable part in a practice's revenue.
Billing is often left to one individual
Billing is often left to one individual
Billing is often left to one individual
When any office task is solely delegated to one individual, the potential for further medical billing issues is practically unavoidable. When an office manager is absent from the office, medical insurance billing comes to a halt, further compromising a practice’s ability to collect the money that they are owed for services rendered.
Patient Ledger Errors
Billing is often left to one individual
Patient Ledger Errors
Perhaps one of the leading reasons why patients seek out alternate treatment is due to medical billing errors that are often the result of disorganized office operations. This can lead to a loss of trust and loss of business.