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It used to be that most medical offices handled all of their invoices in-house. Everyone from a solo-practitioner to large scale hospitals relied on their staff to usher patient bills throughout the payment process. In-house billing is much less common today as a growing number of all types of medical practices are outsourcing their medical billing part of their businesses.

The primary reasons that healthcare providers no longer opt to do in-house billing stem from the increased challenges from such things as multiple payers and detailed coding requirements. The ICD-10 coding required for Medicare and Medicaid claims now has more than sixty-eight thousand unique codes. As you can imagine, assigning the correct codes for insurance claims is now a daunting challenge, and many practices decide to outsource their billing as a result.

Hiring a medical billing company helps you to avoid the pitfalls that come with freelance help. In general, a professional medical billing company knows the ins and outs of all types of medical coding and billing. Medical billing firms are also familiar with how to move an insurance claim through to payment in as little time as possible.

Examples of the insurance billing services that cause so many healthcare businesses to turn to a medical billing company include:

• Skilled coders with knowledge of current coding rules
• Insurance preauthorization
• Successful claims filing
• Insurance appeals

While it’s undoubtedly correct that much of your billing concerns insurance claims, your office also must collect money directly from patients. Here are several examples of the ways that a medical billing company makes it easier for you to collect patient payments:

• Translate electronic patient electronic health records into billing statements
• Payment monitoring
• Timely overdue payment reminders
• Oversee collections process on delinquent accounts

Along with collecting insurance and direct patient payments, medical billing companies will also provide regular financial reports that will keep you current regarding your practice’s medical billing.

in addition we stay complainant and also help your facility with  credentialing.