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Why a Medical Billing Company?

How much of your practice income and time are spent on billing and collections?

According to the New England Journal of Medicine, overhead and billing typically accounts for 43.7% of a practice’s income.

That’s a substantial amount. And it doesn’t take into account the stress of managing billing and collections functions.

Most importantly, it doesn’t take into account lost revenue from late, rejected or incomplete billings.

Wouldn’t you be better off with a billing and collections firm handling these back office tasks while you and your staff concentrate on patient care?

Try our checklist, and let us know.

  • Are you confident that your coding and claims processing meet the latest regulations?
  • Are you spending time on administrative details related to billing instead of your medical practice?
  • Are you frustrated that your legitimate claims for care rendered are rejected by insurance companies or somehow lost in transmission?
  • Are you having difficulty hiring staff with the expertise required for accurate and efficient billing and collections?
  • Are you worried about whether your computer system is up to the challenge of handling the billing procedures of a multitude of insurance companies?
  • Are you using your staff’s time and talent to build your practice, or are they spending too much time just trying to get the bills paid?

 

Maybe it’s time to contact Prestige Medical Billing and Collections.

 
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