Tuesday, June 2, 2009

Switch to a More Efficient Billing Mechanism!

Outsource hospital billing services to India and save on expenses and overheads

What is hospital billing?

All hospitals, clinics and health care centers function just like any other organization and need to maintain precise billing of all payments and expenses. Hospital billing in particular covers accounts receivables management, data entry of patient information, EOB entry, Entry of CPT / ICD codes and other charge entry details.

Why outsource hospital billing to India?

By outsourcing hospital billing to India you not only gain by cutting down on unnecessary infrastructure and administrative costs but you also get assured processing accuracy and regulatory compliance along with enhanced patient and physician satisfaction.

What are the various hospital billing services that are offered by Indian companies?

Indian companies offer customized services to suit each client. Hospital billing services are offered in four main categories, namely:

1. Accounts receivables management which involves collections reporting, insurance and bills follow-up, denials analysis and re-billing.

2. Data entry of patient information which includes Patient's name, Present address, City, State, Zip Code, Social security number, Employer details and other Insurance details.

3. EOB entry of Patient Account Number / Patient Control Number, Date of Service, Procedure Code, Billed Amount , Allowed Amount, Adjusted Amount, Paid Amount, Deductibles and Denial details.

4. Entry of CPT / ICD codes and other charge entry details which include Date of Service, Referring Physician, Ordering Physician, Place of Service, Type of Service, Modifiers, Authorization or Referral details and Co-pay details.

What are the advantages of outsourcing hospital billing services to India?

Outsourcing your hospital billing services to India is extremely advantageous since:

  1. You gain a 20% increase in your reimbursements
  2. All service providers are HIPAA compliant
  3. Only major medical billing software such as Medisoft, Medical Manager, AdvancedMD, Kareo, Elligence, eClinicalWorks etc., are used
  4. Persistent claims follow-up with payers lead to faster account receivables
  5. Only highly skilled hospital billing professionals who are experience in CPT, HCPCS and ICD-9 coding Level I, II, III are employed
Outsourcing of your hospital billing services to India will let you focus on providing better care for your patients since all your billing and reimbursement worries are taken care of.

No comments:

Post a Comment