The health care industry can be pretty complicated with all of the medical codes, procedures, and paperwork that is involved in the process. Due to all of these moving parts, it’s easy for many practices to have an inaccurate view of how many patients have outstanding bills, as well as having little transparency into patient disputes due to bad medical code entry. Like any business, you can’t stay in business unless you are being paid regularly and on time, so here are a few tips on how to improve that situation.
Correct Code Errors
First, correcting code entry that happens at the beginning will eliminate many of the bottlenecks that come with billing. Correcting errors down the line really messes up existing charge cycles and can disrupt on time payments. Having charge cycle solutions that review and audits the processes and technologies can help you make more sense of errors, and even reduce or eliminate from even happening in the first place. These sorts of solutions are great at helping in each part of the process such as order entry systems, chargemasters, medical records and ultimately billing.
Make Paying Easier
Most modern solutions even provide online gateways for patients to pull up their bill and pay online. Reducing road blocks, or making it even easier for patients to pay will greatly increase your chances of getting medical bills that you send to patients to be paid on time. Faster payment gives your business the cash flow it needs to survive as well as grow.
As you can see, with all of the moving pieces that are contained within any given practice, being able to reduce mistakes and speed up billing and charges is one of the best ways to get your practice into a much more healthy state. Make sure you have a charge cycle solution that works for your practice and gives you the necessary features to succeed.