How outsourcing ent billing can help your practice

How Outsourcing ENT Billing can Help Your Practice ENT billing and coding involves several policies, procedures, and requirements that have undergone vast changes in the past few years. With a sharp increase in the amount of paperwork and coding essential to submit a claim, ICD-10 can only lead to more such headaches that one has to contend with. This is probably the major reason why more practices are opting to outsource their ENT billing to professional companies that know their job. Time and complications Too much time is spent understanding the changes that have come in because of the Affordable Care Act, not to mention the ICD-10 coding updates. Appropriate changes in the billing software, and the way the claims are submitted have also been updated, though these changes are pretty intense. This has put the hospitals and clinics under a microscope, thanks to the millions of un-insured and under-insured patients overburdening the system. Although the Affordable Care Act was supposed to have taken care of such issues, the act has worked in the opposite direction for several practices. Outsourcing is the answer With so many complications plaguing the ENT practice, outsourcing ENT billing seems to be the most sensible thing to do for most physicians today. Several such practices have resorted to temporarily outsourcing their ENT billing, until, they believe, their billing department can come to terms with the updates. This, of course, entails grueling training schedules that will help them gain the necessary understanding and experience to handle the new set of rules and guidelines. Most others though, have decided to outsource their ENT billing to professional companies, simply because they are not sure if more changes and updates are in the offering. While outsourcing your billing you can ensure: 

Reduction in Billing Errors: Once you decide to outsource your ENT billing, you can rest assured that the amount of billing errors will get reduced drastically. Recent survey reports indicate that over $125 billion is lost due to erroneous medical billing, which could have otherwise been prevented if the billing was handled by experts.

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Staying abreast of changes: Outsourcing ENT billing to professional third parties experienced in Otolaryngology coding and claims will certainly help you keep abreast of all the changes in the rules and regulations in ENT billing. You can reduce the number of rejected claims and other penalties arising due to errors.

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Save money spent on training: A major advantage with outsourcing your ENT billing to a professional company is that, you save a lot of money that would otherwise have to be spent on

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training and support that the billing department would have required learning the new rules and updates. Your healthcare audit bills will also be reduced, as will the expenses on other professional services that need to be contracted. It is a known fact that medical practices spend heavily each year on training. 

Cost effective: The beauty with outsourcing your ENT billing to a professional company is that the charges are always on a percentage basis. This simply means that charges are directly related to the amount of work executed, and do not depend on the number of hours worked. This is a major benefit that practices can enjoy when they outsource billing. The benefit is much higher when the volumes are large.

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Saving patients’ time: Once you decide to outsource your ENT billing, you have more time at your disposal that can be spent on your patients. This means that each case can be disposed off faster, leading to reduced waiting time at the office. Spending more time with patients keeps them happy, and leads to more referrals, and word-of-mouth recommendations that contribute to the revenues.

Call now 888-357-3226 (Toll Free) info@medicalbillersandcoders.com

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