| NOTE: Doctor, if the actions listed below are not being done then you are loosing money every month of the year. Please read our job description carefully because it is your money that we are discussing here.
A. When you first become a client we do a Fee and Code evaluation. This procedure has increased doctors collections by 10% of total yearly collections. Most doctors fees are low and the codes they use sometimes flag claims and delay payment unnecessarily. There is a technology to this based on knowledge of insurance companies computers coding protocol, patient coverage and CPT coding.
B. We review each claim before it leaves our office to make sure that it is correct and that payment will not be delayed because the claim was not complete. (The only part of a claim that we can not police is data given to us by the doctors office, Insurance Company, Social Security Number, etc.)
C. We send claims weekly, we have found from experience that this procedure stabilizes cash flow and eliminates the "feast or famine" cycle of collections.
D. We send claims electronically when ever possible because payment on those claims is normally within a two week time period. (Not all insurance companies are set up to receive electronically, even though some billing services will tell you that everything goes electronic.) | |
