It is important to have a stable and reliable medical billing service to ensure that you retain your patients, receive the maximum reimbursement possible, and stay compliant with all laws. Hospice providers are especially reliant on good billers because of the specific laws governing their industry. If you have not found a provider who fits your needs, here are some tips to help you pick the right billing service:
First and foremost, make sure the company is certified for medical billing in hospice. Each state has different certification criteria, so it’s important for a supplier to be qualified in at least one of them.
If they don’t have this credential, chances are that they are not very familiar with hospice billing rules and regulations—or any other type of medical billing, for that matter.
Another thing to consider is their average turnaround time (TAT). TAT will indicate how long it takes them to submit your claims and receive reimbursement from the insurance companies. A provider who has a low TAT is a good one to go with.
If there are any issues with the claims—such as rejection or correction requests from insurance carriers—how long will it take for them to notify you? A TAT that is too high may indicate that your providers aren’t making every effort they can to ensure that your claims are successful.
Additionally, consider your providers’ experience. Look at their customer reviews and online presence, as they will give you an idea of the quality of service they provide.
If possible, try to get a quote on their services before committing to anything. This way, you’ll know beforehand how much it will cost you to work with them instead of finding out after the fact.
Once you’ve found some suitable medical billing providers, make sure to get an agreement in place before letting them work on your claims. This will ensure that a mistake from either party isn’t too costly and everyone is on the same page.
You should also have your own compliance person that checks over any claims sent and approves them—even if you outsource this job to a billing company. This will not only ensure that you are getting paid everything you deserve but also help you stay compliant with federal laws and improve efficiency across your organization.
After you’ve found your perfect billing service, the last step is to keep them on board. Make sure that whatever services they offer fit within your budget and are priced fairly for what they do.
If you need help finding an efficient law practice for medical billing. They will put you in contact with a company that fits, make sure you have an agreement set up, and will alert you if there are any issues with claims.
They can also get your processes in place for efficient billing that allows it to run smoothly within your organization. Once you’ve picked a provider, keep them on board by making sure the arrangement fits into your budget and isn’t too costly for what they do.
Finally, make sure that they can support the many different types of claims that come through during a patient’s time in hospice care. If they cannot handle your claims correctly, you may not be getting the reimbursements that you need to stay afloat.
With these tips in mind, you should have no problem finding the best hospice billing company here.