EL Medical Billing Solutions Podcast

https://www.elmbs.com/exploring-the-advantages-of-outsourcing-to-el-medical-billing-solutions/

https://www.elmbs.com/the-impact-of-hipaa-regulations-on-medical-billing-and-coding-what-you-need-to-know/

We are trying to get YOU the help you need at a very affordable price. https://www.elmbs.com/blog-post

In long-term care facilities, medical coding is particularly important, as it helps healthcare providers track patient care and ensure that patients receive the appropriate level of care. https://www.elmbs.com/crucial-guide-to-medical-coding-for-long-term-care-facilities/

https://www.elmbs.com/cracking-the-code-medical-coding-for-home-healthcare-services/

https://www.elmbs.com/mastering-medicare-and-medicaid-services-medical-billing-and-coding/

Are you wondering if medical billing is legit?

With the rising cost of healthcare, it’s no surprise that people are questioning the accuracy of their medical bills.

You may be concerned that you’re being overcharged or that you’re being billed for services you didn’t receive.

The truth is, medical billing errors are not uncommon.

In fact, up to 80% of medical bills contain errors, according to experts. For a more detailed description visit https://www.elmbs.com/is-medical-billing-legit-heres-what-you-need-to-know/

Medical billing and coding is an essential part of the healthcare industry, responsible for translating patient encounters into standardized codes used for claims submission and reimbursement.

The process involves reviewing physician notes, patient records, lab results, and other clinical documentation to assign appropriate codes to each service or procedure.

This system ensures that healthcare providers receive payment for the services they provide and helps insurance companies accurately process claims.

Over the years, medical billing and coding has undergone significant changes, from handwritten patient documents and typewriters to the digitization of patient files and the use of electronic health records (EHRs).

https://www.elmbs.com/the-changing-face-of-medical-billing-and-coding-a-look-at-its-evolution/ for full episode description

Are you debating on outsourcing your medical billing? Click here for three awesome benefits of outsourcing your medical billing and coding.

Did you know that approximately 80% of all medical bills contain errors? This is usually due to incorrect coding, duplicate charges, or incorrect numbering.

Medical billing and coding can be a time-consuming and expensive process. Relying on your own staff has its challenges, and finding experienced coders can sometimes seem like an impossible task. Outsourcing your medical billing has more benefits than you realize and will give your practice the boost it needs.

Keep reading this guide to learn three fantastic benefits of outsourcing your medical billing and coding!

1. Access to Certified Coding Specialists

Medical coders are required to keep up to date with regulations, medical coding software systems, and best coding practices. They also must keep their certifications current and complete continuing education courses.

You'll also have expert help when you're dealing with medical billing errors and claim denials. These companies also work to ensure you get maximum reimbursement when claims are filed.

Keeping up with medical coding updates is also a huge time investment. Often a major update will occur and create huge changes in your medical coding procedures, costing you more time and money. 

You won't need to worry about these requirements when you outsource your medical billing. Medical billing and coding companies take care of these tasks for you. As a result, you'll have more time to invest in your medical practice.

2. Outsourcing Is Cost-Effective

Outsourcing your medical coding and billing is often more cost-effective than having a billing and coding team in-house. The average salary for a medical coder is $54,797, and certified coders with more experience will expect a higher salary. You'll also have to factor in hiring and training costs, and other expenses such as:

Health insurance

Retirement benefits

Paid time off

Licensing

Maintaining billing and coding software systems

With outsourced medical billing and coding, the company you use is responsible for all of these types of expenses. Also, since they specialize in coding and billing, they can offer these services to you at a reduced cost.

3. Better Security and Compliance

Security and compliance are a key part of your medical billing process. If you have a medical billing and coding team in-house, you'll need security and disaster recovery systems in place. It's your responsibility to protect your practice against data loss and other cyber attacks.

When you outsource these services to a professional company, they'll ensure the necessary security systems are in place. You'll also be able to make sure your healthcare practice stays in full HIPPA compliance.

Start Outsourcing Your Medical Billing Today

Now that you know the benefits of outsourcing your medical billing and coding, you can take your medical practice to the next level.

For help with your medical and billing coding needs, you can turn to the professionals at EL Medical Billing Solutions. We can help you with billing, coding, claim denials, and accounts receivable management.

We offer a superior customer service experience and look forward to helping you succeed. Make sure you contact us today to discuss your medical billing options!