Wednesday, September 4, 2019

Skyline Medical Billing Management: Outsourcing vs. the cost of an employee at your Prescott medical practice

Skyline Medical Billing Management provides services that lower your overhead and provide accurate billing for your Prescott medical practice.
What does it cost your Prescott medical practice to have an employee handling your medical billing? It’s easy to identify wages, but what about the hidden costs? Skyline Medical Billing Management examines the cost of outsourcing to a professional medical billing service vs. hiring an employee.

The true cost of a medical billing employee is much more than just salary. Rising wages range from $13 to $15 per hour, and medical billing employees nationwide often earn $15 or more per hour. While wages are the lion’s share of the expense, there are a number of hidden costs that add up. Consider the following:

Hiring - Smaller practices generally don’t have a human resources person to handle the application and interview process, which means you are likely taking time away from your practice to find employees.

Training - Most employees are not fully productive on their first day of work and it may take weeks or months before a new person settles in at their job.

Payroll taxes - Federal law requires employers to pay FICA (Medicare and Social Security taxes) for their employees. Federal and/or state unemployment taxes are also required.

Workmen’s compensation - Under Arizona law, it is mandatory for employers to secure workers' compensation insurance for their employees.

Benefits - Health insurance and paid time off, including vacation, sick days and paid holidays are critical to attracting and keeping good employees. With all of these added incentives, a $15 per hour wage rises about 24% to nearly $20 per hour.

Office overhead - Consider the equipment needed to perform job duties: office space, desk, computer, software, technical support, office supplies, insurance, and depreciation on assets.

Skyline Medical Billing Management recommends taking a close look at the hidden costs of hiring an employee to handle your medical billing. We would like to help you manage your Prescott medical practice more efficiently and profitably, and with the confidence that you have a team of professionals working on your behalf. For more information on how we can help, or to schedule a consultation, please call us at 928-227-1167. Learn more at https://www.skylinembm.com.


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Prescott Claims Processing
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Wednesday, June 19, 2019

Skyline Medical Billing Management discusses balance billing for your Prescott medical practice

Skyline Medical Billing Management can help keep the medical billing on track at your Prescott medical practice.
As a medical provider, a significant part of your business is medical billing and working with insurance companies. This is not typically considered glamorous or fun work to do, but it is necessary. One drawback of this payment model and system is that you can end up footing the remainder of a bill if the client meets their deductible and the insurance company meets their requirements. Skyline Medical Billing Management discusses balance billing for your Prescott medical practice.

Is it legal?
It may be tempting to bill your client for the remainder of a bill, but in some cases, this is illegal or could open you up to legal action for breach of contract with an insurance provider. The legality depends on state law and your agreement with insurance companies. A few situations where it is usually illegal to balance bill are when you accept Medicare, Medicaid, or you have a contract with an insurance company and bill more than the contract allows.

Under what circumstances?
However, there are circumstances where balance billing is perfectly legal. These situations typically involve out-of-network clients and procedures that are not covered by the insurance provider. If you are doing procedures that are not medically necessary, you may consider alternative billing methods such as receiving a portion of the bill prior to a procedure.

Out-of-network 

If your practice is out-of-network with the insurance company/patient’s plan, you can balance bill the patient for the FULL charged amount - not what the insurance company allows.

  • Example: The doctor’s office bills a patient’s insurance $150.00 for an office visit (99204). The EOB comes in showing the insurance company allowed $102.50 toward the patient’s out-of-network deductible. Because the doctor is not contracted with the insurance company or the patient’s plan - in other words, not bound by in-network rate agreements - the doctor can balance bill the patient for the full $150.00.

Do your research
Before you decide to balance bill a client, be sure that you are up-to-date on state law and are familiar with your insurance provider contracts. Have your billing practices reviewed by an experienced attorney and medical billing expert to ensure your medical practice remains compliant. Additionally, consider that many clients will be unable to pay the remainder of their bill, and negotiating with a client may result in a more favorable outcome for your you.

If you have questions regarding balance billing or general medical billing for your Prescott practice, call Skyline Medical Billing Management at 928-227-1167 or visit us online at https://www.skylinembm.com.

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Wednesday, June 5, 2019

Skyline Medical Billing Management discusses the process of medical claims submission for your Prescott practice

Skyline Medical Billing Management can help your Prescott medical practice's cash flow with electronic medical claims submission.
A key to prompt insurance reimbursements is not underestimating what is necessary to move the claim from your office through the various steps until it returns to you in a timely manner and in the form of an acceptable payment. It's a mistake to regard medical billing as a clerical function or part-time job. Cash flow will either make or break your practice. Skyline Medical Billing Management recommends outsourcing this critically important facet of your Prescott medical practice to the experts.

In-House Billing
Most medical practices are probably not aware that doing your own in-house billing costs you time and money in greater delays and more errors. If you do your own billing, the claims are sent by your billing staff to Medicare or the insurance carrier for reimbursement. The entire reimbursement process can take as much as six weeks if your office is filing your own medical claims.

Outsourcing Billing
If you outsource your billing, you'll find the reimbursement process can be shortened to as little as two weeks. A professional medical billing business has systems in place to simplify the process while ensuring the highest degree of patient confidentiality. Instead of sending your claims to an insurance carrier or government provider, you transmit all of your claims to your medical billing resource. Once there, your billing company will enter and double check your submitted claims for errors and batch transmit them directly to the carriers or utilize the services of a clearinghouse.

Clearinghouses
A clearinghouse will edit and convert the claim information into a standard format and forward it onto the carrier for processing. Upon receipt, the carrier typically transmits a confirmation allowing the claim to be tracked. Instead of six weeks, your office can expect reimbursement, along with an EOB, in about two weeks when using electronic claim filing.

The use of a clearinghouse means adding one more layer of scrutiny to catch the occasional coding error, providing your office with increased efficiency and expedited revenue recovery, as you experience less than 1% of your claims rejected due to coding errors. A good clearinghouse will reject a claim the same day for coding errors, so you are not waiting a week to learn about the denial. In the event a claim is denied for allegedly being submitted untimely, a simple check with the clearinghouse confirms the date the claim was submitted, and assists with filing an appeal.

Skyline Medical Billing Management wants to help your Prescott medical practice succeed, and offers ease of billing submission, the ability to instantly check the status of a claim, and reduce the time for reimbursement. If you are considering outsourcing your medical practice billing, call the medical billing experts at Skyline Medical Billing Management at 928-227-1167 for a consultation. Visit us online at https://www.skylinembm.com for more information.

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Wednesday, May 22, 2019

Skyline Medical Billing Management shares why you need professional medical claims follow-up for your Prescott practice

Skyline Medical Billing Management can relieve the stress of your Prescott practice by handling your claims followup.
Are you finding yourself stressed over accounts receivables when you could be focusing on your medical practice? Skyline Medical Billing Management offers some reasons you need professional medical claims follow-up for your Prescott practice.

Track down claims that were never received

Claims that are lost in the mail are one of the most common causes of lengthy delays in payments to your practice. Follow-up on paper claims should be done after 10 business days have elapsed to allow time for mailing and routing to the right department. When claims are sent electronically, they are trackable and the process is more timely.

Reduce the time that accounts are overdue

With our team focused on your claims, the amount of time an account is outstanding is greatly reduced. We implement procedures to collect payments and follow up until payments are received.

Track down denied claims

Getting a head start on denied claims can help keep your bottom line healthy. A new claim request with corrections can be transmitted before you even receive the hard copy of a denial by mail.
   
Resolve issues with pending claims

When claims are pending awaiting information from the member, our professional team can follow up with the member, notifying them of the situation, and obtain the information necessary to resolve the claim.

Outsourcing claims follow-up can keep your practice funded and running smoothly while you do what matters most: caring for your patients. Trust your accounts receivables to the experts and let us use our expertise to stay on top of your claims. To find out more about how we can help your practice succeed and relieve the stress on your office staff, call Skyline Medical Billing Management today at 928-227-1167. Learn more about all of our services at https://www.skylinembm.com.

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Prescott Medical Practice Management
Medical Billing in Prescott
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Wednesday, May 15, 2019

Skyline Medical Billing Management discusses reasons acupuncture claims are denied at your Prescott practice

Skyline Medical Billing Management can help your Prescott medical practice succeed with accurate medical claims procedures.
The traditional Chinese therapy of acupuncture has been an acceptable treatment for various maladies, the most common being pain relief. While there are insurers that cover acupuncture services, many providers are frustrated with the ongoing denials of their claims. Skyline Medical Billing Management describes some of the reasons acupuncture claims are being denied at your Prescott practice.

Checking coverage for acupuncture

What the provider needs to understand is that acupuncture coverage is all diagnosis driven. It is important that the staff, when checking coverage, determine how many visits a patient is allowed for the fiscal or calendar year, and if those visits have been used. With some insurance companies, the information on coverage is available online.

What is covered
Some insurance companies will verify that the patient has coverage for acupuncture, but only when prescribed by their physician to treat nausea resulting from chemotherapy. In other cases, coverage is limited to treatment of chronic pain that is not responding to more conservative treatment options. It is imperative that the correct question is asked: Does the insurance company cover acupuncture for pain management?

What is NOT covered
With mental health issues on the rise and people becoming more aware of the side effects of prescription drugs, alternative treatments like acupuncture are being sought. Unfortunately, stress, anxiety and anger are not considered medically necessary. In addition, allergies and coughs do not fall under a covered diagnosis code.

Limited number of diagnoses with insurance companies
There are several insurance companies, including Cigna and Aetna, that only accept a limited number of diagnoses. Blue Cross/Blue Shield and UnitedHealthcare tend to reimburse for a wider variety of diagnosis codes.

Advance Beneficiary Notice of non-coverage (ABN)
If you are contracted with the insurance company and you know the services will not be covered by the patient’s insurance, it is in your best interest to have the patient sign an advance beneficiary notice of non-coverage (ABN). An ABN is a waiver of liability that providers are required to give a patient for services provided that may not be covered or considered medically necessary. The ABN needs to be signed before the services are rendered.

As simple as it is to bill acupuncture, it can be very frustrating if you don’t have a good understanding on the ins and outs of covered codes. For more information on how we can assist you in your Prescott practice, call the billing experts at Skyline Medical Billing Management today at 928-227-1167. For more information, visit us at https://www.skylinembm.com.

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Prescott Medical Billing
Business Development in Prescott
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Wednesday, May 8, 2019

Skyline Medical Billing Management discusses the importance of medical billing accuracy at your Prescott practice

Skyline Medical Billing Management can help the bottom line of your Prescott medical practice by ensuring accuracy in medical billing.
Are billing errors hurting your Prescott medical practice? Skyline Medical Billing Management discusses the kinds of problems that errors in medical billing can cause and the steps that medical practices can take to develop their billing department's accuracy.

It's a fact that billing is an essential part of any medical practice, no matter how patients are paying, whether through insurance or out of pocket. And with most medical care being as expensive as it is, it's becoming increasingly more difficult for patients to meet their obligations. According to recent statistics more than half of all patients owe in excess of a $1,000 to their medical providers. So you can see how vitally important it is not to complicate matters through billing errors.


Most patient billing errors can be simple, honest mistakes...

  • Incorrect diagnostic code
  • Typos
  • Transposed numbers

…but the consequences can be complicated and serious. Medical billing errors can result in denied insurance claims depriving the practice of vital income. They can result in a patient disputing the charge, thus delaying payment with the same troublesome outcome: depriving the practice of vital income. Far more serious are patients failing to get the care they need because their claims were incorrectly submitted and treatment denied.

Medical billing errors are far more common than most people realize. It is said that approximately 80 percent of all medical bills have billing errors. That is a staggering number. Even the very simplest errors involving patient's name, address, personal identifiers, account numbers and insurance carrier information all fall under the umbrella of billing errors. Poor or incomplete documentation also contributes to an indefensible number of medical billing errors.

Because medical billing is such a vital part of medical practices, it’s imperative that bills are submitted promptly and accurately. Remember, accuracy is a critically important part of billing. Don't leave a vital part of your medical practice to part-timers or those not thoroughly trained in medical billing.

Medical billing mistakes are seriously hurting the healthcare industry. Don't let them hurt your practice. Let the experts at Skyline Medical Billing Management handle the medical billing demands in your Prescott medical practice. For more information on how we can help you, call us today at 928-227-1167 or visit us online at https://www.skylinembm.com.

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Prescott Medical Claims Processing
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Wednesday, May 1, 2019

Skyline Medical Billing Management discusses patient collections for your Prescott medical practice

Skyline Medical Billing Management can help keep your Prescott medical practice profitable with good collections practices.
With ever-rising healthcare costs, the healthcare industry at large has been compelled to engage in even more assertive collection practices in order to safeguard the livelihood of health-related businesses, especially those dependent on patient payments. Skyline Medical Billing Management understands that patient co-pays, deductibles and coinsurance payments are dollars that your Prescott medical practice cannot afford to lose through inadequate billing and collection practices.

Skyline Medical Billing Management offers these guidelines:

What you should do:
  • Be up front. The best time to tell a patient about your payment policy is when they are scheduling their appointment. Prior notice prepares patients to pay when they arrive at the office.
  • Be repetitive. Documentation, signage, pamphlets and easy-to-see notices where they check-in, check-out, and enter into patient-only areas are part of reminding and encouraging your patients to be prepared to meet their responsibility.
  • Motivate. It is more cost effective to motivate patients through discounts for timely payments than it is to pay outside collection costs or sustain complete losses.    
  • Offer payment plans. Out-of-pocket expenses can sometimes genuinely be outside of your patients' immediate ability to pay. A no- or low-interest payment plan could be the difference between getting fully paid in a reasonable amount of time versus only getting partially paid, or worse.   
What you should not do:
  • Ignore the problem. Of course, unless it's an emergency, do not allow patients to continue to accrue bills when previous bills remain unpaid.
  • Prematurely assign accounts to third-party collection agencies. Put the 'good practices' into place first and only send accounts to collection agencies when all else fails. Collection agencies are not known for their compassion, and your practice's reputation could suffer as a result.
  • Ignore delinquencies. When the patient arrives for a new visit, that is the time to remind them of their outstanding bill and your expectation of them to pay it.
As uncomfortable as it may be for some, collecting the patient's portion of a bill has to be done and is as vital to your office as collecting from insurance companies. For more information on how we can assist you in your practice, call the billing and collecting experts at Skyline Medical Billing Management today at 928-227-1167. For more information, visit us at https://www.skylinembm.com.

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Prescott Claims Processing
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Wednesday, April 24, 2019

Skyline Medical Billing Management: Accurate payment posting at your Prescott medical practice

Skyline Medical Billing Management can help your Prescott practice run smoothly by accurately handling your medical payment posting.
If you own or manage a medical practice, you understand that there are a number of steps in the medical billing process. One important issue that needs to be addressed is accuracy when posting payments. Skyline Medical Billing Management wants to help your Prescott medical practice by accurately handling your medical payment posting.

Accounts Receivables
Payment posting entails receipt of payments, accurately recording (posting) the payments, depositing funds, and reconciling the accounting of those payments. It also includes posting denials and adjustments. Accuracy in this area is key to keeping you in the black, maintaining patient satisfaction, and having a smooth-running practice.

Claims Processing
With the large number of claims being processed in most busy medical offices, it’s likely that there will be issues with some of the bills. It’s important to find out quickly when and why claims are denied - non-covered services, medical necessity, and prior authorization being the most common reasons.

Why Outsource?
Outsourcing your payment posting to a professional means accuracy, analysis, and efficient financial performance. When you partner with Skyline Medical Billing Management, our professionals can free up your office staff to care for patients instead of being responsible for following up on claims.

We can accurately handle your accounts receivables, keep you abreast of the financial performance of your Prescott practice, and offer solutions to maximize your revenue potential and increase profitability. For more information on how Skyline Medical Billing Management can help your bottom line, call us today at 928-227-1167. Learn more about the services we offer at https://www.skylinembm.com.

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Prescott Business Development
Medical Practice Management in Prescott
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Wednesday, April 17, 2019

Skyline Medical Billing Management discusses why claims aren’t getting paid at your Prescott medical practice

Skyline Medical Billing Management can help your Prescott practice stay in the black with expert claims submission and follow-up.
With all the busyness that occurs in physician’s offices, it’s common that the staff members in charge of claims billing are “borrowed” to perform other duties as needed. This could render your Prescott practice unable to do proper follow-up to ensure claims are being paid. Skyline Medical Billing Management understands how important follow-up is to the claims process and offers reasons why claims may not be getting paid at your practice.

Here are three explanations for claims going unpaid:

1. The claim was not received by the insurance company

Paper claims are sometimes mysteriously lost in the mail. For this reason, send claims electronically whenever possible. Without timely follow-up, a month or longer could pass before your staff is aware that the claim hasn’t been received. When submitting paper claims, allow about 10 business days before calling the insurance company to verify the claim has been received. For claims submitted electronically, you should be able to verify within five business days. Timely follow-up ensures receipt and more prompt processing of your claim.

2. The claim was denied

With proper follow-up, you can submit a new claim before you receive the hard copy of the denial by mail. Following up by phone with the insurance company and learning the reason for the denial gives you the opportunity correct the cause of the denial. The sooner you are able to resubmit a claim, the sooner you can get paid.

3. The claim requires information from the patient

If additional information has been requested by the insurance company, the claim could be placed in a pending file awaiting the response from the patient. Rather than waiting for your patient to receive a letter and respond, a phone call to the patient can be helpful in getting the information supplied to the insurance company promptly, and getting your claim paid. You might consider making a conference call with the patient and insurer to expedite matters.

At Skyline Medical Billing Management, we understand how busy your office can be, and we want to help you keep your claims processing going smoothly. If your Prescott practice is experiencing delays or non-payment of claims, let the professionals at Skyline Medical Billing Management handle your claims. Our dedicated team will deliver maximum accuracy and follow-up to keep your practice in the black. For more information on how we can help you, contact us at 928-227-1167. Learn more about us at https://www.skylinembm.com.


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Prescott Business Development
Medical Billing in Prescott
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Wednesday, April 10, 2019

Skyline Medical Billing Management offers tips for proper patient check-in at your Prescott practice

Skyline Medical Billing Management can help you with patient check-in for your Prescott medical practice.
Your front office is a busy and important first stop for your patients. Front office staff needs to be detail-oriented as well as personable to ensure your practice is interacting well with patients and obtaining information critical to the success of your practice. Skyline Medical Billing Management outlines some procedures that will help your Prescott practice function at its best.

Scheduling Appointments
When scheduling appointments, the staff should always confirm current contact information including mailing address and the best phone number to reach the patient. Insurance information should be obtained at the time the appointment is set. Insurance should be verified at the time the appointment is scheduled to determine copay amounts and to avoid insurance changes, such as canceled policies.

Confirming Appointments
At least 24 hours before the scheduled appointment, a phone call confirming the appointment should be made. At this time the patient should be informed of the copay amount and their outstanding balance, if any. This reminder will help the patient avoid being caught without a checkbook or sufficient funds to pay their copay, and will alleviate the need for future billing for these amounts.

Patient Check-In
At check-in, again confirm the patient’s current mailing address, phone number and insurance information to ensure the claims process will flow smoothly. Getting a claim paid really begins at the front desk, so it’s important to make copies of insurance cards, driver’s license and/or other ID. Staff should review patient registration forms to ensure they have been filled out completely. It may seem redundant, but insurance coverage should be verified again at this time. The copay should be collected before the patient sees the medical provider. If the patient has an outstanding balance, this is the time to collect the balance due and owing. Financial arrangements should be in place before the patient sees the provider to avoid billing issues later.

At Skyline Medical Billing Management, we handle the complexities of managing your Prescott practice, so you can get back to what you do best. We are available to work with your staff to offer guidance on front desk procedures and requirements. To schedule an appointment, or for more information on how we can help with any of your medical billing needs, contact Skyline Medical Billing Management at 928-227-1167. Learn more at https://www.skylinembm.com.

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Prescott Claims Processing
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Wednesday, April 3, 2019

Skyline Medical Billing Management discusses outsourcing claims processing for your Prescott practice

Skyline Medical Billing Management can expertly handle claims processing for your Prescott medical practice.
The healthcare industry faces a great challenge: managing the business of health care while continuing to provide high quality care of patients. Skyline Medical Billing Management understands what is required of your Prescott medical practice, and suggests outsourcing your claims processing.

Errors
In order to run your practice in a financially sound manner, it is important that you receive payments timely. Claims must be error-free in order to avoid payment delays. For this reason, outsourcing your claims to a team of experts professionally trained in claims processing keeps your payments flowing in without delays.

Changes
As the health industry has evolved, insurance billing has become more complex. Outsourcing your claims processing means you are able to trust that all billing requirements are being met. As changes in insurance coding occur, the professionals are staying current and maintaining an efficient process.

Start to Finish
From the beginning of the claims submission process until payment is received, you can trust that professionals will be handling your claims, freeing you to focus your attention on what you love - providing excellent care for your patients.

Skyline Medical Billing Management can deliver a smooth experience for your Prescott medical practice through claims processing, medical billing, and business development. For more information on how we can assist you in your practice, call Skyline Medical Billing Management today at 928-227-1167. Learn more at https://www.skylinembm.com.

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Prescott Medical Practice Management
Medical Billing in Prescott
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Wednesday, March 27, 2019

Skyline Medical Billing Management gives reasons you should outsource the medical billing for your Prescott practice

Trust Skyline Medical Billing Management to expertly handle the medical billing for your Prescott medical practice
Should you outsource your medical billing? What are the benefits? This is what many medical professionals want to know. This can be a difficult question to answer for most. Skyline Medical Billing Management explores a few of the reasons you might outsource the billing for your Prescott medical practice.

According to the 2018 CFO Outlook Performance Management Trends and Priorities in Healthcare report, the top priority for chief financial officers was cost reduction. Out of these CFOs, half of them wanted easier reporting capabilities, better dashboards, and improved abilities to analyze data. These might seem obvious, but it goes to show that you are not alone. Internal medical billing has many shortcomings that are difficult to overcome. These are just a couple of the areas that medical billing services like Skyline Medical Billing Management work hard to improve.

Increased Revenue and Reduced Cost
Outsourcing helps maintain a low overhead, increased reimbursements, and lower claim denials and rejections. In one case study, the group showed a billing revenue increase of 73% within six to eight months using a third-party company.

Improved Transparency
By outsourcing your medical billing, you are able to spend more time with patients and less time deciphering reports. A third-party provider provides an easy-to-read dashboard showing important statistics and figures such as patient volumes, collections, time in accounts receivable, and procedure mixes.

When it comes to outsourcing, one area of concern is security. Last year alone, there were over 400 healthcare data breaches reported to the US Department of Health and Human Services. Because of this, it is important to use an established provider with 100% secure billing practices. These security procedures make certain your data stays safe at all times.

If you want to lower costs for your Prescott medical practice or service, it may be time to consider outsourcing. Skyline Medical Billing Management gives you the tools you need to cut costs and scale growth. If you have questions about outsourcing your medical billing, call us today at 928-227-1167 or visit us online at https://www.skylinembm.com.

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Prescott Business Development
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Wednesday, March 20, 2019

Skyline Medical Billing Management discusses management for your Prescott medical practice


Managing your Prescott medical practice, regardless of the size of the office, necessitates that your office manager deal with a tremendous variety of issues ranging from administrative, financial, and legal to technological. Skyline Medical Billing Management offers an overview of medical practice management.

There seems to be no shortage of responsibilities involved in managing a medical practice, some of which include:

Financial Management:
Establishing a budget, reviewing and analyzing medical billing outcomes and financial performance within revenue cycles, negotiating payer contracts, and investigating methods to improve profitability.

Business Operations: Developing the business and marketing plan, identifying and securing outside resources, overseeing the practice’s facilities, and purchasing.

Human Resources Management: Recruiting, interviewing, hiring, training, and ensuring human resource retention.

Information Technology Management: Acquiring and upgrading hardware including computer and communication systems along with peripherals and software to effect secured patient billing, health records, and financial management.

Organizational Administration: Establishing the legal structure of the practice including the     corporate mission; establishing the pay structure and the culture for the benefit of the entirety of the office.

Patient Care Methods: Increasing provider efficiency through effective work flow, developing systems to keep patients informed and satisfied, establishing standards for performance.

Quality Control: Implementing and maintaining quality control standards; monitoring clinical quality, ensuring that all licensing requirements are current.

Risk Assessment: Establishing procedures to assure patient safety, promptly and effectively addressing emergencies, disasters and legal threats.

Among the potentially vast scope of responsibilities, Skyline Medical Billing knows that one of the most critical components in medical practice management is ensuring that the practice is paid in a timely manner for the care delivered by its providers. Prompt billing and payment are the mainstay of the operation. If your Prescott medical practice would like more information about medical practice management and efficient billing practices, call the experts at Skyline Medical Billing at 928-227-1167. Visit https://www.skylinembm.com for more information.

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Prescott Medical Billing
Claims Processing in Prescott
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Wednesday, March 13, 2019

Skyline Medical Billing Management shares benefits of outsourcing medical billing for your Prescott practice

Skyline Medical Billing Management can simplify your billing process at your Prescott practice.
One of the biggest decisions doctors make when running their practice is whether or not they should outsource their medical billing. Your revenue and cash flow depend on efficient billing, so it is a decision you want to get right. At Skyline Medical Billing Management, we simplify billing management for your Prescott practice.

Here’s how we do it:

Low Cost
When you are first starting out, keeping overhead down is vital for long-term sustainability. Outsourcing allows you to keep your staff to a minimum, so you can keep salary and benefit expenses as low as possible. If your practice grows rapidly, you will not need to spend time hiring or managing more staff, so your business can scale quickly.

Transparency
Not only does in-house billing require extra time to manage staff, but it is also much harder to obtain analytics for the work that is being done. When you outsource, you should receive performance reports automatically or on request. This kind of reporting allows you to quickly and easily see the efficiency of your billing, an ability few small practices have.

Consistency and Reliability
An outsourcing agency will be required to perform certain services for you with a measured level of success. This means you can count on them to get the job done consistently. Additionally, you do not have to worry about employees calling in sick or taking a vacation. This saves you the time of rearranging schedules, but more importantly you can trust that the billing will be completed in a timely manner.

There are many factors to take into consideration when deciding how to manage your medical billing, but you can see outsourcing helps simplify the process. If you are opening a new practice in Prescott or if you need a reliable, low-cost billing option, outsourcing may be right for you. Call Skyline Medical Billing Management at 928-227-1167 to start saving. Learn more at https://www.skylinembm.com.

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Prescott Claims Processing
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Wednesday, March 6, 2019

Skyline Medical Billing Management shares steps that can help your Prescott medical practice succeed

Skyline Medical Billing Management can help your Prescott medical practice run more efficiently.
As complicated and complex as medical billing sometimes is, Skyline Medical Billing Management can help your Prescott medical practice to run even better by offering these key steps for a successful and efficient medical billing process.

At Check-in
All information that will be necessary for filing a claim needs to be detailed during the patient check-in. Information gathered and confirmed should include the patient's demographic information, insurance payer, insurance payer's contact information (address, phone and email) and insured's policy number.

Coding
Submitting correctly coded claims to the patient's insurance provider is vital to timely payments. Accurate coding for services provided or procedures performed means the insurance payer can accurately assess your request for payment. Accurately coding your submission means timely decisions.

Submitting Claims
While almost all insurance companies follow standard procedures for billing, there are exceptions and they have their own way of doing things. Because some aspects of the billing procedures are payer-specific, it is very important to check that you are accurately following each payer’s guidelines.

Posting Payments
At this point, your patient will either have the responsibility of a remaining balance or a zero balance if the claim was paid in full by their insurance provider. If the initial intake, verification, coding and claim submission was accurately completed, the insurance's payer's obligation should have been completed by now.

These steps should help your Prescott medical practice accomplish a smooth experience in the medical billing process. If you'd like some help with improving your billing practices, Skyline Medical Billing Management is here to help make your medical billing process as simple as possible. Call us today at 928-228-1167 or visit us at https://www.skylinembm.com.

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Medical Billing Services in Prescott
Prescott Claims Processing
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