Outsourcing medical billing operations are complex and lead to a temporary dip in revenue and productivity. 100+ medical practices based in Florida know better.
BillingParadise, a medical billing company based in Florida, brings 20+ years of experience and best practices to the table. We help make your financial operations more cost-effective, efficient and profitable. Whether it is cash acceleration or reducing cycle times, we have you covered.
Do you know that?
Florida billing regulations are incredibly complex
There are numerous, state-specific billing guidelines for ancillary providers
Financial performance has to be optimized to capture every service documented
This Post Explains "What is co-managed medical billing services? It is a model in which in-house billers work with off-site medical billing companies to boost revenue and efficiency " This is An Urgent Care center in Florida. They have offices in Miami and Tampa. Michelle has been working here as an in-house biller for 12 years. As the practice grows, she feels the pain. And Michelle found it increasingly hard to work with the urgent care center's EHR. So the management decided to work with a third party billing company who has got hands-on experience in billing through Eclinicalworks. But they didn't want to fire Michelle not just she has been in the practice for 12 years, but the years of experience she has in the specialty. So the urgent care practice wanted to work with a billing company who works along with their in-house billing team. But yes that solution came with its own share of obstacles. The major ones being: ? Conflict of interest between third party billing company and their own in-house billing team. ? They have to pay both the parties, ? Monitoring and Validating reports, ? Involving them in a streamlined process, ? Approval process, ? Managing the Remote resources. Where the twain meet. Since BillingParadise had come across similar situations earlier, we proposed the solution of co-managing the revenue cycle to the practice owner. This is how we set the ball rolling; ? We clearly defined the entire co-managed process beginning from work allocation to communication channels to the client. ? Our transition manager explained the responsibilities we'd be taking on and Michelle's role in it. ? We introduced the practice to TeamBillingBridge, our workflow management software that makes reporting, communication, and coordination a breeze. ? Our Service Level Agreement is transparent and the practice could track whether we were adhering to SLA through our user-friendly and intuitive app, TeamBillingBridge. Michelle Says" Initially I was a bit apprehensive about how the sharing of responsibilities would work. BillingParadise came up with a responsibility sharing matrix that made my job super easy. And of course, it was very clear-cut and transparent. I enjoy sharing my work with them. Let’s have a look at how the workload was shared, The in-house billing team took care of patient scheduling while BillingParadise offered to take care of patient eligibility verification. It was the in-house billing team’s responsibility to send across signed charts so BillingParadise’s medical coders could assign exact codes. The code auditors of BillingParadise would audit claims and our coding manager would review the audited codes. Charge scrubbing and payment posting would be carried out by BillingParadise’s team while we’d handle charge submission and carry out a payment posting audit. BillingParadise's denial and AR management team would handle our denial capture, denial analysis, and AR management processes. We’d be handling denial verification, resubmission of denials and handle denial related queries. Now things back on track. Thanks to BillingParadise. They have minimized our denials and reduced outstanding AR, andmy workflow becomes much quicker now. It’s been an amazing journey so far. I strongly recommend their Services " For more information, contact: BillingParadise 2009 N. Lynn Taylor, TX 76574, The United States. Phone: +1 214-783-6295 Visit website. https://www.billingparadise.com Facebook: https://www.facebook.com/billingparadise Twitter: https://twitter.com/billingparadise Linked In: https://www.linkedin.com/company/billingparadise Google+: https://plus.google.com/107710156406908639530/posts
TeamBillingBridge provides insights into the key performance indicators of your billing cycle. Outsource your billing headaches not control over your processes. TeamBillingBridge offers a window into every phase of your billing process. View performance reports of billers, communicate securely and set and receive notifications. TeamBillingBridge automates billing processes and turbocharges your billing cycle.
Your neighborhood medical biller
The best aspect of working with a Texas-based medical billing firm is that we’re just a few miles away from you. We regularly host and sponsor healthcare related events in Texas. You can set up a face-to-face meeting with our revenue management experts. Or request for onsite billing and coding assistance anytime.
We blend in with your organization’s teams, processes, and technology. Our billing team works as an extension of your existing teams to avoid miscommunication and defects. And before we forget, yes, we do work with your EHR.
Daniel Salvatto is a healthcare expert who manages several clinical sites and develops procedures andpolicies to help healthcare professionals meet federal regulations. He also provides project management for the implementation of EHRs and PMS. Apart from providing revenue cycle management support he also brings to the table strong negotiation skills for clinical acquisitions and better yielding payer contracts. He conducts thorough and accurate market analysis that support practice expansions.
Daniel also has deep experience in implementing and managing the telemedicine department of healthcare organizations. As a skilled healthcare marketing professional, he also has in-depth experience in offering statistical and analytical reports for the perusal of the board of directors of healthcare systems. BillingParadise recently interviewed Daniel Salvatto. In this insightful interview with us, he shares strategies and tips on a wide spectrum of topics ranging from value-based care tomanaging and mitigating cybersecurity risks. Read More.
This is the Story Of OBGYN Practice Increase their revenue.
Here is the Successful story Of Obgyn Center from California.
An Obgyn Victoria Helen from Texas drives into UB Obgyn group, in California. Dr.Victoria Helen is here to visit Dr.Vlad her brother working in UB Obgyn Group. She meets Dr.Kendra Brown, surprisingly. Dr. Kendra Brown is a colleague of Dr.Victoria Helen. She comes to know Dr. Kendra Brown who is a doctor and owner of UB Obgyn group.
She was so excited to meet her and discusses her profession and UB Obgyn group. Dr.Kendra Brown, explains how she was happy in her profession and how successfully she operates UB Obgyn group profitably.
Now, Dr.Victoria Helen face become dull and upset. Dr.Kendra Brown asks the reason for her sudden sadness. She started explaining her problems in operating her Obgyn Practice at Florida due to reimbursement issues and denials. So, she had lost 75% revenue From her Practices, which several years ago was so profitable.
Dr.Kendra Brown, asks about Dr. Victoria Helen’s billing company. She said she fired her billing company and currently operates with in-house billing team for few years though it was not helpful.
Then Dr.Kendra Brown introduces BillingParadise and explains the challenges she had in operating her large Ob-gyn group of California. How she struggles to identify the gaps in her revenue cycle.
How she came to know about BillingParadise. One of her Midwife Maria introduced and recommended Dr.Kendra Brown about BillingParadise and her experience with the company.
She also told her BillingParadise luckily have their offices in Florida, Texas, Minnesota, and Georgia, California. So she recommended to visit BillingParadise sometime to bring changes to her revenue cycle and there is nothing to worry about it later.
So she asked her friend to visit BillingParadise and resolve her revenue cycle problems.
Ob-Gyn practices across the country are facing atypical administrative and revenue cycle challenges. From being forced to implement cost-prohibitive technology to the pressure of capitated payment plans, utilization controls and payment models, maintaining positive cash flow is becoming increasingly difficult.
A recent survey by Medscape reveals that less than one-half of obgyn specialists feel they are being adequately paid. The survey states that only 46% of obgyns feel that they are being fairly compensated.
Here is an interview with one of our clients who recounts how much money her center lost due to inefficient billing processes and how BillingParadise helped her bounce back from the financial setbacks her ob-gyn practice faced.
The medical billing company they previously worked with was not proficient with their EHR. Their reluctance to work with eClinicalWorks was hindering the operational and revenue performance of the center. The previous biller was also not familiar with the nuances of obgyn billing. After working with BillingParadise the ob-gyn center saw phenomenal revenue growth. In a freewheeling chat with us the client reveals how BillingParadise quickened her cash flow and why she’d recommend BillingParadise’s services. Read More
Denial Management is a thorn in the flesh for most medical practices. But there are some specialties that have an exceptionally high denial rate. Obgyn is unfortunately, one of them. Denial rates in this specialty are the highest at a whopping 22.42%. Denials are an everyday occurrence for most obgyn centers. But that doesn’t mean you need to live with them. Most denials are “soft” and with some effort be easily overturned. The cost of handling a denied claim is on an average $25. It considerably adds up to the administrative and financial burden of a practice. https://bit.ly/2P4tlHD
Recently BiIlingParadiseworked with an ob-gyn practice that was facing a financial slump. Upon analysis, we found that their previous biller had no experience in billing for antepartum codes and also repeatedly missed adding Modifier QW for screening services. This led to a high number of denials and a steep downturn in revenue for the ob-gyn practice. The appealing process was extremely tough given that most claims were also way beyond the timely filing limit. This story does have a happy ending. We managed to increase the revenue of the ob-gyn
center by 60% within a few months.
Here is the Video of One of our obgyn manager Reveals how Billingparadise helped her Practice Increase Revenue by 60%
