If you own a therapy clinic, you no doubt understand that billing involves more than just submitting claims. Duties such as requesting authorizations, applying payments to patient statements, and reconciling can comprise a full-time job. Chances are, you and your admin team don’t have the time to complete all of these tasks accurately. Calling in specialized help is one of the best ways to ensure that you and your therapists get paid in full and on time. Read on to discover why the EEP team suggests outsourcing your billing to a qualified agency.
Medical billers will accurately submit your claims. Claim submission can be a tricky process, with requirements varying by insurance provider. An experienced billing agency is familiar with these details, and will get your claims submitted on time and correctly. Instead of spending your time searching for the right way to submit claims, you can let the experts take care of it and reduce the risk of errors in the submission process that could extend your payment turnaround time.
They can handle erroneous denials. Trained medical billers will fight for you. Whether it means spending hours on the phone with insurance companies or tracking down medical documentation, billing agency staff do whatever it takes to address any erroneous denials. This saves you and your team precious hours and prevents lots of stress!
An agency performs thorough follow-up. Once a claim has been paid by insurance, there is sometimes a remaining balance on a patient’s account. Keeping track of these unpaid balances and invoicing patients is important in order to collect what your clinic has earned for the treatments performed.
Specialized knowledge. If you choose to work with a billing agency with expertise in your particular specialties, you will get even more out of the relationship. Billers who work with just therapy clinics always know which CPT codes are appropriate and understand the nuances of billing for treatments, evaluations, IFSP conferences, and more.
There are countless other benefits to outsourcing your therapy billing to an agency. Read more about the services a therapy billing agency like EEP can provide.
Once you’ve decided to go with a billing agency, selecting the right one doesn’t have to be a daunting journey. Check out our blog post about how to find the right fit for your practice.