With time many health care providers are now outsourcing the tedious but important task of medical billing to outside companies. Yet, being a new kind of services, health care providers are not aware of the range of services and responsibilities that should be given by companies offering such services to ensure maximum value for the money. Thus, it is important to be aware of responsibilities that such companies are supposed to handle. Read on to get knowledgeable about the major tasks that ought to be accomplished by any Company hired for medical billing by a health care facility.
Companies offering medical billing service facilities to health care industry will be responsible for calculate the gross and net collection ratio of the facility. These figures are very important as they will in return help to calculate the overall performance of a health care facility along with determining the actual number of paying patients visiting the facility.
Among other things, medical billing also includes minimization of the actual time taken to receive the bill payment. This can be achieved by regular follow up and reduction in the errors in the submission of bills.
Maintaining the record of any previous bills that are yet to be cleared also falls within the ambit of services offered by companies handling medical billing. This also includes an effective analysis of pending bills to determine the reasons for their non payment.
Providers of medical billing service are also expected to calculate the patient liability percentage for determining the effectiveness of the functionality of the front office of a facility.
A comprehensive report about the number of claims that have been cleared without the need of doing any follow-ups should also be maintained. This data will help to verify the efficiency of the billing service.
Active Management is a reliable and leading medical billing company with vast experience and expertise in the field of providing accurate medical billing service. For more information on the services offered by them you can logon to their website www.activemds.com.