Research from the Office of the Inspector General found that more than 300 physicians received $3 million from Medicare in 2013.
Once Saint Francis Hospital in Poughkeepsie, New York, implemented a new software billing program, there were problems from the start, but no one could have anticipated the hospital filing for bankruptcy protection.
By outsourcing low priority accounts to a third party service provider, billing departments can focus on their important operations and ensure that they are managed perfectly, mitigating the risk of making a mistake and delaying any accounts receivable operations.
Your low-priority and low-balance accounts can be easily managed by outsourcing, particularly to a third-party organization that understands third-party insurance claims and other aspects of medical billing.
With so much attention on health care insurance, hospital billing procedures and overall financial operations in the medical industry, it’s important for billing and accounts receivable departments to ensure they are operating efficiently without making any mistakes that could impact the integrity of their department.