The healthcare industry is constantly changing, and the job descriptions for office managers and staff are growing longer and longer. It’s hard enough to keep track of your responsibilities in a busy practice—whether it is a hospital, doctors office, imaging centre, or a lab—but it’s almost impossible to keep your focus on patient care with so many things going on.
So, what’s the answer?
There’s one person who can simplify and streamline your medical billing process, so you can get back to what matters most—providing quality healthcare to your patients. A certified medical billing specialist typically has a bachelor’s degree in business, or something related, and is proficient in dealing with electronic medical records. This can be a confusing and time-consuming task for someone who lacks the experience and proper training, which is why having a certified specialist on your team is a smart choice.
What Does a Certified Medical Billing Specialist Bring to the Table?
It is a certified medical billing specialist’s job to analyze patients records and ensure that all billing is accurately coded for proper compensation. They follow up on insurance claims, exceptions, and exclusions in a timely manner, and interpret the patients’ insurance benefits. Medical billing professionals also fulfill medical record requests and provide missing information for insurance agencies, which makes it easier on big, busy healthcare organizations who don’t have the time to do those things themselves. And while it may not sound too hard, checking up on aging accounts and unpaid claims can be a lengthy, confusing task for someone who isn’t educated in doing so, particularly when coding regulations and requirements change.
Certified medical billing specialists can serve as a strong suit to all different types of healthcare facilities and organizations. Hospitals, physicians’ offices, imaging centres, and labs are all examples of businesses that could benefit from having a medical billing professional on their team. Whether a certified medical billing specialist is “worth it” or not isn’t a matter of question, as their job is to ensure you receive the maximum reimbursement for services provided.
Even with the hundreds of occupations composing today’s ever-expanding market, medical billing specialists remain extremely valuable assets to the economy. According to the Bureau of Labor Statistics (BLS), this career field is going to grow twenty-two per cent by 2022; increasing at a much faster rate than the average. And the reason is simple. They can handle all aspects of back office billing, shortening reimbursement cycles, increase revenue streams, and maximize profitability. That means you can focus on providing high-quality care to your patients without stressing about your bottom line. So, if you need the extra help, perhaps it would be in your best interest to consider a medical billing service company with highly skilled certified medical billing specialists.