Getting Customers In The Medical Billing Field
You have finally gotten to the point in which you can call yourself a professional medical biller. It took you years to get here. You have your ICD-10 certification and understand how revenue cycle management works. Working for a boss no longer seems appealing to you. You are now wanting to start your own business. Having a medical billing business is a lucrative field to be in. Many medical billers spend years trying to find clients to work with them. Many Oncologists, chiropractors, mental health providers and podiatry doctors look for billing companies to increase their revenues.
It is clear that billing in 2016 is going to get a lot harder and billing companies are going to reap the rewards of their hard work. For years, medical billing companies had to battle for business against stay at home medical billers. With the new ICD-10, it is a lot harder and 9 out of 10 times, home billers do not have the right software to work with professional healthcare establishments. This makes medical billing a lucrative and great industry to be involved in.
The reason why medical billing companies are doing so well today is because they are showing that outsourcing gets you higher revenues. When you have a professional billing business doing something 100% correct, you don't have to worry about the money part. If you have a good revenue cycle management program and utilization management, the MD's are going to say, "I should work with you because I want to receive excellent results."
There are a lot of medical doctors today that earn low revenues because their in house billing team has messed things up. They have messed things up so bad that everyone else around them is hurting financially. Did you know that a poor in house billing plan can cause a doctor to lose 20% to over 40% of their yearly revenue? Sometimes claims get rejected so many times that doctors give up on them altogether.
If you can prove that your company is the best in the business, then more companies are going to want to work with you. You can receive a lot of customers by simply throwing in some extra services such as: electronic medical billing, utilization review, benefit documentation, electronic charge capture and follow ups on all claims. You need to show that you are willing to work hard for the physician 24/7 to get them paid.
Acting like an aggressive collector in front of your client is often good. When a client sees that you care about their business, they are more prone to work with you. Many billing businesses will suffer if they cannot do a better job than an in house biller can. Set the business up to be professional. Don't set up a home office. Most doctors frown upon working with stay at home billers. Instead, rent out some office space.
It is clear that billing in 2016 is going to get a lot harder and billing companies are going to reap the rewards of their hard work. For years, medical billing companies had to battle for business against stay at home medical billers. With the new ICD-10, it is a lot harder and 9 out of 10 times, home billers do not have the right software to work with professional healthcare establishments. This makes medical billing a lucrative and great industry to be involved in.
The reason why medical billing companies are doing so well today is because they are showing that outsourcing gets you higher revenues. When you have a professional billing business doing something 100% correct, you don't have to worry about the money part. If you have a good revenue cycle management program and utilization management, the MD's are going to say, "I should work with you because I want to receive excellent results."
There are a lot of medical doctors today that earn low revenues because their in house billing team has messed things up. They have messed things up so bad that everyone else around them is hurting financially. Did you know that a poor in house billing plan can cause a doctor to lose 20% to over 40% of their yearly revenue? Sometimes claims get rejected so many times that doctors give up on them altogether.
If you can prove that your company is the best in the business, then more companies are going to want to work with you. You can receive a lot of customers by simply throwing in some extra services such as: electronic medical billing, utilization review, benefit documentation, electronic charge capture and follow ups on all claims. You need to show that you are willing to work hard for the physician 24/7 to get them paid.
Acting like an aggressive collector in front of your client is often good. When a client sees that you care about their business, they are more prone to work with you. Many billing businesses will suffer if they cannot do a better job than an in house biller can. Set the business up to be professional. Don't set up a home office. Most doctors frown upon working with stay at home billers. Instead, rent out some office space.
About the Author:
Ideal Billing Solutions is one of the best medical billing service companies in the United States. We examine your present revenues and get them higher. We have an excellent track record of getting more money for our clients. There are a lot of medical billing company names that you can choose from. We hope that you will choose us.
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