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Virtual assistants automate insurance verification processes and ensure that patients' insurance information is accurate and up-to-date.
Dental assistants can work remotely from their own computers and manage the dental office's practice with ease by logging into its practice management software.
Improve communication between medical providers, conversion of audio recordings, documentation accuracy, and provide a comprehensive secure electronic medical record.
Portiva's Virtual Medical Scribing solution is here to streamline medical documentation, cut admin costs and liberate your staff's precious time. A perfect solution for you!
Medical billing virtual assistants are becoming more popular among physicians' offices as they provide efficient support for managing operations and maximizing revenue.
Prior authorization helps doctors avoid unexpected costs and patients avoid unnecessary expenses, ultimately resulting in cost savings for physicians and patients alike.
I'm very thankful for Portiva who I know is looking after my practice while I'm gone the virtual assistants can manage prescription refills, documents they can triage patients and just kind of answer administrative questions and they can handle a lot on their own. But also, they're very good about contacting me if there's any emergency or anything I need to attend to. So I'm very thankful for Portiva they can help almost any provider almost anywhere and it really allows for some good work-life balance as I'm getting to experience right now at my family farm so I'm very thankful for Portiva and I'm very happy to use their services"
Board Certified Family Medicine Physician
Portiva's Virtual Medical Assistant - I have all the support I need. There's somebody checking my email, any patient messages. Patients are still able to schedule and handle any scheduling issues and any kind of billing that needs to still go through. Portiva hands handles it all for me. I have support i have somebody that I can access 24/7 pretty much. It's all very seamless. If somebody has an emergency or needs a medication called in. I know that the va's at portiva will handle that for me.
Board Certified Family Medicine Physician
Pysician Billing refers to the professional handling of billing for medical services provided to individuals covered by medical insurance. It involves the administrative tasks carried out by a medical office, such as patient visits, appointment scheduling, patient information verification, payment collection, and medical invoicing.
Professional Medical Billing encompasses a range of administrative responsibilities within medical offices, including managing appointments, greeting patients, registering and verifying patient information, and processing payments. It also involves the accurate documentation and billing of specific inpatient and outpatient treatments to the patient’s insurance plans, highlighting the importance of proper documentation.
It’s a myth that outsourcing medical billing services will result in a loss of managerial success in your company’s operations. A trained and committed outsourced billing expert has led many people to feel they have better control over their medical billing procedures and the money involved. This heightened level of control is directly related to the operational advantages of outsourcing your medical services.
Businesses that outsource medical billing can save not just time but also money on staff salaries, office supplies, and the cost of buying, maintaining, and upgrading billing software. Timely claim submission and generous reimbursements will lead to lower overhead costs, increasing revenue.
It is completely safe to outsource your billing operations to a third-party service provider. Established outsourcing firms offer a very open and transparent billing system. To prevent security breaches, the majority of service providers use medical billing procedures that are 100% secure and HIPAA-compliant. Reputable outsourcing providers have the necessary security and infrastructure to provide a haven for medical billing outsourcing operations. Businesses need to be assured that their data is always kept confidential.
The laws governing medical billing are always evolving. Keeping up with all the changes can be time-consuming and difficult for any firm. By outsourcing your medical billing needs, the outsourcing partner will manage the changes in rules and regulations as they will make it a point to stay updated with the most recent changes. This gives you more time to concentrate on other operational aspects.
The medical billing process consumes, on average, 30–40% of a company’s revenue. They can avoid spending a lot of money that is not necessary by outsourcing medical billing. Outsourcing eliminates the need to hire a dedicated medical billing group and the associated costs of training them and keeping them current with new regulations.
When a company outsources medical billing, it no longer needs to purchase the latest equipment or billing software. Financial health is no longer required for expensive software upgrade investments and revenue cycle management. The costs are significantly lower because one does not need to own a full billing system. In many cases, one can get started without making any initial capital investments.
When medical billing tasks are delegated to a third party, health professionals can focus more on their patients and less time on their billing tasks. You should focus on your core competencies, such as providing high-quality patient care, and contract out the ancillary business operations to service providers.
Most service providers have highly skilled employees familiar with all business requirements for outsourced medical billing and coding. They examine and monitor all payments to ensure that all carriers make appropriate payments. To cut costs, every outstanding claim is monitored until it has been handled and the full amount is paid.
The medical community is becoming increasingly concerned with the latest iteration of the ICD, ICD 10. The new coding modifications have significantly affected how health providers manage their time and receive payment. When medical billing is outsourced, the outsourcing company, which is typically already familiar with the complex regulations involved, will handle all the coding changes brought about by ICD 10.
Most patients find that the hospital visit takes time and is occasionally unpleasant. They must accept the various medications and care they must follow and comprehend the associated costs. A knowledgeable and pleasant staff can ensure that your patients are content during their stay while a professional service provider handles all of the financial issues. As a result, you won’t have to hassle patients about their finances, and they can speak directly with the service provider’s experienced medical billing staff. Everyone works more productively and effectively as a result of optimizing revenue.
Accessibility
Never undervalue the value of exceptional customer service. Do you have a single point of contact, and how long does it take to receive a response when you have a question? Will you regularly discuss open medical claims, monthly statistics, and financials at an A/R meeting?
In the medical field, changes are ongoing. Working with a billing service that is constantly monitoring changes to coding and insurance requirements is something you want to do. Is your billing business part of any medical billing associations? Do they go to regional and international conferences? Is their staff certified in medical billing and coding?
There are numerous EHR platforms available. You should know the billing company’s software platform and confirm that it offers all the integrations and features your facility requires.
Choosing a company that will provide you with a quick and accurate turnaround time for VOBs is critical because insurance providers are scrutinizing insurance billing more and more. If not, you risk allowing a patient into your facility who is not adequately covered for the medical care you offer.
Does your chosen billing company send letters of appeal? You should collaborate with a billing company that won’t give up when your denied claims aren’t quickly reimbursed because claim denials are unavoidable. Is legal counsel sought by your billing company when a claim requires an appeal letter? Will your company be charged an additional fee if they decide to seek legal counsel?
General Questions For You
Outsourcing professional medical billing services can significantly improve your health care management. A skilled medical biller can efficiently handle the financial aspects of your practice, freeing up time for healthcare professionals to focus on providing quality patient care. By hiring a professional medical biller, you can ensure that your billing and coding practices are accurate and compliant with regulations, reducing the risk of costly errors or audits down the line. Additionally, outsourcing billing services can provide job security for internal staff, allowing them to focus on other areas of the practice that require their attention. The balance of compensation and job satisfaction creates a healthy work environment that encourages advancement in management opportunities. Consider partnering with a reputable provider like Fort Wayne Medical Billing for feedback contact and review helpful services. With expert compliance and data analysis, they can help elevate the success of your health care practice and ensure you’re getting paid what you deserve.
Absolutely! If you’re looking for professional medical billing and recovery review services to take your healthcare practice to the next level, Portiva is the best choice. Their expert management services allow you to streamline your billing process and ensure accurate and timely payments. Their recovery review services are designed to help you identify and resolve discrepancies, ensuring that you’re maximizing revenue and minimizing losses. So why wait? Take control of your medical billing and recovery reviews today with Portiva’s top-notch services.
If you want to elevate your healthcare practice’s success, expert medical billing and recovery review services are essential. That’s why Portiva is the best choice for hiring such services. With their advanced management strategies, you can streamline your billing process, reduce errors, and improve overall revenue. Their recovery review services ensure you’re catching discrepancies and preventing losses. Portiva’s team of experts is dedicated to providing exceptional service and support, so you can focus on what matters most – providing quality care to your patients. Get started with Portiva today and advance your health care practice!
If you’re seeking top-notch medical billing services to streamline your healthcare management, look no further than Portiva. With their expert team of professionals and cutting-edge technology, Portiva can help you streamline your billing process, reduce errors, and improve overall revenue. Their commitment to exceptional service and support means you can trust them to handle all aspects of your billing needs with precision and care. Whether you’re a small practice or a large healthcare organization, Portiva has the experience and expertise to help you succeed. So don’t wait – contact Portiva today and take your healthcare management to the next level!
Financial reporting and analytics are essential for all businesses, particularly medical practices. Do you have access to the insurance and patient payments option by CPT code and policy ID number?
The total amount billed compared to the total amount collected each week, the typical claim turnaround time, and the percentage of payer reimbursement for all levels of care are additional crucial data points. Contact Portiva today!