How To Make Medical Billing And Practice Simple

There was a time when billing process and practice were quite difficult to handle. The process of navigating insurance regulations and codes were complex and difficult. A properly submitted form must include the right codes, classifications, and terminology, or else you will not receive your payment. But lately, billing process and practice have become efficient and simple with a combination of standard, basic communication tools with enhanced security features to comply with HIPAA. But lately, billing process and practice have become efficient and simple with a combination of standard, basic communication tools with enhanced security features to comply with HIPAA.

Why Is It Best To Hire Billing Company?

It is best that the medical practices are partnered with a company that specializes in the healthcare business. As a professional company, they know how to cut through the complexity of the business and how to speak to the right individuals.

The biggest benefit of having a company to take care of your medical practices is the time it gives you back. Most people have a hectic schedule divided between family obligations, work, and other responsibilities. After all of that, who wants to spend their leisure time on a complex and head aching process when you can opt to hire a team of professionals to take care of your medical practices?

That’s where companies like GREENPOINTMED come in. They are efficient and save your time and money. They advocate day in and day out for you.  GREENPOINTMED also offer mental health billing service.

Why Mental Health Professional Billing Differ?

Mental health professionals have billing needs that differ from other medical professionals. It is customary for many types of medical doctors to have large office staffs, with many administrators handling the billing and claims.

However, many mental health practices run on much inferior financial margins than their medical counterparts and therefore the saddle of billing often falls on the counselor or small office staff. Perhaps due to this reason, sadly, many practices accumulate less than 85 percent of the money they owed from the Best private health insurance uk company.

But partnering with billing companies, you can do much better than this! With a strong knowledge of billing, you can expect to collect 95 percent to as high as 99 percent of your claims. Insurance payouts normally take 30 business days from the date the insurance company received the claim until the payout is received. But is does not always take that long.

The industry standard of ‘clean claims rate,’ the percentage of claims that pass through to the insurer without issues is around 92 percent. But in GREENPOINTMED the percentage of claims that pass through to the insurer without issue is 97 percent. Payout times on claims they submit are also among the shortest periods for RCM vendors. They average about seven days for commercial insurers and ten business days for Medicare. They can be so precise, that they are often able to predict when a payment will be made.

Why wait, rope in an experienced service today to discover how they can make your business experience simpler through their billing & credentialing solutions. You will not be disappointed for sure.