Top 3 Ways a Medical Coding Company Saves Practices Money
by Applied Medical Systems
Making your medical practice as efficient and cost effective as possible is a constant concern. Finding ways to lower overhead costs, while maintaining a desired level of professionalism and patient care is no easy task. A simple solution to this consistent battle is to outsource your practice’s medical billing and coding needs. The top three ways a medical billing and coding company can save your practice money are by maximizing billing reimbursement, offering a skilled and diverse professional team, and allowing you to reallocate your time and efforts.
Process claims in a timely manner
When it comes to medical billing, accuracy is the most important way to get your claims generated and processed in a timely manner. In doing so, you ensure maximum reimbursement with fewer hiccups and delays. And since maintaining the coding and billing software is the responsibility of the outsourced company, this saves your practice a great deal of overhead cost.
Eliminate the overhead of an in-house team
Hiring and maintaining an in-house team to handle all the various tasks of your practice is expensive, particularly when the job necessitates staff certification and much needed experience. A professional medical billing and coding company will prepare and submit medical claims, while also handling any customer service needs for inquiries regarding patient accounts. They will also handle all coding and compliance updates that are near impossible to manage on your own.
Spend more time with patients
Most importantly, relieving your practice of the billing, coding, and practice management tasks permits you to get back to the root of your medical practice; serving patients. Being able to focus on core business activities results in equipment reduction, significant cost savings, and increased efficiency; by letting you follow your passion and not your paperwork!
Applied Medical Systems is a medical billing and coding company with more than 30 years of experience
Applied Medical Systems was started in 1979 as an emergency medicine billing company in Durham, North Carolina. Today we provide billing, coding and practice management solutions to various healthcare specialties across the U.S.; including hospitals, private practices and emergency department physician groups.
By utilizing the latest in technology-driven solutions we produce claims paid with minimal denials which means expedited cash for your bottom line, literally. As a result we've helped providers and practices across the U.S. to maximize collections, optimize compliance and streamline operations.
Contact us today for a free consultation with one of our billing and coding specialists.