Reasons to Use CareMed Partners “Medical Billing Solutions”
In a highly competitive business environment, companies need to stick to their core competencies and utilize outsourcing to reduce their costs and become more effective in delivering their services to their customers. A companies’ business success becomes directly linked to their relationship with their outsourcing partner. Here at CareMed Partners we offer an industry leading foundation on which to grow your business.
Let’s look back thirty years and observe the state of the industry in the 1980s. Most healthcare providers handled their own billing within the company. A physician would provide care to a patient and send the bill to the patient’s insurance company. The physician set the price, and the insurance company paid the bill – it was that simple. Office clerks could manage the receivables for a practice of multiple physicians, including billing, receiving and tracking payments, and following up on unpaid bills.
Unfortunately, the situation is much more complicated now. Insurance carriers control the majority of the power in the healthcare market. As a result, many practices are turning to medical billing companies to manage their payment processing cycle. As the physician, you will still need to code the procedure, but we can verify its accuracy, call attention to potential issues, keep up with changes to the coding rules, and help the provider stay informed. We can handle the entire collection process, including follow-up with carriers and patients. We also provide services to help with the credentialing process, which can be very time-consuming, especially for offices where multiple physicians have different specialties.
- Focus on quality healthcare – You take care of the people; let us work behind the scenes to make your job easier.
- Coding is becoming more complex – Insurance carriers and regulatory agencies are constantly changing their rules and making updates. Our specialists are always up to date.
- Increase payout percentage/reduce Collections – Getting you paid is our primary focus – we don’t get paid unless you do.
- Reduce administrative costs, overhead expenses, and payroll costs – Let us do the training and upkeep, we’re doing it anyway.
- Reduce compliance costs and the need for medical billing software – Remove unnecessary costs; start chipping away at the bottom line.
- Reduce Mistakes – We’re an award winning medical billing company for a reason.
You need to do what you do best, let us handle everything else.
Skeptical? Give us 30 days to show you what we can do, at no cost to you.
