How is internal medicine billing different than other types of medical billing? To answer, we must recognize the unique properties of internal medicine. Does diagnosing disease require more time with patients, more physician collaboration or prescription medication? As each case is different, answering these questions in a general sense might not be realistic. Therefore, you must ask them as you are seeing patients and documenting visits.
How Does Internal Medicine Billing Work?
The process begins with serving a patient – running tests, scans, and physically assessing the condition. Next is diagnosis and treatment – which physicians analyze the results, how much time is spent in the practice and what medication or advice is given to resolve the illness. Keeping records can seem tedious, but it is crucial to a strong internal medicine billing system. A medical coding specialist later translates the visit into the appropriate numerical codes, which is the basis of communicating with providers and getting paid promptly.
Hiring a coder, biller or even a team of in-house employees for this process can be costly. Sometimes clinics cut corners, which results in cut revenue. Instead of under-hiring or struggling with building an adequate team, Billing Advantage can bill insurance providers and your patients. We maintain HIPAA compliance and any other state or federal regulations, so that the stress is off of your team and you can focus on patient care. Billing Advantage is also responsible for proper collections and billing follow-up, saving you time and hassle while increasing revenue.
Internal Medicine Billing Software
The right billing software can assist organization with the in-house processes of a clinic and billing. However, as with all software, there are some security risks. Software also doesn’t monitor the practice alone; it takes a trained staff member to work alongside, interpret and manage the software.
Kareo is one of the top ranked billing software programs, and it’s the software utilized by Billing Advantage experts. From day one, your clinic can be assured that data exchange is secure and reliable. You can also access it at will, 24 hours a day, every day of the week. An additional advantage is that a Billing Advantage representative can train you on how to use the program.
How Much Does Internal Medicine Billing Service Cost?
Internal medicine billing and procedure is not an area of your practice to skimp on or gloss over. It’s the lifeblood of your revenue and continued service in the community. If your practices are outdated or your system doesn’t have the proper checks and balances, you’ll easily lose thousands of dollars each year.
On the other hand, you can hire Billing Advantage with a one-time startup fee of $200 per clinician, plus a small 5-7% of the amount you receive. To learn more about the many services offered by Billing Advantage, contact us today!
Submit a free quote request and see how we can help your business.