Monday, 10 February 2014

10 Questions to Ask Before Hiring Medical Billing Services

The American economy has been weathering rough conditions over the last few years. Amid such a critical scenario, hiring medical billing services is certainly a big decision – how to choose the best to manage this integral aspect of your business’s success? There are several medical billing companies out there, and you should consider them only upon finding robust answers to the following questions, applicable to any medical practice.

1. Do you have professional affiliation or certification? Does the company maintain certifications and affiliations such as H.B.M.A?
2. How much will the medical billing cost? Make sure that the rates are below 8% of the total collected charges. Also inquire about the start-up fees, data conversion charges, termination fees, or other additional costs. Whether, there is any extra charge for the patient collection follow up and other services?
3. Does the staff have professional training? Are they certified? Is there any ongoing training that they receive? Do they use radical medical billing software and the latest resources?
4. What is their prior experience? Do they have testimonials or references for similar kind of work done before?
5. Are they HIPAA compliant? Do they have any compliance plan? What are their security protocols?
6. Who owns your billing information? Do you have the ownership of your data or the medical billing company?
7. Do they offer guarantee of transparency?
8. Do they work on the web based medical billing software? Are most of the services offered electronically?
9. Are they available for communication?
10. Does their billing process follow up with items that they don’t manage? Ask upfront what they will offer and what not.

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