Outsourcing your billing...
Is it time to consider outsourcing your medical billing and practice management?
Current News:
October 24, 2011
ANSI 5010...ARE YOU READY? WE ARE!
What is ANSI 5010? ANSI 5010 is the new version of HIPAA transaction standards that regulates the electronic transmission of healthcare transactions. The 5010 standards will replace the existing 4010/4010A1 version of HIPAA transactions and address many of the shortcomings in the current version, including the fact that 4010 does not support forthcoming ICD-10 coding.
When must the transition to ANSI 5010 be completed?
By January 1, 2012, practices will need to complete electronic transactions in an ANSI 5010-compliant format. These electronic transactions include claims, eligibility inquiries and remittance advices. Failure to comply may result in denied claims, slower payments and increased customer service issues.
Here at Physicians Office Resource we have the latest billing software in place and are already compliant with these federally mandated changes. Call us today if you are concerned about your ability to comply with these new billing requirements.
IF YOU HAVE PURCHASED NEW EMR/BILLING SOFTWARE, CALL US!
Having untrained staff attempting to learn the new system AND effectively keep your billing/cash flow cycles current can be financial disaster for any practice. We can handle your billing needs remotely...right out of your software! We are already successfully serving several clients in just this capacity!
Why Outsourcing?
Outsourcing is a bright idea that saves you time and money. Providers are finding it more and more frustrating to receive reimbursements from patients and their insurance carriers. Physicians Office Resource, Inc. will handle your patients’ financial matters and relieve you of this frustration.
Listed below are some of the benefits you will have by outsourcing your billing needs to Physicians Office Resource, Inc.
- Continuous follow-up on all claims submitted
- Payments and all correspondences go directly to your office
- No lost time due to employee turnover, new employee orientation, or sick/vacation days
- No Billing Department employee salaries, taxes or other paid benefits to pay. Also, valuable work space will be freed up within your office.
- We stay with the current billing & procedure guidelines by regularly attending several classes in accredited seminars, forums, and publications.
- Avoiding expenses for staff trainings, seminars, and other continuing education.
- Freeing up staff from billing responsibilities to dedicate more time on patients and other administrative tasks and responsibilities.
- Reduce your overhead (HCFA forms, postage, stationary, envelopes, etc.)
- We serve as an experienced advisor regarding all billing concerns and act as a liaison to the insurance companies on your behalf
- Less stress for you because you don't have to keep track of ever-changing billing rules and regulations
- All patient billing inquiries are handled in our office, which frees up your telephone lines.
- All required insurance forms are generated from our office
- No clearinghouse fees
- Eliminate costly hardware, software and support fees.
- No worries from data backup
- Complete confidentiality & security of your patient data.
- Personalized and comprehensive support for your practice
- Saves you time and energy
- We always perform to meet your needs
