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May
03
2012
0

Medical billing services and HIPAA

Receptionists, attendants and nurses of physicians perform many tasks for doctors in order for the doctor to focus on their main function of healing patients. As such, these helpers provide administrative assistance, such as setting appointments, performing billing services and payments. These activities can be time consuming and tedious. Physicians look for cost-effective means, such as electronic bill presentment and payment to address these tasks. In addition, HIPAA (Health Insurance Portability and Accountability Act) provides additional legal guidelines that must be complied with by physicians, healthcare companies, and other companies providing medical functions, like outsource billing services.  It is intended for those who have direct patient contact or are responsible for safeguarding patient information.

The health insurance plan industry tries to ensure physicians are concentrated on their main function of caring for the patients. Other services, such as filings of medical claims are expedited efficiently and effectively. Patients are attended to quickly and with proper care because the administrative tasks of preparing invoices are handled separately. Outsource institutions are widely recognized in the industry as having the capability of providing sufficient resources, such as auditors, medical accounts receivable specialists, auditors to handle all aspects in the claims syndication. They can provide numerous services like patient billing, claim transmitting, and payment submission. In providing these services, they ensure all the work is directed towards making them HIPAA-compliant with regards to physicians. Some benefits of HIPAA compliance are proper storage and retrieval of records, secured privacy of data, health-related encoding standards, use of web based health care billing applications, electronic firewall software defense against viruses, and guidelines for accounts receivable services. In accordance to the compliance standards of HIPAA, physicians are assured of a high degree of data quality, speedy verification of insurance policies. It is advisable for physicians to use outsourcing companies who are familiar with HIPAA policies and rules.

There are two significant changes concerning standard transactions and code set. The first change will happen in January 1, 2012 with the launching of the new version of HIPAA standards, also known as 5010. The second change is expected on October 2, 2013 and will involve replacement of diagnosis codes and procedure codes. You should go to the HIPAA website for further details regarding these changes. You should also inform outsourced companies that are handling your transactions,

Written by in: Billing |
Nov
11
2011
0

Statement Outsourcing

Statement Outsourcing: What are some of the Benefits?

You especially want a company that has state of the art technology and upgrades it as needed. You want this technical expertise so you do not have to be upgrading or replacing your billing software all the time. You want a company that can do things you cannot do or cannot afford to do like custom on the fly printing so can put images, information and advertising messages on your invoices in order to communicate with your customers. When all this is done wisely it will save you time and money, which was probably your goal to begin with.

Statement Outsourcing: But Still in Control

One of the worries that frequently come up when a company is considering outsourcing their statement processing is that they fear losing control over the process. Companies that offer statement-outsourcing services have the technology to plug into customers’ systems - so the customer has the full ability to view statements online, print them out and create almost unlimited reports fully customized to help run the business.

Some of the services involved include data processing and conversion, statements being emailed to customer, document can be printed and mailed to the customer, and everything is saved and time stamped for proof of delivery.

Statement Outsourcing: Some Things to Consider

If you need high speed and high volume, you will need to shop around to find a company that can handle that load with ease. You will also want the flexibility of variable data print and mail. To get full benefit out of a service, such as image and message printing, you will want your service to have high-speed digital color printing available. All this should help you reduce costs and improve your statement delivery.

Written by in: Billing |
Nov
03
2011
0

Cheap Car Insurance for Young Drivers

Beginning Drivers and Car Insurance Rates

Finding  young drivers cheap car insurance is a process that can take a lot of time and research. Because most car insurance rates are dictated by statistics and general trends, young people who are just beginning to drive are often subject to relatively high premium rates created by the frequency of accidents caused by drivers in their particular demographic. Is there a way around this dilemma? Careful shopping and tracking down a number of available discounts can often result in an inexpensive car insurance policy even for someone who is behind the wheel for the first time.

Compare Rates

Today it is easy to obtain a number of rough estimates on insurance from many of the insurance companies serving your local area. Visiting each company’s website or using a service that compares multiple quotes simultaneously can give you some idea of what amount you can expect to pay. Insurance agents, on the other hand, have valuable experience in finding cheap car insurance for young drivers, and you can benefit from their knowledge and connections to get a rate that is not advertised to the public. Whatever method you use, don’t settle for the first quote that you find; shop around like you would for any other expensive item.

Ask About Discounts

Most insurance companies offer a large number of discounts as rewards for good behavior. Often these discounts are based on the individual’s driving record, which a beginning driver does not have yet. Good student discounts, discounts for taking driver’s education classes, and rewards for installing anti-theft devices on the vehicle are also common, though, and these can result in surprisingly cheap car insurance for young drivers. Be sure to get a list of the other discounts offered by the insurance company; you may be surprised at how many a young driver is eligible for.

Talk with other satisfied customers, consult a local insurance agent, and try to build up as many discounts as possible to achieve a lower monthly premium.

Written by in: Billing |
May
25
2011
0

Enhancement through Outsourcing Billing

Although it has been used for years, the word outsourcing has exponentially grown in usage in our conversation today, with an increasing number of companies are outsourcing portions of their business to other individual people, to other companies as well as to other countries. In the next few paragraphs, discover not only a definition for outsourcing billing, but also the many potential benefits that it will deliver to your company.

Defining the Term
By simple definition, a company choosing to outsource is simply employing outside companies apart from their own to manage various facets of their business not related to their core business activity. A simple example would be hiring an outside landscaping company to take care of your business’ grounds. Outsourcing billing follows this same definition, only in place of hiring an outside company to care for your laws and gardens you are hiring an external provider to handle all of your company’s billing processes.

Benefits of Outsourcing
Like any change to a business structure, choosing to outsource may cause some discomfort and fear to those in management. As you will be contracting with outside sources, you may be concerned that you will lose complete control over the inner workings of your business. However, there is no reason for anxiety if you have previously established a solid contract clearly outlining all of your requirements. Often you will even see even greater results as these outside companies are working particularly hard, desiring to retain their contracts. Outsourcing billing for your company carries a hard to ignore benefit-outsourcing allows you to profit from the specialized expertise of others. In addition to the advantage of a greater pool of talent, outsourcing can also save company money. Take advantage of the benefit of competition by advertising you company’s needs and choosing the lowest bids. With your business running smoother, at a lower cost, you now have more money at your disposal to invest in growing your business.

Seeing the multiple benefits resulting from outsourcing, start strengthening your business today and begin enjoying the fruits of your labor by outsourcing billing for your company.

Written by in: Billing |

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