How FEAR is hurting your medical practice

F.E.A.R.
False Expectations Appearing Real

Apart from an ax wielding maniac chasing you, fear, and our response to fear is more of an irrational burden than a life saving blessing. Narrowing the response down to the subject of change, we may tense up and stubbornly hold on, responding emotionally than proactively and effectively when we are stuck in our way.

On one hand, change may be for the worse, on the other; it may improve your medical practice and life tremendously. In our minds, redundantly, change is catastrophic. The power to let go of that default thought pattern is sometimes hard to find.

My practice is fine, why should I continue reading? Because it’s easier to believe you’re fine than to face the reality that your practice could be improved.

Change requires us to surrender control of a known outcome -this is why we tend to eat a familiar food when we’re really hungry than try a new cuisine, but not if we’re starving to death. At ropes end is when we make the changes necessary to survive. The point of this blog is to prevent you and your medical practice from ever reaching that point of starvation.

The majority of our clients who have initiated contact with us for medical billing and practice management services were on the brink of bankruptcy. They resisted the changes necessary in technology and their medical billing strategy had become severely obsolete. Their resistance nearly destroyed their practices. They feared the transition of switching medical billing services would take months. In reality, their claims were paid in as little as two weeks.

They didn’t know it was possible to triple their reimbursements, and charge the insurance companies interest on withheld payments. You’ll be surprised what you will find when you JUST. LET. GO of what you think you may know.

So why is there so much resistance and fear correlated with medical billing companies?

Searching for the right medical billing company may be tricky. With the use of convincing websites, fabricated experience, over promised and under delivered services, providers are all too weary of phony billing companies who will only end up selling their account to the highest bidder on the market or downright screwing up your billing.

So how do you differentiate the pretenders from the pros? Ask the right questions!

Here is a list of questions that will help you sort out the real deal from the imposters.

  1. Which diagnosis should be billed as primary: Vomiting, Fever or Laceration?
  2. Why should a pain diagnosis be billed first?
  3. When should you bundle/unbundle codes?
  4. How can you (the physician), increase reimbursements from better dictation?
  5. How can I negotiate a higher rate on my contracts?

And these are the answers you’re looking for…

  1. Fever should be billed as primary. A fever supersedes all other diagnosis.
  2. Pain as a primary diagnosis pay higher! The cause for pain as secondary will yield a higher reimbursement.
  3. Diagnosis codes should be bundled by the appropriate modifiers when multiple procedures performed are inclusive to each other.
  4. Summarize your dictation at the beginning using bullet points, and then conclude the dictation by going into detail of each bullet point.
  5. Based on the saturation of your specialty in your area, your contract may be renegotiated for a higher reimbursement rate.

Certified Healthcare Network is a medical billing and practice management service that is dedicated medical providers and maximizing their reimbursements & office work flow.

We offer the best medical billing and practice management solutions and services at competitive rates, and will increase your cash flow, guaranteed.

For more information on how CHN can boost your bottom line, please contact us at Connect@chnbilling.com or call us at (888) 504-5114

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