Here’s Why You Should Outsource Your Ob/Gyn Medical Billing to an Expert Billing Company?
Introduction
If you’re an ob/gyn physician with a busy practice, there’s no denying that medical billing is time-consuming and difficult. With so many patients to see and treatments to administer, it’s hard to find the time (or energy) to keep on top of your office’s billing practices. That’s why outsourcing your ob/gyn medical billing can be such a boon for your business.
When you outsource your ob/gyn medical billing services—whether it be for insurance claims processing or just general bookkeeping—you free up valuable time that could otherwise be spent on patient care or other aspects of running your practice well. You’ll also benefit from a more streamlined process thanks to expert knowledge in this area, along with specialized software programs developed specifically for health care providers like yourself (and their unique needs).
CPT code Range
The CPT code for Ob/Gyn ranges from 56405 – 58999, including procedures done in the female genital system and maternity care & delivery.
Guidelines
Antepartum care includes:
Initial prenatal history and physical examination
Subsequent prenatal history and examination
Recording weight, blood pressures, fetal heart tones, routine chemical urinalysis
Monthly visits up to 28 weeks gestation
Biweekly visits to 36 weeks gestation; and weekly visits until delivery
The coder should code any other visits or services within this time separately
Coders should not consider pregnancy confirmation during problem-oriented or preventive visits as a part of antepartum care, and they should report using the appropriate E/M services (99202 – 99215, 99241 – 99245)
Delivery and postpartum services (59410, 59515, 59614, 59622) include delivery services and all inpatient & outpatient postpartum services.
Outsourcing ob/gyn medical billing has many advantages.
There are many advantages to outsourcing your ob/gyn medical billing services.
Outsourcing can save you time and money. If you’re working in a busy practice, it’s easy for billing to get pushed aside. When this happens, it can take much longer than necessary to get paid by insurance companies and other third parties. With an outsourced service provider handling all of your billing, there will be less paperwork for you to deal with so that they can focus on providing high quality care for patients instead of focusing on paperwork!
Outsourcing improves practice efficiency by freeing up valuable resources such as physician time, staff time and IT resources which can then be used more effectively elsewhere within an organization (like patient care).
It provides more accurate billing because each patient encounter is coded correctly so there is no chance of overlooking anything during processing which could lead up into errors occurring down line throughout process flow steps such as payment posting dates being late due too late information being entered into system correctly before finalizing payment requests etcetera…
Reduces Costs
Medical billing outsourcing reduces costs in a variety of ways. First, outsourced medical billing companies can reduce the cost of wages by hiring workers from developing countries with lower wages and fewer benefits. Second, they have less overhead because they don’t have to maintain as many offices and hire as many employees. Thirdly, outsourcing your ob/gyn medical billing allows you to focus on what matters most–your patients–while letting an expert handle the details for you. Finally, outsourced companies often use newer technology than what is available locally which saves money over time because it requires less maintenance than older systems would require
Increases Efficiency
Increases efficiency.
Reduces the time spent on billing.
Allows you to focus on your patients and practice.
Guarantees Accuracy
The importance of accuracy in medical billing cannot be overemphasized. As a healthcare provider, you have to be sure that all the data is correct and accurate before sending it off to be processed by an insurance company. If there are any mistakes or discrepancies in your claims, this can lead to reimbursement problems for your practice. And as a result of these issues, it may also mean lost revenue for your business (and possibly even legal trouble).
To avoid these problems altogether, many physicians choose to outsource their medical billing needs instead of doing everything themselves at their office or clinic–and there are plenty of reasons why outsourcing makes sense:
Reduces the Burden on Your Practice
In today’s medical practice, there are many tasks that can be outsourced. For example, if you have an Ob/Gyn practice and want to reduce the burden on your team, consider outsourcing some of these services:
Billing and coding
Insurance claims processing
Patient billing (including co-pays)
Medical coding (including ICD-10)
The benefits of outsourcing these services include:
Offers Better Patient Care
When you outsource your medical billing, you can focus on what’s most important: patient care and growing your practice. You’ll have more time to spend with patients, which will help them feel comfortable in their environment. You also won’t have to worry about billing issues or insurance claims being denied because they were filed incorrectly.
When you work with medical billing company like Everest A/R Management Group Inc, they handle all aspects of the process for you so that everything runs smoothly from start to finish. Your team will be able to focus on what matters most–providing quality care at affordable rates!
Provides Detailed Reporting on Practice Performance
Outsourced ob/gyn medical billing services provide detailed reporting on practice performance. This information can be used to set baselines for future comparison and identify patterns and trends, allowing you to improve patient care.
Outsourcing your ob/gyn medical billing can save you time and money, reduce practice costs and increase efficiency, accuracy, and ROI.
Outsourcing your ob/gyn medical billing can save you time and money, reduce practice costs and increase efficiency, accuracy, and ROI.
The cost of hiring an employee: The average salary for an RN (Registered Nurse) is $66,920 per year according to the Bureau of Labor Statistics. That’s not including benefits or taxes!
The cost of hiring a billing company: Many companies charge between 10%-20% on top of every claim they submit on behalf of their clients; Everest A/R Management Charge between 6% to 10% this means if your practice has $1 million in revenue for example, it would cost anywhere between $600k-$100k just to outsource all the medical claims! For comparison purposes let’s say we took our hypothetical practice above with $1 million in revenue but decided instead that we wanted our own employees rather than using an outside service – now imagine having to pay each person who worked with your patients directly…your costs would skyrocket even further! In addition there are other factors like training time which have been omitted here due to space limitations but would also add additional expenses when comparing options side-by-side.”
Conclusion
In the end, outsourcing your ob/gyn medical billing is a win-win. You get to spend your time doing what matters most–caring for patients–while we take care of all the tedious tasks that keep your practice running smoothly. We understand how busy you are and how valuable every minute of your day is. That’s why we offer affordable rates and flexible plans so that you can choose what works best for your business needs. For a FREE Consultation, please Contact Us!
