Billing for New Practices

Business Strategy on BlackboardIf you are a new practice, or are thinking of starting  a new practice in the medical or healthcare fields, we would first like to congratulate you on this new adventure in your life!

Entrepreneurship is very exciting and you will discover many things in the coming months. Both about yourself, and the business you are working very hard to run. Among these discoveries you may find that it seems there is never enough time to get everything done. As a new practice, you likely need to acquire office space, hire staff, purchase equipment, develop a marketing plan, and much, much more.

On top of all this, you will also need to develop a billing system that works for both you and your patients. Like many of the tasks involved with running a business, you have some choices in regards to how you want to accomplish them. If you are considering your options regarding your billing practices, there are generally two basic choices.

You either keep the billing in house and hire staff, or you hire a medical billing services provider. For new practices it is often more cost effective and efficient to go with a medical billing services provider.

If you decide to hire a medical billing services company, it is beneficial to consider the following before making your decision:

  1. Average collection rates
  2. Accuracy of medical claims filed
  3. Years of experience in the medical billing industry
  4. Responsiveness and customer service
  5. Cost of the service

If you are considering hiring a service provider, please keep us in mind. We have been providing services since 2005, are dedicated to providing you with the highest level of customer service and keeping your costs down. For instance, practices are usually able to cover the cost of our services by seeing one extra patient per week. Additionally, we take on many of the other aspects of billing that can be time consuming and tedious. We can also help your practice better understand which CPT and ICD9/ICD10 (diagnosis) codes are appropriate, as well as help you convert things over when the industry requirements change on October 1, 2015. It may seem like you have time, but is important to begin getting ready now.

We want to help you, so please read more about us here, or contact us so we can discuss how our services can help you realize your entrepreneurial vision!

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    • Phone: (907) 440-5900

    • Address: PO Box 221795, Anchorage, AK 99522-1795

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