Many alcohol rehabs today are pulling their hair out of their heads. They are asking themselves how they can make more profits. Most treatments centers today are not highly profitable. Most are barely making a profit. The reason for this is that there are too many mistakes happening today with medical coding. Most coders are not trained in ICD-10. They are still stuck in the past on ICD-9. It is shocking to see how many coders are not trained for the codes that were released on October 1, 2015.
Some medical billers are certified in ICD-10. Others have master's degrees in the field. It is important to hire someone that knows how to use the new coding software. Many people don't know how to code properly. When the industry changed from ICD-9 to ICD-10, it caused a change. Medical billers today must learn some 69,000 different codes. You must know about treatment. Learning about drug and alcohol treatment is the best way for someone to work well for you. The more a person knows about what you do, the better.
When you outsource your medical billing to a company, they work hard for you. In order to keep you as a client, they know that they must make you happy. If you are not happy with them, then you will most likely fire them. They often charge you between 4% and 10% for their service. This may or may not work for you depending on how much money they can get for your rehab. Alcohol rehabs are expensive to run. You need to pay employees from all walks of life to work for you and for various reasons. If your treatment center is not profitable, you could be losing money each week and thus your business will eventually be shut down.
Are you prepared for the year 2016 and beyond? The new codes have changed the billing industry forever. Alcohol rehabs and billers must work side by side in order to be successful. A good biller must know what is happening with each client and document it to the insurance companies. Finding the right codes is always a challenge and it often takes a person with a master's degree to understand the difference. You can be successful if you take the time out to see what your billers are doing.
Medical billing companies often have a full staff of employees working for them. It is not uncommon to hear of everyone being certified at the location. Yes, they pay these people lots of money to work hard for you. The choice that you make will either break your treatment center to take it to a new level of success. A lot of billing companies today are based on their reputation.
Some medical billers are certified in ICD-10. Others have master's degrees in the field. It is important to hire someone that knows how to use the new coding software. Many people don't know how to code properly. When the industry changed from ICD-9 to ICD-10, it caused a change. Medical billers today must learn some 69,000 different codes. You must know about treatment. Learning about drug and alcohol treatment is the best way for someone to work well for you. The more a person knows about what you do, the better.
When you outsource your medical billing to a company, they work hard for you. In order to keep you as a client, they know that they must make you happy. If you are not happy with them, then you will most likely fire them. They often charge you between 4% and 10% for their service. This may or may not work for you depending on how much money they can get for your rehab. Alcohol rehabs are expensive to run. You need to pay employees from all walks of life to work for you and for various reasons. If your treatment center is not profitable, you could be losing money each week and thus your business will eventually be shut down.
Are you prepared for the year 2016 and beyond? The new codes have changed the billing industry forever. Alcohol rehabs and billers must work side by side in order to be successful. A good biller must know what is happening with each client and document it to the insurance companies. Finding the right codes is always a challenge and it often takes a person with a master's degree to understand the difference. You can be successful if you take the time out to see what your billers are doing.
Medical billing companies often have a full staff of employees working for them. It is not uncommon to hear of everyone being certified at the location. Yes, they pay these people lots of money to work hard for you. The choice that you make will either break your treatment center to take it to a new level of success. A lot of billing companies today are based on their reputation.
About the Author:
Our company provides a unique medical billing service that assists rehabilitation centers to earn more money each month. Our medical billing company has clients in the field of rehabs, hospitals and doctors office. When you outsource your work to us, we get you a higher return and faster payments. The services that we offer are for all 50 states and you can find us in new york.
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