Student loans, decreasing reimbursement, employee expenses on the rise, and did I mention MALPRACTICE costs? All of these lingering financial burdens strip the profits away from your practice on an annual basis. If you see between 20-35 patients per day, you SHOULD be covering all of these expenses and be able to have a comfortable lifestyle, right?
WRONG!!!!
If your billing department is in-house, chances are you are not maximizing your reimbursement. Here are some questions to ask yourself:
1. How do you hold your billing staff accountable? They SEEM to know what they are doing, but are you sure?
2. Does your billing staff have a vested interest in generating revenue for you, or are they just there to earn a paycheck?
3. Can you, at any time, see what you have billed, collected, and adjusted off over the last week, month, or year?
If you are uncertain about the answers to these questions, then perhaps you need the services of a professional billing company. Not just any billing company- SOLOR