How to Increase Cardiology Practice Collections
May 31, 2022
As much as you might prefer to focus solely on treating your patients, it’s also important for your practice to increase collections. Check out these tips for how to improve your medical billing to improve your cardiology practice’s profitability.
Increase Your Patient Numbers
One way that you can improve collections is to increase the number of patients that you can see. To do this, you’ll need to either streamline or outsource your billing processes in order to free up time in your schedule for more patients.
Streamline In-House Collections
If you’d prefer to keep your billing in-house, it’s important to streamline the process as much as possible. Medical billing software could help you do this by automating parts of the claim filing process. It’s also a good idea to have one employee dedicated to billing who can pay close attention to due dates and new codes.
Outsource Medical Billing to an External Company
Alternatively, you can outsource your medical billing. Hiring an external company to handle your practice’s claims can ensure that your billing is processed accurately and in a timely manner while freeing up your time to focus on treating more patients.
For informational purposes only.
"My husband and I have a small practice but we were looking for a medical billing company to consult us. We originally started with a local company with some satisfaction. However, our biggest problem was that they wanted us to change our existing EMR to software that they worked with. Quest National Services worked with our existing software so that we didn’t have to make expensive changes to our infrastructure. That saved us a lot of time and headache. I would definitely say that was one of the main reasons for why we switched and why we continue to work with Quest. As a small practice, they helped us without draining our resources."
Adriana C.
