How to Increase Neurology Practice Collections
Jul 11, 2022
Maximizing your collections is vital to keeping your neurology practice running smoothly and enables you to stay open to treat more patients. Following these tips will help you to increase your profitability.
#2
Streamline In-House Medical Billing
One way to free up more time to take on more patients is to ensure that your in-house medical billing is as streamlined as possible. Choose one employee who will be dedicated to the billing process. That way, this staff member can become an expert in the necessary codes and billing rules. Additionally, using medical billing software can help to maximize your billing and ensure accuracy.
#3
Hire an Outsourced Company
If you’d rather not handle your medical billing yourself, another option is to outsource the process. An external company can manage claims on your behalf, freeing up your time so that you can increase your patient numbers.
#1
Take on More Patients
The more patients you have, the more collections you may have. However, there are only so many hours in the day and this option may need to be combined with one of the other tips, which are ways to free up more time for patients.
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“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.
