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How to Increase Your Ophthalmology Practice Collections

Boost revenue for your practice with these tips
Read Time: 2
Jan 25, 2022

The ophthalmology medical billing process can be complicated. However, it is necessary in order to increase ophthalmology practice collections. Medical billing companies work with ophthalmologists and ophthalmic technicians to provide improved efficiency and accuracy with medical billing. Boosting efficiency and accuracy can lead to more claims which can help increase ophthalmology practice collections. This blog post will discuss how an outsourced medical billing company helps ocular physicians boost their revenue by increasing the number of patients that are seen each day.

Increase Patient Visits

In order to increase ophthalmology practice collections, it is important to increase the number of patient visits. One way to increase the number of patient visits is to hire a medical billing company to alleviate pressure from time spent dealing with medical billing processes. When an ophthalmology practice works with an outsourced medical billing company, the staff at the billing company will free up your time by helping to submit accurate and timely claims. This allows you to see more patients in a day, resulting in more revenue for your practice.

Streamline the Collections Process In-House

Streamlining the patient collections process is a surefire way to boost practice collections. Making it quick, simple, and convenient to pay bills will mean you’re less likely to be chasing after patients who haven’t paid. You can streamline the process by ensuring the bills arrive in a timely manner (not three months after the appointment). You can also set up automated collections for past due balances, estimates, co-pay requests, and other payments. Setting up a swipe and hold feature will allow for the automatic payment of future bills which will contribute to increased practice collections without the headache.

Hire an Outsourced Medical Billing Company

Working with an outsourced medical billing company can be a great way to increase ophthalmology practice collections. When ophthalmologists work with a billing company, the staff at the billing company will have specialized knowledge of ophthalmology. This will help to ensure that the ophthalmology medical billing process is accurate and efficient. The billing company will also work to improve patient communication and education. This can help to increase patient visits, which can lead to increased ophthalmology practice collections by 15% and can decrease time in A/R by 19 days on average.

If you are looking for a way to increase ophthalmology practice collections, consider working with an outsourced medical billing company.

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