Pragmatic Ways to Select the Best Radiology Billing Company
At some stage, almost every radiologist needs to determine how they are going to manage their radiology medical billing and your radiology practice is also not an exception to it. You can either handle it with your in-house administrative team or outsource radiology billing.
Unfortunately, managing radiology billing is not as easy as it seems. It requires considerable amount of time and dedication from your end. As a radiologist, taking clinical care is your prime objective but when you need to handle administrative job like radiology billing additionally, things can be bit challenging for you.
You must select the right partner for your unique business requirement if you want to outsource radiology billing. Unfortunately, selecting the right radiology billing company is not an easy job as there are hundreds of medical billing companies available there.
Fortunately, you can still make the perfect business-centric decision by implementing the steps mentioned below-
Proven tips to hire one of the best radiology billing solutions:
1) Determine the exact scale of your practice’s requirement:
The first thing that you should understand is that different companies focus on different practice sizes. Some are great at handling large medical practices with many doctors and various insurance plans. Others are better suited for smaller practices with fewer doctors and limited budgets.
2) Select a company with the sound experience in radiology billing:
There are companies that expertise on one specific area, while other are expert at handling multiple specialties and practices. You should always select a company that has already worked with several radiology billing practices in the past.
Here are five crucial questions you can ask to make sure a medical billing company has enough experience in your specialty:
- How many years of experience do your billers have in my specialty?
- Is your staff trained specifically in my specialty?
- How many billers will handle my account?
- Do you keep up with the latest billing and coding updates in my specialty?
- Can you share any testimonials from other practices in my specialty?
3) Strong market reputation:
Just searching for reviews isn’t enough. There are many people out there who could waste your time and money. Don’t let that happen to you. Make sure to carefully check your billing partner by looking for reviews from other medical professionals, not just regular people.
4) Consider the past experience:
Always know how long the company has been dealing with radiology billing services. Also, about the clients’ experience. You should always select a company that has been working for a longer time as it proves that they know how to keep their clients satisfied.
5) Check the knowledge of ICD-10 coding:
To ensure coding accuracy, you must select a company that has team of coder who are proficient enough in the latest ICD-10 codes. Always remember one thing that a single mistake in your coding process can cause your practice to face claim denials, payment delays and revenue leakage. Accurate coding means fewer worries, as it helps prevent claims from bouncing back to your hospital.
6) Know about the staff size:
Staff size matters if you have a large radiology practice. Always select a radiology billing company that has enough staff to handle any sudden surge in billing volume, especially at non-peak hours.
7) Analyze the cost of services:
When you're thinking about outsourcing your medical billing to a third-party service, the cost is a big factor. Here are some questions to ask before you make a decision: How do they charge for their services? Are there any hidden fees? Can you get discounts for outsourcing a lot of billing work? Getting answers to these questions can help you find a billing company that provides reliable services within your budget. After all, it’s best to avoid any unexpected costs from the start!
8) Know if there are flexible payment options:
You must select a billing vendor who keeps you updated with timely reminders and offers different payment options. Handling payment issues carefully and politely can help you avoid any misunderstandings.
If you want to work with a great radiology billing company, Sunknowledge is a smart choice for your practice. With over ten years of experience in radiology billing, they have created effective denial management plans for many radiologists across the country. You can schedule a free call with one of their billing experts to learn more about their denial management practices.