Billing Efficiency Checklist - Quick Claimers Medical Billing

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Billing Efficiency Checklist: Assess your practice’s billing needs and performance and find out if it’s time to explore outsourced billing.

A high number of physician practices agree that their billing and collections systems, best practices, and processes need upgrading.

Do you believe yours does?

Are you struggling to keep pace with credentialing and billing as your practice grows?

Are you uncertain about whether your revenue cycle process and technology will be able to meet future industry demands and handle changing reimbursement models?

Are you unclear whether your resources are being used effectively?

Are you unsure if your practice can effectively stay on top of compliance and reimbursement issues?

Are you looking to control fixed costs?

Would you like deeper analysis and better reporting on your financial performance?

Would you like to invest in new technology for clinical or revenue cycle systems but wonder how to fund the investments?

Do you find it challenging to find and retain qualified billing staff members?

Are you worried about employees misappropriating funds?

Is your billing staff bogged down with too many tasks related to resolving denied claims?

Are you struggling with keeping up to date on current changes or missed opportunities, including Telehealth?

Do your performance metrics fall outside of best practice industry standards? For instance:

Is your A/R average over 40 days?
Is 15% of your A/R average over 120 days?
Is your denial rate more than 5%?
Is your net collection rate lower than 96%?
Do your unpaid claims total more than 4%?

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If you answered mostly YES to these questions, it may be time to consider outsourcing your billing. Working with Quick Claimers tailored solutions can significantly improve your practice’s operational and financial performance.

When it comes to managing your practice, don’t waste another minute/dollar.

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