In order for the medical office where you work to receive payments from patients, you need to perform the proper steps when it comes to medical billing. Once payment is made, then it needs to go through an accounting process so that it’s logged into the company’s system. Here are a few steps and areas that you want to pay attention to regarding the account receivable process in medical billing so that your office has the best results possible.
There are a few regulations that you need to follow pertaining to the state and federal standards that are set forth in medical billing. One of the things that you need to keep in mind is that fraud can occur from insurance companies and federal healthcare programs. You need to understand what to look for regarding these payments and how to prevent them from occurring by knowing what types of payment to submit.
Know when it’s time to negotiate for the account receivable process in medical billing in order for the office to get paid. Sometimes, a patient might not be able to pay the full amount but can pay a certain percentage. You should also consider offering payment plans for patients who are able to pay a small amount upfront when they get to the office.
Each person in the office needs to know how to document medical codes so that the proper billing can take place. Most of the time, separate areas in the office have their own codes. Keep in mind that just because someone receives treatment in a different area of the office doesn’t mean that a completely different code will be entered two times. All the treatments that are offered should be documented, but only one time for proper billing. Consider using one sheet for all codes instead of a separate sheet for each department.
Contact GeBBS Healthcare Solutions to learn more about medical billing and accounting practices.