Why outsource your medical billing??

Are you or your staff bumfuzzeled, bewildered, or just plain agitated when it’s time to do the medical billing in your office???According to the New England Journal of Medicine a Provider has 43.7% gross in overhead and billing.  It cost a provider approximately $6.00 to $12.00 to submit or resubmit paper claims, then never sure about the accuracy of the claim.  With paper claims a provider may wait 30 to 90 days to receive his payment, if all things submitted were correct.  There is a 30% error rate on paper claims that result in delays and lost time for you and your support staff.  Not submitting a claim correctly, you may spend up to 1 hour, maybe more, per rejected claim on the phone with the insurance company.   Providers write off somewhere between 25 - 30 thousand dollars a year of unpaid claims.  Claims that were not paid may be due to , late filing, no time to call insurance company, incorrect patient/provider information, just to name a few. 

  Medical billing can be a nightmare for you and your staff. When you outsource your medical billing it gives you, the provider, a chance to get back to what is important to you and your practice, treating the patient.  No longer will you have to worry about the proper coding, timely filing, or filing the claim correctly.

Here at EDC Practice Management we take care of all your billing needs.  We process claims within 24 hours of receipt and on an usual basis claims that are submitted electronically, are paid within 10-14 days.

 CPT codes are ever changing, and a provider must be diligent in keeping up these codes for correct billing.  When you outsource your medical billing to EDC Practice Management we then take on this responsibility.    Remember ICD 10 codes are coming then you will no longer be able to bill with the ICD9 codes.  Will you be ready when this change comes?  We will.  EDC Practice Management will create more Revenue, more Freedom, and more Peace of Mind for your medical practice on a daily basis.  Visit us at www.edcpracticemanagement.com