FQHC Billing Services: How to Protect Your Investment

Most physicians and federally qualified health centers (FQHCs) will face this one questions sooner or later: whether or not outsource your patient billing demands to more specialized medical and FQHC billing companies?

While there are many different FQHC billing software platforms and FQHC billing webinars available in the market, they are unable to outdo the efficiency of proficient medical billing companies. Hiring a third party to manage your FQHC medical billing is specially a good idea if you have a high staff turnover or you are someone who has stayed away from technology all your life.

These medical billing companies are capable of significantly increasing your revenue. You will finally be able to do without your inadequate billing staff. The company you hire will not only generate claims, they will also follow up with patients and ensure that all due payments are made in time.

Since there are many FQHC billing companies operating in the market, you must practice caution while hiring a third party to manage your billing. Here are a few things you must keep in mind when looking to invest in FQHC billing services that ultimately enables health centers to maximize revenue streams.

1. What are the services being offered?

FQHC billing companies, like MaximizedRevenue.com, can take over many functions, such as claim generation and submission, payment processing, creating invoices for patients, collection services, etc. Some billing companies also handle tasks like appointment scheduling and credentialing. However, the price tag increases with each new service. As a physician, you must ensure the FQHC billing company you hire takes care of all your requirements and does so at a reasonable price.

2. What is the technology being used?

Using a billing company does not mean you are acquainted from your responsibility. To reduce costs, it is necessary for a physician to understand how a medical billing company will operate.

• It is important to seek answers to questions like these: 
• How will claims be generated and shared? 
• How will the billing company maintain electronic records and how can these records be used by the hospital? 
• Will the FQHC billing company ensure data security? 
• Where will all the data be backed up and stored?

A good medical billing company will have clear answers to all these questions.

3. Are they experienced?

Hire a company that's been in business for a while. Though experience does not guarantee efficiency, it certainly builds up trust. Look for a company that is certified by the American Medical Billing Association. The AMBA certification evinces expertise in billing, insurance claims, reimbursements, fraud and abuse, medical technology and terminology, etc.

4. How does the company work?

A good way to gauge the performance of an FQHC billing company is to study their work structure. Different metrics like employment structure and number of employees, total years in business, number of claims processed in any financial year, total number of billings, etc, will give you an idea about the kind of results you can expect from the billing company you are hiring.

5. What is the price being demanded?

Money is an important thing. As a matter of fact, medical billing companies are hired to reduce the overall billing costs. Hire a company that is offering maximum services at a minimum price. Do not demand services you won't need. Ask the billing company to create a cost package based on only the services you will be availing.

5 Leading Providers of Bank Security Systems

We all trust banks to keep our savings safe but barely do we consider how they achieve that feat. Like any other organization, the banking institution enlists security companies to protect their employees, customers, assets and cash in the coffers.

It is important that the companies chosen for this delicate job are professional and ethical as any security breaches could cause a major spat between the bank and its loyal customers. It is this demand that led us to analyze the leading companies that offer exemplary bank security systems and specialized security products.

Tyco Integrated Security

Tyco, which is based in the US prides itself with decades of experience in bank security products and systems. They have a variety of security systems, software and services that protect banks against different threats.

Most notable is the ATM security solutions that include silent alarm notification, video surveillance, lighting and anti-skimming technology which helps to increase confidence among customers who prefer self-service. They also have a range of remote management tools which allow management to receive alerts or conduct video surveillance on smart devices.

Veridin Systems

Two decades in the competitive bank security industry mean that this company has got what it takes to provide superior security to financial institutions. Their hallmark is their ability to integrate multiple components to provide the best security.

Veridin specializes in physical security systems characterized by advanced access control, CCTV bank security systems, network and electronic security systems that deter theft and vandalism not to mention convergence IT solutions that offer banks one graphical user interface as opposed to several individual systems that are very difficult to manage.

Seico Security

Seico Security is a company that most banks turn to for reliable bank security systems and equipment. Instead of creating standard systems, they prefer to customize products and services to meet an individual bank’s security needs.

Their most acclaimed security offerings include: audio and video systems, ATM security, entrance control systems, night depositories, drive-p systems and under counter cabinetry to name a few. Their custom security systems for local banks have unique features like motion sensors, door locking controls and metal detection for better prevention of security breaches.

Verint

This is a unique company which provides actionable intelligence for banks and financial institutions. Their main intention is to mitigate risk, ensure compliance, identify and combat fraud in the banking sector. Besides data protection, they offer round the clock video surveillance with timely alerts to ensure prompt reactions to any suspicious activity.

Pacom

This company boasts a client list of some of the largest banks in the world. Their most important product is the powerful Graphical Management System software which allows remote, real-time control of ATMs, bank branches and corporate offices.

Using this systems, it is possible to verify alarm events, change PIN codes and print access cards without the need for site visits. They have a superior product known as Unison which is a next generation integrated security management platform optimized for ease of use. It enables banks to integrate different systems in order to streamline operations into one user interface.

Effective Medical Billing Strategies to Increase Healthcare Reimbursements

It is an undisputed fact that the healthcare reimbursement system (as it is) can be described as brutal. The present set of processes and rules that some payers and insurance companies have put in place are not only complex but also confusing. This leads to the emergence of other problems like underpayments, denials, ignored or at times lost claims.

This has hugely contributed to issues when it comes to paying doctors in time as well as medical practices getting the revenue they generate in full.

This begs for there being in place effective strategies and insights that will help medical practitioners and health centers to improve their patient billing processes. This will help them generate more revenue as well as increase their healthcare reimbursements.

Use of Technology

Whenever a medical practice realizes that a claim is not paid for when they submit the claim for the first time, they should brace themselves that it will not be paid. In order to escape losing out on claims like this, the practice has to find ways that will help it establish potential denials before even submitting their claims. Medical practices could be able to achieve this feat by incorporating software in their systems that is capable of identifying claims with a high probability of being denied automatically.

This billing software utilizes an engine that is intelligent and one that adapts and updates itself constantly thus helping practices to stay informed and alert about denial trends that are latest in as far as claims are concerned. This will greatly improve the rates at which practices collect their revenue. This software is generally able to help the practices improve on the speed at which they collect, decrease the need of having in-house staff as well as increase first pass resolution rates.

Tackling Underpayments

Payer underpayments are another issue that keeps medical practices from collecting their full amounts of revenue. This is largely due to the different individual contracts doctors often enter into with different payers. Underpayments are far too common in situations for health center billing, specifically federally qualified health center billing (FQHC billing), as these community health centers are focal to serving low income patients who utilized Medicare and Medicaid.

This is the key reason why medical practices receive different amount of monies from the different payers. This makes it hard for the practice to keep track of the payments and hence making it even harder for them to realize when they are being underpaid.

It is for this reason that practices ought to turn to using medical billing software that is able to compare the payments it is receiving against the figures agreed to in the contracts automatically. This will largely cut short the number of payer underpayments scenarios. It will also increase the net collection rates, increase organization and efficiency of the practice and make it possible for the practice to forecast its collections in future.

Reporting

In order for a medical practice to realize its position as far as payer payments and collection rates are and the areas that need an improvement, reporting ought to be embraced. This can be done with software that is capable of allowing scheduled reports on the practice to be done at defined intervals.

This will give the practice the opportunity to have certain reports in an instant whenever it is needed. These reports make decision making easier, increase productivity (as it reduces staff requirements and make it easier to spot payer underpayments and other mistakes.

All the above solutions will ensure that your practice is able to collect more revenue thereby turning them into more revenue generating practices. They will also ensure that the practice increases its healthcare reimbursements. It also makes the collection of monies owed to the practice easy, fast and efficient.

For more quality information on how medical practices and health centers can improve healthcare reimbursements, visit MaximizedRevenue.com

Practice Management Now Offers Medical Billing Services for OB/GYN Clinics

The highly reputable medical billing agency, Practice Management, is exciting to announce that it will now be offering specialized billing services for OB/GYN Clinics. The company provides efficient physician billing services that help clinics to accurately bill their customers while staying compliant with all Local, State and Federal rules and regulations.

These systems are well designed by highly knowledgeable professionals, so they are ideally suited to the billing needs of the average OB/GYN clinic. Practice Management has many years of experience and they are dedicated to providing the best possible medical billing services for their client.

In addition to providing billing services for OB/GYN practices, they also have experience providing billing services to dermatology clinics, family practices, electrophysiology clinics, cardiology clinics, allergy billing, gastroenterology billing, surgery billing, health center billing and much more.

What Do the OB/GYN Billing Services Entail?

The OB/GYN billing services offered by Practice Management are designed with the best technology resources on the forefront of medical billing. These services include telephone and video conferences, electronic data transmission and web portal access to programs. This means that an OB/GYN practice will be able to remotely access its data so that it can perform all billing as seamlessly and efficiently as possible.

Practice Management strives to stay up to date on billing information, including new modifier codes, CPT codes and E&M codes. The billing services are able to provide for a number of medical procedures, including Pap Tests, Pregnancy treatments, endometriosis and complications of vaginal mesh.

These billing services have been custom developed with an OB/GYN practice in mind, so that they can provide the most advantageous features and the highest level of convenience. Any OB/GYN clinic will find these billing services very convenient and will enjoy the benefits of saving time and being more organized.

Value Offered to OB/GYN Clinics

By using the medical billing services offered by Practice Management, OB/GYN clinics will be able to operate their practice more effectively and efficiently. The system also allows for follow up billing services, so that clinics can improve their revenue cycle management.

Proper credentialing is very important for receiving accurate reimbursement. The Practice Management system offers Complete Credentialing Service and handles NPI and CAQH updates and applications. They are able to track the progress of each enrolment through completion.

Practice Management also offers a lot of value by providing their clients with individualized consultation services upon request. The talented consultant team is able to take a close look at the current operations of the clinic and provide an analysis. They will recommend changes you can make that will ensure your billing system is more efficient.

The goal of Practice Management is to provide each of their customers with the best possible OB/GYN billing solutions. They invest their ample resources and experience in order to achieve this goal, so that they can help their clients obtain the highest possible return on their medical billing claims. They have worked hard to develop a medical billing system that is as efficient, intelligent, versatile and accurate as possible and they are proud to offer this service to OB/GYN clinics.