Billing Services
Are you thinking about outsourcing your billing in 2010? It could be the best decision you have ever made.
Physicians and Hospital administrators are becoming aware that ramping up the expertise of their billing process is a tried and true business decision to improve cash flow. The billing process has become a complex environment requiring:
- Diligent follow up of unpaid claims, resubmits and secondary insurance carriers
- Expertise in managed care contracts, fee schedules, PQRI’s and appeals
- Insurance carriers are steadily increasing the processing time of payments. A substantial time commitment is required in order to receive the maximum revenue of each submitted claim.
Rather than trying to maintain this level of expertise in-house at a cost of roughly 12 to 15% of collections it is becoming clear that outsourcing this expertise can not only generate a savings of 4 to 7% but it also frees up time for existing staff members to apply to patient care and collections.
The IBS Billing Staff
Our staff is comprised of a group of professionals who are dedicated to the task of submitting your claims within 12 to 24 hours and then diligently following up on every claim until payment is received. Our clients can easily view the status of their billing via any computer with an internet connection. Financial reports are automatically sent to our clients to provide an in depth snapshot of every aspect of the billing process.
Our clients are assigned an IBS team member to handle their account. This gives our customers the opportunity to develop a strong business relationship with their account executive and a point person to call when questions arise.
The billing process is the cornerstone of the financial side of your practice and the success of your billing is directly related to a strong cash flow. The IBS Billing team strives to exceed our customer’s expectations. We do this by focusing on the needs of our clients and by maintaining a courteous and professional relationship at all times.
The Best Part
Our billing software interfaces seamlessly with our CCHIT certified EHR software. When your practice is ready to expand to an EHR your billing team member will help you through that process.
Contact Us
Please contact one of our team members.
Upcoming Events
- January 24-26
STS 46th Annual Meeting
Ft. Lauderdale, FLA - March 14-16
ACC 59th Annual ACC Scientific Session
Atlanta, GA - May 19-21
NCMGMA Spring Conference 2010
Myrtle Beach, SC - October 24-27
MGMA 2010 Annual Conference
New Orleans, LA
News
- October 2009
IBS Billing Service partners with Agastha. Allowing us to offer a full service CCHIT EHR to our billing customers. - December 30, 2009
The Centers for Medicare and Medicaid Services posted a proposed rule defining "meaningful use" of electronic health records to qualify for the Medicare and Medicaid incentive payments authorized under the American Recovery and Reinvestment Act. Also posted was an interim final rule from the Office of the National Coordinator for Health Information Technology that sets initial standards, implementation specifications and certification criteria for EHR technology.
Both rules are available for viewing in a draft format at federalregister.gov/inspection.aspx, and will be published in the Federal Register on Jan. 13, with a 60-day comment period effective at that time. The interim final rule will become effective 30 days after publication - January 1, 2010
Consult codes are no longer in effect. This new mandate can have a significant impact on cash flow for specialty practices. For clarification on this new ruling please contact one of our coding specialists. - January 15, 2010
The IBS Billing division of CAOS launches its new website.