Private medical practices face many challenges with medical insurance billing and collections. Billing and collection issues can often create mayhem when not handled accordingly – something Kevin Cappel found out when he previously served first as director of sports medicine centers and later as a business consultant to private physical therapy practices. His experiences with billing and collection nightmares led Cappel to launch Ledger Resolutions, LLC, which provides medical insurance billing and collecting services for physical therapy clinics and chiropractic practices nationwide.
Outsourced medical billing can bring a host of benefits to a private practice. Ledger Resolutions offers services that shorten processing time and increase collection dollars by working with administrative staff to align their internal processes with sound accounting practices and billing efficiencies. Choosing to outsource medical billing can be a big step for many practices and Ledger Resolutions gives three reasons why every practice should consider outsourced billing:
1. Enhanced patient care. A doctor’s primary goal is to give quality service to their patients. Most clinics are unable to adequately handle billing while also providing patients with the care they deserve. Also, when medical billing is lacking, practices could lose millions of dollars due to improper billing.
2. Multitasking is not always possible. Physicians cannot concentrate on the medical billing task, which requires a proper process and regular follow-ups with insurance companies, while also attending to patients. This will cause one or the other to eventually fall below standards.
3. No more medical billing mess. If mistakes are made within the billing process, the practice will have to absorb whatever loss is incurred. Medical billing requires experience and expertise to adequately manage the process. A team of professionals should monitor medical billing to achieve error-free results.
While choosing a billing service can be especially challenging for owners, businesses should be concerned with making the best decision for the practice, and feeling comfortable with the outsourced team.
Ledger Resolutions provides a group of adept workers who create a partnership with you and accurately process your claims. Shifting to third-party companies such as Ledger Resolutions can enhance front office efficiency and allow owners to focus on providing top-rate therapy and patient services. If you are expanding, constantly worrying about finances, or are just in need of a better way to manage billing, Ledger Resolutions is the company for you.
Ledger Resolutions services include:
● Qualify charges submitted by providers for necessary modifiers;
● Same-day submission of all electronic and paper claims for more efficient processing;
● Payments post within 24 hours of reception and statements are deployed to customers, alerting them of any remaining balances;
● A system of follow-ups on each account;
● Submitting non-clinical appeals; and
● Reporting so you know where we are in the process, at any time.
For additional information about Ledger Resolutions’ services and how they can help improve the bottom line of your clinic or practice, call (855) 217-5013 or visit www.ledgerresolutions.com.
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