Bout Time Accelerates Cash Flow and Revenue for Physicians

May 20, 2005 -- In the face of downward pressure on reimbursement from both government and private payers, soaring malpractice costs, rising patient costs and demanding regulatory compliance requirements, healthcare providers are worried. More and more they are finding out that effective revenue practice management processes that accelerate cash flow , help healthcare providers achieve the full potential of reimbursement that is critical to the survival and health of their practice.

With the need today to streamline administrative tasks - verifying patient eligibility, checking benefits, assuring proper patient referrals and authorizations - it is essential to avoid putting a practice at risk for reduced revenue and cash flow .

What can a practice do to avoid being at risk According to Louise Hill, President of Bout Time Medical Reimbursement Service, a practice management and medical billing service based in Maple Heights Ohio, there is a solution to cash flow problems. "A successful way to cut costs and increase cash flow is to outsource your billing and receivables" says Hill. It is a well-known fact that medical billing outsourcing reduces a physician's overhead by nearly $35,000 a year and increases revenue by as much as 20 percent.

The healthcare industry changes at such a rapid pace and many practices are not able to keep up with the changes. "A practice could be following last years guidelines and be in violation because the rules have changed" says Hill. "This can lead to great financial loss or even worse - indictment for fraud." Bout Time makes sure that they keep abreast of all of the industry changes by attending seminars, workshops and classes.

Hill does acknowledge that it is important to find an experienced outsourcing service. She has over 21 years experience in medical accounts receivable and has worked inside a major health insurance company in Ohio processing medical claims. "We follow every claim closely to make sure that it gets paid correctly. Our guarantee says that if we fail to properly follow-up on a claim that gets denied for timely filing, then we don't charge the provider for that claim. We want providers to rest in the confidence that we are doing our jobs well."

Contact Info:
Louise Hill, President
Bout Time
Medical Reimbursement Service
(216) 663-3366
e-mail protected from spam bots

Bout Time Accelerates Cash Flow and Revenue for Physicians

2863 readers online...

Bout Time Accelerates Cash Flow and Revenue for Physicians

Search