Healthcare professionals are highly educated and trained in providing the best medical care possible and most prefer to devote their attention and energies towards serving their patients. A great majority of providers are business owners with sizeable overhead expenses that struggle to dedicate the resources and time required for the revenue collection side of their business. Many healthcare providers entrust not only the success of their practice to an unmotivated hourly worker but ultimately, their personal financial well-being. If fee collection is not done with diligence and on a consistent basis, it could lead to dire financial consequences.
A consistent cash flow allows a business to meet the recurring obligations related to staff salaries, benefit costs, office and medical supply expenses, outstanding loans, and other operational overhead. We are confident your accountant would agree that, aside from taking care of your patients, collecting funds owed and managing receivables is the most important part of having a healthy practice. Coastal Medical Billing is a trusted adviser when it comes to improving financial management. Ask yourself:
Our experience shows that the costs associated with handling billing duties in-house can be as high as 25 cents on every dollar collected. Many of the practices we meet have costs on the high end and we are able to help them bring this under control. There are also healthcare providers that attempt to solve their accounts receivable issues by changing employees rather than changing their methods for tackling their A/R.
Some healthcare providers may fear losing control of their billing process by outsourcing it to Coastal Medical Billing when in fact, nothing could be further from the truth. When Coastal Medical Billing comes into the picture, providers gain an accessible, results-driven group of experts in the field of billing and receivables management. The only thing lost is the headache involved with billing and receivables management.
Our services are usually provided for a percentage of net collections. The percentage we charge varies for each client. We base our fee on several factors including the amount of support needed, volume of claims, and the size of each claim. We work with each client to customize a solution that will maximize their revenue.
If you are interested in exploring how Coastal Medical Billing can help, please give us a call at 912/355-8188 or toll free at 1/866-518-8246..
Benefits of working with
Coastal Medical Billing: