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Medical billing services for small practices: increase your cash flow

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Accurate medical billing is vital to all medical facilities. Complete and timely reimbursement for medical services rendered is necessary to keep the doors open for a practice/hospital. And in the case of small practices, reimbursement for services is the lifeline for providers.

Physicians do hire billers to take care of the medical billing and coding in-house. However, the numerous and constantly changing rules and regulations in the healthcare industry pose a challenging scenario for billers and coders. Keeping up with changes is often an arduous task. For a small practice, it is crucial that claims be coded accurately and submitted in time. Every process/stage of the healthcare revenue cycle has its importance and needs to be carried out without errors. 

To have a successful revenue cycle, increase cash flow and save on fixed and variable expenses, outsourcing medical billing would be a prudent choice for small practices. Medical billing companies have the resources to ensure accurate billing, timely submission of claims and persistent follow-up of claims.

Bristol Healthcare Services is a medical billing company serving medical professionals for over two decades. We have been privileged to serve small practices and enable them to improve their bottom line. Solo and small practices are the backbone of a community. We offer committed services to these practices so that physicians can focus on the delivery of excellent patient care.

By partnering with Bristol Healthcare Services, you can benefit in the following ways.

  • Increased savings: You will save on both capital expenses and regular monthly expenses. Capital expenses that you can save are office space, furniture, hardware and software, and up-gradation. Monthly savings consist of salary and related employee expenses, training of staff, office consumables. The biggest takeaway of outsourced billing services is the vast savings on costs.
  • Reduced billing errors: Our billers undergo regular training to keep them abreast of changes in the industry. Processes are streamlined and improvements are made continuously. This and the fact that our billers are knowledgeable ensure that our claims are error-free.
  • Improved cash flow: There are no worries about staff falling sick or staff attrition. For you, the work goes on. Claims are submitted in time and actively pursued. We see to it that your claims are reimbursed quickly with minimum denials. Watch your cash flow increase.
  • High standards of safety: Your patient data is safe with us. Further, all processes are transparent and you can know the status of your claims at the click of a button. We are HIPAA compliant. Additionally, all our physical assets are secured and your patient data is also protected.
  • Quick Turnaround: We process your files within 12-24 hours of their receipt. Our team consists of certified and trained billers who can work efficiently. Ours is one of the quickest turnaround times in the industry.
  • Scalability: We can ramp up resources on demand. So taking on additional work at short notice is not an issue with us.

Our team not only interacts with payors, but they interact with patients also. We clarify the doubts of patients and keep them informed regarding their financial responsibility if any. So patients are happy with our service.

We are committed to assisting small practices to increase their profits and move to the next level.

Talk to one of our experts today to forge a mutually rewarding partnership!