Orthopedist Medical Billing in Riverwood, KY
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Orthopedists deal with congenital or functional abnormalities of bones, offering excellent solutions for patients. If you own an independent orthopedist practice in Riverwood, you have probably experienced a number of challenges when facing your medical billing services. Many practices in Riverwood decide to outsource their orthopedist medical billings for assurance and convenience. Different orthopedist medical billing systems can be adjusted to the size and budget of your practice, providing an affordable solution for any size practice.
- Outsourced medical billing for orthopedists in Riverwood, KY
- Collection service for orthopedists in Riverwood, KY
- Riverwood orthopedic direct claim processing
How much does it cost to outsource orthopedist medical billing?
While hiring an orthopedist medical billing service in Riverwood poses numerous additional costs, those added costs can often be exceeded by an increase in total billing collections. A sizable portion of orthopedist medical billing service providers charge a percentage of the collected claim amount, meaning they make money when you get paid.
Rates average between 5 and 10 percent, but that range can be as wide as 4 to 15 percent. Some orthopedist medical billing companies charge a flat fee per claim. Fees range between $1 and $8 per claim, but the average practice pays between $4 and $6 per claim. You may also have a one-time setup fee, which averages between $150 and $300.
Orthopedist medical billing companies in Riverwood reduce compliance risk by focusing on accurate billing codes and procedures, which also reduces the possibility of rejected or suspended claims. Unfortunately, nearly 35% of orthopedic surgery claims are incorrect, and almost 25% of every medical claim gets rejected. We ensure your company does not lose thousands of dollars due to improper billing.
- Expand medical billing collections in Riverwood, KY
- Electronic medical records (EMR) software
- Best orthopedic billing software in Riverwood, KY
Convenience is a major factor in considering to outsource your medical billing, and savings are a substantial added benefit. Instead of staffing your own billing department, hire a provider to take care of all the data entries and claim submissions on behalf of the orthopedist practice. They will look into unpaid customers, rejected claims, and handle all of the taxing work associated with medical billing so you can focus on caring for your patients.
To find a reliable and affordable medical billing service in Riverwood for your orthopedic practice, get in touch with us today!