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independent Laboratory Medical Billing Services for Profitable Results

independent Laboratory Medical Billing Services for Profitable Results by Bikham. Bikham is one stop solution for DME medical billing, Lab medical billing, Laboratory medical billing, Cardiology Medical Billing, Dental Medical Billing, ORTHOPEDIC Medical billing, oncology Medical billing, Physical therapy Medical billing, Chiropractic Medical billing, Radiology Medical Billing, Emergency room billing. for More visit us on https://www.bikham.com

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Laboratory Billing Process - Bikham Healthcare

Laboratory Billing Process by Bikham healthcare. Bikham is one stop solution for DME medical billing, Lab medical billing, Laboratory medical billing, Cardiology Medical Billing, Dental Medical Billing, ORTHOPEDIC Medical billing, oncology Medical billing, Physical therapy Medical billing, Chiropractic Medical billing, Radiology Medical Billing, Emergency room billing for More visit us on https://www.bikham.com

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Building Profits with Outsourced Medical Billing Services

Medical billing requires strict adherence to state and federal laws, rules and regulations. Making sure that all the services are billed with the latest diagnosis codes and each one follows NCD (National Coverage Determination) and LCD (Local Coverage Determination) medical billing guidelines is essential.

Moreover, these billing policies can be different for different insurances. Therefore, it becomes important to correctly identify and understand each one’s policy requirements. If one finds it hard to keep up with these policy requirements, outsourced Medical billing services can help them stay up to date. That way it would become possible to enjoy the benefits of outsourcing medical billing services.

Profitable medical billing requires the use of sound and compliant billing practices in order to effectively handle claim denials, rejections, and diverse payer requests. Successful execution of these procedures requires the engagement of experts in laboratory billing who have the required knowledge and experience in dealing with laboratory procedures so that every claim gets paid fully and in the shortest possible time.

You may think of hiring new team members, but, maintaining an in-house staff can cost you enough money for training, infrastructure, and overhead costs. And all that would only downgrade your medical practice.

So what exactly can be the solution to these numerous concerns?

The best way is to savor the benefits of outsourcing medical billing services.

Outsourcing your medical billing services equips you with the required staff that contributes to the overall growth of your medical practice. Not only does the work gets done faster but the quality is also ensured.

Being a primary care physician, outsourcing can let you focus on what's important. Outsourcing billing partners are constantly up to date with all the latest codes so that your practice stays functional and safe in the modern competitive market.

The list of benefits of outsourcing medical billing services is exhaustive. It can help you keep things running with maximum efficiency. Of course one wants to own a successful medical business and medical billing must not be allowed to become a tie down at any cost. That is why Bikham Healthcare works tirelessly to give you the peace of mind that comes from knowing that the billing is taken care of by the best.

Outsourcing offers you a range of benefits that are incomparable. It moves the workload off the shoulders of your staff, helping in improving the performance and ultimately resulting in increased revenue generation capabilities. This strategy also grants you greater financial security with improved legal practices.  Business operations become smooth, directly improving client relations.

Outsource Medical billing with Bikham.. Bikham is one stop solution for DME medical billing, Lab medical billing, Laboratory medical billing, Cardiology Medical Billing, Dental Medical Billing, ORTHOPEDIC Medical billing, oncology Medical billing, Physical therapy Medical billing, Chiropractic Medical billing, Radiology Medical Billing, Emergency room billing. for More visit us on https://www.bikham.com

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Duties of a Laboratory Billing Expert

Duties of a Laboratory Billing Expert by Bikham.  Outsource Medical billing with Bikham.. Bikham is one stop solution for DME medical billing, Lab medical billing, Laboratory medical billing, Cardiology Medical Billing, Dental Medical Billing, ORTHOPEDIC Medical billing, oncology Medical billing, Physical therapy Medical billing, Chiropractic Medical billing, Radiology Medical Billing, Emergency room billing. for More visit us on https://www.bikham.com

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3 Advantages to Outsourcing Your Medical Billing and Practice Management

Medical billing and practice management can be a very complicated task for a medical office to undertake. Some offices choose to hire trained medical billers to work full time in the office, and other medical offices choose to outsource their medical billing and practice management services. Other medical offices have done a little of both, and there is no right or wrong answer. However, there are 3 really great advantages to outsource medical billing and practice management services.

1 Reduce Labor Cost

Most small businesses are concerned with cost. Maintaining a medical billing department can be very costly. The rule of thumb is that for every 2 doctors in a practice, an office should have 1.5 workers. With the average salary for a trained and experienced medical billing professional at about $35,000 per year plus benefits, hiring 1.5 workers can cost over $50,000 yearly. Benefits would include health insurance, dental insurance, life insurance, 401K, unemployment insurance, and various other taxes that an employer must pay when they choose to undertake a new employee. In addition to those cost, there are miscellaneous cost that is associated with providing those medical billers the equipment and supplies that they will require to adequately complete their job tasks. These expenses will include software, worker’s compensation insurance, postage, clearinghouse fees, HCFA/CMS-1500 forms, paper, printers, additional computers, envelopes, and office furniture. Outsourcing medical billing to a reputable company such as Bikham, can save you 30% – 40% of your annual cost. Maintaining a medical billing department in house, can be very costly, so if you can find a reputable company to outsource your billing to, it is in the best interest of your business to at least listen to how they may be able to help you reduce your overall cost.

2 Focus on Patient Care

Physicians spend years and years in undergraduate school and medical school. During those years of being inundated with information that can help save human lives, physicians do not learn much about billing and fighting with insurance companies. In fact, most doctors know very little about Insurance. However, it is not an expectation that they should be efficient at medical billing. In fact, Physicians cannot be efficient at their job, if they are always stressed about the finances of their practice. This is a specific advantage to small practices because a doctor can focus on providing excellent care to their patients, while a medical billing team handles all of their medical billing and practice management services. Outsourcing Physical Therapy medical billing and practice management services are particularly advantageous for smaller practices because they may not have the money to afford a large medical staff. Therefore, by outsourcing these services they will have access to a team of experienced medical coders, medical billers, and A/R representatives.

3 Reduce Billing Errors and Turn Around Time

Most doctors would like to get paid for services they render to their patients, within weeks of providing those services, instead of months. Well, when there are errors in your billing methods, it can take months to receive payment. However, when you send out clean claims, those claims will get paid within weeks. That is why one of the mantra’s we have at Bikham Medical Billing and Consulting is get the claim out the door cleans the first time. When you consider outsourcing you allow professionals and experts to take over tasks where mistakes can be very timely and costly. We have been educated and re-educated about the constant changes in the industry, in regards to new codes, out of date codes, modifiers and more. All of these things must be taken into consideration when claims go out to each and every insurance company for services. Medical billing and practice management services are one of the most important aspects of a medical office because a great percentage of your income can come as a direct benefit of having a great medical billing and practice management company in your corner.

As you can see, outsourcing medical billing and practice management services can be a great advantage to physician’s practice’s, large and small. The greatest thing that will determine your success is the efficiency of your medical billing department. Outsourcing medical billing can increase your revenue from 5% – 30%.

If you would like to know if outsourcing medical billing and practice management services can benefit your practice, contact us on Bikham.com, and we will tell you how you can get a Free Practice Cost Analysis. This way you can see in real numbers, just how advantageous outsource medical billing and practice management services can be. Outsource Medical billing with Bikham.. Bikham is one stop solution for DME medical billing, Lab medical billing, Laboratory medical billing, Cardiology Medical Billing, Dental Medical Billing, ORTHOPAEDIC Medical billing, oncology Medical billing, Physical therapy Medical billing, Chiropractic Medical billing, Radiology Medical Billing, Emergency room billing. for More visit us on https://www.bikham.com

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Laboratory billing solutions

Increase revenue with Laboratory Medical billing. Bikham best Laboratory Billing Company offer Lab medical Billing and Laboratory revenue cycle management

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Healthcare Revenue FLowCHart

Outsource Medical billing with Bikham.. Bikham is one stop solution for DME medical billing, Lab medical billing, Laboratory medical billing, Cardiology Medical Billing, Dental Medical Billing, ORTHOPEDIC Medical billing, oncology Medical billing, Physical therapy Medical billing, Chiropractic Medical billing, Radiology Medical Billing, Emergency room billing. for More visit us on https://www.bikham.com

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5 Steps of Healthcare Revenue Cycle Flowchart 5 Steps of Healthcare Revenue Cycle Flowchart by Bikham - Outsource Medical billing with us to increase your revenue with speedy claims for more visit us on https://www.bikham.com