Established in 2019, Business Integrity Services (BIS) was founded to meet the growing demands of a large healthcare company’s back office support needs.
The shortage of medical professionals means that many healthcare providers are reducing or eliminating their overall administrative staff to cut costs. This means that they've reduced the number of staff members, and have increased the volume of service they can provide. And the volume of services is increasing. Patients are receiving more services that have higher fees, but this doesn't always translate to better care. A December 2017 study by the National Patient Advocate Foundation has reported that up to 40 percent of healthcare facilities have reduced the number of staff member, and as many as 50 percent have reduced hours of a staff member. And the National Board of Health and Welfare, a governmental healthcare agency in Norway, is raising concerns about the reduction of staff.
Why is medical billing outsourcing difficult?
Small medical practices can't afford the staff necessary to monitor and fulfill billing requirements. Dedicated medical billing staff has more than enough on their plate! If only medical billing could be outsourced! Insufficient Medical Billing Professional Experience The perfect candidate for a medical billing staff doesn't exist. Many companies will hire someone to manage the company medical billing program and then find another candidate to manage their primary focus- their medical practice. As a medical billing professional, you'll need specialized medical billing knowledge and skills to do the best possible job of managing medical billing for the company. Don't assume your knowledge and skills are good enough for medical billing outsourcing.
Medical billing outsourcing and compliance
Medical Billing is vital to any healthcare practice. But you'll be glad you had a medical billing service in place as your practice's health coverage starts to change. What makes medical billing extremely hard is the constant pressure of changing payment deadlines from payers. It's a constant back and forth of obtaining approval, modifying payment amounts, cancelling coverage, and so on. Medical billing agencies make it much easier. For example, some medical billing companies have compliance programs to ensure compliant compliance in a wide variety of areas.
#Credentialing is the process of confirming credentials to an authoritative body. Credentialing is often required for physicians, nurses, and other medical professionals who want to work in a new country or state. The credentialing process can be tedious and confusing, so it’s important to get started early. Failure to get properly credentialed may result in not being allowed to treat patients legally and could cause significant harm and lawsuits down the line. The following checklist outlines what you need to do before beginning the credentialing process:.
