As a rule, physicians are trained to provide quality medical care to their patients despite their social or economic standing.
(prHWY.com) May 24, 2012 - Troy, IL -- Troy, Illinois (April 25, 2012) - Medical Billing Solutions, an industry leader among Illinois medical billing companies, is giving away a free report on how to increase billing collections and reduce costs. A company with a 13-year established reputation in the industry, Medical Billing Solutions is especially placed to offer practical guidelines for doctors or medical companies in need of expert advice on payment collection.
As a rule, physicians are trained to provide quality medical care to their patients despite their social or economic standing. However, recent years have seen more and more medical practitioners confronted with the following challenges. First, some doctors encounter difficulty in collecting accurate payment from their patients. Second, detailed and intensive discussions regarding patients' questions on their billing take some doctors' time away from other patients.
In the free report released by Medical Billing Solutions, the company suggests keeping a detailed system of tracking patient claims and electronic health records (EHR), especially when dealing with patients' insurance companies. Security is an important aspect of this system, as the Health Insurance Portability and Accountability Act (HIPAA) requires medical practitioners to keep their patients' insurance details private.
Another recommendation included in the report from Medical Billing Solutions involves sending patients multiple billing statements based on their electronic health records within a scheduled period of time. It further proposes sending a formal letter requesting payment, should a patient fail to respond after receipt of these statements.
While Medical Billing Solutions recognizes that some doctors prefer handling their EHR and billing themselves, their report also explains some of the biggest benefits to outsourcing these tasks. By having Medical Billing Solutions manage their billing, physicians can find more time to attend to their patients' needs.
Medical Billing Solutions can help make payment collection more efficient through established best practices and customized software for tracking and reporting. These offer the added benefits of reduced costs in terms of manpower, time, and other valuable resources.
About Medical Billing Solutions, Inc.
Since its establishment in 1999, Medical Billing Solutions has provided billing advice and collection services to Illinois practices. As one of the most reliable medical billing companies in the area, the company only employs software and industry practices compliant with the Health Insurance Portability and Accountability Act (HIPAA).
Doctors and medical professionals seeking to improve their billing process can contact Medical Billing Solutions at 1-800-596-5387 and get a free report by visiting
www.MedicalBilling4U.com.
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