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I'm now a couple of years out of training, and I'm now at the point where I'm thinking about practice optimization.
I work as medical director of an inpatient rehab unit.
I have 2 sources of revenue:
1. My medical director stipend.
2. My collections from billing insurance companies.
I have a contract with a billing company that I established a relationship with in my first job. They take a 6% cut of my collections (which is pretty good, from what I've heard), and I've generally been happy with my collections. But as a Millennial in good standing, I have one that bug me: the process is cumbersome a f.
1. In the beginning, I used to write my billing codes on a printed facesheet, then fax it to my billers on the day of discharge.
2. Now, I copy the facesheet into a word document, add billing codes daily, then drop it into a shared folder in the cloud. I still fax the occasional payment denial letter, but my billing process is really annoying and time consuming.
We use Epic at my hospital, and if I were employed, all this would take me 2 clicks. Click on billing. Click on the billing code for the day. Done.
But because I'm not billing through the hospital, I have to jump through all these hoops.
My question is this:
1. What kind of billing models and costs have you all encountered in practice?
2. Is anyone aware of any billing company that integrates with your EMR?
I work as medical director of an inpatient rehab unit.
I have 2 sources of revenue:
1. My medical director stipend.
2. My collections from billing insurance companies.
I have a contract with a billing company that I established a relationship with in my first job. They take a 6% cut of my collections (which is pretty good, from what I've heard), and I've generally been happy with my collections. But as a Millennial in good standing, I have one that bug me: the process is cumbersome a f.
1. In the beginning, I used to write my billing codes on a printed facesheet, then fax it to my billers on the day of discharge.
2. Now, I copy the facesheet into a word document, add billing codes daily, then drop it into a shared folder in the cloud. I still fax the occasional payment denial letter, but my billing process is really annoying and time consuming.
We use Epic at my hospital, and if I were employed, all this would take me 2 clicks. Click on billing. Click on the billing code for the day. Done.
But because I'm not billing through the hospital, I have to jump through all these hoops.
My question is this:
1. What kind of billing models and costs have you all encountered in practice?
2. Is anyone aware of any billing company that integrates with your EMR?
