How your staff can wildly increase your revenue today (Part 1)
by Barbi Elmore, Director of Product Development, PracticeAdmin, LLC
[message type=”information”]Part One of a Three Part Series for Owners of Medical Billing Companies on how to increase their revenue.[/message]
Everyday, medical billing managers and medical billing service owners are faced with business and regulatory challenges. Managers must work with front office staff, billing and coding staff, doctors, enrollment departments, and insurance companies just to do their job. Furthermore, it can be a headache staying current with constant changes in healthcare and the looming transition to ICD-10 quickly approaching.
With so much vying for your attention, it’s hard to focus on the most important aspect of any business: the bottom line.One of the best ways medical billing services can get their providers more money is by changing their processes to focus on the 3 R’s of increasing revenue:Reorganize, Retrain, and Renegotiate.