What You can Benefit from Using a Medical Billing Clearinghouse
The introduction of such medical clearinghouse has surely reduced the stress of the physicians and the insurance provider in a big way. What is great with the clearinghouse is that fact that such makes use of the electronic billing system in order to process the claims to those insurance providers. They would also help the physicians to get the reimbursement in just a short period of time. Before, the home based medical billers were being used. It would actually take long for them to submit a claim and follow this up.
Denial claims would be in queue at the end of the year. This wastage of paper was really on the higher side because many of the claims were mailed via post. Such insurance companies were able to lose a lot of money in order to maintain those postal claims as well as the manpower used for such. The paper wastage has really reduced and the billing process has also significantly increased after the arrival of such medical billing clearinghouses. The billers of the billing clearinghouse would use the electronic mail system through filling a certain form which is the CMS 1500 and this will be mailed to the insurance providers. The process is quite simple. Such clearinghouses have definitely improved the business time of the physician and this would also permit him to treat more patients in one day. Also, they are really useful to get the right reimbursement for the physician after the patient’s treatment.
In general, the clearing houses are actually tied up with a lot of insurance companies and this would help to submit the claims of various patients who have insured in various insurance providers. If a particular insurance provider is not in contract with that particular clearinghouse, then they would print and send a mail to the insurance provider on your behalf but with an extra charge.
Also, they will go through the bills and check those errors before they would submit the claim which would make it quite special. A really important thing that you should also take note is that in choosing a clearinghouse, you also need to select the right medical billing clearinghouse because there are many of them that are found in the market. You should ensure that you read the details before you would hire a clearinghouse because there are those that charge flat fees. Well, the services that are being offered by the medical billing clearinghouses are surely very essential for the different health sectors. For you to be able to benefit from the services which they offer, then it would be best that you search and contact that good clearing house that you are going for so that you will be able to know more information.