Table of Contents
- Introduction: Why Does We Handle the Billing, You focus on Healing Matters?
- Identifying the Modern Healthcare Billing Problem
- The Real Costs of In House Billing Errors
- The Benefits of Outsourcing to experts in enhancing your revenue cycle.
- How We Do Things Differently When It Comes to Billing
- Direct Benefits of us doing the Billing The direct benefits are all about saving time and money.
- The ways We Achieve Compliance and Accuracy
- Billing Technology that is Smooth Sailing
- Success Stories In the Real World
- Today, the idea on how to get started with webillhealth.com.
Introduction to Why “We Handle the Billing, You Focus on Healing” is so important.
In modern hectic healthcare, health practitioners operate under a balancing act. On the one hand, they have their vocation namely patient care. An infinite burden of administrative tasks, insurance follow chances, coding requirements, payment collection are some burden on the other side. It is why; we do not just profess the slogan that, we handle the billing you focus on healing, but invest in the process to give back your valuable time, efforts, and peace of mind.
At Webillhealth.com, we would like to make sure that your hands are in the hands of the medical instrument, not in the paperwork. You need not focus on finding out which claims are rejected but diagnose the patients. That is where we step in-we handle the total revenue cycle so that you can do what you do best.
The Cognizance of the Modern Healthcare Billing Conundrum
The way healthcare companies bill has changed a lot in the past ten years. Dodging compliance requirements, the complexities of ICD-10 coding and specific payer requirements, the tiniest error in billing can result in rejected claims, delayed payments or audit.
The message of this phrase is: we do the billing, you do the healing. With the help of special professionals, you eliminate the hassle to make an effort to stay on top of the constantly shifting regulations of billing and, at the same time, manage a medical practice.
There are certain problems with the billing in the corrections field that are basically:
- Denial Rates are High – Usually wrong coding or documentation cause this.
- Delays in payments have the potential of damaging cash flows.
- Compliance Risks-Changing HIPAA and insurance requirements.
- Staff Overload- Staff in-house teams end up being divided between the patient care and the billing.
The True Cost of In-House Billing Errors
Handling billing in-house may seem cost-effective at first, but it often leads to hidden expenses. Studies show that even a small percentage of claim errors can cause thousands in lost revenue each year.When medical staff are forced to divide their time between clinical duties and administrative work, both areas suffer. Patient care quality drops, and billing accuracy declines. That’s why “we handle the billing you focus on healing” is more than a tagline—it’s a proven strategy for protecting your bottom line
In-house billing issues include:
- An escalated cost of training and retention staffing.
- Increased turnover, as a result of agency burnout.
- Effective Claims Dispute/Follow-up.
- Forgotten possibilities of reimbursement optimization.
The phrase, it turns out, is more than a slogan, it is, in fact, a tried and tested method to ensure you keep your bottom line safe.
Problems in billing in house are:
Higher training and retention costs of personnel.
Increased burnout resulting to turnover.
Failure to ensure that the follow-ups of claims were not efficient resulting in loss of revenue.
The lost chance to optimize reimbursement.
The Increase of Revenue Cycle by Outsourcing it to Experts
Engaging Webillhealth.com in your billing process is not an outsourcing exercise because whenever you outsource something you are only doing half a job. Our steps are carefully taken through registration of patients to the final payment.
What you get when we do the billing that you need to be healing:
Faster Payments We sub the clean claim on first submission avoiding delays.
Less Denials Expert billers and coders can capture them before the bills are submitted.
Improved Cash Flow:: Fluid operations can be maintained because the type of income happens regularly.
Less Time on Payments- No more time spent trying to collect payments.
Simple Reasons that Our Billing Is Different
A lot of billing companies just process billings. We step further than that. Here at Webillhealth.com our process is made with the aim of seamlessly fitting into your current workflow and increasing efficiency.
Our way of doing business, i.e., we do the billing you do the healing follows:
Individual account executives.
Specific monthly reports on the performance.
Periodic checks to determine revenue boosting prospects.
Communication with payers that is proactive to ward off denials before they arise.
We are not some company that simply bill on your behalf, we incorporate ourselves as part of your practice.
The Direct Benefits of Allowing us to Do the Billing
With also the “we handle the billing you focus on healing” concept, the benefits of outsourcing your billing are immediate, short-term, and long-term.
Its advantages are as follows:
- Less Administrative Expenses-No requirement of separate recruitment and training of personnel.
- Increased revenue-Properly processed claims results in a reduction of rejected claims.
- Higher Patient Experience-Staff will be able to provide full attention to care, and not collections.
- Scalability-Throughput more patients without straining resources easily.
- Your practice becomes easy to manage and profitable when the billing is in the hands of an expert.
The Way We Secure Compliance and Accuracy
In medical billing, adherence is not desirable, or preferable, it is required. As more and more regulations are set, errors are not something providers should afford. We are compliance-based and therefore, your billing is never an issue and is fully HIPAA, CMS and payer compliant.
Our compliance approaches are:
Training on the new billing regulations regularly is a part of the staff.
Protected systems to safe-keep patient information.
The use of two-verification systems to prevent any mistakes later at claim distribution.
With Webillhealth.com you can rest easy knowing that we process the billing you concentrate on healing the most secure, compliant way possible.
Billing Technology That Is Smooth
Utilizing the most innovative billing system helps us in the area of efficiency, accuracy, and turnaround time. Our systems range all the way to automated claim scrubbing through real-time tracking dashboards to help make sure nothing is falling through the cracks.
We have technological strengths such as:
Automated Coding Assistance:sort of error reduction in human beings.
AI-Powered Claim Analysis -Predicts, prevents denials.
Safe Cloud Accessibility: Do just what you like by viewing billing performance at any time.
What this means to you is that when it comes to billing, you are concentrating on getting well, you also have the added advantage of near-state of the art technology, at no cost to you to install it.
Real Life Success Tales
Over the years we have done it time and time again putting hundreds of practices in a better place when it comes to their revenue cycle, their ability to relieve headaches associated with billing, and focus only on patient care.
Case in point: A multi-specialty clinic was losing thousands of dollars in denied claims per annum. Denial rates were reduced by 40 percent within three months after the partnership with Webillhealth.com and the monthly revenue improved by 25 percent. The doctors now state with assurance, “we do the billing, you concentrate on healing and it works”
Getting Started today with Webillhealth.com
Now that you are all set to reclaim your time, boost your revenue and get rid of the burden of having to satisfy the billing challenges the next step is easy.
Check us out at Webillhealth.com and find out why an increasing number of providers rely on our “we bill the bill so you can heal the soul” business model. Our onboarding is fast, smooth and individualized.
Final Thoughts
The world of healthcare is complicated, your billing though doesn’t have to be. When you count on experts to handle your revenue cycle, you allow yourself to do what you really should be doing–delivering superior care. We take care of the billing you concentrate on getting well is not only our pledge-it is our demonstrated model of changing the face of medical practice.