Monox Blog

How Aggressive Is Your Anesthesia Billing Company

How aggressive your anesthesia billing company is, will reflect immediately on your bottom line.

Make sure that your anesthesia billing company has an aggressive billing account receivables follow up process. Any good billing company will send you weekly, monthly and annual aging reports. These reports should reflect the correct mix of profits, loss of revenue, insurance adjustments and timely payments.

A lot of billing companies do "soft collections". There should be a blend of the soft and the tough approach. If you have a patient base that needs a stronger approach, consider asking them for "alerts" so that you can give approvals on a more aggressive approach to certain accounts if need be. Choose a company that has a more creative and cost-efficient method of working the claims for better effectiveness and thereby getting  results that will add to your bottom line.

Receivables tend to have a pyramid pattern, where the money flows in easily at the bottom of the pyramid and becomes increasingly harder as we move to the top. In fact they are more routine in nature, but it is the top of the pyramid that has the "difficult" dollars and your billing company must know how to collect on these.

This is what truely defines a good billing company. A company that has the know-how and the experience to tap into these "difficult" dollars.

 

 

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