Edgewood Healthcare Advisors

What do you think about outsourcing your insurance billing and claims?

Outsourcing insurance billing and finding an insurance billing partner can be daunting for many medical professionals. It can be difficult to know where to start, especially when considering the complexities of healthcare billing. However, by following the following three steps, you can streamline your billing process and increase revenue. Check out our latest blog and find out how you can get started! Read our blog here → https://lnkd.in/erbFmH48 #physician #medicaloffice #medicalpractice #dentalpractice #doctor #Medicalofficemanager

?? When we hear the word "Outsourcing," we think of huge, overseas call centers with questionable and impersonal service. ?? Fortunately, this is no longer accurate as many billing insurance partners are 100% USA based. Check out our latest blog to peel back the misconceptions of modern outsourcing and what benefits it may be able to offer your practice. ?? Read the blog here → https://lnkd.in/egEnXaCq #medicalpracticemanagement #medicalpractice #medicalbillingandcoding #medicalbilling #dentalpractice #medicaloffice #outsourcing

? Let's talk about your practice's insurance billing. Is insurance billing a source of stress for your practice? What options have you considered to help with this?? #dentalpracticemanager #MedicalPracticeManagement #dentalofficemanager #medicalpractice #DentalPractice #medicaloffice

How many hours per month is your team spending on billing and insurance? ? What if you could reduce that to almost zero? ? What other things would you be able to focus on? We give you back your time by simplifying the management of medical and dental offices by handling Billing, Increasing Claims Collection, Reducing Rejected Claims & Appeals, Help Collect Difficult Patients, Grow Your Practice, and Reduce Your Costs. ?? Let's talk and see how we can help you reclaim these hours. https://lnkd.in/epj3t6Bs You're in your practice to heal. Leave the revenue management to us. #medicalpracticemanagement #medicalpractice #DentalPractice #Dentists #medicaloffice #PrivatePractice #medicaloffices

?? Is Edgewood Healthcare Advisors right for you? #dentist #dentistry #dentalpracticeowner #privatepractice #medicalbilling #dentalinsurancebilling #medicalgroup #Doctors #medicalbillingandcoding #PracticeManagement #dentalpracticemanager #MedicalBilling #MedicalPracticeManagement #physicianassistantlife #physicians #dentalofficemanager #medicalpractice #DentalPractice #dentist #rdh #medicalassistant #medicaloffice #Dentists #physician #DentalBilling #dentistry

?? Which is Right For Me: In-House or Partnered Billing Services? ?? Medical billing is a foundational element for healthcare organizations, impacting revenue, patient satisfaction, and operational efficiency. Read our latest blog outlining the core aspects of partnered billing, its advantages, and potential challenges, to help healthcare executives make informed decisions. ?? Read the blog here → https://lnkd.in/e-H9sN6R #medicalgroup #Doctors #medicalbillingandcoding #PracticeManagement #dentalpracticemanager #MedicalBilling #MedicalPracticeManagement #physicianassistantlife #physicians #dentalofficemanager #medicalpractice #DentalPractice #dentist #rdh #medicalassistant #medicaloffice #Dentists #physician #DentalBilling #dentistry

~Attention Medical Offices~ ?? How many patients does your practice see each year? ?? How much time and labor are you using to process each patient? ?? Could those in-office resources be used in a better way? We believe that we can help you. 1) Cost Savings: A medical billing partner can be more cost-effective than managing it in-house, as it eliminates the need to hire and train dedicated billing staff. It can reduce both tangible costs (like salaries and software) and intangible costs (like lost revenue due to billing errors). 2) Expertise and Efficiency: Medical billing companies have specialized knowledge and experience, which can lead to fewer rejections/denials, higher net collections, and faster reimbursements. 3) Focus on Patient Care: Outsourcing administrative tasks allows healthcare providers to focus more on providing quality patient care rather than dealing with billing complexities. 4) Technology Access: Billing companies often have access to advanced billing software and technology that may be costly for individual practices to maintain. 5) Compliance and Regulations: Outsourced billing services stay up-to-date with changing healthcare regulations and billing codes, reducing compliance risks for practices. 6) Revenue Growth: Professional billing services can often achieve higher reimbursement rates from insurance providers due to their expertise in coding and billing procedures. 7) Handling Increased Claim Volume: As practices grow, outsourcing can help manage increased billing workload without needing to expand in-house staff. 8) Reduced Errors: Specialized billing companies tend to make fewer errors in claim submissions, leading to faster payments and fewer denied claims. 9) Managing Complex Billing Cycles: Outsourced services can efficiently handle the entire billing cycle, including follow-ups on outstanding claims and denial management. ?? Give us a chance to show you how we can help you be more efficient and effective with your resources. Schedule a free call at a time that is convenient for you → https://lnkd.in/epj3t6Bs WE HELP MANAGE YOUR PRACTICE, SO YOU CAN MANAGE HEALTHCARE. #medicalgroup #Doctors #medicalbillingandcoding #PracticeManagement #MedicalBilling #MedicalPracticeManagement #physicianassistantlife #physicians #dentalofficemanager #medicalpractice #medicaloffice #physician #medicalgroup #medicalgroups #medicalgroupmanagement #medicalgroupcorporation

The Spring 2024 executive meeting of The Oak Crest Medical Group was a tense one. Revenue had plateaued, and the once-vibrant atmosphere in their practices had been replaced by a pervasive sense of frustration. As the CFO, John, pointed out, the root of the problem was the overwhelming burden of administrative tasks, particularly insurance billing and denials. "It's a drain on our resources," John said. "Our team members are spending countless hours on tasks that could be handled more efficiently by specialists instead of focusing on patient experience." Carly, the COO, agreed. "And let's not forget the compliance risks," she added. "Staying up-to-date with best practices and insurance regulations is a full-time job in itself. Even a small oversight can lead to costly penalties or lost revenue." After a lengthy discussion, the executives decided to explore the possibility of outsourcing their medical insurance billing to a third-party partner. They envisioned a scenario where their team could focus on providing exceptional patient care, while the partner handled the complex and time-consuming administrative tasks. The transition was smoother than anticipated. Within a quarter, the group began to see tangible results. Patient wait times decreased and NPS scores skyrocketed as administrative staff were freed up to focus on patient interactions. Collection rates improved, and the financial outlook brightened. Most importantly, the overall morale within the office had taken a significant upturn. As John remarked at the next board meeting, "This was a strategic decision that has paid off. By outsourcing our insurance billing, we've not only improved our efficiency but also reduced our risk. It's a win-win for our patients and our staff." #medicalgroup #Doctors #medicalbillingandcoding #PracticeManagement #MedicalBilling #physicians #medicalpractice #dentalofficemanager #DentalPractice #dentist #MedicalPracticeManagement #dentalpracticemanager #medicaloffice #Dentists #DentalBilling #physician #dentistry