5 Reasons to Hire Commonwealth Billing Today!
Expertise: If you were a patient in search for the best possible outcome you would identify a respected expert in their given healthcare field, correct? The same holds true for revenue cycle management. Although the thought of outsourcing your revenue cycle management process to a third-party company can seem foreign to some, to others, the choice is clear based on expertise. Although there are many capable independent medical billing specialists, forming a team of highly trained and experienced staff provides additional expertise and outlets that are simply not available to in-house medical billing staff. At Commonwealth Billing, we have medical billing specialists with more than 30 years of individual experience and when combined, our team is unrivaled in revenue cycle management expertise.
Consistency: In-house revenue cycle management can cause compounded problems if you experience turn over or extended leave due to illness or family events. At Commonwealth Billing, we provide each practice their own designated account lead, but provide layers of additional staffing support beyond your designated lead. In addition to staffing consistency we operate each account under set protocols and procedures. This way, you know your account is being handled based on a history of proven practices and procedures to help ensure your success.
Proven Success: Year in and year out we have proven our abilities and success based on the performance of our clients. Our physical footprint has expanded throughout the east coast due to our history of proven success for our clients. Whether it is enacting procedures and protocols to ensure the highest percentage of first-pass claims, or instituting clinical protocols to make ensure all charges are captured, we have a track record of proven success for our clients.
Reporting Capabilities: At Commonwealth Billing, we provide our clients a host of vital financial and performance reports. We are also able to customize reports based on client requests to ensure each client receives the data they need. We also schedule in-person meetings and teleconferences to discuss reports with our clients based on their preference. In the end, our success has been grounded in our core value of transparency. Our goal is to ensure each client rests comfortably knowing we are providing the best possible work product by continually providing and updating reports with measurable and verifiable data and metrics.
Negotiation Experience: Our group has negotiated and re-negotiated fee schedules for various payers with tremendous success. Whether our negotiation was at the start of a new practice, during contract terms, or at contract renewal, we have been able to garner increases for a litany of specialties. Insurance companies will never offer increases unless you can provide the data necessary to demonstrate why increased reimbursement is justified. At Commonwealth Billing, our experts can compile and assimilate the necessary data to afford you the best opportunity to negotiate higher reimbursement. If you have not reviewed the fee schedule associated with each payer contract in the last year, call us!