Business Network New York
Products and Services:2,743
Articles and publications:28,204 (+11)
Tenders & Vacancies:17

Basic Billing Tips for New Medical Practice Start-ups
Recently updated

Basic Billing Tips for New Medical Practice Start-ups
In this blog, Here are 5 essential billing tips that can help you get started to avoid the pitfalls in your new venture.


You were putting up your own medical practice! This means you have probably done your research on the pros and cons, and are aware of the benefits and risks factors. The crucial question now is how to deal with the one and only daunting task – Medical Billing. To be able to maintain that balancing act of funding your practice and continuing to provide quality patient care, an effective practice management cycle is essential. For a successful Revenue Cycle Optimization, given that each component is interdependent right from eligibility checking, charge coding, and claims reimbursement, to accounts receivable and denial management, the state-of-the-art approach is required. Here are 5 essential billing tips that can help you get started to avoid the pitfalls in your new venture:

Basic Billing Tips for New Medical Practice Start-ups

1. Be informed: Your clinical and administrative staff should be trained to collect all insurance details from the patient before the patient–physician engagement is initiated. This includes the name of the insurance provider and the patient’s policy number.

2. Confirm: Your office staff should always confirm the kind of services that the insurance covers for the patient and what disease or ailment  the insurance coverage is for, thus avoiding later misgivings and the high rate of denial of claim reimbursements that may follow

3. Keep updated: With the economic challenges that the world is facing, and new health plans rolling out every year, rules keep changing. It is necessary that you know the fine print when dealing with insurance-covered patients so that claim reimbursements are high and the process of denial management is kept at abeyance

4. Automate: What most physicians have now realized is that automation of the Medical billing cycle is the key to transforming the physician revenue cycle, increasing efficiency, and decreasing claim denials. When you automate, denied claims can be easily routed through to the specialists, thus decreasing the wait time and increasing claim reimbursements much quicker than via the manual route of back and forth, causing unnecessary burdens on your staff.

5. Partner: The real key to building a successful revenue organization is Outsourcing. When you outsource your medical billing services via practice management vendors who can double up as clearing house vendors, the physician can concentrate on the core challenge- quality patient care, rather than on the cumbersome administrative process for medical billing. The reason is simple, the vendors can handle changes in software updates more easily, are updated about the intricacies involved in various kinds of insurance coverage, can verify details much more easily through their networks, are more aware of financial policies, insurance policies, compliance requirements, coding standards, and billing technology and can immediately fix the errors, thereby decreasing the waiting time for claim reimbursements.

To learn more about the Basic Billing Tips for New Medical Practice Start-ups, click here:, Contact us at info@medicalbillersandcoders.com888-357-3226.

view all (171)

Other articles and publications:

The topics discussed in this blog will help you in avoiding fraudulent billing as you have just started your new medical practice.
In this blog, our billing and coding experts shared how to Choose a Desired Medical Billing Company for Your Practice.
In this blog, Here our medical billing and coding experts shared 4 outpatient surgery center coding and billing tips.
In this blog, here our billing experts shared information on Medical Coding and Billing Changes for Family Practice in 2015.
Here we discussed How Efficient Medical Billing and Coding Is Essential for Internal Medicine Practice’s Maintaining Profitability.
Tips for Behavioral Health Billing Tips for Behavioral Health Billing
Information is out of date
Looking for more information about Tips for Behavioral Health Billing click here: https://bit. ly/3dLDFGq. also, you can get in touch with us at info@medicalbillersandcoders. com.

Articles and publications of other companies:

Medical Working Capital Loans
Information may not be reliable
You find the best financing solution for your medical practice. Please contact us today.
For New York Lovers is one of the best online information portals for people in New York when they are looking to search for information about their favorite city.
The Top Tips for Online TEFL
Information is out of date
Teaching English as a Foreign Language is a great way to improve your career and make some extra money. However, before you can start teaching,
Pro Tips For Hiring a Siding Contractor
Information may not be reliable
Money or not getting the work done at all. Always make sure that you have a written contract before hiring any siding contractor.
Tips for Starting Your Own Landscaping Business
Information may not be reliable
As they will be aware of any problems that occur during the landscaping process, which can easily be resolved.
Tips For Roof Installation
Information may not be reliable
Use the tools provided to install the roof so you won't have to take out all the debris again before you begin the actual installation process.
Business details
  • +1 (888) 357-3226
  • 108 West, 13th street, Wilmington, DE 19801
We are the leading Medical Billing Services Outsourcing Company qualified and competent to address diverse medical specialties over 2 decades now in the USA.