How Even Highly Trained Physicians Lose Revenue in 2018

WHY YOU’RE STILL LOSING YOUR REVENUE

It’s no surprise that even highly trained physicians are losing their revenue due to disjointed billing processes. Despite the importance of having high-quality clinicians to the hospital’s success, there are many losses in the bottom line and workforce management. Looking at what hurts your revenue cycle management and why you need to switch to outsourcing your medical billing are essential steps to your financial health.

Factors that Affect Your Revenue

What should drive your physician strategy is how to boost the return on hospital-employed physicians. Let’s take a closer look at how your revenue is being affected by factors and explain some of the differences.

Interpretation of billing rules

physicians may interpret a billing rule differently compared to another doctor or professional association. This might explain some of the revenue differences among doctors conducting similar activities. Optimize your remuneration by working with Synapse who have a global view of the median income for someone in your practice and who knows how to accurately interpret these rules

Billing personnel expertise

your specialized practice has its own billing rules and details that your staff must thoroughly understand. A lack of knowledge concerning the billing rules could result in important revenue losses. Synapse has a team of billing experts that prevents the liability of financial investigations because of their accurate, efficient, and transparent work.

Billing software

it’s time to check on your intelligent software or if you don’t have one, consider acquiring one since an absence of efficient and complete software puts you at a disadvantage. Software is designed to optimize your billing, notifying you when a code needs to be added or changed, or when data is missing.

WHY YOU’RE STILL LOSING YOUR REVENUE<br />

Benefits of Outsourcing Medical Billing

With the increased competition in the industry, more providers seek efficiency and security for their patients and staff. Outsourcing your billing reduces administrative tangles and workload, plus it allows specialists to manage internal processes while you keep tabs on them.

Synapse’s services have produced promising results for many practice managers. But in case you’re still weighing your decision, simply provide Synapse with your contact info for a free consultation as well as an article about what your immediate savings could be from outsourcing your billing with us. We’d be glad to answer your inquiries.