Still not convinced?
(For Insurance definitions click here)
There are many other factors that would jolt a provider to consider outsourcing their billing.
Your billing process is inefficient.
Does your collections drop while the time to collect increases? You may have issues in your billing department. Outsourcing to a third-party billing service greatly decreases the number of rejected claims and decreases the time it takes to receive payment from a payer
You have high staff turnover
Turnover is an issue in any industry but turnover in a provider’s billing department is especially damaging. Claim processing is the economic life blood of a practice and a new addition or replacement in the billing department will inevitably lead to slowdown in the processing of claims.
You’re not tech savvy
Software requires training. Add in training for your staff and the significance of this investment becomes clearer. If you don’t want to deal with software upgrades and occasional technical issues, outsourcing is probably a good choice. Additionally ALW uses one of the foremost IT companies in Illinois using advanced technologies. All our clients receive deep discounts if referred by us! In Real Estate it’s, “Location, location, location.” But in the business world it about who you know.
You’re a new provider
New providers have plenty to learn and worry about besides their billing department. Outsourcing their billing right from the start can give them much needed relief from the day-to-day stress of launching a new practice, without a trial by fire in hiring, training and managing employees
You have different priorities
Many doctors are not strong on the business side of running a practice. They became doctors to help patients and not worry about the administrative side of the business. Outsourcing the billing process eliminates the hassle and frees doctors to concentrate on patients
Why ALW?
It’s true, we have a far better success rate then the national average, we offer many other perks like direct deposit and many other features. If knowledge is power we are the one company you want in your back pocket because we have seen the many changes and games the Insurance companies play with Doctors. We want to make a difference and take pride in putting into your pocket what belongs to you.
OTHER IMPORTANT INFO: Besides many years in medical billing, our knowledge, ability, and dedicated follow-up is why the ALW collection rate is consistently higher then our competition.
Our medical billing services accelerate cash flow and maximize the revenue of your practice. Our medical billing and accounts receivable solutions are simple but powerful tools that you can use to reduce expenses and increase the revenue of your practice. You will be able to quickly see the following benefits by partnering with ALW for your medical billing needs the proof is in the results! Read more on what our services can do for you! If you use someone else - it's guaranteed you'll collect less!
We are either willing to work with your inhouse staff to increase your monthly revenue or if you want to outsource your medical billing service to ALW, you will find that this will be a much less financial burden than inhouse billing. A definite plus to your financial solution.
AN IMPORTANT - OVERLOOKED FACT FOR DOCTORS AND MEDICAL OFFICES:
Besides losing untold thousands in unpaid claims - it's common knowledge that the average American cannot pay for their medical bills. That can reflect on you - the Medical provider. If your collection rate is less than 98% - you are in serious danger of losing patients. So in conclusion, your Organizations ability to help your patients and to have them "feel" taken care of is monumental, wouldn't you agree?
Remember, your PR (how patients perceive your Medical office) - the friendliness of your staff, the appearance of your office, how they are helped - which includes helping them with their medical bills - will have a very large impact on what they tell others and IF they will ever come back to your office for help. While the patient will "say he/she understands" the insurance company isn't "paying-up," the reality is that the patient will equate your practice with, "Why can't my Doctor collect on my Insurance claim - I pay the Insurance company, so what gives?"
Do you think they will come back to you for help if they are stuck with a medical bill they probably can't pay or will most likely put them in debt especially right now when the economy is so bad and so many people are losing their jobs?
Wouldn't you like to tell them - "That's not a problem, we will take care of you, we have a team of experts on it" because you can say that if you have ALW with your Medical Billing or even if we assist your in-house team. You have tried to be in your patients shoes - and this is a vital part to consider.
So please ask yourself - how much is a patient worth to you?
Need more money in your practice? Contact us for a free, no obligation consultation.
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