It’s that time again! We need you to judge our monthly Medical Billing Tip of the Month contest. Listed below are the three top tips submitted this month (out of the many great ideas we received!). Just read them over and then post on our Facebook page which number is your choice for Medical Billing Tip of the Month. You can also post your choice in the Comments box here on our blog. Either way, be sure to vote before the deadline on Friday, November 8th! The winner will receive a $250 American Express Gift Card and the acclaim of their peers. Here are the candidates:
Tip #1: Communicate Effectively
Remember, a first impression is often a lasting impression when communicating; but this is especially true when discussing a balance due with a patient. The words you say, the tone, volume and speed of your voice, and non-verbal mannerisms can have an impact on the outcome of a discussion.
Tip #2: Use Your Kareo Reports to Improve Your Medical Practice(s)
Two great tools for any business to use to improve their productivity are the SWOT analysis and the Gap analysis. But in the medical office, Kareo reports can make those analyses rock.
Your Kareo reports can help with your SWOT analysis. They help identify your strengths, weaknesses, opportunities, and threats.
For the qualified gap analysis auditor, who is also highly knowledgeable with using Kareo reports, the Kareo reports help identify the strengths and weaknesses for each user in your office. If your patient balances report shows too much aging, this can help the auditor identify the weaknesses either in the front desk collections, or if there are back office posting errors, or payer credentialing issues, and so on.
The payment velocity reports can help identify other credentialing issues, how quickly claims are submitted, coding issues, etc. combined with other reports such as denial reports, productivity & Analysis reports, plus others, can give a picture of each provider and if there are areas that need attention.
Other reports help the auditor to give a more complete gap analysis, making the report of findings a valuable tool for any practice, helping the practice manager, providers, and/or owner correct any of the weaknesses and threats to achieving a healthy practice.
Tip #3: Make Payments On Time
When you see the bills in the mail don’t wait to open them. Deadlines come up fast, it’s easy to lose track of time. Opening up the bills and making a mental note of when the payments are due is the best way of making sure all bills are paid on time.
Which tip is your top choice? Vote now on our Facebook page or in the Comments box on this blog. You have until Friday, November 8th, to vote! The winner receives a $250 American Express gift card!