Our judges (you) have spoken, and we have our Medical Billing Tip of the Month for November. We received a terrific volume of votes! Thank you to everyone who voted on our blog and Facebook. It was a close one but the winner of our Medical Billing Tip of the Month contest this month is…
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.
Dan Young, VP Operations
Representing Healthcare Chart Audits, LLC.
Congratulations Dan! You are November’s billing tip winner! We’re throwing out the challenge to our many other fine billers, billing services and billing managers: Send your tips in, and you could win the $250 prize!
Please be sure to submit your Medical Billing Tip of the Month to Marketing@Kareo.com for inclusion in the next round of judging. We’ll post the top three tips on our Facebook page and on the Kareo blog for your vote! You will win a $250 American Express gift card if your tip is chosen. Who will be December’s billing tip winner?!
Good luck everyone!