There are three Major Advantages to Physician's partnered with Medical Billing Z:
 

• Lowered practice overhead & increased practice revenues.

• Reduction in the stresses associated with practicing medicine.

• Physicians are reimbursed and financially compensated at the level deserving
  of their occupation.
 

The present day practice of medicine is not easy. Managed care can limit effective fee increases while driving up costs associated with visit documentation and authorizations. Meanwhile, other overhead costs continue to climb:

•  Staff costs increase to comply with HIPAA, OSHA, and

   Medicare
•  Transcription costs climb to properly document visits at

   their proper level

•  Billing costs also have increased to keep pace with new technologies, some associated with HIPAA

Medical Billing Z is structured to relieve many of those burdens and release physicians to do what physicians do best – treat and care for patients.
 

By utilizing new technology, Medical Billing Z can submit medical claims electronically, compliant with HIPAA, and receive reimbursement fast and effectively.  In many cases reimbursement is received within 7 days of claim submission, versus the standard 30+ days. Physicians are therefore compensated for their services in a much more timely and accurate fashion.  Would you rather wait a week, or over a month to get paid?  Additionally, in some regions physicians are even given financial incentives from insurance payers for submitting claims electronically, another added bonus.
 

National statistics show that 32% of all medical claims are rejected and half are never re-filed.  That's 16% of all claims in this country, and they never get a chance to get paid. This may or may not be the case with every office. However, if an office generates revenues of $300,000 (per physician, typical for primary care), and if as little as 5% of the claims are rejected and never re-filed, this equates to a cost to an office as much as $15,000 annually or more per physician.
 

Medical billing Z greatly reduces these rejected claims thanks to the technology we employ.  This enables Medical Billing Z to recapture that lost revenue and pass the savings onto the practice and the physicians.

For a more in-depth look at what Medical Billing Z can do for your office follow this link to our Services page.