{"id":141,"date":"2019-06-17T17:03:06","date_gmt":"2019-06-17T17:03:06","guid":{"rendered":"https:\/\/www.bradybilling.com\/blog\/?p=141"},"modified":"2019-07-17T17:05:04","modified_gmt":"2019-07-17T17:05:04","slug":"5-reasons-you-should-switch-to-a-new-medical-billing-company","status":"publish","type":"post","link":"https:\/\/www.bradybilling.com\/blog\/5-reasons-you-should-switch-to-a-new-medical-billing-company\/","title":{"rendered":"5 Reasons You Should Switch to a New Medical Billing Company"},"content":{"rendered":"\n
\"A<\/figure><\/div>\n\n\n\n

As a dentist with your own private practice, you want to\nhave the reassurance of knowing your staff is getting paid and the lights are\nstaying on. In your profession, you already have too many things you have to\nworry about, but your revenue stream shouldn\u2019t have to be one of them. To help\nyou determine if it\u2019s time to put your business in the hands of more qualified\nindividuals, here are 5 reasons to switch to a new medical billing company<\/a>.<\/p>\n\n\n\n\n\n\n\n

Hello? Service Is No Longer Timely<\/h2>\n\n\n\n

When you first started with your medical billing company,\nyou probably noticed how quick and timely their responses were. Not only were\nthey fast in responding to concerns or questions, but they were happy to help.\nOver time, as the relationship started to grow comfortable, you noticed days or\nweeks going by without a response to your problem or issue. <\/p>\n\n\n\n

Consider this type of scenario to be a big red flag! When\nyour vendor is no longer timely with their responses, you can expect other\nareas of your practice to begin to suffer. Your medical billing company should\nbe proactive and respond promptly, and they should offer a regularly scheduled\ncall or check-in to discuss your practice\u2019s performance and any concerns you\nhave. <\/p>\n\n\n\n

Wait Your Turn: You\u2019re No Longer a Priority<\/h2>\n\n\n\n

If your practice is already facing lacking response times,\nyou can bet you\u2019re probably no longer a priority on their list. Why? When\ndenials begin to increase or the time it takes to appeal or resubmit is far too\nlong, consider starting your search for a new company. <\/p>\n\n\n\n

Most medical billing companies strive to keep the average\ndenial rate below 5 to 10%, but when this is not the case for your particular\n\u201cpartner,\u201d you\u2019ll begin to notice a negative impact on your cash flow. What\ndoes this mean? The company you\u2019re using no longer considers your business a\npriority.<\/p>\n\n\n\n

From Speedy to Slow: Delayed Claims Submission<\/h2>\n\n\n\n

When dealing with claim submissions, there are certain\ninstances that require a specific timetable when it comes to submitting claims.\nFor instance, if a patient is having work done as a result of a problem that is\nrelated to Workers\u2019 Compensation, all the necessary paperwork is to be\nsubmitted to your billing company within a certain timeframe. In addition, you\nshould expect there to be no more than 48 hours between the time your billing\ncompany acknowledges the information received and submitting a claim. <\/p>\n\n\n\n

Delayed claims submissions can be detrimental to your\nrevenue, as you will begin to experience uneven and inconsistent cash flow,\nwhich can cause a problem for paying staff and bills in a timely manner.<\/p>\n\n\n\n

Where\u2019s the Money? Patient Volume and Revenue Don\u2019t Match Up<\/h2>\n\n\n\n

It\u2019s always great to see patients continually coming through\nthe doors seeking your help and expertise. However, if the money you\u2019re\ncollecting from the insurance companies isn\u2019t matching up to the number of\npatients you\u2019ve been seeing, there\u2019s a problem. Losing money is a business\nowner\u2019s worst nightmare, so when patient volume and revenue don\u2019t match up, you\nneed to begin your search for a new billing company.<\/p>\n\n\n\n

When Growth Isn\u2019t Good: Accounts Receivable Balances Continue to Rise<\/h2>\n\n\n\n

No matter the business, when accounts receivable balances\nare low, you can expect a steady flow of revenue to be coming into the company.\nThis means the money owed to you is coming in steadily with no problems. Unfortunately,\nwhen your billing company is lacking in obtaining the money owed to you and\nyour accounts receivable balances are rising each month, you and your staff\nwill reap the consequences.<\/p>\n\n\n\n

Don\u2019t let your company\u2019s future stay in the hands of a\nvendor who no longer cares about the success of your business. Stay alert and\nlook watch for any signs that signal your company might be in danger of losing\nmoney. If you begin to notice problems, it\u2019s time to start your search for a\nnew billing company.<\/p>\n\n\n\n

About Brady Billing
<\/strong>We specialize in dental offices that provide sleep medicine services and offer billing services for dentist offices throughout the country. By offering a range of billing services, we can assist in answering your questions and providing a complimentary consultation to discuss available services. To find out how we can help you, visit our website<\/a> or call (844) 424-5548<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As a dentist with your own private practice, you want to have the reassurance of knowing your staff is getting paid and the lights are staying on. In your profession, you already have too many things you have to worry about, but your revenue stream shouldn\u2019t have to be one of them. To help you […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-141","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nMedical Billing Company | Reasons to Switch | Brady Billing<\/title>\n<meta name=\"description\" content=\"Are you having difficulties with insurance and billing? 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