Becoming a doctor is hard work, but it’s worth it knowing you are providing the best care possible to help and heal your patients. Long days combined with midnight calls are par for the course. As a practicing medical professional, the last thing you want to fill your days with is administrative and billing activities. But too often – especially in smaller and private practices – becoming an account executive becomes yet another of your residual duties to keep your practice functioning above the bottom line. If this sounds too familiar, then perhaps it is time to look into adding an expert account executive to your office team. And if you do it the right way – it can not only increase your revenue, it can enhance the overall experience you are providing your most important stakeholder – your patients. If you are searching for someone with that expertise, you don’t have to hire someone full time; here is what you need to know about adding an expert account executive to your team, on your time and terms.
Bringing in an Expert
It’s no secret that collecting patient fees is one of the most difficult and time-consuming challenges a medical practice face. Adding an expert in medical billing and collection practices to a medical practice may free up staff and add to blacker bottom line, but bringing in another full-time employee in itself can be cost prohibitive. So how does a practice implement this? Quite easily there are all sorts of specialists who can be added on an as-needed temporary basis based on your practice’s needs, budget and schedule. However, many doctors or office managers don’t realize they don’t have to hire one single person to their staff to accommodate these responsibilities; there are in fact companies that offer these services on an as-needed basis.
Depending on what an office needs, there is almost always an expert to suffice. For example, some practices require help maintaining their accounting systems; others might benefit from assistance with billing or following up with insurance companies. Adding an expert who knows medical coding, Tricare or Medicare for your state can make life so much easier and stress free. They key is flexibility combined with expertise. Companies like ProMD Practice Management specialize in helping a medical practice streamline their billing and accounts receivable process, as well as other administrative, security and financial support systems. They offer professional assistance in every facet of a medical practice, from coding and billing to collections, and can develop creative ways to train a practice’s staff to become proficient as laws and compliance continue to change and evolve. Most importantly, they can leverage their skills so you and your staff can focus on patient care rather than administrative tasks.
ProMD Practice Management Can Help
Even when done correctly, medical billing and practice management can divert valuable resources and time away from caring for your patients – and your bottom line. By outsourcing your account executive functions, you can also reduce risk of billing denials or experiencing data breaches. ProMD, a premier medical billing and healthcare management company, knows you’d rather take care of patients than get weighted down in medical management. Since 2004, medical professionals the world over have relied on ProMD Practice Management and its team of experts to understand the complex and ever-changing landscape of the medical industry. Dedicated to keeping practices like yours running smoothly, ProMD stands on 15 years of solid reputation and promises to increase your practice’s efficiency and revenue by 20% within the first 90 days. For more information about ProMD’s services, call today at 844-262-8069 or contact us online to learn more about how ProMD can help you increase your practice’s revenue and receivables.