In May 2018, three former executives of Constellation Healthcare Technologies were charged with fraud. The billing company allegedly had fake customers, subsidiaries, and acquisitions. The men were charged with altering bank statements to boost the company’s value and led investors to believe the company was worth $300 million.
Unfortunately, it’s fairly easy for people to create a company that looks not only official but also successful in the online world. That’s why we have compiled some tips to help you find the right medical billing company for your practice.
Budgeting is an important part of a successful business. However, as with most things in life, you get what you pay for.
If you’re looking for a medical billing company that emphasizes its low cost, you’ll probably also see that their statistics show low revenue, low collection rates, and low satisfaction. Plus, their staff and processes may not be very patient-friendly.
If your practice is not tech-savvy, it can be difficult to know what kind of services would be best for you. However, there are some key aspects you will want to strongly consider with any potential billing company:
The medical billing company you choose will be a crucial part of your business. Dig into their history, their customer reviews, their reliability. Claim generation delays, inconsistent follow-ups, and undelivered promises are some of the common issues that doctors face while dealing with contracted medical billing companies. Ask questions on how the company takes steps in avoiding these impediments.
If you’re looking for a medical billing company that encompasses all of these key qualities, look no further than the exceptional service, advanced technology, and great rates of ProMD. Leave the medical care to your staff and the back-office work to ProMD.
To learn about how we can take the burden off handling your billing functions while helping you pinpoint financial opportunities to drive your practice revenues, call us today at 888-622-7498, or fill out our online form to schedule a complimentary billing consultation.