Every year, medical providers in the United States leave more than $100 billion dollars of uncollected revenue on the table due to billing errors, coding mistakes, and failing to stay current on medical billing rules. Changes in the healthcare landscape have also left more patients having difficulty paying their medical bills, In fact, patients saw a 13% average increase in their out-of-pocket costs and deductibles just between 2014 and 2015.
Since family practices are facing a lot of factors that make it more difficult to get paid, it’s more important than ever to get proactive about billing procedures. Being proactive and prevent problems before they occur can help your family practice maximize revenue, ensuring you’re properly reimbursed so your practice can continue providing quality care to patients. Here’s a closer look at top 5 medical billing strategies you can use proactively to begin maximizing your family practice’s revenue.