Many drug and alcohol treatment centers today see 2016 as being a tough year. A lot of treatment centers got audited in 2015 by insurance companies. A few news reports came out that stated many treatment centers in Florida around the USA were using fraudulent business practices. It is necessary to be 100% honest when dealing with any kind of medical billing or drug treatment.
In 2016, it will be a lot harder to turn a profit. It is not uncommon for treatment centers to receive checks for only $5.000 when they have treated a person for a 20 day stay in their facility. Your check was supposed to be for $15,000 and instead you got one for $5,000. Yes, you are feeling the pain like many treatment centers are today. How can you combat this though? What must you do in order to turn your business around?
If you own a treatment center, you might agree that having your own treatment center is challenging. Many people say that the insurance companies are wrong for doing audits. They see it as unfair. Many treatment centers are having to wait up to 90 days or longer to see their reimbursements. Often, they would see big checks for $10,000 or more. Today, many insurance companies are paying out far less than that. The shakeup seems to only be getting tougher. The main thing is that you are going to have to make your business 100% legal and ethical.
Most of your advertising dollars are going down the drain as well. Why is this happening? Simply because most people that call into your facility either have no insurance, Medicaid/Medicare insurance or an HMO policy. It is not easy to find a client that actually works well with your facility. Many treatment centers today feel that the system is not fair. Some treatment centers are giving up altogether on insurance and accepting cash pay only.
One important step for every treatment center to take is to do your own in house audits. Don't wait for an audit from the insurance companies. Business owners need to be more on top of what their medical billers are doing. If you are the owner of the treatment center, do you have your own in house people doing audits each month? In this way, you can see whether or not everyone is doing their job properly. Hiring a medical billing consultant is also a wise idea. Let them come into your practice in order to show you what you may or may not be doing wrong.
Treatment centers are leaning that you must have a good medical biller in order to be successful. Not all medical billers are the same. If your in house biller does not understand ICD-10, then this is the bulk of your problem. They will often give you excuses like, "I don't know why the claim keeps on getting sent back." The main reason is that your biller doesn't know what they are doing. It is blunt, but to the point. Billers today often know that they are not qualified to do the job because they are not properly trained. Instead of telling you this, they will often make excuses. Be smart about who is handling your billing.
In 2016, it will be a lot harder to turn a profit. It is not uncommon for treatment centers to receive checks for only $5.000 when they have treated a person for a 20 day stay in their facility. Your check was supposed to be for $15,000 and instead you got one for $5,000. Yes, you are feeling the pain like many treatment centers are today. How can you combat this though? What must you do in order to turn your business around?
If you own a treatment center, you might agree that having your own treatment center is challenging. Many people say that the insurance companies are wrong for doing audits. They see it as unfair. Many treatment centers are having to wait up to 90 days or longer to see their reimbursements. Often, they would see big checks for $10,000 or more. Today, many insurance companies are paying out far less than that. The shakeup seems to only be getting tougher. The main thing is that you are going to have to make your business 100% legal and ethical.
Most of your advertising dollars are going down the drain as well. Why is this happening? Simply because most people that call into your facility either have no insurance, Medicaid/Medicare insurance or an HMO policy. It is not easy to find a client that actually works well with your facility. Many treatment centers today feel that the system is not fair. Some treatment centers are giving up altogether on insurance and accepting cash pay only.
One important step for every treatment center to take is to do your own in house audits. Don't wait for an audit from the insurance companies. Business owners need to be more on top of what their medical billers are doing. If you are the owner of the treatment center, do you have your own in house people doing audits each month? In this way, you can see whether or not everyone is doing their job properly. Hiring a medical billing consultant is also a wise idea. Let them come into your practice in order to show you what you may or may not be doing wrong.
Treatment centers are leaning that you must have a good medical biller in order to be successful. Not all medical billers are the same. If your in house biller does not understand ICD-10, then this is the bulk of your problem. They will often give you excuses like, "I don't know why the claim keeps on getting sent back." The main reason is that your biller doesn't know what they are doing. It is blunt, but to the point. Billers today often know that they are not qualified to do the job because they are not properly trained. Instead of telling you this, they will often make excuses. Be smart about who is handling your billing.
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We are one of the top drug rehab centers in the world today. There are hundreds of drug and alcohol treatment centers that you can pick from. We offer an inpatient and outpatient program for our clients. Drug treatment centers offer you a way to get drug free. When you go to an inpatient program, you get to spend time with yourself. Discovering why you have become addicted in the first place is good for recovery.
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