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It is important to note that financial strategy and its consequent outcome can be disturbed if you do not have a streamlined process that will yield your revenue in a consistent manner. Also, it becomes important to ensure the right balances that will give your claims the needed dimension with the payors. Maintaining a coherent approach in medical billing is one of the fundamental challenges that every provider faces.

One of the critical aspects that you need to take notice of billing is the claims submission that is in accordance with the insurer guidelines. Not having a synchronized practice can be detrimental to your cause as it will inevitably influence your bottom-line growth objectives in the long run. Some of the common mistakes that are usually seen in medical billing services are

  • Upcoding or down coding: Malpractices in coding with misrepresentation of the services performed for receiving higher or quick payment can amount to fraud and eventually turn out to be catastrophic for a practice. Adherence to insurance guidelines especially Medicare and Medicaid is of prime significance.
  • Inaccuracy in patient’s information: Simple mistakes can lead to denials and effective measures must be undertaken that ensures the minute details to be included with clarity. It may be the spelling of the name, birth date as well as details of an insurer; all the details must have conclusive information.
  • The incorrect approach in coding: It may be the diagnosis as well as service or procedure codes. ICD-10 requires specific detailing and coding standards must be upgraded in the present era. Your coders must have the necessary exposure with constant evaluation and certifications in place.
  • Failure in insurance verification: One of the primary reasons that denials in medical billing increases is the lack of knowledge and proper practices in verification of the coverage of insurance. Providers have to devote time for patient’s eligibility verification services that provide necessary balances.
  • Duplicate billing errors: Billing errors with the same test, procedure or even treatment repeatedly is known as duplicate billing. Many times, it is observed that a process has been canceled yet the patient account still has the details. These errors must be eliminated by process automation.

Setting the Benchmark as a Complete Medical Billing Franchise

Work from home or work anywhere with a medical billing franchise, you simply attract the interest of a prospective client, we do the rest! GoTelecare’s very own medical billing and coding team takes care of everything and processes orders on behalf of the franchisee at an incredibly low, flat hourly rate.

Franchisees enjoy a substantially higher net residual income with no additional expenses and zero headache. GoTelecare billers and coders can work on every available billing software platform! Since we are not restricted to software, there are no limitations what we can do.

We can even work with practices that have created an in-house platform! At no extra cost, every franchisee is assigned a lead generation specialist, making appointments for you to visit with potential clients by means of phone, e-mail and LinkedIn sales.

We provide the only 2-in-1 franchise opportunity in the US providing medical billing and a proprietary telemedicine platform! Partner with GoTelecare at no recurring costs beyond the one time sign up fees.