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There are many reasons now than ever before to employ the services of a medical coding and billing business. 

Why? 

Simply put, because the 60 million plus baby boomers are aging.

As they do, they demand excellent health care and they get it. So if you are keeping up with supplying your services to as many  patient’s on a daily basis without the concerns of the paperwork trail then you will reap a large part of the money spent by and for this powerful, very large group of people.  

There are over 1500 health care plans and that causes doctors and their staffs to be overwhelmed with paperwork. The amount of documentation generated in a single day by an average physician is staggering! 

To make matters worse, when a doctor has a full time staff, the errors rise. Industry reports state that 37 percent of an average full time staff makes errors that cause payments to be delayed for up to 90 days.

Healthcare providers are depending  more and more on Independent Contractors to process their medical claims electronically.

As an electronic medical billing professional;

1.       We get patient transaction information from the healthcare provider and enter it into our state-of-the-art medical billing software program. 

2.       We then submit the claims electronically to medical insurance companies for processing and payment. 

ECP (Electronic Claims Processing) dramatically reduces the error rate on claims that are filed and significantly decreases the turnaround time on insurance payments to medical providers.

Errors cause cash flow problems for the medical provider. We eliminate that problem for them. In addition, our service can do away with much of the paperwork generated by a doctor’s practice. 

On average, electronic claims take only ten working days to get payment to the doctor. Manually filed claims, on the other hand, often take up to 70 days or more before payment is received.  The reason is the inordinate amount of errors generated by manual processing.  

So you can see why this is such an exciting and important addition to your practice!

Electronic processing reduces the rejection rate on claims from more than 30% to less than 2% percent.  

Claims processed in the United States escalated from just 5 billion in 1990 to more than 10 billion at the turn of the 21st century and this figure has been steadily increasing. ELECTRONIC CLAIMS GET PREFERENCE! 

Because of errors and costs, Medicare, which sets the trend for medical insurance, says that electronic claims will receive preference over manual claims.

Electronic claims processing is an important new industry that has begun a dramatic growth period.  

This is GMB’S opportunity to offer something that is genuinely needed.

Call us today. 904-568-1807