Financing Your First Business

Tips To Ensure You Bill Your Patients Properly: Medical Facility Guidelines

19 September 2022

Jimmie Holland

Running a medical facility is usually quite a difficult task. There are a lot of moving parts that need to be managed daily for things to run smoothly. Billing your patients correctly, for instance, can be tricky, as there are many different types of insurance plans and coverage levels.

If you're not careful, it's easy to make a mistake when billing a patient. This can lead to a lot of problems down the line, including angry patients, insurance companies refusing to pay, and even legal troubles.

Discover a few tips that will help you ensure that you bill your patients properly.

Make Sure You Understand the Different Types of Insurance Plans

There's a wide variety of insurance plans out there, and each has its own rules and regulations. You need to take the time to understand the different types of plans so that you can bill patients correctly.

For example, some plans have co-pays, while others require the patient to pay a deductible before coverage kicks in. If you don't understand how a particular insurance plan works, you could end up billing the patient for services their insurance should cover.

Similarly, you also need to be aware of the different coverage levels. Some plans have 100% coverage, while others only cover a portion of the cost, depending on the service type. Any patient with a plan with a lower coverage level will likely be responsible for a larger portion of the bill.

If you don't want to deal with the hassle of billing patients yourself, you can always outsource patient billing services to a third-party company. This can take a lot of the stress and burden off your shoulders. The company will handle all aspects of patient billing, from insurance claims to collections.

Keep Detailed Records

It's important to keep detailed records of all the services you provide to patients. This will come in handy when it's time to bill them. Make sure you keep track of the date, time, and type of service for each patient. This will help you avoid billing mistakes and make it easier to track any errors.

In addition, you should also keep detailed records of each patient's insurance information. This includes their policy number, group number, and insurance company's name. While most patients will provide this information when they first visit your medical facility, it's always a good idea to have a backup in case something happens to the original copy.

You should also pay attention to the non-medical services you provide. If you have any questions about how to bill a particular service, don't hesitate to ask your supervisor or contact the patient's insurance company directly.

Contact a patient billing service to learn more. 

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