As a healthcare provider, outsourcing your medical billing can make things run smoother and more efficient, but if you’re not careful, it can also open the door to some serious compliance and financial risks. In this session we will break down what you really need to know before signing up with a third-party billing company. We’ll cover what to look for in a billing partner, terms that need to be in your contract, common red flags to avoid, and how to keep oversight in place after the contract is executed.
Whether you’re thinking about outsourcing for the first time or just want to take a fresh look at your current setup, this session will give you the tools to protect your practice and make smart, informed decisions.
Efficient and effective billing and revenue cycle management services have become a necessity. Profit margins are shrinking in the private sector due to reduced payor allowances, increased regulation, and payor red tape. Operating efficiently is more a matter of survival than it is good business sense.
At the same time, government payors and commercial insurance companies are increasing enforcement efforts through medical record and billing audits which can lead to significant financial penalties. Compliant documentation and billing are legally required. How can you ensure that your revenue cycle management and compliance are being handled appropriately?
Join Vicki Myckowiak for an intensely practical webinar on the best way to handle your RCM and billing compliance. Topics will include the pros/cons of using an outside billing company, reasonable billing and collection expectations, contracting with billing companies, and methods to ensure effective billing and compliance.
Session Highlights
Session Highlights
Session Agenda
Session Objectives
Attendees will leave this session with a strong foundational understanding of how to evaluate and select a billing company with compliance and performance in mind, navigate the contracting process to protect your practice, meet regulatory requirements, and define mutual expectations. This session will also include discussions about how to identify red flags in a billing company that could put your revenue or compliance at risk.
Session Objectives
Health care providers and facilities depend on billing and revenue cycle staff to ensure the financial viability of their medical practices. This webinar will walk providers through the decision-making process of who should do their billing, appropriate expectations for billing services, and the most important considerations for contracting with a billing company. Attendees will leave the webinar with practical information they can use when contemplating next steps for their compliant billing and effective revenue cycle management.
Ms. Myckowiak has been practicing healthcare law for 30 years and focuses her practice on representing physician practices on issues including compliance programs, Medicare audits, commercial payor audits, billing service contracting, managed care contracting, informed consent, HIPAA, fraud and abuse investigations, reimbursement, and third party payor coverage issues. Ms. Myckowiak also works extensively with third party billing companies. Ms. Myckowiak frequently writes and speaks on trends in health care law including fraud and abuse, government enforcement efforts and regulatory initiatives, contracts, audits, and compliance programs.