Why Your Ambulance Company Needs An EMS Billing Agency
Owning and operating an ambulance service company requires a lot of work. You need to be sure you have qualified EMTs or paramedics available for all shifts, keep track of the vehicles and their maintenance, keep all medical supplies on hand, and perform regular diagnostics on all equipment. There is also a lot of administrative work that needs to be handled. All of this can result in stress which can, in turn, reduce the efficiency of the business. One way to ease the stress and keep the company running and making money is to hire an EMS billing agency. Here are just a few benefits you will receive when you do.
While hiring a company to handle the ambulance billing will cost you money, it won't cost as much as hiring employees to take care of it. The costs associated with employees will include their hourly wage, unemployment insurance, matching their social security deductions, and any other benefits you offer. When all things are considered, an EMS billing company will save you money.
There are many different regulations regarding the billing for ambulance services. Quite often, different insurance companies have their own procedures for billing and payments. A professional company will always stay abreast of any new regulations as well as understand how each insurance company operates. A mistake in the billing process can result in the need to redo all the paperwork. A professional company will always file the paperwork appropriately so you will receive always receive payments in a timely fashion.
Every business that extends any type of credit will have problems getting paid. Whether it is an insurance issue or the bill must be paid by a person, any account that goes overdue or to collections means a loss of income. Ambulance billing companies not only send the initial bill but will also help with any collection services needed. This will keep more money coming to you instead of a portion of the money going to a third-party collection agency.
Keep the billing for your company's ambulance services up to date and correct. Late payments or invoices that go out with mistakes due to compliance issues can be the downfall of your business. Hire professionals to take care of things so you can focus on keeping the ambulances and personnel operating at top efficiency. It will make your life a lot less stressful.
Contact an EMS billing agency, such as AR Management & Solutions, for more information.