Improving Your Neonatology Practice’s Revenue Cycle and Billing with Confidence
Operating a successful neonatology practice involves many distinct challenges. For many physicians specializing in neonatology as well as practice administrators, one of the most insurmountable struggles is the managing of private insurance and Medicaid billings in such a way as to result in regular cash flow and the building of a practice that is consistently profitable. In particular, many neonatology practices find themselves with far too many denied claims and waiting an unreasonable amount of time for payment for the claims that are accepted. Many neonatology specialists can find themselves discouraged by the time and effort billings requires from their team. Likewise, many neonatology practice professionals are uncertain of how to begin addressing and easing these frustrations.
Whether you are just opening a new neonatology practice or you have been managing a practice for years, there are steps you can – and should be – taking to manage your private insurance and Medicaid billings the correct way. At Fortis Medical Billing, we have the knowledge, insight, and experience you need to successfully manage your billings.
About Fortis Neonatology Billing Company
Who would you rather be caring for your neonatology practice? Would you like your practice’s coding duties to be the responsibility of an entry-level employee with nearly no work experience in neonatology billing? Or, would you prefer to have a team of accomplished and experienced professionals handling it? Each of whom can bring decades of relevant medical billing experience to the table?
At Fortis Neonatology Billing Services, we offer the latter. Our medical billing company is composed of physicians, medical specialists, auditors, registered nurses, and former FBI agents who have devoted their working life to understanding and working with the medical billing industry as well as the myriad of complicated laws, rules, and regulations that apply to it. As an example, Dr. Stephen Taylor is a member of our team. He is both a registered nurse and a physician and has been working in the industry of federal medical billing compliance for over 25 years. Each member of staff at Fortis Medical Billing has a detailed understanding of the critical information you need to keep in mind when making decisions that impact your neonatology practice’s finances and risk. We take pride in working as a team to deliver efficient, effective, and custom-tailored medical billing solutions to each one of our clients ensuring that our clients are paid promptly and that their time and energy are used efficiently when it comes to medical billing.
Our Medical Billing Services for Neonatology Practices and Practitioners
Managing your neonatology practice’s billings takes time, energy, and experience-based knowledge. To reduce your denial rate and A/R collection time, the coding stage must first be thoroughly examined.
Ensuring that you code your billings accurately requires an in-depth understanding of the coding rules and requirements that apply including, but not limited to, professional, facility, and risk adjustment factor (RAF) coding regulations. We share with our clients the crucial knowledge they need to manage their billings efficiently and effectively with services including:
Billing & Coding – At Fortis Medical Billing, we help neonatology practices all across America establish compliant billing and coding policies and practices. Additionally, we assist our clients with integrating these procedures into their patient care and management practices so that the medical billing process is as efficient as possible. While both billing and coding are important steps involved in running a successful neonatology practice, the aim should be that these steps are streamlined, running smoothly in the background, with minimal time and effort from your already busy employees. We provide both initial and continual consulting services intending to ensure that our clients’ billing programs are strong assets as opposed to expensive liabilities.
Auditing – Fortis Medical Billing offers two different types of neonatology billing audit services. If you are considering switching between billing companies, we can examine your current billing practices to determine where there is room for improvement and what such improvements would entail. We can also audit your company’s recent and outstanding private insurance and Medicaid billings to resolve why claims are being denied, as well as why it is taking so long for your practice to receive payment. Second, as your neonatology billing services provider, we eagerly audit the results of our work to maintain transparency and accountability as well as to discover any shortcomings within your internal billing personnel’s procedures and ensure that your neonatology practice’s billing efforts are operating with maximum efficiency.
Revenue Cycle Management – Effective revenue cycle management, or RCM, requires an understanding of your unique practice. Universal RCM “solutions” simply cannot produce the same quality or quantity of results as a system that is custom-tailored to your specific neonatology practice. At Fortis Medical Billing, we work side by side with our clients to understand the unique challenges their practice faces and to develop creative and focused strategies to overcome these challenges.
Why Choose Fortis Medical Billing?
If your neonatology practice requires medical billing assistance, why should you consider Fortis Medical Billing?
How Do You Know Whether it is Time to Seek Help?
You should be considering assistance from a professional medical billing company if:
- Your neonatology practice is struggling to maintain consistent cash flow
- Your in-house billing team or current billing company cannot keep up
- You find yourself working with an outdated billing compliance program
- You often have claims denied and/or have a high accounts receivable
- You know you should be making more money
What Can We Offer that Other Medical Billing Companies Cannot Not?
Fortis Medical Billing offers:
- A success rate of 95% when it comes to securing payment for our clients’ billings
- A client retention rate of 99%
- Operations based in America with headquarters located in Dallas, Texas
- Expert physicians, auditors, and former FBI agents
- No setup fees
Discuss Your Neonatology Practice’s Medical Billing Needs Today
Are you considering medical billing help? If so, we encourage you to get in touch. To speak, in confidence, with one of our senior medical billing consultants, call (866) 808-4160 or inquire online today.
Dr. Nick Oberheiden is a federal attorney with 20 years experience in healthcare compliance and defending healthcare providers.
Dr. Stephen Taylor has 25 years as a medical billing specialist and consultant in medical, chiropractic, nursing, and physical therapy.
Ms. Beverly Gibson has been a health care consultant for more than 25 years and specializes in medical record auditing, E/M training, and audit risk mitigation.