Choosing the Right Internal Medicine Billing Solution
                     
Choosing the Right Internal Medicine Billing Solution
According to a Physician Compensation survey conducted by Sullivan, Cotter, and Associates, the specialty 
physicians across the US saw a 1.9% increase in their compensation in 2014. The internal medicine physicians 
also experienced a two percent change in their compensation between 2013 and 2014. The median total cash 
compensation for them recorded in 2014 is $213,428.
Even though the internal medicine specialty witnessed a slight increase in compensation this year, many 
internists continue to grapple with a shrinking bottom line. This is because treatment by an internal medicine 
physician depends on or collaborates with different diagnostic laboratories and care to justify. Due to such 
varied aspects in the treatment episode, the medical billing and coding become complicated. The medical 
claims for internists require joint coding of services. They also have to deal with a variety of separate codes as 
they have to treat various health disorders.
Did you know that internists have the fifth-highest burnout rate among physicians? On average, they see 20 – 
30 patients a day, working for long hours every week. The pressure caused by healthcare reforms has 
heightened their workload. It has been observed that internists spend around 10 or more hours on 
paperwork and other miscellaneous tasks every week. Some of the most commonly faced challenges are:
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Choosing the Right Internal Medicine Billing Solution
• Failing to keep track of the changes to ICD-9-CM and CPT codes for various treatment procedures included 
in internal medicine. Regular changes in the ICD-9-CM, HCPCS, and CPT codes have complicated the billing 
procedure for internal medicine physicians
• Not coding peripheral tests and processes such as removal of skin tags and injections in an accurate 
manner
Without a skilled team of coders and billers, internists can face serious troubles in transitioning to ICD-10 by 
2015. The rising costs and declining reimbursements are driving many internists to quit their private practices. 
Many physicians have started joining larger groups for avoiding the hassles of running a medical office in the 
current US healthcare industry.
The dependence on other practitioners complicates the billing procedure for internists. However, they can 
streamline their revenue cycle and ensure timely payments through effective medical billing services and 
coding practices. In order to mitigate the difficulties related to billing and administration, many 
internal medicine practices are taking recourse to outsourcing their RCM to billing agencies.
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Choosing the Right Internal Medicine Billing Solution
Choose the MBC for the Right Internal Medicine Billing Solution
Companies like MedicalBillersandCoders.com have been helping internists streamline key financial and 
administrative tasks through effective RCM solutions. The providers have been able to boost their productivity 
and ensure better patient outcomes with the help of outsourcing.
MBC has a team of skilled coders and billers that offer effective billing solutions to over 40 medical specialties. 
They are trained in managing the key factors of a revenue cycle including:
• Medical coding
• Insurance verification
• Patient enrollment
• Insurance authorization
• Accounts reconciling
• Follow-up with insurance companies
• Accounts receivable management
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Choosing the Right Internal Medicine Billing Solution
With the help of an expert team, internists have been able to increase their profitability and reduce the 
administrative workload. While a dedicated team handles claims submission, follow-ups, and compliance with 
healthcare reforms, providers have been able to streamline their business functions and get more done in less 
time.
MBC have certified medical billers and coders who are up-to-date on current billing and coding practices, 
which can help you reduce denials and increase practice revenue. To know more about our internal medicine 
billing services you can contact us at 888-357-3226/ [email protected]
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