Can Billing Partner Help Improve Your Revenue
                     Can Billing Partner 
Help Improve Your 
Revenue
www.omnimd.com [email protected]
1- 844-666-
4631
Increasing the number of new patients while retaining current 
patients is vital to the success of any physician’s practice. But, 
unless that practice receives steady, profitable cash flows 
throughout most revenue cycles, they may be unable to stay 
operational.
Even before the COVID-19 pandemic, the dilemma of whether to 
do in-house medical billing or outsource medical billing
 beleaguered many physician-owned practices. Now that the 
healthcare industry is inundated with COVID patients and people 
suffering long-COVID symptoms, physicians are discovering the 
numerous benefits of relying on billing partners. According to Grand 
View Research, the medical billing partner market is expected to 
exceed $19 billion by 2026. That’s a nearly 12 percent annual 
growth rate!
How Can a Billing Partner Improve 
Medical Revenue?
Ensures Accurately 
Coded Claims
What is fueling this rush by physicians to find the best 
medical billing partner they can depend on for superior service? One of 
the leading reasons behind the skyrocketing billing partner market 
involves the necessity for filing claims correctly. Unless claims are 
coded accurately and error-free, they will be returned and the physician 
will suffer an interruption in cash flow.
An estimated 80 percent of medical claims and billing documents 
contain at least one error that prevents physicians, clinics and hospitals 
from getting paid. With over 80,000 diagnostic and procedure codes to 
comb through, medical assistants and physician staff simply don’t have 
the time to consistently submit 100 percent accurate claims. 
Unfortunately, the cycle of submitting claims, getting back rejected 
claims, finding and fixing errors and resubmitting them can force 
providers to wait for months before receiving payment.
A professional medical billing partner provides trained, knowledgeable 
billing and coding specialists who’s job is to do one thing: submit 
correct claims the first time. This allows physicians and their staff to 
focus solely on patients and running the office as efficiently as possible.
Handles the Collections 
Process
One of the most time-consuming tasks of a physician’s practice is collecting 
past due payments. Doctors can tell you from experience that simply sending 
past due notices is ineffective for settling a past due bill. Moreover, when 
doctors decide to sell a debt to a collection agency, they lose most of that 
revenue.
Medical Billing Service partners take care of collecting past due payments. 
They employ individuals who options available, such as reserialize in 
collecting debts by working one-on-one with patients, verifying addresses of 
patients who have moved and informing patients of payment di cards, other 
types of insurance or local social agencies.
Increases Revenue by Adhering to Insurance 
Regulations
Major insurance companies, including Medicaid and Medicare, are constantly 
changing guidelines regarding what treatments they cover, patient eligibility 
and how much they will pay for certain procedures. Trying to keep up with 
the constant deluge of modifications to insurance rules is literally a full-time 
job that a busy physician’s office finds difficult to manage properly.
A medical billing partner stays up-to-date in real time to changes made by 
health insurance companies. This means claims won’t be rejected for 
including obsolete or incorrect data. In addition, many updated insurance 
guidelines for Medicaid or Medicare come from changes made by the federal 
government. Continuous noncompliance with federally mandated 
adjustments may result in losing compensation provided by Medicaid and 
Medicare.
Is Outsourcing Medical Billing Right for Your 
Practice?
Consider the following summary of the benefits of hiring a medical billing 
partner:
  Significantly improves cash flow and revenue by eliminating costly errors and claim 
returns
  Reduces overhead expenses
  Less expensive than purchasing and constantly upgrading medical billing software 
(software cannot manage debt collections nor handle problems best suited for 
human-to-human contact)
  Professional medical billing partners provide detailed monthly reports regarding 
claims sent, collections, payments and other important items
  Allows physicians and staff to spend more quality time with patients
  Ensures physician practices comply with ever-changing federal insurance  
regulations
Call today to learn more about how a medical billing partner can give the 
advantages you need to make your practice a long-term success.
Thank You
www.omnimd.com [email protected] 1-844-666-
4631