How to Build a More Streamlined Orthotics Billing Practice

The challenges in Orthotics billing

If one considers history, orthotics billing has rarely faced tougher times than these. The pandemic has been bad enough, having wreaked havoc in so many areas of health care practices, including orthotics and prosthetics. Now, as the world begins to totter back to normalcy, the US economy is hit by a state of inflation. There couldn’t have been a worse time.

To add to the trouble, those in the Orthotics & Prosthetics business have been finding it increasingly difficult to sustain their billing desk personnel. The sharp rise in salaries, the alarming dearth of trained billers and the general rise in cost – have all contributed to a crisis where getting your billing done in an economical and sustainable manner has become almost impossible.

The sunburst in Orthotics billing

As the accumulating clouds continue to cast dark shadows on your collections and even your overall profitability, the only ray of hope seems to lie in outsourcing all your billing to offshore billing service providers. The idea is to escape the current perils of the US economy. The right offshore partners can help reduce your billing costs, improve collections and get your revenue cycle back in shape without making you lose your shirt over it.

Many small to medium practices often find themselves understaffed when it comes to engaging medical billers who understand the complex and varied requirements of different insurance providers. This is where outsourcing can make a big difference. Competent third-party companies keep their team members up-to-date with all the necessary training and compliance. They ensure that all aspects of the orthotics billing cycle are completed in time and in the proper manner, and fewer of them are denied or rejected by the payors. As a result, they can bring about a noticeable increase in the collection rate and help to keep you profitable.

Dedicated medical billing and coding service providers can be a real boon for all busy orthotics & prosthetics practices as they help in freeing up resources, reduce overhead and generate more collections. And yes, they do go a long way in letting you enjoy more free time that you can spend on developing your business or taking care of your patients.