The Important Title

6 Tips to Increase your ob-gyn Medical Practice Revenue

We've been for more than a decade in the medical billing industry. On paper, we know all that it takes to improve the revenue of healthcare organizations. But in reality, every day throws a whole new set of problems and possibilities. Working with ob-gyn centers for several years we've learned that the performance challenges vary and usually it is not just poor collections. There are a lot of fault lines that can lead to operational and financial bumps. But no matter the size, location or patient population of the ob-gyn practice, a few reasons for revenue leakage and operational inefficiency remain surprisingly constant.

Here are top 6 factors that stop ob-gyn practices from realizing their full revenue potential.

  1. Inconsistent revenue audits
  2. Coding issues that go unnoticed
  3. Inadequate knowledge of timely filing limits
  4. Improper billing for antepartum care and NST services
  5. Patient billing mistakes
  6. Small things matter

Okay, we can hear you saying "we know this". But there is something you don't know. It is that through simple steps and consistent efforts you can make course corrections. Get More Revenue Increase in Ob-gyn Service

3 Tips to Increase OB /Gyn Revenue - BillingParadise 

 increased 60% revenue for an OB/GYN Center - Case Study

By building capabilities and creating a data-driven culture an ob-gyn group improves outcomes and quality of care

Though BillingParadise helps 20+ Ob-GYN practices to improve their revenue, each ob-gyn center's need is completely different. Most ob gyn centers switch because they were not happy with third Party RCM provider, some look for an OBGYN specific billing company that offers end-end services at low cost, few want to outsource from a small in-house billing team to a full fledged company. Very few practices are particular about coding audits, revenue cycle reports, following industry benchmarks, effective denial handling and RCM enhancement through seamless EHR integration.

Very recently we had such a scenario with one of the busiest ob-gyn practices in Northern California. The ob-gyn practice was using eCW but their billing company was transmitting claims through Office Ally. The practice wanted to opt for electronic fund transfer (EFT) to quicken the payment flow, electronic remittance advice(ERA) to address denials, And most importantly a biller who understood OB-GYN billing guidelines. Read More information


3 proven medical billing pricing models every billing company's CEO must keep an eye on

Pricing is the most powerful lever when it comes to business. It evokes strong emotional responses from people. The standard "good, better, best" approach to pricing is okay but strictly belongs to the garden variety of pricing plans.

We'd just read a blog on how HubSpot's pricing page revamp had resulted in increased marketing qualified leads (MQLs) by 165% and signups by 89%. And also found that most visitors landed on the homepage and quickly moved to our pricing page.

"I was struggling to understand all the different software you'll have to learn and unlearn to bill nowadays. Luckily, the guys at BillingParadise came alone and do most of the legwork. I check the draft version of claims and transmit them. It's increased our productivity a lot", was what Helen Cassano said, the billing director of an ob-gyn practice in California.

 

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