Wilmington, North Carolina (PressExposure) September 21, 2007 -- Atlantic Financial Consulting now offers a web based billing system to doctors that outsource their billing. Dallas L Alford IV, CPA and owner explains the benefits of a web based system.
With more and more doctors realizing the benefits of outsourcing their billing, it's crucial that practices choose a billing firm that can keep them connected to their claims. Dallas L Alford IV, CPA and owner of Atlantic Financial Consulting, a medical billing firm in Wilmington, North Carolina explains that many billing firms just show up at the end of the month with a report that shows the doctor the claims activity for the month. "If you outsource your billing and don't have 24/7 access to your claims you are putting your practice at a serious disadvantage," said Alford.
He went on to explain that Atlantic Financial Consulting offers a web based billing system in which clients can log on any time and any where there is an Internet connection and check on the status of their claims in real time. Alford further explained that their system is backed up frequently and is completely HIPAA compliant.
In order to maintain efficiency and profitability in the health care industry, it is critical that medical practices stay on top of the leading edge of technology.
He further explained that in addition to on-line access, his firms billing system has a claim rejection rate of less than 2% because claims are scrubbed and audited for errors before they are sent to the clearing house. "If your current billing firm or if the system your practice is using if you do your billing in-house does not have such capabilities, you could be experiencing a significant claim rejection rate, which translates to lost dollars that can be in the thousands," Alford said.
Alford explained that his firms billing system also included the ability to run customized practice management reports. Such reports are critical to the success of a practice because they assist both doctors and office staff in managing the practice from a financial perspective.
He concluded by saying, "The great thing about our billing service is that we can service clients in any geographic region since we can keep them connected to their claims, which means they still have control over the process."