Deciding whether or not to outsource your billing can be a difficult decision for many practices. Medical Billing has always required a specialized set of skills, and in the last few years we’ve seen an increase in complexity. Profit margins are shrinking in the private sector due to reduced carrier allowances, increased regulation and carrier red tape. Whether you are a new practice startup, experienced veteran, or in the midst of turmoil, working with a specialist makes a lot of sense. Our company will provide your practice with expert revenue cycle management, strategic planning and practice management support to meet any goal and guide your practice through current obstacles.

Our billing service can operate at a lower cost than a single practice and those savings are passed on to you. We hire the best staff possible and keep them trained and current in the latest and greatest. In addition to the direct financial benefit of higher returns for lower costs (elimination of your overhead through benefits reduction, PTO, uniforms, insurance, hardware…), you save beyond that in areas more difficult to quantify such as your time, stress, and office space.

Our coders and billers review all payments while posting to verify the carriers are paying the correct amount and reducing unnecessary adjustments. Every outstanding claim is tracked until it is processed and paid to its fullest. We work closely with your office to ensure an efficient workflow and provide training when needed.

The healthcare landscape is changing at an unprecedented rate and Medical Billing and Practice Management is not spared. Keeping up with the ever-changing rules and requirements is difficult under the best of circumstances. It requires constant education and diligence. New and deleted CPT codes come out annually, carrier rules seem to vary daily and incentive programs can stress even the most well-run practices. Most people just don’t have the time or resources to dedicate to this task.

The less money that is erroneously adjusted off or the fewer claims sent out incorrectly means more money in your pocket. InnovateU looks for ways to grow your revenues without you needing to put any additional time in. We will conduct a fee schedule analysis to ensure you are getting reimbursement at the highest possible rate from your carriers. We utilize multiple claim scrubs to verify that claims are submitted correctly. Our team implements policies and procedures to reduce your cycle time, and actively reviews and reworks all denials. It’s these small and often seemingly insignificant steps that can make the difference to a bottom line.

You spent all those years in school to become a doctor so that you could enjoy a long career helping people. Little of that time was spent learning the intricacies of medical billing or practice management. A partnership with InnovateU will free up a substantial amount of time that can be spent with patients. At some point, you may ask yourself “what is my time worth to me compared to what I can spend to partner with experts who will meet those needs”.

Many people think that outsourcing medical billing means giving up control to someone else. The opposite is true, and for most practices, they feel more in control than ever before. Someone else is taking care of the time-consuming work and dealing with the headaches, so that you, the provider, have time for patients. You focus on patients and we will focus on the health and sustainability of your practice. We will provide detailed monthly and annual reports that review the success we reach together.