The No Surprises Act is passed and set to take effect January 1, 2022. As a result, based on different states’ regulations, there may be changes to the way medical billing is done. For one thing, your healthcare practice must start being more careful about providing information related to the network status of your practice and individual providers within your practice. There may be a lot to prepare, but our services will help to alleviate some of the stresses with this change so your practice’s cash flow is not significantly impacted and you can operate as usual.
How Our Services Help
At Americare Network, we are focused on billing. Our expert team understands and keeps up-to-date on all the information surrounding the medical billing industry, including changes such as the No Surprises Act. This will ensure we are billing in an accurate and compliant manner. Our services, such as checking on contracts and benefits, allows our team to be fully aware of whether your practice is in or out-of-network with your patient’s insurance provider. This will help to decrease the risk of billing incorrectly and needing to withdraw claims that violate the Act.
The Act emphasizes billing out-of-network patients at the contracted in-network rates for certain circumstances. There could also be a monetary penalty is billing is done in violation of the Act. If you are worried about your practice’s cash flow and revenue management throughout the change, our healthcare practice financing service can help take away some of the stress involved. We have designed and are delivering a unique financing option that is available to only our medical billing clients.
As part of the service, your healthcare practice is eligible for a line of credit, borrowing at 50% of your past 3 months’ average collections. This will be an immediate financing option, so you are equipped with the finances your practice needs to operate right away. Then, our billing services helps to receive quicker and more accurate collections, so your practice is ready to help patients in the long-term.
There are a lot of small details to the No Surprises Act and you might be worried about making these changes at your practice. Whether you are a current client or are in the process of looking for outsourced medical billing services, Americare Network is here to help. Our focus on billing and our unique financing services allows us to help your practice receive more accurate collections and in a more timely manner than in-house billing. Whether it is before the No Surprises Act, during, or after, we can help. Give us a call today at 801-719-1171 or book a free consultation to learn more about how we can help your practice add revenue in today’s environment.