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4 things to look for in a medical bookkeeping service
June 21, 2021 at 7:00 AM
4 things to look for in a medical bookkeeping service

As a medical professional, there are many things that you need to do to ensure that your practice runs smoothly. Between meeting with and treating your patients, you don’t have time to manage your bookkeeping. At Denk & Associates, we can help with our medical bookkeeping service. We specialize in bookkeeping for medical practices so you can focus on the everyday functions of medicine. If you’re looking to outsource your bookkeeping, we have four things you should look for.

Proper pricing

With most things in life, we get what we pay for. This means that there are times when the lowest price isn’t necessarily the best price. Cut-rate bookkeeping services likely go any further than simply balance your books and submit your claims. You’re going to need more financial services that include payroll, tax planning, and employee benefits management. Keep these services in mind when comparing prices so you can make sure that you’re maximizing your services within your budget.

Contract terms

Be sure to keep a watchful eye on not only the length of contract a medical bookkeeping service is trying to get you to sign but how early into your conversations they’re trying to get you to sign it. It’s not common to sign a long-term contract with a service before being allowed either a trial period or getting to see how the service works in real-time. Furthermore, you should have a strong understanding of the fine print. Are there certain conditions that absolve the bookkeeping service of liability in case of a HIPAA breach or a critical accounting error? Don’t get pulled into a service that doesn’t give you all the details before signing a contract.

Information storage

Information storage in the medical world is incredibly important. This includes everything from personal information to billing records. Ensure that you can get the necessary information back from your medical bookkeeping service if you decide to cancel their service because there’s a good chance that you’ll eventually want to move on from them at some point.

While it might seem basic and simple that you should get all of your financial records back upon cancellation of services, this isn’t always the case. There are times that services will include in contractual language that they own all of the data and information rather than it still remaining the property of your medical practice. This can lead to eventual legal battles that you don’t want to have to get involved with.

Claim resubmission policy

When it comes to submitting medical claims to insurance companies, it’s inevitable that there’s going to be a rejected claim. If your bookkeeping service takes care of your insurance claims for you, it’s best to establish who is required to resubmit that claim. Does it get sent directly back to your office for modification and resubmission? Or will the bookkeeping service take care of the submission for you? Have these terms written into the contract so that you can get the best possible services for you and your patients.

Contact us for more information

If you’re searching for a medical bookkeeping service, please don’t hesitate to reach out to our team at Denk & Associates. We can provide you with more information about how we operate so you can make the best decision for your practice. We specialize in providing bookkeeping for medical and dental offices so we have the necessary experience to keep your finances in order. Give us a call today at 717-652-4952 or send a message using our contact form. We look forward to hearing from you.