The Elite Nurse Practitioner is proud to announce The Complete Medical Billing Course: a guide on how to do medical billing yourself! Many nurse practitioners have been asking for a straight to the point guide on how to bill medical insurance themselves and how to code appropriately to optimize their revenue. Well, I am pleased to have finally finished this course to help everyone increase their bottom line! Yes, The Elite Nurse Practitioner Model advocates for opening cash practices, but the reality of the situation is that many of you own and operate an insurance accepting practice or are considering opening one up, therefore my goal is to help you increase your bottom line by teaching you how to bill yourself!
In collaboration with Kimberly Arcara, PMHNP, who owns a very successful multi-provider insurance accepting psychiatric practice and does all of her own medical billing, this course has been developed to help everyone understand the inner workings of medical billing so you can:
1. Avoid having to pay a medical billing “specialist” 7% of your hard-earned money, which will increase your revenue OVERNIGHT!
2. Learn how to optimize your coding by understanding the new E&M coding guidelines so you can maximize your collections and ultimately, your profits!
Many nurse practitioners believe that integrating medical billing into their own practice is difficult and time consuming. Nothing could be further from the truth. If you understand the processes in simplistic terms, then it is surprisingly pretty easy to do yourself once you get the hang of it… and that is exactly what this course does. We break down the steps you need to know in a short and concise way so you can begin doing the process yourself if you are going to accept insurance or already have an insurance accepting practice.
Many people wonder if you can accept cash and insurance together? Yes you can, and we also discuss that in the course if you want to do both!
Now, doing medical billing yourself is a wise move for the nurse practitioner entrepreneur because it will INSTANTLY increase your revenue by up to 8%. When you do not have to pay a medical billing company to do this for you, then you will put more money in your pocket immediately. Any kind of investment that has a guaranteed ROI (return on investment) of 7-8% is a smart financial move. It really is a no brainer. If you know of an investment that will guarantee me a 7-8% return, then please let me know as I will invest my money into it without question…
Let’s run some simple numbers to elaborate how much money you could save doing medical billing yourself:
If you are generating $300,000 a year in insurance collections and paying a medical insurance billing company 7% to do everything for you, then you are forfeiting $21,000 a year of YOUR hard earned money to a third party… $21,000 is the price of a new Toyota Corolla! Multiply this number by 10 years and you could have paid off your house! THIS IS HUGE!
Integrating insurance billing into your own practice vs. outsourcing it to a third party (who doesn’t even care about your business) is one of the best courses of action you can take in your business. It will increase your profit and give you more control over your practice. Even if you do not want to do it yourself, then you could train your office staff on how to do it for you!
This course will teach the nurse practitioner entrepreneur who has ZERO experience with medical billing on how to do it themselves so you can keep more of YOUR money.
You will learn:
- Why you should do your own medical billing.
- The aspects of accepting both insurance and cash in your practice.
- The medical billing terminology and definitions you need to know.
- The initial steps necessary to begin billing yourself.
- Which EMRs and billing software work best.
- The basics of doing insurance credentialing yourself.
- The 9 steps of the medical billing process:
- Insurance verification.
- Patient demographic entry.
- Entering charges.
- Claim creation and submission.
- Payment posting and processing.
- Claims follow up.
- Denial management, including appeals.
- Tips and tricks when speaking with insurance companies.
- The ins and outs of the new 2021 E&M coding changes.
- How to code your visits utilizing the new guidelines so you can maximize your collections!
- And much more!
This course will include a detailed 122 slide PowerPoint presentation that you can print off and utilize as you begin the process of integrating medical billing into your practice. Additionally, we have included documentation to assist you with applying for CAQH, NPI numbers, and a nifty 2021 E&M coding cheat sheet.
This course will be presented over a 2-hour video presentation where Kimberly and I will cover the foundation of medical billing. There will also be audio files for you to download/stream so you can listen and learn on the go!
Included as a BONUS with this course is a presentation from Kimberly on how to maximize your billings utilizing the new 2021 E&M guidelines. She will go over how you should be billing level 4 visits for the majority of your visits utilizing the new guidelines. Also, you will receive a medication pre-authorization tips and tricks sheet so you can learn how to get those medications approved for your patients.
The information about coding and the new E&M guidelines alone will pay for this course after you begin to optimize your billings over just a handful of visits!
If you are looking to AUTOMATICALLY increase the revenue of your insurance accepting practice, improve your autonomy, and understand the innerworkings of how and where YOUR MONEY is coming from, then you need to seriously consider doing medical billing yourself. Even if you do not want to do it yourself, your office staff or medical assistant can take this course and do it for you instead! You might as well be using their time to the fullest if you are paying them!
Disclaimer: This course is a bit dry as medical billing is not the most glamorous of topics, so be prepared! We have done our best to summarize only what you need to know so you can integrate medical billing into your practice as fast as possible. We even hired a medical billing specialist to assist in creating the content presented! If you take this course and follow the steps, you will increase your practices revenue!