Navigation Links
Radiologists Help Patients Understand Radiology Expense and Increase Revenue With RadiologyBill

Richmond, IN (PRWEB) December 04, 2013

RadiologyBill is a resource now easily accessible to patients for helping them learn about the process of medical costs and billing. This effort stems from the desire to shrink healthcare revenue shortfalls by identifying valid insurance claims and government benefits. With diminished insurance coverage, higher deductibles, and government benefit cuts on the rise —it is becoming considerably more important for Radiology Professionals to provide innovative solutions that clearly communicates to patients their expenses.

Typically, the Radiology Revenue Cycle allows 30-60 days before a patient receives an imaging or X-ray bill. In many cases, individuals don’t understand why the bill wasn’t covered by insurance or government benefits. This unexpected expense for the patient is what generates the problem. Furthermore, medical facilities’ office operations can become overwhelmed, and physicians are often unable to educate patients about their financial responsibilities. Currently, up to 12%* of patients are billed for accounts that should have been covered by a benefits plan. These errors frequently occur due to unintentional administration mishaps or incorrect patient information. Radiologists usually assume losses on accounts resulting from miscommunication as bad debt.

Statistically, this issue triggers a huge hit to the industry. The Medical Imaging and Diagnostics Industry generated $21 billion in revenue with losses of nearly $1 billion in 2012**. This dilemma can also result in a 3-10%* overall loss for a radiology practice regardless of a billing company’s reconciliation process. This deficit increases the general imaging diagnostic cost for all patients across the United States.

RadiologyBill identifies shortfalls occurring in the revenue cycle to grow revenue for diagnostic imaging centers. “We are the last stop in the Revenue Cycle for Radiologist,” says Chris Coleman, Vice President of RadiologyBill. “If a bill is unpaid and a patient has a dispute, we seek to understand why and identify the right party payer. Sometimes the patient is responsible for the outstanding radiology bill and simply needs an explanation why it was not covered by their benefits.”

Our studies indicate educating patients about billing and offering payment options reduces losses for Radiology Practices by 34%**. Further data confirms a culture focused on efficient communication, accurate billing, and working with patients builds trust between the practice and the patient. This is what RadiologyBill works to create—and the end result of this approach leads to genuine patient satisfaction.

About Radiologybill

RadiologyBill is a third generation family owned and operated radiology bill collections firm servicing radiologist since 1955. Decades of experience and the latest technology allows us to have results beyond a large global agency. We use the personal attention of a family owned business. We are a member of the American Collectors Association and through the years have held many positions on the board of directors of the Indiana Collectors Association, and American Collectors Association. RadiologyBill manages over $60 million in debt collections annually. For more information please visit

  • IBISWorld, **RadiologyBill

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Non-radiologists perform majority of ultrasound-guided invasive procedures, study suggests
2. Long Beach Radiologists Give Uninsured Patients a Solution to the Affordable Care Act
3. Outsourced radiologists perform better reading for fewer hospitals
4. Most patients in the dark about what radiologists do
5. Lung nodule matching software dramatically increases radiologists efficiency
6. Radiologists rank themselves as less than competent on health policy issues
7. Diet Doc Hormone Diets & Weight Loss Plans Reveal Innovative Weight Loss Pills, Saffron Extract, and Natural Hormone Treatments That Help Patients Reach a Healthy Weight
8. New No Cost Exams and X-rays for New Patients Available from Stonehaven Dental Offices in Salt Lake City
9. UK review examines gender differences in COPD patients
10. Diet Doc Hormone Diets & Weight Loss Plans Reveal Advanced Diets to Eliminate Diabetes Symptoms Caused When Patients Gain Weight
11. Disability, distress in RA patients cut in half over last 20 years
Post Your Comments:
(Date:11/29/2015)... ... 29, 2015 , ... Effective immediately, every single IguanaMed scrub style will be ... Target is offering a “Buy One Scrub Set, Get the 2nd Scrub Set 50% ... IguanaMed at a discounted price. , IguanaMed’s mission is to outfit every ...
(Date:11/28/2015)... ... November 28, 2015 , ... Safe storage for contraceptive devices may not ... from Lakewood, New Jersey and the other from Bradley Beach, New Jersey, there is ... the expense of having to replace NuvaRings more often than necessary. As such, it ...
(Date:11/28/2015)... CA (PRWEB) , ... November 28, 2015 , ... Pixel ... fully customizable media panels to choose from, the possibilities are endless. Users have full ... more. With the ProPanel: Pulse masking effects, users are sure to get heads to ...
(Date:11/27/2015)... Angeles, CA (PRWEB) , ... November 27, 2015 , ... ... study carried out by the University of Toronto and the University of British Columbia ... of hospitalizations for head injuries. The article explains that part of the reason for ...
(Date:11/27/2015)... ... ... A team of Swiss doctors has released a report on mesothelioma relapse ... the findings on the website. Click here to read the details now. ... who were treated with chemotherapy followed by EPP surgery. Among the 106 patients who ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... 25, 2015  The American Academy of Pediatrics ... and the March of Dimes cheered today,s signature ... Infants Act of 2015 (S.799), which takes ... born exposed to drugs, such as opioids, and ... all three organizations have worked together leading advocacy ...
(Date:11/25/2015)... 25, 2015 On Tuesday, November 24, ... trial against Wright Medical Technology, Inc. for product ... metal-on-metal hip implant device, awarded $11 million in ... week trial and three days of deliberations, the ... was defectively designed and unreasonably dangerous, and that ...
(Date:11/25/2015)... TEL AVIV, Israel , November 25, 2015 /PRNewswire/ ... Ltd. (NASDAQ: KTOV ) (TASE: KTOV), a biopharmaceutical ... the simultaneous treatment of various clinical conditions, today announced ... of 3,158,900 American Depository Shares ( ADSs ), each ... to purchase up to 3,158,900 ADSs. The ADSs and ...
Breaking Medicine Technology: