As the owner of an emergency ambulance service, your primary focus may center on helping as many people with medical crises as possible. However, you also must focus to an extent on collecting unpaid invoices and sending out bills to ensure your business has enough money on which to stay financially afloat.
Still, you may not have much time or talent to handle your business's bookkeeping. Instead of allowing it to fall by the wayside or get behind, you can outsource it to a reputable EMS billing agency to take care of for you.
Sending Out Invoices
When you contract with an EMS billing agency, you can ensure that your business's invoices get sent out to the rightful parties. Some of the people that you help may have private insurance that will cover some or all of their ambulance services. Others may have government benefits or coverage through the military that will pick up most or all of their tabs for them.
Others may have no insurance and might be required to pay entirely out-of-pocket for their expenses. Rather than sit down and research where to send each invoice, you can send out your billing to an EMS billing agency. This agency's bookkeeping staff can figure out what parties to send unpaid invoices to and ensure bills are directed to the right parties.
The EMS billing agency can also process the payments that come into your business and make sure the proper accounts get credited. You may not have enough time to process all of the insurance and direct payments that insurers and private paying customers send to you. You need to make sure the right accounts get credited so no one gets double billed or owes more than they should.
The EMS billing agency can credit accounts as payments come in and make sure balances are reduced accordingly. It can also make sure your business accounts reflect the accurate amount of money on which your business has to operate. You will know how much cash is on hand and what kinds of services you can offer based on what accounts have been paid and credited.
An EMS billing agency can offer your business a number of beneficial services. It can take over processing and sending out invoices to insurers and private paying customers. It can also process payments and make sure patient accounts are credited according to when and how much they are paid.