The payors make profit on the float, so they hold onto the money that must be paid to the provider for as long as possible. The payors have developed solid processes, built state-of-the-art technology, and hired Harvard MBAs to accomplish their business goals. If the volume of your insurance claims is small, then you can process your billing in-house. But as soon as you start seeing many insurance patients, your billing process, technology, and follow-up team must be able to match the payors' process, technology, and personnel. For podiatry practices, Podiatry Practice Management integrates a single technology infrastructure that includes scheduling, documentation, and electronic billing; a shared billing knowledge base; and disciplined claims processing. It tracks payor performance from a single point of control, share payor compliance rules globally, and match its podiatry billing rules to the evolving payor's environment.
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