Common Myths
Myth: Billing companies increase practices' audit risk by over-coding claims.
» Fact: (B)n provides automated and comprehensive rule-based tests to encourage optimum coding practices and minimize audit exposure, post-payment refunds and penalties due to over-coding.
Myth: All Billing companies focus on easy to collect claims, leaving aside more difficult claims as they are too time-consuming and too costly to follow-up.
» Fact: (B)n's powerful, automated claims processing and follow-up engine ensures that every claim is followed-up from submission to payment. Full and detailed 24x7 accounting of all actions on every claim provides practices complete transparency during the entire billing cycle.
Myth: Billing companies costs more than in-house billing.
» Fact: (B)n's low monthly charges combined with its ability to dramatically increase practices' collections, improves providers' bottom line by an average of 12.7%. In reality, Billing Intelligence is not a cost center, but rather, a "profit center".
Myth: Doctors lose control over the billing process by using an outside billing company.
» Fact: (B)n puts control back in doctors hands by making the billing process entirely transparent and available in real-time, providing 24/7 access to billing performance, claim tracking, payer messages and follow-up actions. Practices obtain a clear understanding of their entire billing and collections process.
Myth: Diligently following conventional billing practices is the key to billing success.
» Fact: (B)n believes that claims are not paid by waiting for payers to pay them. Claims are paid by payers who discover that delay and underpayment are more expensive for them than timely and full payment.
Myth: Providers are no match for Payers' size and resources.
» Fact: Providers joining (B)n are members of an ever-expanding, efficient, and powerful system that matches payers in infrastructure, technology, and scale.