Cost accounting is extremely important for medical practices because without knowing the costs it becomes difficult to assess the profit generated by a particular service. It is not enough to be concerned only with overall profit. Providers should also know how much profit is coming from ancillary services, hospital work, office visits and so on. Only when you take a good look at the costs associated with each optometry service, you can calculate the profit made by your practice. It will also help you run your practice in a businesslike manner. Calculating the profit will also help you in determining the required reimbursement level when considering managed care arrangements. See more :http://www.medicalbillersandcoders.com/pressrelease_articles.aspx?ArticleId=518

1. End to End Medical Billing Solutions
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Is Your Optometry Billing Actually a Making a
Profit? How will you calculate?
Cost accounting is extremely important for medical practices because without knowing
the costs it becomes difficult to assess the profit generated by a particular service. It is
not enough to be concerned only with overall profit. Providers should also know how
much profit is coming from ancillary services, hospital work, office visits and so on.
Only when you take a good look at the costs associated with each optometry service,
you can calculate the profit made by your practice. It will also help you run your practice
in a businesslike manner.
Calculating the profit will also help you in determining the required reimbursement level
when considering managed care arrangements.

2. End to End Medical Billing Solutions
Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
Page 2 of 5
Is weak optometry medical billing services affecting your profits?
If your practice is making low profits, there are two reasons behind it. Either you are
spending a lot or you are getting too little revenue. An untrained billing team is the main
cause behind low revenue.
If your team of billers and coders is working without adequate support and training,
your chances of getting paid on time reduces to a great extent. With the rise in number
of patients and lack of well-trained staff, billing tasks are not getting the required focus
at medical practices. This is affecting the financial health of medical practices in the long
run.

3. End to End Medical Billing Solutions
Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
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Various services have been added to the care package of optometry clinics, making
medical billing a daunting task. Some of the challenges faced in optometry billing are:
 Errors in data recording are one of the most common challenges faced by optometry
practices. If you have untrained medical staff, the task of collecting required data
and recording it with the right codes is often overlooked
 Irregularity in follow-up and customer dissatisfaction is the cause of bad debts for an
optometry practice. Data requirements for settling AR needs to be fulfilled in order
to ensure no revenue is lost
 HIPAA norms have also added pressure on the EMR and coding system of an
optometry practice

4. End to End Medical Billing Solutions
Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
Page 4 of 5
 There are certain compliance standards and pre-authorizations required by
Medicare, Medicaid and other private insurance providers for optometry
procedures. If your staff is not trained for such requirements, claim settlement will
become difficult
Expenses of your practice can be controlled by outsourcing your optometry medical
billing and coding tasks to a billing company. It will not only ensure timely claim
submission and maximum reimbursements but also eliminate the cost involved in hiring
or training staff and making system changes.
Medicalbillersandcoders.com is a reputed billing company that has been helping
optometry practices increase their revenue and decrease their expenses. The team at
MBC is well-trained in submitting claims, posting insurance payments, managing
account receivables, follow-ups with

5. End to End Medical Billing Solutions
Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
Page 5 of 5
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