It’s not just hospitals and doctor’s offices that need medical billing: universities require this service as well. Student health and wellness is a crucial element of the medical community. That’s why Medical Healthcare Solutions is proud to offer comprehensive medical billing to universities throughout the United States. In 2015, more than 20 million students were enrolled at American colleges and universities, representing an increase of about 4.9 million since 2000, says the National Center for Education Statistics. All of those students require healthcare of some kind.
Established in 1995, MHS is a privately-owned company by Stephen P. Brighton and Regina S. Brighton providing complete billing and practice management services for healthcare professionals. We extend those services to universities because students who live on campus require health care assistance just like the general population.
Because students who live on campus may not have the time or resources to visit an off-site doctor — often in a new city in which they don’t know many people — they often turn to their university’s health and wellness center for treatment, referrals and educational services. Those services need to be billed to the proper insurance companies, and that’s where MHS comes in.
Lost revenue in hospitals due to self-pay billing issues is as high as 30 percent, with recent surveys revealing that U.S. physicians and hospitals don’t know how to properly use the latest mobile devices and Internet services to deliver quality patient care, according to the Huffington Post. However, this isn’t the only reason – or even the most important reason – to enlist the help of a medical billing service.
New Revenue Opportunities: The Biggest Benefit of All
Lost revenue is indeed a reason why universities need medical billing services, to be sure, but perhaps even more important than focusing on dollar savings is a focus on new revenue opportunity. Indeed, the biggest benefit to using a billing service like MHS is that universities can establish a new revenue stream by reducing self-pay billable line items. Money streams that were previously written off as uncollectible can now be recouped through proper procedures. This opens up a whole new possibility for revenue and thus growth potential for your university in an economy where the recovery rate for non-hospitals is about 21 percent when it comes to healthcare debt and collections, says ACA International.
However, universities and colleges do offer valuable services in terms of student health and wellness, providing healthcare solutions such as:
- Flu shots
- Emergency aid
- First aid
- Pregnancy prevention programs
- Disease awareness programs
- Alcohol and drug education
- Sick visits
Medical billing is no doubt a demanding and challenging task, particularly for small universities and colleges. Not only does using a medical billing service save time and money, it eliminates the stress of concentrating on too many tasks at once. You’re saving on staff resources, as well — allowing your staff to devote their skill set to their actual job description rather than trying to cram billing on top of an already-overloaded office. Other benefits include:
- Increases focus on student care
- Reduces amount of billing errors
- Saves thousands of dollars per year on salaries and benefits, office supplies, furniture, billing software maintenance and computer equipment
- Reduces billing interruptions due to worker absence
- Improves patient satisfaction
- Ensures billing compliance
- Increases revenue
If you are seeking quality medical billing services for your university or college, contact Medical Healthcare Solutions today at 800-762-9800 or fill out our convenient online form for more information. We are proud to have decades of medical billing experience and service to the healthcare community — and now to the university health systems throughout the United States. We have the solutions that can make your office work seamlessly!