Lake Forest, IL
Lake Forest's Experts in Medical Billing
Partners in Excellence
WHAT WE DO
Physician Billing Specialists, LLC’s mission is to develop long-term partnerships with healthcare providers by meeting and exceeding their revenue cycle needs. We are committed to treating our clients and their patients with dignity and fairness while providing sound financial solutions for them utilizing our professional expertise, exceptional support services, and current and future technologies.
PBS works with over 90 providers whose practices range from large groups with more than 43 physicians to solo practitioners.
Allergy and Asthma
Plastic & Reconstructive Surgery
"I enthusiastically endorse Physician Billing Specialists as an excellent medical billing organization. They have served our dermatology practice for about a decade now. They are big enough to have good support and knowledge, small enough to maintain a very personal touch. Our monthly meetings provide an excellent quick synopsis of the state of our collections. Their monthly reports have been customized specifically to meet our needs. Special inquiries are handled adeptly. Difficult payor contracts and issues have been managed with tact and skill. They do a great job!"
Chairman/President Chicago-area Dermatology Group
“Why would I recommend Physician Billing Specialists? As a collection agency owner, we follow several billing companies. We collect LESS money after we follow Physician Billing Specialists than when we follow other billers. They’re very effective, they know their business, and they’re a pleasure to work with.”
Daniel F. Burtis
President & CEO
Merchants’ Credit Guide Co.
Frequently Asked Questions
We often receive some common questions regarding why a practice should outsource to us. Here are a few.
Why Are You Being “Pushed” to File Electronically?
Paper claims errors from typos or handwriting are horrible (no way to edit claims before reaching the insurance adjuster).
Paper claims are edited by a person, which leaves room for editing errors.
Paper claims do not leave a trail for tracking, they get lost in the mail or jammed in a fax.
If Electronic Filing Is The Way To Go… Why Don’t All Doctors Do It?
They don’t have time to train staff and keep them updated with insurance regulations.
They are reluctant to make the financial investment in specialized software and additional hardware needed.
They don’t have time to go to seminars and join affiliations that keep them up to date with the insurance changes.
Have You Considered Outsourcing To An Outside Medical Billing Center?
Outsourcing your medical billing claims can be very profitable for physicians because it eliminates all the daily expenses associated with keeping their medical billing in-house. It is their responsibility to relinquish these expenses from your practice, enabling you to receive greater profitability.
On an average, physician’s offices pay an Office Manager $1,620.00(1) per week, PLUS costs of software, envelopes, postage, forms, and MORE. Providers then put much more work on the office manager, and he/she is not able to keep up with the billing and practice management. Physicians are finding claims being unpaid, follow-up is not being done, and that results in a slow and poor cash flow.
What Are Some Of The Benefits Of Outsourcing?
Shortened insurance payment cycles of 10-14 days
Increased cash flow
Reduced outstanding accounts receivable
Decreased office paperwork
Lowered supply and postage costs
Customized reports analyzing your practice
Patient Account Management by a highly qualified professional.
Your system of Practice Management is Not Altered
No need to invest thousands into a new system.
No need to train your staff on a new and sometimes complicated system.
You save money and time.
Access your patient account information via your own computer.
Here at Physician Billing Specialists, we make sure your claims are submitted within 48 hours. If a claim is not paid within 30 days, we contact the carrier and follow-up immediately. We make sure you get paid for your time. We make sure all claims are filed electronically so insurance carriers have no excuse for not expediting payment, as well as making excuses for missing claims. Paper claims take well over 30 days for processing, and there is no electronic remittance to be sure your claims are received.
By outsourcing with Physician Billing Specialists, you get to spend more time with your patients and get paid for that time appropriately. Your staff is happier, and they can efficiently do their job, which is to make sure your patients are comfortable and happy. We rid you of the expense of costly software, training, continued education, and supplies!