With an average growth rate of 2.4% each year, emergency medicine is one specialty that isn’t going anywhere. Approximately 150 million people visited the emergency room in the United States in 2016 alone. The primary demographic of emergency medicine visitors is consistent with many other specialties — the aging population. With longer lifespans and better healthcare, the 75+ demographic is the fastest growing in the country and is only expected to expand in coming years.
A major source of competition to monitor in coming years is urgent care clinics, which are pushing emergency departments to provide better, faster, and more transparent care to their patients. This has been to the benefit of patients, who are often seeing significantly shorter wait times and friendlier environments at their local emergency department.
With greater competition from urgent care clinics, managing your revenue cycle as an emergency medical facility has never been more important. However, more patients and shorter wait times leave you and your staff with less time to deal with in-house emergency medicine billing. You might find yourself spending more time studying emergency medicine billing codes than seeing patients — and even then, you might be leaving money on the table when you use the wrong codes.
Give yourself more time to do what you do best. Find an emergency medicine billing service who knows the ins and outs of your billing and coding. Clinic Service has a ton of experience working with emergency medicine departments, so we know how to maximize your revenue and free up your time to focus on your patients.
Contact us today to learn about how we can help you manage your cash flow.