Best Medical Billing Services Company….
Medical Billing Services
If you own a healthcare center, you might know how hard it is to submit an insurance claim and get the payment. The majority of healthcare providers focus on medical billing rather than growing their businesses. Some healthcare providers hire professionals, build a department, and then invest a significant amount of money in order to streamline medical billing claims.
Our Medical Billing Services
Accurate Billing
According to the JAMA, the majority of healthcare centers face financial losses of 20% to 30% because of claim denials. These claim denials are caused by incorrect billing which affects the credibility of a healthcare center and as a result the insurance company does not release funds.
Faster Revenue Cycle
If the billing process is slow, the chances of denials increase. Basically, the bills must be submitted in a specific-time frame; otherwise, the insurance company will deny the claim. For this, you need to partner with a renowned billing services provider like us to process the revenue cycle faster.
Cost Saving
Medical billing services are cost-saving compared to billing on your own. Without experts, you cannot generate a 100% accurate report and adhere to HIPAA regulations. Additionally, building a department for the billing will cost you double on the other hand, you can get services from a highly qualified company like us.
Patient Satisfaction
According to HFMA, accuracy and transparency in the medical billing process increase patient satisfaction. The statistics claim that 72% of patients prefer healthcare providers with efficient billing processes.
Compliance with Regulations
Non-compliance with HIPAA and other regulations can lead to penalties and financial losses. Our billing services ensure adherence to industry standards, protecting practice and patient data.
Focus on Core Medical Services
Managing billing in-house diverts attention from patient care. By outsourcing to us, you can enhance healthcare quality while ensuring a seamless revenue cycle.
Claims Processed
Billing Experts
Revenue Recovered
Claim Approval Rate
Why Are Medical Billing Services Significant For Your Business?
Medical billing services ensure accurate claims, reduce denials, improve cash flow, and streamline revenue management.
1. Medical Coding
Our Process of Coding
Step 1: Our coders start with revealing the documentation in order to check the medical record, including the lab test, diagnosis as well as the prescribed treatment.
Step 2: We use code language to translate all the information including diagnosis, lab tests, and the proposed treatment in universal codes.
Step 3: Our team of verification checks whether the codes used in the report are 100% accurate or not.
Our Process of Charge Entry and Billing
Step 1: Our billing department checks the coded report and ensures that all the codes are accurate.
Step 2: The charge entry professional checks all the mentioned information is 100% accurate.
Step 3: He enters the information into the electronic devices and then generates the paper claims.
2. Charge Entry & Billing
03. Claim & AR Management
Our Process of Claim Submission and AR Management
Step 1: The billing department checks the documents of the patient and then contacts the insurance company to verify the plan details.
Step 2: We check the errors and then submit the claims if the report is 100% accurate.
Step 3: AR experts track the process of post-claim submission which takes time, provide the additional details of the patient, and communicate with the insurance companies.
Step 4: Follow up on the unpaid claims by tracking the applications after removing code errors which caused denials.
Step 5: In case the claim is rejected or denied our AR experts appeal against rejection with robust documentation.
Credentialing and Payer Enrollment
Step 1: We start with reviewing the initial application, including checking the details of a healthcare provider, such as personal details, education, training, work, and history.
Step 2: When it comes to the payer enrollment, we check all the details, including the personal history to qualifications of the healthcare provider in order to ensure that he meets the criteria of working with an insurance company.
Step 3: Submit the documents which include online forms and papers.
Step 4: Once it approaches, the provider is added to the payer’s network.
04. Patient Billing and Support
Why Choose Us For Medical Billing Services?
Industries We Serve
Final Thoughts
Medical billing is not as simple as it is simple because there are several complexities, including coding, claiming before the deadline, and identifying the coding errors. Instead of handling these tasks on your own, you can save thousands of bucks by partnering with us. We will take your revenue to the heights of the sky and ensure that you will not face any kind of denial after connecting with us. Contact us and know more about us and be the next best healthcare center in the region.