Medical billing involves back-end responsibilities such as creating patient bills, submitting claims, resolving billing errors or optimizing cash flow, interacting with insurance companies, which cost time, effort, and resources, diverting attention away from patient care and concern.
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Offshore Medical Billing All You Want to Know!PDF.pdf
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Offshore Medical Billing â All You Want
to Know!
Medical billing involves back-end responsibilities such as creating patient bills,
submitting claims, resolving billing errors or optimizing cash flow, interacting with
insurance companies, which cost time, effort, and resources, diverting attention away
from patient care and concern.
Are consistent billing errors or late reimbursements plaguing your practice? Offshore
medical billing is the solution for when you are looking for efficiency in the financial
health of your business and ensuring complete focus on patient care.
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Here is all you need to know about offshore medical billing, and how it can be an
effective solution to the challenges you face in your medical billing process. Offshore
revenue cycle management includes â
ï âą Setup of Practice Management System/EMR System
ï
âą Scheduling, Eligibility Verification, and Pre-Authorization
ï
âą Patient Registration
ï
âą Medical Coding
ï
âą Customer/Patient Access Solutions
ï
âą Accounts Receivable (A/R) and Denial Management
ï
âą Credit Balance Resolution and Management
4. Offshore Medical Billing Process
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1. Patient enrolment â All insurance information is recorded into the practice
management system. Insurance validation and approval, which includes validating
coverage and out-of-pocket payments, and if necessary, acquiring pre-
authorization/pre-certification.
2. Coding â All offshore medical billing companies have AAPC-certified coders that
give the most relevant ICD, CPT, and HCPCS codes to the charge team, so that they
can file charges in accordance with payment guidelines. Before submitting a claim,
the codes and accompanying costs are meticulously reviewed for accuracy.
3. Payment Posting â Payments are posted, and missing, and/or denials are identified
so that corrective steps can be taken as soon as feasible in order to ensure full
reimbursement.
4. Accounts Receivable Management â AR analysts in an offshore medical billing
company help you keep your accounts receivables in check, follow up with health
insurers and payers, and take steps to collect payments that are past due.
5. Compliance with HIPAA
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Providers donât have to be concerned about information security when they offshore
their medical billing. The offshore medical billing companies are familiar with
all HIPAA standards and protocols, and take steps to safeguard the security of all
medical information. Computers with firewalls and anti-virus programs are installed,
along with monthly backup. The companies also take care of on-site shredding of hard
copies of patient data, and are on top of the most recent regulatory developments and
make necessary revisions to ensure compliance.
6. Operation Management
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Dealing with the full medical billing procedure can be and exhausting and time-
consuming. However, because the process is complex and challenging, it is critical to
hire and train the appropriate personnel. When you take help of an offshore team, you
gain access to a larger pool of trained individuals who can complete the assignment,
saving time and resources on training and hiring. The candidates are found following a
thorough assessment and qualifying evaluation phase, as well as an interview and
reference checks. You acquire the finished output with less effort and in a significantly
shorter time frame. We stay on top of the newest policy measures and make necessary
adjustments to ensure compliance.
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Quality Service
You can take advantage of offshore solutions with customizable
turnaround times and no quality compromise. Additional
benefits include: strict quality checks; daily, weekly, and
monthly reports; no worry regarding time differences between
offshore locations; and weekly meetings to learn about the
progress and review data.
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Patient Satisfaction
Offshore medical billing companies have been around for more than two decades and
is a tried-and-true concept that has aided the expansion of several healthcare
businesses in the United States. Due to the ideal time difference (about 9 -15 hours), a
large English-speaking talent, stable Democratic governments, and ultimately the
economic advantage that can be used, India is considered to be the best geographical
option to offshore. Info Hub, a leading offshore medical billing company, is the
appropriate partner to help you do more with your revenue cycle, whether you need
component revenue cycle operations like medical billing, medical coding, or accounts
receivable management, or you want to offshore the full chain of the process.
9. Conclusion
Info Hub, a well-established medical billing offshore company, provides services that give
you access to the latest technology and qualified staff to assure your practiceâs financial
success. Individual and group practices, hospitals, clinics, and ambulatory surgery centers
all benefit from our personalized medical billing services. From patient enrollment and
verification to collections, our medical billing company has proven experience in all
elements of revenue cycle management. We operate as an addition of your facility to assist
you increase production and optimize reimbursements while lowering your overhead
expenses by 30-40%.
10. About Us
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Though there are several common benefits offered by offshore medical
billing companies, but choosing the right medical billing partner plays a
vital role. Info Hub is one of the leading offshore medical billing companies
in Coimbatore, India, with sophisticated infrastructure and skilled
manpower that is highly experienced in multiple aspects of medical billing
and coding, to support healthcare practices grow heights and develop
consistency in generating revenue.
If you are looking to outsource your medical billing and coding services to a
reliable outsourcing partner, Info Hub is your ideal choice. With more than a
decade experience in providing excellent medical billing and coding
services, Info Hub has earned high client value by building trust with its top-
notch services. For a quick appointment, make a call to +1-888-694-8634 /
+91-0422-4212455.
