Accurate and efficient medical billing services are essential for the smooth functioning of any medical practice. There are certain things you should know when hiring these services.
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Things You Should Know about Medical Billing Services
1. Things You Should Know about Medical
Billing Services
24 hours medical billing and collection services! Does it seem impossible? No, it is not
with efficient medical billing companies offering their services round the clock. This
means that you receive prompt and timely payment from insurers, without the usual delays,
claim denials, hassle and workload. Medical billing services provided by reputable firms
are proving to be a great support, offering tremendous relief and convenience to medical
practitioners.
What Medical Billing and Coding Involves
Medical coding and billing is the process of submitting claims to insurance companies and
following them up in order to receive payment. When done in-house, these processes
require competent billing and coding staff as well as the latest technology. This could cost
you a lot in investment. Medical practitioners, hospitals, individual physicians, insurance
companies, government and healthcare billing providers can benefit from medical billing
and coding services provided by an outsourcing company.
Medical billing services are available for almost all medical specialties including
pediatrics, dentistry, radiology, dermatology, nuclear medicine, chiropractic, cardiology,
family practice, general surgery, oral and maxillofacial surgery, occupational therapy, pain
management, and more. The services offered by medical billing companies include:
• Enrollment into the billing system
o Demographic information
o Insurance information
2. • Verification
o Insurance verification
o Authorization
• Coding
• Billing and Reconciling of Accounts
o Charge entry
o Cash posting
o Reconciliation
• Accounts Receivable Collections
o Insurance collection
o Patient collection
o AR follow up and collections
Speedy Claim Reimbursement and Many Other
Advantages
Medical billing firms that understand the specific requirements of their clients take care to
deliver better-quality and time-bound medical billing solutions to meet challenging medical
billing requirements. They have a dedicated billing management team to deal with each
and every phase of the billing process. Utilizing advanced technology, they provide
comprehensive medical billing and coding solutions to get your claims efficiently
processed. To get maximum reimbursement for your claims, they take care of your
accounts and capture payments by submitting and following up the claims made to
insurance companies.
Here is an overview of the advantages you have with a dependable medical billing
company taking care of your medical billing needs.
3. • Efficient processing of claims
• Eliminate claim denials
• Systematic follow-through of submitted claims
• Accelerate your cash flow
• Reduce paperwork
• Reduce operating costs
• Simplify workflow
• Save on resources
• Reduce aged receivables
• Reduce accounts receivable time
• Reduce labor cost
• Improve patient and physician satisfaction
• Reduce payroll and operational costs
• Eliminate technical support costs
An efficient medical billing firm can help boost your revenue and ensure maximum
functionality for your practice. You gain access to experts trained on privacy, security, and
confidentiality. Usually, your partnering firm would conduct weekly meetings to discuss
progress and go over reports.
The Right Provider for the Right Kind of Solutions
To sum up, medical billing services are a great option for healthcare practitioners that
wish to improve their practice performance. But what is important is to hire a reputable and
professional medical billing company having years of experience in this filed. In this
regard, you need to contact different companies offering medical billing solutions. Enquire
4. about their years of experience in the industry; look for the services the company offers;
check whether they provide a comprehensive medical billing package.
Contact Information
Headquarters:
8596 E. 101st Street, Suite H
Tulsa, OK 74133
Main: (800) 670 2809
Fax: (877) 835-5442