Cost-effective Medical Billing Service

by | Last updated May 19, 2023 | Published on Nov 16, 2010 | Medical Billing

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Cost-effective medical billing service is a great boon to healthcare facilities that are looking forward to function smoothly and efficiently. The administrative problems associated with medical treatments are numerous as the treatments are very much linked with insurance companies. To reduce the complex administrative processes, professional medical billing companies provide accurate and cost-effective medical billing service to hospitals, clinics, individual physicians, free diagnostic facilities, group practices, multi-specialty hospitals, and acute care facilities.

Reliable Medical Billing to Ease Your Administrative Burden

The process of medical billing includes the preparation, submission and following up of insurance claims. Established medical billing companies provide reliable medical billing services that come with a number of outstanding benefits. A good medical billing service includes:

  • Physician billing
  • Coding
  • Patient and insurance enrollment
  • Patient collections
  • Insurance claim submission
  • Follow up with insurance companies
  • Online reporting
  • Customized billing procedures
  • Electronic billing
  • Charge entry
  • Scheduling and rescheduling
  • Cash posting and reconciliation of accounts
  • Old accounts receivable collections
  • Insurance verification and authorization

A Complete Solution for Financial Management

Medical billing companies focus on providing a complete solution for financial management with the help of experienced and technically skilled medical billing professionals.

In order to provide accurate and timely medical billing service, these companies utilize state-of-the-art billing systems, electronic medical records and electronic practice management systems. Outsourcing medical billing to a professional company brings a number of advantages, including:

  • Maximum reimbursements
  • Reduces managerial expenses
  • Improves business efficiency
  • Minimizes back office expenses
  • Ethical medical billing
  • Quick turnaround time
  • High confidentiality and safety

Several HIPAA compliant medical billing companies offer cost-effective and professional solutions for medical billing. So, choose the right one that can meet your specific requirements.

Julie Clements

Julie Clements, OSI’s Vice President of Operations, brings a diverse background in healthcare staffing and a robust six-year tenure as the Director of Sales and Marketing at a prestigious 4-star resort.

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