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How a Medical Billing and Coding Company Can Help Your Practice Grow

by | Jun 29, 2011 | Blog, Medical Billing

Medical billing and coding tasks are important procedures that should be done with a great deal of care and attention. Medical billing procedures are now becoming more and more complex with a number of specific government regulations to bear in mind. Hence many healthcare entities and individual practices are increasingly depending on professional companies to carry out the billing and coding procedures with precision. Professional services offered by an experienced medical billing and coding company can help you submit error-free medical bills and insurance claims within the stipulated time frame, improve the revenue and make your practice grow.

Systematic Medical Billing and Coding Services Maximize Cash Flow

Any sort of errors or inconsistencies in medical bills and insurance claims can lead to denials or rejection of claims, which would adversely affect the revenue and overall development of your medical practice. Consistent medical coding and billing strategies and solutions offered by a reliable medical billing and coding company can help you complete the billing and coding procedures punctually and submit accurate medical claims and bills within the specified time limit. Medical bills submitted in keeping with all prescribed norms reduce even the minutest chance of claim denials and would definitely help to improve the bottom line and cash flow of your practice. Systematic medical billing and coding services offered by reputable medical billing companies also ensure the following benefits:

  • Save precious time and effort needed to complete the coding and billing procedures
  • Concentrate on core competencies
  • Reduce workload and improve efficiency
  • Avoid paper work within the practice
  • Reduce compliance risks
  • Avoid capital investment required to maintain additional staff and infrastructure to perform medical coding and billing procedures in-house
  • Quality solutions in fast turnaround time
  • Customized billing procedures
  • 100% compliance to HIPAA norms
  • Standard quality assurance procedures
  • Technical support and customer care 24/7/365
  • Affordable pricing: save around 30 to 40 percent of costs

Fully aware of the billing and coding requirements of healthcare entities, many established healthcare BPO companies in the United States offer accurate medical billing and coding services. Multi-specialty hospitals, imaging centers, rehabilitation clinics, home healthcare agencies, insurance companies, individual physicians, group practitioners, long term care facilities, dental offices, acute care facilities, and nursing clinics are now benefited by these services.

Premium Quality Coding and Billing Solutions

Most medical billing companies are staffed with experienced billing and coding specialists having excellent know-how in ICD-9-CM, CPT and HCPCS codes and standards, payer-specific coding requirements, and insurance and governmental regulatory specifications. Utilizing state-of-the-art technology, equipment and advanced billing software such as Medisoft, Lytec, Medic, NextGen, Medical Manager, Misys, Inception, E-clinical, Eclipse and more they process medical bills and claims with accuracy within the specified time frame. Well-planned medical coding and billing services provided by an established medical billing and coding company include:

  • DRG/ICD-9-CM coding validations
  • Hospital/in-patient coding
  • Emergency room e-code evaluation
  • CPT medical coding
  • Patient enrollment
  • Insurance authorization
  • Insurance verification
  • Coding and audits
  • Account analysis and denial management (EOB Analysis)
  • Financial management reporting
  • Billing and reconciling of accounts
  • Appeals
  • AR follow-up and collections management

Find a Reliable Company

Briefly, medical billing services offered by reputable companies are a real support for healthcare facilities and individual practices. However, to get quality billing and coding solutions that would help you enjoy outstanding benefits, it is necessary to partner with an experienced medical billing and coding company. This would ensure you more accurate and budget-friendly solutions that would help your practice grow through completely reducing the odds of claim denials. A good BPO firm would work as an extension of your practice, completing all tasks entrusted in an efficient and timely manner.

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