Medical Billing Services – Shorter Accounts Receivable Cycles

by | Last updated Jun 13, 2023 | Published on Jun 18, 2011 | Medical Billing

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Medical billing services are in high demand in medical offices, clinics, hospitals and health insurance companies to maintain financial accounts and for collecting the money due for services rendered. The billing needs of these healthcare providers are met by leading medical billing firms, that help you enjoy streamlined medical claim preparation, shorter accounts receivable cycles, cleaner medical claims, and quicker settlements.

Offers 100% HIPAA Compliant Medical Billing Service

With HIPAA compliant medical billing service, the billing process becomes simple and effortless. Medical billing services include:

  • Insurance eligibility verification
  • Charge entry
  • Reconciliation
  • Payment posting
  • Patient demographic entry
  • Coding review audits
  • Provider data updates
  • Accounts receivable payer follow-up
  • Overflow billing support
  • Pre-registration/registration
  • Accounts receivables management
  • Denial management and posting
  • EOB follow-up and denial analysis
  • Management reporting

Highly Trained Professionals, Leading Technology with State-of-the-art Hardware and Software

Analyzing Explanations of Benefits (EOB’s) and claims, experienced billing professionals in these firms take the necessary steps to recover the amount due within quick turnaround time. Moreover, they ensure shorter accounts receivable cycles, increase the probability of payment and improve collection ratio. Apart from billing specialists, there are proofreaders and quality analysts to perform multiple layers of quality control and compliance check in various billing processes such as coding and charge entries.

Utilizing advanced technology and software tools, these firms help you to significantly reduce payroll costs; assure processing accuracy; accelerate revenue cycle; enhance patient and physician satisfaction; focus on low-value; generate cleaner, faster claims and attain better yields at lower cost through efficient payer follow-up and denial/rejection processes.

Outsourcing Offers the Best Results

If you want to streamline your billing process and simplify your workflow, it is safe to outsource your medical billing projects as it delivers many measurable benefits – reduces administrative costs and enhance timeliness, gives you more time to focus on your core medical activities and increase the accuracy of your billing process.

Rajeev Rajagopal

Rajeev Rajagopal, the President of OSI, has a wealth of experience as a healthcare business consultant in the United States. He has a keen understanding of current medical billing and coding standards.

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