Healthcare facilities may face financial crisis due to under pricing, under coding, or missed charges. To solve this problem, outsource your medical billing claims to a medical billing company. With the help of electronic medical records (EMR) and electronic practice management (EPM) systems, medical billing experts provide HIPAA compliant medical billing solutions as per client’s requirements.
Outsourcing medical billing can deliver you a wide range of benefits – streamlines the medical billing process; maximizes profits, reduces administrative cost for hospitals, pharmacies, and other healthcare providers; increases your office efficiency and gives you more time to focus on your core medical activities.
Today, there are many experienced medical billing experts to handle your medical billing issues on time. They can work on either your medical billing software or use their own. Medical billing solutions include:
- Medical coding
- Medical paper and insurance electronic billing
- Medical insurance collection
- Charge entry
- Cash posting and reconciliation
- Management of old AR collections
- Consultation
- Recording patients’ notes
- Providing daily, weekly and monthly reports
- Insurance verification and authorization
Medical billing solutions can be customized to meet the requirements of any type of medical facility including individual physicians, physician groups, dental practices, multi specialty groups, clinics, home healthcare agencies, DME companies, pharmacy companies, long term care facilities, acute care facilities, hospitals and more.
Outsourcing medical billing services will provide you with the following benefits:
- Efficient processing of claims
- Eliminate all the hassles of medical billing and coding
- Adherence to HIPAA guidelines
- Higher privacy, excellent data security and confidentiality of patient data
- Accuracy ensured by trained as well as skilled workforce
- Save your overhead expenses such as salaries, benefits, payroll taxes, and more
- Save resources
- Reduce downtime
- No need to worry about the follow-up for the submitted claims
- Regular QA checking with readily available reports for the client
- Increase your reimbursements and maximize your profit
- Tailor-made medical billing solutions