Denial of medical claims and delayed payments from insurance companies can adversely affect the revenue cycle of a medical practice. Outsourcing medical billing tasks to professional medical billing companies would help healthcare entities streamline their medical billing workflow and claim for reimbursements within the stipulated time frame. Understanding the specific medical billing and coding requirements of different medical entities, many leading companies in the US offer fast and accurate medical billing services for healthcare providers.
Avoid Delayed Payments and Maximize Reimbursements
When making medical reimbursement claims, it is necessary to provide reliable and accurate information. Any kind of data inconsistency could lead to denial or rejection of claims. Moreover, submission of claims after the prescribed time would cause delay in receiving payments. The efficient medical billing services offered by experienced outsourcing companies allows healthcare providers complete their billing and coding procedures in line with the medical reimbursement norms prescribed by the government and insurance companies. Utilizing these consistent services enables medical professionals to submit accurate medical bills and claims within the prescribed time frame. This would help them to maximize reimbursements, and improve the revenue and cash flow of their practices. Fast and accurate medical billing solutions offered by a reliable medical billing company also ensure advantages such as:
• Reduced administrative workload of medical professionals
• Enhanced efficiency and productivity
• Prevention of costly processing errors
• Claims for reimbursements at the right time
• Avoiding payment delays
Outsourcing their billing tasks to an efficient service provider also allows healthcare providers to save on the expenses needed to maintain the infrastructure, manpower, resources and technology to perform the job in-house.
Comprehensive Solutions in Minimum Turnaround Time
To deliver accurate and quality medical billing services, most medical billing outsourcing service providing companies are staffed with skilled medical billing experts, AAPC certified coders, quality analysts and other accounting personnel. These professionals use state-of-the-art technology and advanced billing software to process medical bills and claims quickly and accurately. Their comprehensive medical billing services cover:
• Patient enrollment (demographics and charges)
• Insurance enrollment (for physicians and offices)
• Patient scheduling and reminders
• Insurance verification
• Coding and audits
• Insurance authorizations
• Billing and reconciling of accounts (Payment posting)
• Account analysis and denial management (EOB analysis)
• AR management (Insurance and patient)
• Financial management reporting
Reliable service providers offer medical billing and coding services that are HIPAA-compliant to ensure confidentiality. The benefits of partnering with them include:
• Solutions that go through stringent QA checks
• Customized billing procedures
• Weekly meetings to discuss progress and go over reports
• Rapid turnaround time
• Competitive pricing with of cost savings up to 30 -40%
• Free trial facility
• 24/7 technical assistance and customer support
Outsource to a Professional Medical Billing Company
In summary, fast and accurate medical billing services present a real benefit for healthcare providers. While there are many service providers offering these services, it is important to outsource to a professional medical billing company. This will ensure efficient, timely and affordable solutions.
Author:Bob Kruse
Source:http://www.a1articles.com
