Thursday 19 April 2018

Medical Billing and Coding Services and Solutions



Medical Billing and Coding Services

Medical Billing and Coding Services consists of optimizing your success is to aggressively improve all areas of your medical practice financial health maximizing reimbursements, accelerating cash flow and reducing cost. Medical billing with higher number of self-pay patients and the increasing complexities of legislative mandates, your practice is at a greater risk for repeated denials, revenue shortfalls, and compliance issues. Our closed-loop process is seamlessly integrated with your billing system to ensure the highest degree of data integrity. The medical professionals are only increasing their exposure to risk without particular and dedicated expertise, focus, and an infrastructure to support the medical billing and coding services.
best medical coding services
Medical Billing and Coding Services

Medical coding and billing is intricate, complicated and highly-visible, with even the slightest coding error or backlog causing a slowdown in cash flow and increase in accounts receivable. Healthcare providers submit medical claims to the insurance carrier and manage the complete claim process. Medical billing services on revenue cycle management they obtain a comprehensive range of billing services designed to maximize revenue and opportunities for reimbursement. Medical billing and coding process is complicated as different entities administrations share the accountability of releasing payment for the patient’s treatment. The business of medical billing and coding services ensures that practice revenue is expertly managed so that our doctors can focus on patient care and practicing medicine.

Services used in Medical Billing and Coding  

·         Electronic claim processing
·         Electronic health records
·         Payment posting
·         Posting charges and payments
·         Semi-annual E/M chart review
·         Superior payer accountability management
·         Patient statement
·         Reporting
·         A/R follow-up and denial management
·         Benchmarking
·         Patient demographics
·         Scheduling
·         Monthly reporting and financial review
·         Follow-up including writing appeals
·         Physician credentialing
·         Patient registration
·         Eligibility verification
·         Patient statement generation
·         IT conversion projects
·         Revenue cycle management
·         Insurance verification
·         Coding and abstracting
·         Aggressive insurance collections
·         Provide temporary staffing assistance.

Benefits of Medical Billing and Coding  

·         Improve your cash flow
·         Reduce payer denials
·         Reduce call volume
·         Reduce record storage space
·         Increase in cash flow and improvement in claims submission
·         Reduce errors
·         Optimized revenue possible
·         Focus on patient care not billing
·         Reduce staff size and employees expenses
·         Eliminate medical billing headaches
·         Reduce staffing liabilities
·         Received detailed reports
·         Collect more money faster
·         Reduction in cost and administrative burden
·         Compliance risk is reduced
·         Eliminate provider/patient payment discussion
·         Eliminate training costs
·         No cash-flow interruptions due to staff turnover
·         Seamless integration with medical billing system.

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