Tag Archives: billing

Practice Management’s Specialized Billing Solutions for Medical Practices

The process of communicating with the medical provider and the medical insurance provider or company is hectic and complicated. Normally, medical billing and coding companies come to the rescue. However, having the best billing company is highly recommended. This is because for best results and efficiency, expertise, skills, extensive knowledge, and experience are required. Maximized Revenue Practice Management

Practice Management is one of the leading medical billing companies in the U.S. Recognized for its effective billing services and customized client solutions, Practice Management amassed decades of professional experience in various aspects of medical billing.

On top of that, they have a reputable clientele due to constantly progressing in technology and market demands as well as high working standards. In addition, Practice Management ensures that all their clientele have obtained huge returns in their medical claims among others. They do this with ultimate efficiency for timely results. Their medical billing services include the following:

Areas of Specialization

Practice Management’s medical billing services specialize in some of the following areas:

  • FQHC Billing Services
  • Cardiology Billing Services
  • Health Center Billing Services
  • OB/GYN Billing Services
  • Surgery Billing Services
  • Pediatric Billing Services
  • Family practice Billing Services
  • Dermatology Billing Services

Billing Consultations for FQHCs & Local Health Centers

Medical Billing ConsultingTo begin with, Practice Management emphasizes the high standards of professionalism when providing services to clients. One of their main services is medical billing consulting for FQHCs. How do they do it?

First, revenue consultant team consisting of experienced individuals will assess the RCM (Revenue Cycle Management) including other medical billing practices of the client. This is done in an attempt to acquire necessary information so as to claim their collection, follow up, and billing policies. Overall, Practice Management applies the most detailed and comprehensive billing options and solutions to their clients for timely and better results.

Cardiology Billing Services

When it comes to cardiology billing services, Practice Management is one of the leading companies in the U.S.. This is because they combine various techniques to get solutions. One of the advantages of consulting with Practice Management is the fact that clients reduce their overhead costs including payment turnaround time. Consequently, they improve their cashflow and revenue as well as their patient satisfaction.

Surgery Billing Services Billing Surgery

Nevertheless, their surgery billing service is a huge success not only because they are thorough but because they are professionals who are determined to get better results. They have a laid out procedure and policies that see to it that their representatives face no difficulties. For instance, their qualified team ensures correct utilization of modifiers, diagnosis and CPTs codes for accurate surgery billing claim returns.

Affordable Physician Billing Services

It is also worth mentioning that they are fair in their pricing system and their main intention is to provide the best physician billing services. Meaning, they are committed to satisfying their client’s needs. In other words, if their clients are getting high revenues, they are also bound for success. This is only possible since they calculate their fee through the client’s’ medical specialty, payer mix, and volume of practice.

Contact Practice Management to Learn More

Practice Management is no doubt one of the best physician billing companies in the world if not in the U.S. This has been possible through their advanced outreach to various health centers and FQHCs. They are very professional and result oriented. Moreover, they approach their services with absolute accuracy. Their services have specific procedures laid out to be completed. Once these procedures have been completed successfully and with no errors, their clients are guaranteed maximum reimbursements.

Contact Practice Management by visiting MaximizedRevenue.com to learn more.

3 Leading Companies to Outsource OB/GYN Billing Services

outsource ob/gyn billing servicesMany gynecologists find that outsourcing OB/GYN billing services allows them to better increase their revenue streams, maximize their cash-flow, and free-up time spent internally on complicated OB/GYN billing and coding work.

So when it comes to outsourcing such critical services, it’s vital to hire a reputable company that’s specialized and experienced in providing OB/GYN billing services.

1. Practice Management

Established in 1995, Practice Management has been providing health care professionals with a competitive billing service for their businesses. They have an experienced team of professionals that offer the following OB/GYN billing services:

  • Complete Medical Billing and Coding – The first thing they do is to analyze how you are currently performing in this aspect. Then, a custom-tailored OB/GYN billing plan is designed with the following goals: reducing over-head costs, increase income, increase revenues and cash-flow, increase patient satisfaction, and reduce time it takes to receive payment.
  • Credentialing – In order to keep your business ahead of the game, many types of credentialing are offered including Medicare, Medicaid, Blue Cross, and Blue Shield Credentialing along with commercial and workers compensation payers among other credentialing types.
  • Electronic Health Records – As the cornerstone to this company’s OB/GYN billing service, maintaining electronic health records for clients helps to establish an effective and well-organized OB/GYN billing system.
  • Nationwide Medical Billing Services – The team at Practice Management is expert at federal, national, state, and local codes regarding billing and coding. This allows them to offer OB/GYN billing service from anywhere in the U.S.
  • Medical Billing Consulting – The team will analyze your current revenue cycle management and other medical billing practices. Then, they will evaluate and recommend steps to follow in any of the following processes of the billing, coding, and revenue cycling management.
  • Revenue Cycle Management – Maintenance of software file, CPT review, Fee schedule analysis, Process regarding insurance preparation, etc.

Practice Management has innovative technology and systems that ensure protected data, advanced reporting, online access to both patient accounts and scheduling, etc. In short, they are one of the leading providers of OB/GYN billing solutions

2. Claim Care

Claim Care is a dedicated company that wants to make of outsourcing OB/GYN billing services a trend instead of the exception. According to them, 20% of billing goes unpaid due to improper coding and the incorrect following of billing procedures. Claim Care is experienced in business management, accounting, IT, and process engineering. It also has an exclusive team that takes care of the medical billing process. medical billing company for obgyn billing and coding

Claim Care offers a complete billing service that includes: claim submission, claim follow-ups, management system, scheduler, software for electronic medical records, dashboard reports, automated insurance verification, patient checkout tool, and instant payment program.

Claim Care services will allow you to:

  • Eliminate delay between patient encounter and payment by insurance
  • Setting up the billion solution in less than 7 days
  • Gain control of your billing operations
  • Lowering costs of medical billing

Visit the website of Claim Care to get more information about this company’s OB/GYN billing and coding services.

3. Ideal Bill

Ideal Bill is a company that specializes in billing for gynecology doctors all around the U.S. Ideal Bill has a team of experts that are adroit in billing management procedures, ICD-10 coding, etc. Certified coders make sure all paperwork is delivered as it should be. Ideal Bill works on a percentage based system which means that they make money only when the physician is making money through effective payments being received at the proper time.

Services provided include:

  • Benefit Verification – Insurance forms, informing on patients’ responsibilities, training admission staff, etc.
  • Billing and Collections – Claim processing and follow-up, personalized weekly and monthly reports, Audits to ensure there are no mistakes, etc.
  • Utilization Management – Peer-to-peer reviews, processing of appeals, verifications, eligibility, etc.
  • Improvement of Revenue Cycle Management – Charge entry and charge review, credit balance, financial reporting, electronic payments and fund transfers, etc.

Visit Ideal Bill to learn more about this company’s OB/GYN billing services.

Cardiology Billing: Best Practice Insights & Resources

Your financial strength greatly determines the health of your cardiology practice as far as billing and account reimbursement are concerned. Investing in quality cardiology billing services is among the most important things you can do regarding the business growth and financial well-being of your cardiology practice. billing team

It is very crucial that your cardiology billing company offers adequate experience to handle all the complexities that come with billing and modifiers. The intricate and complexity of cardiology medical procedures makes the practice of cardiology billing more challenging when compared to other medical billing services. This implies that professionals who do coding for cardiology facilities need to specialize in cardiovascular services, terminology as well as procedures.

Foundational Qualities of Proficient Cardiology Billing Companies

Apart from having high level of experience in coding, cardiology billers and coders should also have some basic knowledge about the general billing procedures as well as processes such as component coding and modifier application among others. The many changes that have taken place to billing and coding regulations has brought out reductions for the cardiologists.

In fact, the medical fee for these experts decreases at a rate of about 2% annually, despite the fact that the average Medicare fee keeps on increasing at about 1.1% for the other services providers within the field. Because of the many changes and the high possibility of revenue decreasing due to errors in billing and poor coding, it is very necessary that only cardiology billing professionals should offer billing and coding services.

What To Expect When Investing in Cardiology Billing Services

Most cardiology billing companies offer not only offer error free but also denial free billing as well as coding services that will make it possible for you to get maximum and timely reimbursements for the practice. Some of the things done by an expert billing team include the following:

  • Providing you with customizable monthly reports
  • They hold weekly meetings in order to discuss the progress made and read the reports tabled
  • They handle all the billing calls
  • Conducting quality assurance checks regularly
  • Conducting monthly coding updates
  • Working on daily claims processing
  • Check whether there is system biased eligibility

Common Subspecialties of Cardiology Billers

Many cardiology billers and billing companies have sub-specialties in categories of: transplant cardiology, nuclear cardiology, echo cardiology, surgical cardiology and general clinic cardiology. This can offer advantages for cardiologists with specific skill sets in certain areas of their practice.cardiology billing

Some of the benefits of working with a cardiology billing service provider:

  • Improved collections as well as income for your business
  • Allows you to access patient’s data and any financial reports 24/7
  • Transparency in the entire revenue cycle
  • Complete financial management reports
  • Faster payments and less stress from the process

Medical Billing Software for Cardiologist

Many cardiology billers leverage the most advanced and web based billing software that can effectively connect with your organization’s data. Alternatively, these experts can often still work with your existing practice/billing software because they have worked with several billing systems on the market, including: Advantx, Eclipse, Lytec, and Medisoft, among others.

What To Look For In FQHC Billing Service Providers

Unlike other health facilities and medical practices, FQHCs have to abide by certain strict rules and regulations, particularly when it comes to patient care and medical billing. This is mainly because they receive a lot of financial support from the Department of Health and Human Services. FQHC billing team

One of the essential requirements is that FQHCs should maintain proper revenue management by, for example, coming up with good patient billing strategies and putting an effective FQHC billing system in place. This is not always possible in community-based health sectors like FQHCs, as the staff involved might not have the skills required to do this.

For this reason, it is often necessary for FQHCs to hire a specialist or a medical billing company to help come up with the right patient billing strategies. There are many FQHC billing service providers, but to find the best, it is important to consider the following important factors.

1. Experience and training

Experience is an added advantage that a specialist can offer you, but you should not rule out small companies as they can also provide high-quality services. Training, on the other hand, is a must have for any specialist or company that you plan to hire. If a FQHC billing specialist is well trained, they can help you to understand the basics of FQHC billing and how to make it work for the facility.

2. Knowledge of coding

Although coding is ultimately the responsibility of the physician, a solid FQHC billing company or specialist can help you to detect errors if they have an understanding of coding. By detecting the errors, the specialist can also offer recommendations for some changes to the coding. Ask prospective FQHC billing service providers what capactiy and experience they have in the coding aspects of the process before making a solid hire.

3. Data Security

Besides from having an efficient patient billing strategy, it is also important to make sure that the data is safe. It is important to enquire on the data safety measures that the company or specialist has in place so as to determine how you can benefit from this. An FQHC medical billing service provider can offer you data backup services for your data either onsite or offsite. Some companies can help make your data more secure by providing both services.

4. Technology fqhc medical biller

In this day and age, it is might be very difficult to separate efficiency and technology, and so this is also an important quality to look for. However, just because a specialist or billing company is using very sophisticated technology it does not mean they can help you achieve what you want. Instead, you might want to consider one with the technology that can fit well with your facility’s specific needs.

5. Capacity

Capacity might also be an issue to consider when selecting a specialist. Depending on the size of the FQHC, some companies might not be able to handle the clients requirements. You should find out if the company can be able to accommodate more clients and if they can serve them efficiently. If the company or FQHC billing specialist can take on more clients efficiently then they can help you get the personalized services you deserve.

6. Policies and Procedures

FQHC billing specialists should have in place policies and procedures that can help you in case they are unavailable. Find out what their modes of operation are so that you can know if they are available anytime you need their service.

There are many other qualities that can help you determine the right FQHC billing specialist for your facilities, but the above six will give you an idea of what to look for in the right service provider.