Frequently Asked Questions
Medical billing is the process of submitting and following up on claims with health insurance companies to receive payment for healthcare services provided. It involves translating medical procedures, diagnoses, and treatments into standardized codes and ensuring accurate and timely submission of claims.
Outsourcing medical billing offers several benefits. It allows you to focus on patient care while leaving the complex and time-consuming task of billing and claims management to experts. By outsourcing, you can reduce administrative burdens, improve accuracy and efficiency, accelerate claim processing, and optimize revenue cycle management.
We offer comprehensive medical billing services tailored to meet the specific needs of your healthcare practice. Our services include claim generation and submission, insurance verification and eligibility checks, payment posting, denial management, accounts receivable follow-up, reporting and analytics, and compliance with billing regulations.
Yes, outsourcing medical billing can be cost-effective for healthcare practices. By outsourcing, you eliminate the need to hire and train in-house billing staff, invest in billing software and infrastructure, and keep up with regulatory changes. You also reduce the risk of errors and claim denials, leading to improved cash flow and higher revenue.
We provide detailed reports and analytics to track the performance and financial health of your practice. Our reporting includes key metrics such as claim submission and acceptance rates, reimbursement rates, average days in accounts receivable, and more. These insights help you make informed decisions and optimize your revenue cycle management.