Outsourced Medical Billing Services
Daily Claim Entries
Eliminate timely file denials and increase your cash flow. Daily claim entries involves:
- Coding
- Medical billing
- Prompt claims filing
- Claim auditing
- Insurance follow-up
- Increased collections
- Speedier collections
Start seeing more profitability in as little as 5 days
One phone call is all it takes to identify whether our services are right for your practice. We can start serving you in as little as one week.
Our Daily Claims Services
A common mistake that medical professionals make when they keep their billing in-house is filing claims late. Insurance companies may deny a claim if it’s not filed within a certain period of time, often only around two weeks. An advantage of outsourcing your medical billing is that claims are always processed right away. We file claims daily so that every claim is processed as soon as possible. That way, you won’t have to worry about losing out on collections because of a missed deadline with the insurance provider.
Prompt Claims Filing
Because we file medical claims with insurance companies every day, we eliminate the risk of missing a deadline. It’s easy for a doctor or your practice’s staff to have to put off filing a claim due to other duties or because of patient needs. By outsourcing, you guarantee that a dedicated professional biller will be able to process every claim as soon as it is ready.
Daily Claims Audit
Our daily claims processing services go hand-in-hand with our daily claims auditing. Not only do we file claims every day, we also audit existing claims. This way, we know the status of each and every claim on a daily basis so that we can follow up with insurance companies when necessary in order to chase down any outstanding collections.
Managing Claims Denials
Part of our daily claims management services also includes managing claims denials. By processing patient billing quickly and on time, we reduce the risk of insurance companies denying claims in the first place. However, if a claim is denied, we’ll look into why that occurred and refile as needed. The more we know about why claims were denied, the better we can avoid those denials in the future.
Following up with Insurance Companies
While claim entries is one of our daily tasks, it’s only one part of a greater process that’s done every day. This daily process of filing new claims and auditing existing ones lets us know right away when it’s time to follow up with an insurance company that hasn’t yet paid out the collections owed.
Get a more profitable practice
Increase collections by 15%
Inhouse Medical Billing
$1,200,000 revenue
– $45,000 biller salary
– $40,000 secondary biller salary
– $23,750 Benefits and Overhead @ 25% of salary
– $3,000 Cost of software and hardware for billers
– $1,200 Cost of Postage
$1,087,000 in net collections
Average billing expense of 10.25% of collected revenue
Outsourced Medical Billing
$1,400,000 17% increase in top line collected revenue
– $77,000 5.5% of collected revenue
$1,323,000 in net collections
Average billing expense of 5.5% of collected revenue plus the added collective revenue from outsourcing
Benefits of Daily Claim Entries
While outsourcing your medical billing does improve accuracy and frees up your time for taking on more patients, there are other benefits as well.
Faster Collections
When you outsource your collections process, claims are completed much faster than they would be in-house. This is because our team of dedicated billers can focus on claims and filing them as quickly as possible. With Quest National Services, your collections could spend up to 19 fewer days in insurance company A/R. This is not only because of prompt filing but also due to consistent follow-up.
Increased Collections
Late claims filing can result in the insurance company denying the claim. With our daily claim entries, all claims are filed in a timely manner and therefore the risk of a denial due to a missed deadline is eliminated. This can increase your collections overall as more claims are approved and paid out.
Reduced Risk of Claims Denials
There are a number of reasons why an insurance company might deny a claim. One common problem is lateness. There is typically a deadline associated with any claim and if you don’t file on time, the claim will be denied. We avoid this particular cause of claim denial with a daily claims filing process that ensures that all claims are processed quickly and accurately.
Testimonials