Outsourced collection services
Government, Commercial and Private Billing
Our billing services are for any payer and any specialty. Our billing services are tailored to meet the specific needs of any client, whether their needs are government, commercial, or private. These services can include:
- Medical coding
- Claims filing
- Auditing claims
- Follow-up with insurance providers
- Reduced time in A/R/
- Increased 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 Collections Management Services
Chasing down collections from insurance companies can take up time that you just don’t have. Medical practices are already busy enough seeing patients without having to waste time dealing with recalcitrant insurance agents. Letting us handle the collections process will free up your time to take on more patients, which can, in turn, ultimately increase your collections. Our professional billers have the time to dedicate to pursuing claims that you might not and can help to not only improve the speed but also the amount of your collections.
Filing Claims with Insurance Companies
A common mistake that practices make when handling their own medical billing is failing to file claims on time. While it’s understandable that medical practitioners are busy, insurance companies may deny claims that aren’t filed before their deadlines. We file claims on a daily basis. This means that we’ll file right away as soon as a claim is ready to be processed, eliminating the risk of a denial due to lateness.
Daily Audit of Current Claims
Our work isn’t done once we’ve filed a claim with an insurance provider. Another service that we perform daily is an audit of outstanding claims. This audit lets us know if collections have been received as they should and whether or not we need to follow up with an insurance company on your behalf.
Following up with Insurance Providers
Once we’ve completed our daily audit of all current insurance claims, we handle the process of following up with each insurance company as needed to ensure collections are received in a timely manner. This way, you don’t have to waste your valuable time chasing down insurance companies for collections. We’ll contact them on your behalf and ensure that they pay out what you’re owed.
Claim Denials Management
There are many reasons why a claim might be denied. Incorrect coding is one; late filing is another. Having your medical billing processed by professional billers helps to eliminate these types of mistakes. If claims are still denied, then we can learn from the reason for the denial and resubmit your claim as needed.
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 Government, Commercial, and Private Medical Billing
There are many benefits to outsourcing your medical billing to a professional, whether your practice is government-based, commercial, or private. You’ll have the expertise of billers who process claims and collections every day for a living. Plus, you’ll free up your own time so that you can see more patients.
Receive Medical Billing Collections Faster
A major benefit of outsourcing your billing processes is that no matter what kind of medical practice you have or work for, you’ll receive collections faster. Professional billers can reduce the amount of time spent in accounts receivable by up to 19 days.
Have Fewer Claims Denied
With professional billers handling your claims and collections for you, the risk of having a claim denied is much lower. We eliminate many of the common reasons for denials, such as errors in coding or filing claims past the insurance company’s deadline.
Increase Your Practice’s Collections
Many practices don’t earn as much as they should in collections. This is because they may not have the knowledge or training to code as accurately or specifically as possible. Our professional billers have the expertise and experience needed to maximize the collections of any type of practice: government, commercial, or private.
Testimonials