Know About Medical Billing Companies And The Services Offered

By Author: Outsource Strategies International
Total Articles: 108
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Medical billing is a tedious, often arduous process which is significant at the same time, impacting the functioning of your medical office. The process demands great care and attention on the part of the medical biller. Furthermore, the billing norms change continuously and it is rather challenging to keep up with the constantly changing rules and regulations associated with medical billing. Medical billing companies with the right professionals, technology and infrastructure can provide excellent support for healthcare practices.



Outsource Medical Billing to a Reliable Firm



A professional and reliable medical billing company can make your task easier by providing timely medical billing services, thus leaving you free to concentrate on the health and well-being of your patients without any interruption. With excellent proficiency in billing methodology, billing experts handle each and every phase of the entire billing cycle with exceptional efficiency and ensure that you benefit from maximum reimbursement for all submitted claims.



Comprehensive ...
... Billing Solutions to Meet Your Medical Billing Requirements



Most medical billing outsourcing companies providing client-focused billing solutions in minimum turnaround time are equipped with state-of-the-art technology, modern devices, and advanced billing software such as AdvantX, NextGen, Lytec, Medisoft, Advanced MD, Inception, and eClinicalWorks. They are staffed with skilled medical billing experts, AAPC certified coders and quality controllers. These professionals are knowledgeable about the latest changes in billing, coding and claim processing regulations and offer medical billing services based on your requirements.



Professional medical billing solutions provided by reliable medical billing companies include:

Patient enrollment into the billing system: It is necessary to submit complete information about the patients before claiming for reimbursement. Patient details are enrolled from a hospital registration system with basic information such as demographic information and insurance information.
Verification

Insurance verification: Verification of the patient's eligibility and insurance benefits is an important part of the medical billing process. Professional billing companies would verify patients' active medical coverage with the insurance company, type of plan, plan exclusions, claims mailing address, policy status, patient responsibilities comprising co-pays, co-insurances and deductibles, effective date and much more.
Authorization: A reliable medical billing outsourcing firm performs this task efficiently. It will contact the insurance company to get the assurance that the insurer would pay promptly for the services being sought. Thus it avoids last minute cancellation of claims.

Coding: Only reliable firms can manage medical coding audits, CPT coding, DRG/ICD-9-CM coding validations and other coding procedures with excellent accuracy.
Billing and reconciling of accounts: The major areas covered are: Charge entry, cash posting and reconciliation
Accounts receivable collections: Medical billing firms offer AR collection solutions to help physicians do away with credit and collection issues. They ensure professional solutions for insurance collection, patient collection and AR follow up and collections
Audit: Most medical billing companies carry out medical audits to evaluate the accuracy of keying and ensure that the billing rules are followed properly.

About The Author



Outsource Strategies International, one of the chief healthcare business process outsourcing companies in the Tulsa, Oklahoma.OSI offers medical billing and coding for clients to ensure timely reimbursement, ultimately affecting their bottom line and cash flow.

Outsource Strategies International (OSI) provides medical billing & coding, dental billing & coding, insurance & eligibility verifications to medical and dental practices.