Medical Billing Services for Large Practices
Save 30-70% on Annual Payroll Costs
Trusted Medical Billing Services for Large Practices
Our Medical Billing Services are designed to help large practices efficiently manage billing processes. From payment recovery to claim issue resolution, we ensure full HIPAA compliance and a seamless revenue cycle.
Optimized RCM
Comprehensive services for claims, payments, denials, and check-ins to enhance your revenue cycle.
Increased Revenue
Our certified coders ensure precise ICD-10 and CPT codes for seamless claims submission.
Fast Claim Processing
Simplified provider enrollment to help you join top payer networks with
ease.
WHY CHOOSE US
MyMedicalBillingService’s Medical Billing Consultancy Benefits
Claim Approval
Overall Score
How Our Billing Process Works?
1. Verification
We verify patient with the payer.
2. Transcription
We transcribe doctor’s comments.
3. Coding
We code the procedure.
4. Submission
We submit the medical claim.
5. Payment
The provider gets paid.
Make an Appointment
What Our Clients Are Saying!
Our claims process has never been smoother. Their team is efficient, knowledgeable, and always available to help with any questions we have.
Partnering with MyMedicalBillingService was the best decision for our practice. They handle our billing seamlessly, letting us focus on patient care.
I trust MyMedicalBillingService completely. Their team is thorough, quick, and always proactive in managing our billing needs.
Why Choose MyMedicalBillingService.com for Large Practices?
Partnering for Success:
- Faster Payments: Streamline your cash inflow with error-free claims and prompt processing.
- Billing and Coding Accuracy: Reduce errors and ensure compliance with industry standards.
- Improved Patient Experience: Let us handle billing complexities so you can focus on patient care.
- End-to-End Denial Management: Prevent revenue loss with proactive follow-up and resolution.
- Regulatory Compliance: Stay updated with healthcare regulations like HIPAA and ICD-10.
- Cost Savings: Cut payroll costs and administrative overhead with our affordable services.
Robust Billing Infrastructure Tailored for Large Practices
Managing a large practice involves handling multiple claims daily while juggling administrative burdens. Our robust billing infrastructure offers:
- Transparency: Keep track of every step in the billing process.
- Affordability: Reduce operational costs with efficient systems.
- Flexibility: Adaptable solutions designed for large-scale needs.
8 Key Metrics to Maximize Your ROI
We focus on measurable improvements to ensure your practice’s financial success:
Days in Accounts Receivable (A/R):
We lower A/R days to 30-40 days for faster reimbursements.Net Collection Rate:
Achieving a 98% net collection rate by ensuring timely payments.First Pass Acceptance Rate:
97% clean claim rate ensures fewer rejections and faster payouts.Denial Rate:
Maintain a 1% denial rate by identifying and resolving issues quickly.
Custom Solutions for Your Practice
We know that one-size-fits-all doesn’t work for large practices. That’s why we provide tailored services:
- Billing Audits: Identify and fix errors in unpaid and aging claims.
- RCM Strengthening: Enhance overall revenue cycle efficiency.
- Transparent Processes: Submit clean claims 99% of the time and monitor daily A/R.
Simplify Revenue Cycle Management (RCM)
We streamline your billing process with a step-by-step approach:
- Insurance Verification: Confirm coverage and get prior authorizations.
- Patient Registration: Collect accurate data to avoid documentation errors.
- Claims Submission: Submit claims electronically with a high first-time pass rate.
- Coding and Documentation: Ensure accuracy with expert ICD-10, CPT, and HCPCS coders.
- Denial Management: Resolve issues promptly to minimize revenue loss.
- Payment Posting: Record payments with transparency and accuracy.
- A/R Follow-Up: Track and recover outstanding payments.
- Patient Billing: Deliver clear and accurate bills for improved satisfaction.
Advanced Technology for Large Practices
24/7 Access to Billing Technology and Tools:
Leverage cutting-edge tools for billing and RCM without the need for additional software or hardware investments.
Regular Auditing and Quality Control:
Identify discrepancies, rectify patterns, and improve processes with regular audits.
Expert Support:
Our skilled professionals handle complex coding systems, regulatory changes, and claims submission, ensuring compliance and efficiency.
Add-On Services for Complete RCM Solutions
Credentialing:
Verify physician qualifications and ensure compliance with licensing requirements.
Prior Authorizations:
Secure approvals from insurance providers to avoid unnecessary delays.
Eligibility and Benefits Verification:
Confirm patient coverage to prevent claim denials.
Comprehensive Reporting:
Monitor your revenue cycle performance with detailed reports and analytics.
Why Choose MyMedicalBillingService.com?
- Save Time and Money: Reduce administrative burdens and payroll costs.
- Maximize Revenue: Improve ROI with expert billing and denial management.
- Transparent Communication: Stay informed with regular updates and clear reporting.
- Affordable Services: Tailored solutions that fit the budget of large practices.
Get Started Today
Schedule a Free Consultation.
Let us transform your large practice’s billing process and improve your financial performance. Contact MyMedicalBillingService.com now and experience seamless revenue cycle management!
Frequently Asked Questions
1: What are the benefits of outsourcing medical billing for large practices?
Outsourcing medical billing helps large practices reduce operational costs, improve claims accuracy, and increase revenue. It also saves time by eliminating administrative burdens and allows practices to focus more on patient care.
2: How do you ensure accurate claims submission?
We employ certified coders proficient in ICD-10, CPT, and HCPCS codes to ensure error-free claims submission. Additionally, we conduct thorough audits and quality checks to maintain accuracy.
3: What is the clean claim rate you achieve?
We maintain a 99% clean claim rate, ensuring most claims are accepted on the first submission, leading to faster reimbursements.
4: How do you handle claim denials?
We proactively manage denials by identifying the root causes, rectifying errors, and resubmitting claims promptly. Our denial management process helps reduce claim rejections and improves revenue collection.
5: Can you customize billing services for our practice?
Yes, our services are tailored to meet the specific needs of each practice. We offer personalized solutions to align with your specialty, practice size, and operational requirements.
6: What is the average time it takes to process claims?
Our streamlined processes ensure claims are submitted and processed promptly. On average, claims are processed within 30-40 days.
7: Do you handle compliance with healthcare regulations?
Absolutely. Our team stays updated on the latest regulations, including HIPAA and other coding and billing standards, to ensure your practice remains compliant.
8: How does outsourcing reduce costs for large practices?
Outsourcing eliminates the need for in-house billing staff, reduces payroll expenses, and avoids costly billing errors. Our efficient systems also ensure faster reimbursements and better cash flow management.
9: What additional services do you offer for large practices?
Along with billing services, we provide prior authorizations, eligibility verification, credentialing, regular reporting, and patient billing management.
10: How do we get started with your services?
It’s easy! Schedule a free consultation to discuss your practice’s needs. We’ll provide a personalized plan to improve your billing and revenue cycle management.
11: Are your services available across all states?
Yes, our medical billing services are available nationwide in all 50 states.
12: How transparent are your processes?
We prioritize transparency with detailed reporting, clear communication, and no hidden fees. You’ll have full visibility into your revenue cycle at all times.
Choose the best package for your practice
MyMedicalBillingService.com is a trusted medical billing company managing everything from coding to claims and payment follow-ups. We specialize in resolving billing challenges for practices of all sizes and specialties, letting you focus on exceptional patient care while we handle the complexities of your revenue cycle.
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