Alex Hales

Medical Billing Clearinghouse

Significance of Medical Billing Clearinghouse

A healthcare clearinghouse serves as a link between healthcare providers and insurance companies. A clearinghouse efficiently checks medical claims for errors to ensure that they are processed correctly by the billing company. Clean claims and any associated medical records are sent electronically to clearing house for further processing. Clearinghouses can also accept non-standard data and …

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medical billing firm

How A Medical Billing Firm Help To Boost Clean Claim Ratios?

The clean Claim ratio is the average number of the first submission cleared claims. An average of 95 percent or above is an excellent claim clearing ratio. If your clean claims ratio is below 85 percent, your staff is spending a lot of time identifying denial reasons, communicating with insurance companies and resubmitting claims. The …

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medical billing and coding companies

Improve Net Collections with Medical Billing and Coding Companies

Knowing your financial metrics and utilizing the data you acquire to boost practice income is key to building a successful financial future for your medical business. Effective revenue cycle management with medical billing and coding companies includes a lot of efforts to increase collections. The net collection rate of practice is fundamentally a performance statistic; It assesses …

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