Hospital Medical Billing Services for Inpatient and Outpatient Care
Hospital Billing Services provides a comprehensive suite of billing services for hospitals to improve their revenue cycle management. By accurately filing and coding claims, resolving denials, ensuring HIPAA compliance, and following up on unpaid claims, we enable hospitals to devote more time to quality patient care rather than administrative burdens.
We Know the Challenges Hospitals Face
BellMedEx Hospital Medical Billing Services Company understands the difficulties hospitals encounter in billing and Revenue Cycle Management (RCM) that can negatively impact their financial health. Our expertise and EHR system allow us to tackle these problems head-on.
✘ Complex Billing Regulations
✘ Poor RCM Operations
✘ Lack of Coding Expertise
✘ No Real-Time Reporting
BellMedEx's Billing Services Are The No.1 Solution for Hospitals
Are you frustrated with denied claims, slow reimbursements, and managing complex billing tasks? Try BellMedEx’s Comprehensive Suite of Hospital Billing Services.
Claim Processing
We do proper utilization of the UB-04 claim form for hospital billing, capturing all relevant details about the patient's stay, procedures, medications, and more. This ensures complete and accurate claim submission the first time.
Coding & Compliance
Our team leverages the latest hospital billing software to apply correct CPT and HCPCS codes, remaining compliant with coding guidelines and HIPAA regulations. Also, our patent claim scrubbing and submission optimization process ensures proactive management of denied claims.
Patient Billing Support
BellMedEx enhances patient satisfaction by providing clear billing communication and real-time access to account status through patient portals. This hospital medical billing service offers robust analytics and reporting as well, giving hospitals insight into revenue cycle performance.
Hospital Billing and Collection Services: Your RCM Partner for Revenue Growth
Are you frustrated with denied claims, slow reimbursements, and managing complex billing tasks? Try BellMedEx’s Comprehensive Suite of Hospital Billing Services.
A Partner for Every Specialty
Our expertise spans 75+ specialties, ensuring we have the tailored solution to boost your billing efficiency regardless of your field. From cardiology to pediatrics, orthopedics to dermatology, our specialized services and experts ensure your billing process is optimized for maximum reimbursement.
Up to 30% Revenue Increase
Imagine what you could do with up to 30% more revenue. Hospital billing and collection services have helped many clients achieve amazing revenue gains by uncovering hidden revenue opportunities, improving financial performance, and reducing operational costs.
A Clean Claim Rate You Can Count On
A staggering 99% clean claim rate—that's the BellMedEx promise. Our focus on detail and relentless pursuit of perfection means your claims are done right the first time, every time. This accelerates your reimbursement cycle and significantly lowers the chance of costly denials and rejections.
BellMedEx's Ultimate Benefits for Hospitals
Outsourcing BellMedEx services can be beneficial for hospitals in managing complex billing operations, reducing time, and increasing efficiency and cash flow.
Here’s how BellMedEx can help:
- Timely billing of accounts
- Real-time reports
- Error-free billing
- Increased AR collection
- Increased reimbursements
- 24/7 support
- Scalable services at any time
- Enhanced Compliance
Improve Your Hospital's Revenue
✮ Prices start as low as 2.49% of your monthly collections!
BellMedEx offers hospital billing services at a rate as low as 2.49%. This affordable price bracket gives hospitals a better opportunity to increase their overall revenue significantly.
Keep a Track of Your Hospital's Important KPI Metrics
AR days
AR days refer to the time it takes to receive payment on a claim. According to hospital benchmarks, AR days can range between 30 and 70. The total credit sales are calculated and multiplied by the days you want to calculate (usually a year).
Denial rate
A denial rate measures the percentage of claims that insurance payers deny. It is calculated by dividing the total number of denied claims by the total number of claims submitted during a specific period, usually a month or a quarter.
Net collection rate
A net collection is a legitimate service reimbursement, typically the amount owed after all-payer contract adjustments. It is calculated by dividing the total payments by the charges after approved write-offs and multiplying by 100.
Clean claim rate
A clean claim is submitted accurately the first time without missing or incorrect information. It is calculated by dividing the number of clean claims by the total number of claims submitted during a specific period, usually a month or a quarter.
Manage Hospital Billing with Efficient Billing Software
BellMedEx offers an automated hospital billing software, MediFusion, that enables you to ensure patient data accuracy, timely claims submission, and claim scrubbing to minimize denied claims.
- Accurate patient data entry
- Timely claim submission and scrubbing
- Minimize coding errors
- Enhance billing efficiency
- Reduced claim denials
- Swift payment collection
Increased Revenue
Improve a hospital's bottom line by maximizing reimbursements and reducing claim denials.
Improved Efficiency
Free staff time to focus on patient care and enhance workflow efficiency.
Reduced Costs
Get services at competitive rates, potentially lowering a hospital's overall billing costs.
Reduced Administrative Costs
Save money by minimizing errors and cutting unnecessary overhead.
Real-Time Reporting
Access to real-time reports to track their revenue cycle performance.
Get A Free Billing Demo For Your Hospital
Avoid Hospital RCM issues, manage denials proactively, and turn your delayed bills into payments with BellMedEx Hospital Billing Service.
