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 …
How A Medical Billing Firm Help To Boost Clean Claim Ratios? Read More »
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 …
Improve Net Collections with Medical Billing and Coding Companies Read More »
The relationship with your medical billing company needs to be a true partnership, as you are trusting medical billing service companies to increase your cash flow, revenues, and patient satisfaction to an extent. The practice depends on the medical billing company’s expertise, workflows, and professionalism to become profitable. If the medical billing service companies show negligence in …
Why BellMedEx Stand Out From Other Medical Billing Service Companies? Read More »
Getting payment from the services you provide is mandatory to run a medical practice, whether through insurance claims or out-of-pocket payments from patients. Over time, this process can be tedious and annoying, especially if payments are delayed. It is crucial to have a best medical billing company that can make the reimbursement process go …
Most Effective Strategy for Better Patient Collections Read More »
