medical billing company

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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Medical billing services for small practices

Medical Billing Services for Small Practices

Most doctors start their practice to serve their patients better and enhance their relationships. However, it’s increasingly difficult to stay afloat with the Affordable Care Act, ICD-10 modifications, and other variables affecting medical billing compliance. Some aspects of your medical practice have a significant financial influence on the revenues. When you handle these areas in …

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Medical billing companies

14 Major Reasons to Opt For Medical Billing Companies

With the rapid expansion of healthcare businesses, the demand for experienced staff to streamline medical billing services have also increased. Technology growth has a significant impact on managing healthcare medical billing services. The reimbursement process is complicated and requires dedicated staff to clear claims and recover payments, as managing data and providing patients’ care is …

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medical billing service companies

Why BellMedEx Stand Out From Other Medical Billing Service Companies?

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 …

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Outsourcing medical billing

7 Benefits of Outsourcing Medical Billing

Outsourcing medical billing and code administration is proven to be a strategic advantage point for healthcare practitioners in today’s complex and growing healthcare economy. Its streamlined processes, superior systems, state-of-the-art technologies, economies of scale, and experienced workers with specialized knowledge and experience often result in more significant cost reductions and improved outcomes. Assume you’re a …

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outsourcing medical billing services

Outsourcing Medical Billing Services Is Crucial To Your Business. Learn Why!

Being a healthcare institute, all patients don’t pay on time. According to an estimate, around 70% to 80% of patients owe $500 on medical payments. 45% of the patients owe $1000. Some of the claims remained unnoticed, and the resubmission process starts late or never starts. The reimbursements from Medicaid or Medicare, and other insurance …

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