Billing and Coding
• Full revenue cycle management
• Timely processing of claims
• Denied claims appeals & follow-up
• Patient statements
• Monthly reporting
Patient Support
• Multi-point payment options
• Statements
• Paperless billing
• Billing inquires & other support
Insurance Credentialing
•Commercial
•Private
•Medicaid
•Medicare
What are the benefits of outsourcing medical billing and coding?
If you are a medical practice looking to improve your financial management and patient care, outsourcing your medical billing and coding can be a smart decision. Here are some benefits you can expect from outsourcing:
Reduce stress: Outsourcing medical billing can significantly reduce the stress on medical practices by freeing up their time and resources. By entrusting their billing processes to an experienced billing company, medical practices can focus on what they do best - caring for their patients. This can help medical personnel avoid the administrative burden of billing and coding, which can be stressful and time-consuming. With the help of a reliable and professional billing company, medical practices can alleviate this stress and improve their overall efficiency, resulting in a more relaxed work environment and better patient care.
More time for patient care: By outsourcing your billing and coding, you can free up valuable time that would otherwise be occupied by an in-house billing team. This means more time for patient care, which can lead to a better patient experience.
Reduced workload for medical personnel: Outsourcing your billing and coding can also reduce the number of billing inquiries and calls that your medical personnel receive. All billing inquiries go directly to the billing team, so your medical staff can focus on what they do best - caring for your patients.
Access to industry experts: By partnering with a reputable billing company, you can gain access to a team of billing specialists who stay up-to-date with the latest industry trends and regulations. This ensures that you are always prepared for any unforeseen audits or changes in the industry.
Improved financial management: Outsourcing your billing and coding can also help you manage your cash flow more efficiently and keep track of your account receivables in real-time. This can help improve your collections and profitability.
Overall, outsourcing your medical billing and coding can save you time, reduce stress, and increase your revenue. So, if you want to focus on providing the best possible care to your patients, consider outsourcing your billing and coding to a reputable company like Business Management Solutions.
Medical billing and coding are unique but integrated entities that work together to ensure healthcare providers get paid for their services. A medical biller and coder is the person responsible for bridging the gap between healthcare providers and insurance companies.
What is Medical Coding?
In the healthcare industry, Medical Billing and Coding play a crucial role in ensuring that healthcare providers get paid for the services they provide. Medical Coding is the process of converting health information and patient data into universal medical codes that insurance companies can understand. There are specific codes for each medical procedure, service, and diagnosis, and they act as a universal language between healthcare facilities, insurance companies, and other organizations.What is Medical Billing?
Medical Billing involves creating an insurance claim using these codes and submitting it to the patient’s insurance company for reimbursement. Medical Billers are also responsible for following up on claims to ensure that the healthcare provider gets paid. Without Medical Billing, healthcare providers wouldn't be able to pay their providers or maintain up-to-date equipment.
