Need Medical Billing?
Start Now!
FREE Customized Price Quotes
FREE Access to a Purchasing Advisor
Medical billing services
Doctor’s offices and health care facilities use medical billing services to save money and time while reducing the burden on other members of your staff. A reputable service brings vast industry expertise and knowledge to your business to procure payments from insurance companies without the need for a full-time medical billing specialist.
Once you have decided you need the services, Submit a FREE Quote Request Here.
Then you can choose to speak with one of our Purchasing Advisors who can walk you through the process and handle any issues or questions that arise. Our Advisors provide these services and more:
- Verify your information and give an overview of the purchasing process
- Provide purchasing tips and send buyer's guides
- Provide supplier profiles and ratings
- Mediate issues with suppliers
Save money & time with medical billing services
Collecting money from primary and secondary insurance sources requires a significant time investment. You must prepare the claims, submit them to the appropriate parties, and if necessary, follow up if it gets rejected on the first pass. With a medical billing service, you get seasoned professionals that do all the work for you. And the busier your practice is, the more valuable the service will be to you.
Economies of scale make medical billing a service that’s valuable to busy practices of all sizes. Different professionals handle specific areas of the medical industry so you get the best experts depending on your billing needs.
Medical billing services provide more than simple data entry and claim submissions. Industry professionals must have a deep understanding of the medical world as well as any local and federal regulations. They must also have a background in proper collections so they can get your money quickly and legally.
In addition to their regular billing responsibilities, a billing service will handle inquiries from your patients, send out invoices, and develop payment schedules for large amounts due. They will even help you retrieve funds from past due accounts by working closely with a collection agency.
When searching for the right medical billing service (don’t forget to submit your free request for quotes to get matched to several vendors), make sure to keep a close eye on the success rate. If you are paying for a full-service billing company, it should be one that has a proven track record of retrieving the funds that clients are owed.
How medical billing services work
- The physician meets with the patient, gives the diagnosis and treatment options, and documents it all for the insurance company.
- The physician then sends the information to the billing service by mail or electronically using code numbers for specific conditions.
- A medical billing service invoices the insurance company on your behalf and then collects a fee. They can either use a clearinghouse as the intermediary, or send it straight to the insurance company.
- The insurance company receives the claim and researches its validity. If it’s filed properly with accurate information, the claim is paid. Otherwise, it’s returned to the billing company with a reason why. The billing company can then resubmit the claim with the necessary revisions.
What can a medical billing service do for you?
A reputable and experienced medical billing provider can help your business by taking the burden of day-to-day claims processing away from you so you can concentrate on running your practice.
The top benefit a medical billing service brings to your practice is complete lifecycle management. With an array of services available, you can either take advantage of the full spectrum, or pick and choose the services you need.
There are four main components to medical billing lifecycle management:
- Manage billing: This involves taking care of various aspects of the medical billing process including managing the claims with insurance companies, medical plans, workers compensation, and other solutions.
- Work with insurance company: Insurance companies can take a while before they pay out even the most straightforward of claims. While you may not have the time to stay on top of them, medical billing companies make sure it’s processed quickly and accurately. They also go after denied and past due claims and work out an appropriate solution before resubmitting them.
- Report results: To give you a complete account of the work they are doing for you, medical billing companies will detail the results of their collection efforts and help design intuitive reports so you can see how they are performing. They can also analyze data that will help you improve the efficiency of your business.
- Provide customer service: As with most businesses, customer service is a critical part of a good medical billing service. It should be a standard part of their service offerings, regardless of how much lifecycle management your company requires. If you have a problem with the work they are doing, you should be able to talk to someone to work out a solution. They should also provide performance guarantees for their services so you know you’re getting exactly what you paid for.