Optimization is the key!
Increase accuracy and avoid audits
Healthcare providers lose a lot of money every year for a variety of reasons, including incorrect coding, inadequate documentation, errors in billing and collections, a failure to keep track of the entire medical claims process, and a failure to keep up with market developments. To secure prolong, continuous operations for healthcare professionals in order to maximise compensation, improve accuracy, and prevent audits, the medical billing process must be optimised. Adds a lot of complexity to medical billing, from improving the collections process to getting rid of reimbursement denials while also meeting HIPAA rules.
Professional Approach
Save more than 58% of overall expenses
To meet your needs, we are here. Leading provider of medical billing services, Med2Bill offers healthcare clients a wide selection of medical billing solutions. When you outsource your medical billing to us, we strive to provide top-notch revenue cycle management (RCM) services, which help providers generate revenue faster, run more efficiently, and spend less money on operations.
How We Raise The Bar in Medical Billing
Full Compliance
Strict paperwork standards for end-to-end medical billing solutions that adhere to HIPAA benchmarks.
Precise Claims Audit
Audits of denied claims are conducted in depth to determine if faults or mistakes were made when submitting the claim.
Experienced on-board
Qualified auditors constantly screen HCPCS, CPT-4, and ICD-10-CM coding in claim documents with precision.
ROBUST SOLUTIONS
Personal and Dedicated Approach
Because it’s difficult to locate enough qualified specialists to submit medical claims efficiently and on time, healthcare providers are suffering cuts to their compensation. However, we give you access to knowledgeable and experienced billing professionals, including account managers who are subject matter experts and deliver outcomes that will optimize your organization’s performance and assure uninterrupted cash flows.
Medical Billing Services on our platter
To make sure the patient is eligible for a service, we verify their eligibility with their insurance company. It is crucial to confirm eligibility and seek prior authorization because it clarifies insurance coverage and the patient’s financial obligation. As a result, providers are able to file accurate claims, decrease rejections, lower write-offs, and boost collections.
An essential step in creating an insurance claim is entering patient demographics. One of the main reasons for claim denials is inaccurate demographic information. In a similar vein, precise charge capture will lessen instances of income loss.
A critical step in the revenue cycle process is coding. The proper coding of given services is essential. This covers the proper application of CPT, HCPCS, ICD, and modifier codes. Our medical coders’ extensive experience allows us to accurately and quickly code services in accordance with standards. Thankfully, we have a skilled team of people who specialize in their task.
Following client payments and justifications, our team enters every last detail into our databases. To ensure accurate data, they perform rigorous EOB checks. This directly affects how much is paid out for claims. We update the values in the database for record-keeping after making sure that all the data is correct and error-free. We also let you know what information is in the EOB. This is done to make sure that the amount repaid and the amount recorded for ultimate settlement are the same.
We file appeals when insurance companies make incorrect payments or deny claims, making sure that your practice receives the proper reimbursement. You get assistance from our medical billing services professionals for efficient denial management. You can negotiate payment discrepancies that are challenging to address without in-depth knowledge of carrier-specific claims standards with their assistance. We identify and correct the problem in situations where you are grossly underpaid or refused payment due to noncompliance. Then, we submit an appeal to make sure you are fairly compensated.
Depending on the needs of the practice, we can generate reports on a daily, weekly, or monthly basis. You can better comprehend medical billing services with the aid of our reports. These reports include comprehensive descriptions as well as an analysis of the overall financial success of your practise. Using the appropriate filters, you can produce reports based on straightforward factors.
Customers Can Expect
97%
Accuracy
100%
Monthly Closures on Time
24 Hour
Turnaround Time
100%
Collection Rate
- Constant process monitoring from the start to the end of a medical care
- In-depth review of DX and CPT codes to ensure they are accepted
- Insert appropriate modifiers and set DX codes properly to ensure correct documentation
- Process medical billing documentation after providers establish the need for a medical treatment
- Ensure obtaining waivers/ABN duly signed by patients and entering the same in patients' medical charts
Who we help?
Home Health Providers
Durable Medical Equipment
Hospitals & Health Systems
Telemedicine Providers
Pathology Groups
Hospice Providers
Physician Groups
Medical Billing Firms
Hear What Our Customers Have To Say
Frequently Asked Questions
Though there’s no doubt that your in-house staff can do excellent work in medical billing, they often lack time and exposure to stay updated with the new healthcare landscapes. Additionally, it is also required that your resources have inadequate information and understanding of HCPCS level II codes and the entire workflow related to medical billing and reimbursement. Also, after the pandemic situation, the demand for medical equipment is growing rapidly, and finding “gem” resources seems to be like gold dust.
But, herein comes the Med2Bill that offers reliable and cost-effective medical solutions to its customers. We allow them to receive their hard-earned payments with our consistent medical billing approach. By outsourcing your medical billing services, you can focus on your customers and reduce your billing costs by more than 85 percent.
Medical includes all but is not limited to only hospitals, home centers, radiology centers, physicians, pathology centers, anesthetic specialists, and many more.
Yes, we’ll require your medical billing data. And, as far as transfer of data or information goes we offer world-class standards combining compliance with flexibility. You can scan and upload it on our server where it gets recorded. We can also retrieve/work remotely to have access to your current billing system. We believe in working as an extension of your existing operations!
We have demonstrated capabilities in recovering aging accounts as old as 90 days or more. Our team of denial management/accounts receivable experts delivers actionable support in handling delinquent accounts. We believe to improve your rate of collections by 50% to 60% within the first month itself with our engagement.
