As any medical practice will acknowledge, the most powerful tool any practice has in accelerating cash flow, reducing overall expense and increasing profits is a good patient billing system.
Solid medical billing focuses on three core back-office processes. These are medical billing and coding, account receivables management, and patient accounting. A good system should also encompass the entire collections and claims processing cycle and be scalable. However, this is all easier said then done.
In this regard, here are the top five medical billing companies that offer outsourcing solutions and consulting programs for many health centers and medical practices alike.
Practice Management does combine does combine state of art technology with very aggressive revenue cycle management which does result in improved revenues. For decades, the company has been providing physicians with solutions to help their practices not only effectively but efficiently so as to improve the bottom line of the practice.
The company does offer a wide variety of medical billing services such as FQHC billing services, cardiology, health center, surgery, pediatric, and OB/GYN billing services. It is worth mentioning that through Practice Management’s FQHC billing services are quite popular with many clients. Apart from ensuring high revenues, increasing your cash flow, enhancing the speed of payments and improved patient satisfaction, the company does also provide consultation services to its clients. For more information, visit their site www.maximizedrevenue.com
5 Star Billing Services, Inc.
5 Star Billing Services exist to help medical providers and clinics significantly improve their financial performance by providing them with insights and tools to achieve their business objectives. It offers a comprehensive revenue cycle management solution so as to help the practice improve its financial health and allow the business to focus on clinical care.
The billing systems of 5 Star Billing Services provides efficient accurate and complete data exchange, electronic and paper claims processing, aggressive AR follow up, payment postings, insurance collections and EOB analysis.
Other billing services provided by 5 Star Billing Services include full or partial billing services, account receivable audits and collections and detailed monthly reports. The company does offer a wide range of billing services such as cardiology, chiropractic, dermatology, family practice as well as internal medical billing services. Visit their site www.drbillingservice.com for more information
AdvanceMD not only provides the practice with a team of experienced professionals dedicated to keeping the organization financially fit. Further to this, the company does also provide the practice with very powerful EHR software tools which make it easy to streamline checkouts and check-ins, optimize schedules as well as managing patient care.
The billing systems of AdvanceMD can process secondaries, post payments, work unpaid claims, request backups as well as submission of claims. Visit their site www.advancedmd.com for more information on the same.
Kareo thrives on helping small practices succeed in today’s very challenging market. It does this by significantly simplifying operations and making it much easier to connect with patients; the billing systems provide services and software which make it easy to run a practice. With the medical billing system from Kareo, your practice can easily check on patients anytime because the system provides real time data, it does take care of all the complex billing issues, ensuring that you get paid much faster.
Kareo also prides itself in having an expert support team which comes in handy when you are implementing the system. Some of the billing services on offer include but are not limited to Kareo EHR, Kareo Doctorbase, Kareo Practice and Kareo Medical Billing. Their site www.kareo.com offers more information on these services.
CureMD’s solutions are specialty specific and also offer enough customization for any practice to personalize the system according to its workflow and size. They provide several support options such as telephone, ticket and chat to cater for all their clients.
The medical billing services behind CureMD handle patient statements, provide financial reports, and have a key performance dashboard with real time figures on the respective A/R periods, common rejection reasons and revenue collection. Visit their site www.curemd.com for more information on their service offering.