What Services Do Medical Billing Companies Provide?

If you’re looking to outsource some or all of your medical billing to professional medical billing service companies, you may be wondering what tasks they’ll take over and what you’ll still have to do in-house. PayrHealth is a medical billing provider that offers some of the best medical billing services to keep your practice running smoothly and efficiently.

With PayrHealth’s revenue cycle management solution, you won’t have to worry about a thing when it comes to claim submissions, patient follow-up, or communication with insurance companies. Here’s a comprehensive list of the services we provide as a medical billing company:

Bills and Claims Submission

Our core service automates the billing and claim submission process by integrating with your electronic medical records (EMR) system, pulling each visit’s details, relevant patient information, and other data directly into a standardized claim form. Then we run a series of claims scrubbing tools over each claim that needs to be sent to a payor to ensure the information is complete and the appropriate codes are utilized to ensure maximum reimbursement.

In addition, when claims are denied, our team handles all the necessary follow-up, resubmitting medical claims, and escalating issues to ensure your practice always gets the revenue you count on when providing care.

Verification of Benefits

It’s infuriating to discover that a service you rendered to a patient isn’t covered under their specific benefits, leading to denied claims and amounts in accounts receivable remaining far longer than they should. With our medical billing services, we help your team ask the right questions to determine whether a patient’s insurance plan will cover certain services before you render them.

Credentialing

If a new physician or treatment renderer joins your team, or you want to contract with a new payor, we handle all the necessary credentialing. This includes commercial payors as well as government payors, including Medicare, Medicaid, and VA insurance. We keep your active staff and healthcare providers updated to ensure you don’t miss out on reimbursement due to not having credentials with a given payor.

Utilization Review

In addition to verifying patient benefits, we also obtain authorization from payors to perform certain services when you’re able to but are not currently contracted for certain codes. We understand that the insurance landscape is confusing and constantly changing, which is why we advocate on your behalf to meet the requirements of insurers to guarantee maximum reimbursement in a timely manner.

Patient Payment Collection

Another time-consuming task your staff handles on a daily basis is communicating with past patients who still owe for the medical services you render. We reach out by phone, e-mail, and mail to secure these payments with a speedy billing process, freeing your team up to handle other important tasks.

Accounts Receivable Management

With revenue cycle management, PayrHealth constantly monitors your medical practice’s accounts receivable to see which outstanding payments you’re yet to receive, then pursues the payor or patient who owes the balance. We also offer payment posting in a timely manner and record both paper and electronic health records that are available to you.

Transparent Reporting

Any medical billing company should ensure you have access to the most up-to-date financial information regarding the services we provide, which PayrHealth provides in addition to monthly meetings to discuss our goals and progress. During these reporting sessions, we’ll go over claim submission and acceptance rate, the state of accounts receivable, and major transactions during the last period.

Medical Billing Services Save You Time and Earn You Money

The medical billing service often involves tedious and fickle tasks that take your team’s attention away from providing excellent care. Outsourcing these billing processes gives you a great strategic advantage when you partner with experts like those at PayrHealth. Our team’s sole focus and expertise is in revenue cycle management, and we have experience in all 50 states to ensure you get paid more and more often for the services you provide.

Learn more about what we can do for your medical billing solution by calling us or contacting us online today.