Hospital Billing Services
Your goal is to enhance the health of your patients. Ours is the enhancement of your revenue cycle! Team up with Medical Billing to achieve more than you ever thought possible. Our hospital billing services are customized to your requirements, removing expensive errors and raising the bottom line. We invite you to pick us for great value.
Hospital Billing Services We Offer
Outsource the work instead and cut down on the wages, training, and material costs! The healthcare sector has been hit hard by the deficit of administrative experts and the inflation levels that are going up. A lot of resources are spent by many hospitals to ensure that their internal medical billing services run adequately. However, why incur extra expenses to employ people to do the billing processes when there is an option of outsourcing the service and cutting expenses related to billing by almost 17% like most practices have done?
Medical Billing promises impressive savings while also offers most reliable hospital billing services. We rely on efficient systems and procedures for managing your billing. Our billing, coding and denial management teams work hard to ensure they understand the applicable law and payer policies. We support you with:
Common Challenges in Hospital Billing
A small hospital can be expected to incur up to 30 billing errors every week. Were you aware that 63% of these errors are caused by incorrect coding? The remainder consists of mistakes such as grammatical errors, wrong patient information, and discrepancies within records.
Hospital billing is much more difficult. In fact, Hospital billing is more of a chore as compared to general practice billing since hospitals have many units that offer various services. Consequently, they have a high risk of making billing errors and have to deal with coding, coverage, and compliance issues. Minimization of corrective actions can only be achieved after appreciation of the most prevalent hospital billing problems.
High Volume of Claims
Since hospitals treat numerous patients with varying insurance plans, they have to deal with large volumes of claims, thousands of claims each week, to be more specific. Each service or treatment requires a separate insurance claim, leading to overworked hospital staff, which results in billing mistakes and payment delays.
Coding Mistakes
While computer-assisted coding is gaining prominence, human coders still make up a large percentage of the hospital billing workforce. Unfortunately, most hospitals lack coding experts. Therefore, they make coding mistakes due to changing requirements, complex situations, and incorrect data entry, leading to payers denying their claims.
Compliance Issues
In order to recover lost revenue, we identify the exact causes for claim denials, rHospitals must comply with numerous regulations, including HIPAA and the HITECH Act, to maintain their integrity. Moreover, insurers are increasing their demands with time, often requiring detailed documentation about a patient’s condition and corresponding procedures. Hospitals find it challenging to keep up, resulting in compliance issues and payment delays. ework, resubmit, or challenge the denials.
Lack of Trained Staff
In-house billing teams should stay up-to-date with the latest coding systems, such as CPT, ICD-10, and HCPCS. They must also be familiar with technological advancements, including EHR/EMR, and be able to adapt to changes. In short, hospitals need to train their staff regularly to avoid billing errors and claim denials.
Why Choose Us for Hospital Billing Services?
Does the billing department implore the handling of claim rejections over and over again? Why not allow us to help you claim it back, Medical Billing For smaller practices, coding and documentation may not appear to be a big issue. However, in the case of hospitals, it’s only a matter of time before someone goes insane because of the workload. At Medical Billing we not only take care of your revenue; we work on enhancing it so that you can be concerned with delivering better quality patient care.
Our hospital billing services are aimed at ensuring the results that you seek are achieved whether it is revamping your cash inflow or reducing preventable service revenue claims such as wrong spelling or patient context. Come to us if you want to change the billing problems you encounter into making more money for your practice.
Simplify your hospital billing process and boost profitability! Backed by decades of expertise, we effectively tackle your unique billing challenges. Our skilled billing and coding professionals stay up-to-date with regulatory changes and coding updates to ensure seamless adaptability.
Manage your budget with confidence and full transparency! For the first month, enjoy our services at a flat 1% rate. At Med eBilling, we promise clear pricing and open communication. Our team ensures you’re informed at every step of the billing process.
Turn denials into approvals with ease! At Med eBilling, our expert denial management team takes a proactive approach to uncover the root causes of claim denials. We work diligently to address issues and ensure you receive the reimbursements you deserve.
Address your specific needs with our solutions! At MediBill MD, we analyze your existing financial operations to identify all the gaps and customize our services to fit your requirements. Our billing team implements the most effective and efficient practices to maximize your revenue.
24/7 ASSISTANCE IN EVERY SPECIALTY
Find out the solutions to all of your questions! With all of our services, Med eBilling provides dedicated customer care 24/7. Across all specialties, our staff is qualified to cope with medical billing and associated issues.