Last updated on September 3rd, 2019 at 08:35 am
Medical practices are heavily reliant on the efficacy of their billing processes.
Treating patients and providing care may be the highest priority but at the end of the day.
Your medical practice is an enterprise. That is, it needs to generate profit to stay in business.
Billing is a complex process with numerous possibilities for mistakes to occur. From coding errors to taking on insurance companies and tracking down unsettled patients accounts, billing sectors have to balance several tasks and deliver comprehensive solutions.
Otherwise, you might end up facing huge losses. If you own a medical practice, it’s time you outsource your medical billing.
Top 10 Medical Billing Companies In 2019
#1. Precision Medical Billing
They have fully trained staff, personalized support for your practice, improved reimbursement, reduced overhead costs, and increased cash flow.
PMB offer quality services and customized support to meet your personal needs. Further, they have mastered the billing process for an extensive range of medical as well as behavioral health physicians/providers throughout the world.
They’ve successfully built a reputation for professional excellence through its high-quality, accurate, and affordable services.
Their exclusive services include:
- Billing preparation and processing
- Invoice accountability & revenue reporting
- Front office practices
- Coding and documentation
- Billing collection
- Claim follow-up
- Revenue cycle management
- Billing accuracy
- Decreased operating costs
- High flexibility to foster business expansion
- Information technology updating
#2. CRT Medical Systems
CRT Medical Systems has exceptional expertise handling clinical practice needs for different clients across the globe.
Being an outsourcing company, CRT Medical offers fully-integrated management, as well as EMR software solutions.
It helps medical managers and billing technicians make wise decisions before initiating the billing process. This helps minimize rejections by the patients. With redundant data storage security and robust data backup protocols, the company is airtight.
CRT Medical Systems offers a full management billing department solution, which allows healthcare organizations to effectively access, maintain, and control their billing systems.
This is all done through a single-point computer connection. Hiring CRT Medical Systems will allow you to concentrate on your patients, as they take care of the rest.
Software: EMR Solutions
The billing software utilized by CRT Medical integrates seamlessly with any EMR (Electronic Medical Records) software.
The main focus is to help you obtain meaningful use of incentives from your EMR, all while tuning your practice for maximum profitability.
Still, technology alone can’t make your medical practice more profitable. It is your staff’s understanding of the billing system and how well they execute tasks that is paramount.
Empower them to make good use of technology and outsourced billing systems to leverage its full potential.
They offer the following exclusive services:
- Offers 24/7 access to their billing servers, eliminating the need to support your own in-house IT systems.
- Bills your patients every month
- Transmits electronic billing claims on a daily basis to insurance carriers
- Generates weekly/monthly billing reports
- Handles application software updates, hardware/operating upgrades, and mandated insurance alterations at no extra cost.
# 3. NueMD Medical Billing Company
With its easy-to-use software, NueMD simplifies your practice management and billing operations.
Whether you’re a small or mid-sized practice, you can boost your reimbursements.
And stop getting bothered with collections by outsourcing this company’s reputable services.
NueMD runs in the cloud so there’s no need to spend money on servers or other expensive software. They offer practical plans for any budget.
Its intuitive design makes it extremely easy for you to monitor patients and practice data. Take effective control of your practice and make changes/updates in real-time with NueMD’s outstanding mobile service.
They offer a wide range of services, including:
- Practice management
- Centralized EHR (Electronic health records)
- Quick recoup of outstanding claim
- Access on-demand account information and customized reports
- Up-to-date credentialing & contract negotiation
Medical Practice Management Software
Generate accurate claims, streamline operations, and receive reimbursements swiftly with NueMD’s practice management software. Monitor and control your medical practice with their intuitive design and far-reaching features.
Believe it or not, there’s no need for costly servers! Moreover, you’d able to see four more patients per month and work twenty-three minutes lesser a day. The software enables you to receive satisfactory customer service from highly trained support staff.
The practice management software includes:
- Medical billing– This allows you to automatically scrub claims against millions of federal, commercial, and state claim edits.
- Medical scheduling– Handle multi-office, multi-physician, or multi-day schedules and reduce no-shows by a significant percentage.
- Patient registration– Consolidate patient info from the first encounter. Every detail regarding your patients can be restructured in real-time.
- Reimbursement management– With the PMS software offered by NueMD, you can effectively manage multiple claim reimbursements as well as payments without involving a third-party clearing house.
- Reports and analysis– Take a quick look at your practice’s fiscal health using NueMD’s 80 standard reports.
Simply put, each and every practice is unique and billing can be complicated. In order to deliver the best value possible, NueMD has tailored its pricing to each of its clients to ensure they’re only paying for the billing services they need. Don’t worry!
Their qualified representatives can customized quotes instantly so don’t hesitate to call them today!
#4. Group One
Group One leverages on its more than 25 years of experience when it comes to medical billing and healthcare reimbursements.
Their services are aimed at increasing collections, saving time, and reducing AR.
They combine their vast experience in the healthcare industry with cutting edge technology (in all their dealings) to eliminate avoidable claim denials. Their full RCM solutions have helped many clients’ practices get paid more, in less time.
Their pricing is simple. The minimum they charge is $100 and it increases depending on the complexity of your needs.
#5. Medical Transcription Billing Corp
MTBC is a leading healthcare IT solutions provider. It offers its IT solutions to physician practices, especially those located in the US.
Their fully integrated solutions range from ONC-ACB certified HER to mHealth apps not forgetting tech-based medical billing.
Other beneficial solutions provided by this company include:
- Practice management system
- Data management
MTB’s technologically-inspired solutions have been designed to help physician unleash cost-effectively practices and meet regulatory benchmarks while offering quality care services.
Products and services
MTB offers the following exclusive services:
- Electronic Health Records and Practice Management
- mHealth and Medical Billing Services
- Clinical & Business Analytics
- Value Added Services and Medical Transcription
- Consultancy Services, Patient Engagement, and Scribe Service
They charge $1000 for their healthcare solutions.
#6. Medical Billing Star
It will efficiently handle all of your billing tasks right from submission to claim follow-up. The service provides patient support.
So those with questions about billing can contact the company directly, saving your staff’s time. If necessary, the medical biller can transfer unsettled accounts to collection firms at your request.
Medical Billing Star is fully compliant with HIPAA. It also offers support to its customers for the ICD-10 transition through robust testing and support databases.
This medical biller has great EHR integration features, so if you’ve already installed one, you don’t need to worry about migrating your data. If you are paying a subscription fee for your existent EHR system, Medical Billing Star offers to take on all your payments.
Some of the services they offer include:
- Medical billing
- Medical coding
- Appointment scheduling
- Real-time insurance eligibility checks
- 24/7 billing services
- RCM support
The Medical Billing Star service charges a fraction of your collections, exclusive of self-pay and co-pay patients. Also, the company has a setup fee of $250 and requires a twelve-month contract.
It specializes in developing and delivering cloud-based medical and business management solutions in the industry of healthcare industry.
Avisena is a cloud-based, SaaS technology, as well as Services Company, offers fully-integrated healthcare management software.
It also helps physician practices boost collections, minimize costs.
Positively engage with patients, and improve the overall operational efficiency. They are patented in terms of reimbursement management processes.
The company has designed their solutions to offer their clients that will enable them to stay in control of their businesses. Additionally, they combine their vast experience as an industry-leading company to offer web-based billing solutions.
Some of the solutions they offer are customized to meet your individual needs. They include:
- Practice-management software
- MedClarity PM and billing
- Back office processing
- Superior customer support
They have a strong technology platform that features a comprehensive reporting system, known as MedClarity Informatics. Consequently, customers can have a real-time view into their entire business operation not forgetting to provide them with business decision support.
The company is dedicated to delivering options as well as an exclusive blend of technology and service assistance that are aimed at driving Medicare practice productivity plus results. Their solutions are effective at optimizing workflow and improving financial performance.
Areas of specialization
Avisena specializes in areas like:
- Healthcare Practice and Physician Practice Management
- Electronic Medical Record and Practice Management System
- Medical Billing and Physician Medical Billing
- Revenue Cycle Management and Collections and Analytics
- Revenue Cycle Management solutions, RCM, EMR, and EHR
# 8. EZClaim Medical Billing
When trying to identify the best medical billing services available on the market, it’s important to evaluate the pros and cons.
With EZClaim Medical, everything is clearly tipped in the ‘pro’ column.
And this is particularly true if you are new to the field of contemporary electronic integration. EZClaim offers cloud-based services that uniquely position your practice to transition smoothly across multiple billing settings.
There’s nothing better than working with EZCaim. This company offers outstanding support to its clients. It also strives to deliver reliable solutions to EZClaim products, revenue cycle issues, and health care industry concerns.
Some of the services offered by this IT company include:
- Healthcare analytics
- Electronic billing
- Cloud & desktop solutions
- Electronic remittance advice
- Auto-post ERA’s
- Integrates with QuickEMR, HomeTrack, and WebPT
- Work with TriZetto
- Patient statements
- Payment processing
Medical Billing Software
EzClaim’s Medical Billing software is powerful yet intuitive. It reduces frustration and eliminates errors. With this software, you’re able to choose additional tools/services that work perfectly for your practice.
Additionally, it utilizes both stand-alone and cloud-based computing, allowing you to access your practice at any location, provided there is an internet connection.
The system delivers electronic billing using Trizetto and is compliant with ICD-10. EZClaim gives users greater flexibility to choose according to their budgets or size of the institution.
Kareo is a premium medical software and services company, which offers medical practice management solutions, automated health record as well as premium medical billing software.
With the company’s cloud-based software, customers can access several pricing plans.
Moreover, the company offers a characteristic low-volume pricing model for smaller practices submitting fewer claims.
With this model, clients can submit their first 50 claims each month free of charge. However, there is a small fee per claim after 50 claims.
Kareo’s software system provides a high super-pass resolution rate of 98%. The company’s platform integrates with the claims clearinghouse, making it easy for you to submit claims straight to 2,500+ payers. Moreover.
Clearinghouse integration provides for real-time updating of statuses of claims. In turn, you can instantly know if your claim is denied or paid.
For those who prefer utilizing paper statements, the software has been designed in such a way that you can print statements from it. In addition, Kareo provides an add-on service in which it prints and mails paper statements at a minimal fee.
Kareo’s software incorporates an array of reporting features, which can be customized to fit your individual practice. For instance, if most of your claims are denied, the software allows you to adjust your reporting options to understand the reasons behind the denials.
Kareo’s software is equipped with great practice management tools besides medical billing features. With this software, your company’s front-office employee can scan plus upload documents like insurance cards into your patient’s records.
Your staff can then verify a patient’s insurance eligibility and submit appropriate insurance claims. The software accepts payments via credit cards, however, there is a small variable fee for each transaction.
Medusind’s medical billing services are built upon powerful MedClarity technology.
With their dedicated experts, you can optimize your revenue and take care of those time-consuming tasks to boost the efficiency and profitability of your medical practice.
This, in turn, reduces your administrative burden. Their highly-skilled reporting and business analytics provide you with complete transparency and maximum control of the billing process.
Boost your revenue as well as cash flow with Medusind’s innovative technology and extensive industry expertise. Seeking to hire the following services? Then you’ve come to the right place.
- Eligibility verification
- Claim submission
- Accounts payable services
- Customized reporting
- Electronic remittance and payment
- CPT/ICD-10 coding
- Patient billing and collection
- Denial management
- A/R analytics and business intelligence
# MedClarity Software
Medusind’s medical billing operations are supported by the ground-breaking MedClarity platform. This software offers full control and monitoring of your revenue performance.
Featuring advanced rules engine, denial management, and underpayment management tools, this system ensures that you get paid for every service.
Additionally, the industry-leading MedClarity system helps transform your intricate financial data into practical information.
The Medusind coding team comprises of AAPC certified programmers with outstanding expertise in HCPCS level II, DRG, ICD-10, and CPT codes across multiple specialties.
All coding done at Medusind complies with NCCIC and LCD State Regulations. They continuously monitor quality as well as compliance and uphold an accuracy rate that’s above 95% for ICD and CPT coding.
We hope our top 10 medical billing companies guide has been helpful. This guide certainly contains a lot of information to take in and consider.
Nevertheless, we encourage you to read it all, and perhaps even do some research of your own. As always, feel free to share your thoughts and questions with us!
Our Final Thoughts On Medical Billing Companies
When we talk about billing, we soon see the well-known invoices. However, hospital medical billing does not only involve this type of activity.
In addition to issuing the notes, the professional responsible for hospital medical billing must manage health plans, check and bill tabs, control disputes or disallowances (by the health plan operator), pay doctors, among others. attributions.
Knowing the difficulties that medical billing professionals face, here are some tips for making your clinic, hospital or laboratory billing processes as assertive as possible.
6 tips on hospital medical billing
First tip: Develop a template for tab organization
As with any administrative process, hospital medical billing professionals should develop models for the administrative processes they perform.
Develop a template for filling out the guides and organizing them (organize health plans and procedures in alphabetical order, for example).
As with any administrative activity, defining an organization model is essential so that errors do not occur.
This organization will also help to look for future documentation in the event of disputes or disallowances from health plans.
Second tip: Create tab billing procedures
Avoid invoicing the guides on demand or at random. Defining a procedure for defining a billing period, and for tasks that must be performed during this process, is what will make the activity error-proof.
In addition to avoiding errors, this procedure contributes to the time and quality of care. Time optimization and patient satisfaction with care will bring better financial results to the business.
Third Tip: Perform Audits Constantly
Constantly and carefully examine whether the processes are running as planned.
In addition to ensuring that they are running on time and correctly, auditing these processes will bring information that will help optimize them for improvement.
Tip Four: Update and Specialization
As in any profession, look for the constant update. Knowledge about new administrative processes and the updating of professionals responsible for hospital medical billing is fundamental.
After all, in order for the procedures to be performed with the utmost correctness, it is essential to comply with the most current laws, requirements and procedures.
Tip 5: Thorough control of disputes or disallowances
It is common for professionals responsible for hospital medical billing to deal with disputes or disallowances from health plans.
Develop ways to control contestations by recording the occurrences and causes of disallowances.
Records will be important if there is a need to devise new appeals for challenges or disallowances made by health plans.
Tip 6: Look for Qualified Professionals
As stated earlier, medical billing in hospitals, clinics or laboratories has several particularities.
Look for skilled professionals. In addition to the security to perform administrative procedures, the knowledge required for the job requires a skilled professional.
Medical billing in offices, hospitals, clinics, and laboratories is a recurring issue in administrative management in healthcare.
Many businesses in the segment have difficulties managing billing processes, and this is worrying.
If your doctor’s office, hospital, clinic, or laboratory does not have qualified management of these processes, look for a qualified practitioner or company that has the authority to do so. This attitude will make your business more organized and profitable.