Managed Medical Billing
Maximize Reimbursements with a Stress Free Billing Experience
Get maximum reimbursement for the services you offer by having a thoroughly managed, synchronized and transparent medical billing process. An inaccurate billing process can lead your practice towards huge losses i.e. you lose your patients trust, you lose revenue, get immense stress, can face staffing issues. it can turn your practice into a failure with all your money stuck in the procedural gaps. The picture paints little to no future for practices with a faulty, time consuming and obscure medical billing process.
A Flawed Billing Process is a Failed Practice
It is estimated that approx $125 billion is left on the table by doctors in US due to billing inaccuracies. 15c of every $1 is lost in an flawed billing process. Medical billing errors are so prevalent that around 80% of medical bills are estimated to contain errors. These eye-brow raising facts not only depicts the money lost but warns about a deeper much more stern issue i.e. higher number of denials, large chucks of revenue stuck in stagnant claims, increase in AR days resulting in low practice productivity, low employee satisfaction, lower care service quality and an alarming hit on the practice’s status quo.
AltuMED PracticeFit enables
*The numbers shown are an average across our client portfolio
Mitigate Discrepancies & Augment Profits
AltuMED aims to take care of all your Medical Billing worries by offering a Managed Medical Billing experience exclusive to your practice needs. Our AltuMED PracticeFit Software takes care of your reimbursements by mitigating discrepancies through a real time, data driven and integrated approach towards the billing process. AltuMED Managed Billing offers.
Patient Scheduling & Registration
Insurance Eligibility Verification
Pre-Authorization Services
Medical Coding
Claim Creation and Transmission
Payment Posting
Denial & Appeal Management
Account Receivable Management
Patient Follow UP
Let go of billing worries and give 100% attention to your patients meanwhile let us cater to all the service gaps, adding value with every step and making sure that your practice utilizes our technologically advanced systems, our 10 years worth of industry knowledge, our expert team’s billing capabilities and intelligence regarding the current and future of Altumed PracticeFit.
Up-gradation, Synchronization and Integration
Ensure constant and systematic updates in-sync to your Medical Billing processes as we have our own health IT platform complimenting each of the exceptional RCM service, adding value to the whole process. AltuMED technology platform offers synchronization and seamless integration of workflows with advanced systems, enabling efficient, predictable and progressive business. We make sure that you get to deal with lower number of venders by providing a thoroughly managed medical billing service. We present to you a road map with check points ensuring methodical changes, as the research in th healthcare market brings forth new information keeping you in pace with the competition. AltuMED instills productivity, easing the operational and financial side of your business, helping you practice digital maturity successfully.
Get Efficient, Let AltuMED add Value to your Medical Billing Processes
AltuMED takes on a metric approach when it comes to meeting business requirements. Our First Time Claim Acceptance rate of 97.8% and an incredible 3.1% Denial Rate allows your practice an efficient, quick and profitable claim life cycle.
Our comprehensive dashboards allow your practice a step by step analysis of your claims in process and advise actions to make the process more efficient. AltuMED Practice Portal not only keeps the whole billing process transparent, integrated and thorough but allows easy communication between various different users.
AltuMED PracticeFit Revolutionizing RCM Healthcare
AltuMED with their efficient AR management have made us stress free. 70% of our non clinical burden have been taken care off now– I am impressed by their 360 grasp on our billing needs, it gives me more time to attend to my patients!
Dr. Pujara Chandrakant
Michigan Cardiology Associates, Wayne, Michigan
Reduce your AR days and stand out amongst the rest, partner AltuMED for 97% First Pass Resolution and ensure 98% Patient Satisfaction.
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