Hospitalist Billing Services
Streamline your inpatient care with AltuMED’s specialized hospitalist billing services. Our billing experts know how and where to use CPT and E/M codes for accurate documentation of your services. And the RCM team takes care of the rest. We unburden you of the administrative load so you can ensure the provision of quality care to your patients.
Hospitalist practices can be tough due to their demanding nature. Adding to that are the billing intricacies, which, if not handled by a staff who doesn’t know how to ensure accuracy in coding, compliance, and reimbursements, can affect your bottom line. AltuMED strives to cover this administrative side so that you only get patients to take care of. We take accuracy and efficiency seriously to ensure your practice remains profitable.
Customized Billing Solutions for Your Hospitalist Practice
Hospitalist and hospital billing services are not the same. Hospital billing covers a plethora of healthcare services provided in a hospital setting. This includes care provision to all the patients, both visiting and hospitalized.
In contrast, hospitalist billing covers treatments and services provided to hospitalized patients only. The protocols for these services are highly contingent upon the patient’s requirements. This can drastically change the billing scenario for procedures that look similar from a high-level perspective but have nuanced differences.
At AltuMED, we understand the intricacies involved in hospitalist practice. Our billing team knows how a seemingly minor modification in the inpatient care can alter its coding requirements. That’s why we stick to customization when performing hospitalist billing. Our goal is always to ensure you never miss any part of your reimbursements. We streamline your RCM for maximum financial output.
Want to learn how our customized hospitalist billing services can benefit your practice?
Our Hospitalist Billing and RCM Solutions
Accounts Receivable Management
Our RCM team looks into all the outstanding payments. More specifically, they monitor all the charges, adjustments, and denials to identify gaps in your cash flow. Then, they work with your finance team to expedite the payment recovery process.
Reporting and Analytics
We provide hospitalists with customized dashboards where they can view their billing progress in real time. These dashboards show analytics based on your preferred KPIs. They also generate automated reports that describe gaps in your RCM and help identify growth opportunities.
Denial Management
Our denial management strategy is proactive. We process each of your claims thoroughly to remove any error or discrepancy before hitting the submit button. This is why our first-pass acceptance rate stays above 97%. For rare claims that get denied, we analyze and resolve issues promptly. Not only that, we readjust our strategy to prevent such denials in the future.
Technology and Automation
Technology integration in medical billing is not a luxury anymore. It has become a vital process without which progress becomes a far-fetched goal. At AltuMED, we understand this better than anyone else. This is why we have invested heavily in research and development of the smartest RCM systems that not just streamline your billing but also automate it. These systems perform repetitive tasks in a jiffy to accelerate the overall RCM processes. We also have advanced systems that use machine learning and AI to support strategic aspects of your revenue management.
Tailored Billing and Coding Services
Our billing team first understands your billing requirements and develops a comprehensive strategy that covers all those requirements. We pay particular attention to coding accuracy because that’s what ensures complete reimbursements. Our coders expertly apply common CPT codes like:
- 99221 (Initial Hospital Care)
- 99231 (Subsequent Hospital Care)
- 99238 (Hospital Discharge Services)
- 99233 (Subsequent Hospital Care for the Seriously Ill or Injured)
These codes also include Evaluation and Management (E/M) codes. Using E/M codes requires high-level expertise and skill, which our coders possess better than most.
Benefits of Choosing AltuMED’s Hospitalist Billing Services
Our medical billing services are best in the USA. It is not just because these services are comprehensive and customizable. It is also because our primary focus has always been on quality. We streamline processes to lessen the administrative hassle so that practices can focus on optimum patient care.
Error-free billing
Fewer denials
Enhanced revenue
Unmatched transparency
Real-time, advanced reporting