Medical Billing Services
Minimize claim denials and Maximize reimbursements at your Medical Practice. Partner AltuMED for a streamlined and efficient Medical Billing Process. Our expert team make sure that no revenue left unclaimed. We are able to achieve First Pass Claim Acceptance Rate of 97.8% across our clients' portfolios.
Expert Billing Services For Your Medical Practice
Having a professional medical billing team under your command can lift your practice to new heights. However operational costs and lack of experience can be major hurdles in setting up this department in-house. With AltuMED, you can let go of this concern. We provide premium medical billing services through a specialized team of billers, coders, and revenue personnel.
The reason we say we eliminate your need to hire a permanent team is our greater ability to meet your RCM needs. With over 15 years of experience and a wide knowledge base, we bring convenience to your revenue operations.
So, whether you are a freestanding clinic or a large hospital, our services are the best fit for your revenue processes. We work on every aspect of your RCM, not just to free your resources for patient care but to bring more revenue than you could with an in-office team.
Our medical billing services help streamline the following RCM processes:
- Claim creation and submission
- Denial prevention and management
- Payment posting
- Compliance verification
- Reporting
Our Medical Billing Process
Patient Registration
Collection of data, such as patient’s full name, residential address, date of birth, emergency contacts, and insurance information.
Insurance Verification
Contacting the insurance provider to verify the insurance plan, services being offered, and pre-authorization requirements.
Documentation of the Patient's Encounter
Acquiring and entering the details of the patient’s condition, diagnosis, treatment procedure, and other information noted during the visit.
Medical Coding
Assigning medical codes to the procedures, i.e., ICD codes for diagnosis, CPT codes for treatments provided, and HCPCS codes for additional services.
Charge Entry
Assigning charges to all the services provided to the patient, including consultation, medications, and equipment.
Claim Submission
Preparing claims in the standard claim formats and submitting them electronically to the payers.
Appeals for Rejections
Examining the reason for denied or underpaid claims, fixing the errors, and re-sending those claims to recover complete reimbursements.
Payment Posting
Posting received payments to the patients’ accounts and sending accounts to collections for unpaid balances.
How We Help You Boost Revenue
We realize the importance of scaling up your medical practice. To help you grow, we have designed our medical billing services in a way that brings more revenue. Here is what we do to increase your cash flow.
One of the reasons medical practices seek to outsource their billing operations is that it costs less. With us, you can rest assured that you won’t later regret your decision to downsize. Our talented RCM team fulfills all your billing requirements. And the best part is, we take only a fraction of your collections as our fee.
As a growth-oriented medical billing company, we believe making payments convenient is crucial for accelerating patient collections. You want your patients to pay your bills as soon as possible. This is because patient bills do not require as much processing as insurance bills. All they need is a smooth payment option, and they will submit their fee at their earliest.
To accelerate patient collections, we have an advanced digital payment system. This system sends reminders through SMS or email, providing online payment links. The convenience it creates makes a majority of patients pay their fees immediately.
While our expert team works on the strategic measures, we rely on technology for speedy operations. We have the industry’s best Robotic Process Automation (RPA) system that reduces manual effort. In fact, its complex AI looks into billing and coding nuances and even assists in strategic decision-making.
Our RPA automates the following aspects of your medical RCM:
- Documentation and data entry
- A/R analysis and optimization
- Coding analysis for accuracy
- Electronic claim submission
- Report generation
For medical practices that run their billing operations in-house, we offer consultative services. These services help them in only specific aspects of their choice.
Our consultative services include:
- Chart audits
- RCM optimization
- CAQH credentialing
- Account management
- Compliance
- Healthcare IT support
- Practice analysis and reporting
Not only do we provide exceptional medical billing services, but we also help you stay current with billing regulations and payer rules. We conduct training sessions to give you updated knowledge on established RCM practices. Our aim is to avoid all sorts of errors that can lead to revenue bottlenecks
WHAT OUR CLIENTS SAY
Testimonials
Looking for medical billing services that give you peace of mind and enhance collections?
AltuMED is here. Contact us today to give your practice the breakthrough it has longed for.
We’ll take care of the challenges in medical billing services and leave you to do what you do best; that is delivering quality patient service.