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Medical Billing Services
Prioritizing your patients’ health is the number one task that your healthcare institution must focus on. But, if you don’t get your billing process in order, it could affect your profits and you won’t be able to care for your patients as well. With the right medical billing outsourcing services, you can ensure steady profits and maximize care delivery for patients.
The best medical billing services will also help you save up on your financial resources and time and facilitate proper recordkeeping to prevent mistakes in the submission of bills and insurance claims.
Synergy Resource Management, has been one of the leading providers of medical billing management services for a long time now. We understand each client’s unique requirements and provide them with customized services that will suit their business requirements. Some of the key medical billing solutions we offer include –
Medical Billing Services We Offer
1. Claims Denial Management
We can provide you with effective claims denial management that will help you increase your revenue. Our entire process and expert staff make sure that there are minimal denials. Denials and partial payments are assessed by our expert team and an extensive follow-up process follows. Patients, providers, and other parties are contacted to deal with the denials and secondary paper claims are processed.
2. Insurance Verification
Once we have the data with us, our medical billing experts will verify the insurance eligibility and benefits before getting a pre-certification for procedures and diagnostic tests. Once this stage is cleared, the pre-certification is obtained.
3. Patient Information Entry
Following the verification process, for every new patient, we enter the patient demographic details, patient history, information about the diagnosis, and insurance-related data. For repeated patients, the previously stored information is validated. Once these data are stored, you can retrieve the complete information about a patient at any time with the help of our online medical billing services.
4. Fee Charges Entry
The medical fee charges of your organization and CPT and ICD-10 codes are entered into the practice management system at this stage. These charges are the basis on which the claims are filed.
5. Claims Submission
At Synergy Resource Management, we take up both electronic and manual claims submissions to insurance companies. The process is highly monitored and made error-free to make sure that there is a bare minimum rejection of claims. In the case of rejections from the clearinghouse, rectification and resubmission are done.
6. Posting of Payments
Scanned copies of the Explanation of Benefits (EOB) and checks are posted into the system by our team. The team reconciles the entries daily.
7. AR Management
Extensive follow-ups are made to collect the outstanding accounts receivables (AR). Our regular telephonic and email follow-ups make sure that the AR collection time is reduced and there is an increase in revenue.
8. Medical Claims Transmission
The medical billing process starts with you sending us the patient list, demographic details of the patients, and copies of their insurance cards. The data can be transferred to Synergy by FTP, fax, or email. Before electronically sending the medical claims to the claims transmission department, they are filed for follow-up with all relevant information.
What Exactly Does A Medical Biller Do?
A medical biller is a professional who is responsible for providing efficient medical billing management services including tasks like submitting and processing insurance claims to the insurance companies and other payers. The role of a medical biller is highly critical for the financial health of healthcare organizations. A medical biller needs keen attention to detail and working experience in using electronic and paper billing systems.
