Are administrative obligations hindering your performance as a healthcare organization? Medical billing, insurance follow-up, claims processing, and a whole range of such administrative functions can eat away valuable time that you should be dedicated wholly to your healthcare practice. Get the most practical and profitable solution for this predicament by choosing to outsource your medical billing services to an experienced medical billing service company.
Healthcare providers offer crucial services for patient care, and the billing process helps them sustain their operations for the long term. To support that and enable a successful revenue generation cycle, efficient medical billing services are highly necessary.
All the tasks that are a part of the medical billing process, such as following HIPAA requirements or streamlining the collection process, can be effectively handled by Flatworld Solutions, an expert medical billing services company. We understand that healthcare providers have to go through the challenges of missed charges, underpricing, non-reimbursed errors, coding errors, etc. causing them to face a significant loss in revenue every year. Therefore, we have designed our medical billing consulting services to deliver accuracy and prevent the occurrence of such losses.
Flatworld Solutions is among the best online medical billing services providing companies that can be your one-stop-shop for all your needs. We have some of the most experienced and skilled medical billing specialists on board who can take care of all your requirements with ease. We leverage the power of the latest tools and technologies while delivering the best quality services to global clients.
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.
Flatworld Solutions 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 -
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.
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.
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.
Each diagnostic note needs to be coded with CPT and ICD-10 codes to enter into the medical billing system. Our experienced coders take care of the coding process with high levels of accuracy and diligence. In case your bills are pre-coded, we will validate them to prevent up-coding/down-coding and integrate them into the billing process.
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.
At Flatworld Solutions, 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.
Scanned copies of the Explanation of Benefits (EOB) and checks are posted into the system by our team. The team reconciles the entries daily.
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.
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 Flatworld Solutions 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.
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.
Outsourcing medical billing consulting services to us can give you access to a gamut of benefits that you can take advantage of. Some of the key reasons for you to choose us as your medical billing services company is listed here -
We help our clients with highly flexible and affordable pricing options which will suit their business requirements and budget perfectly.
We are an ISO/IEC 27001:2013 ISMS certified efficient medical billing services company. This ensures that all the data you share with us is completely secure at all times.
We begin every project only after signing the HIPAA agreement with the client which ensures that all the patient-related data is handled only by authorized personnel.
Our team comprises some of the most experienced and skilled medical billing experts who can take care of all your requirements with ease and provide the best-in-class medical billing consulting services.
We operate through several delivery locations across the globe and this enables us to deliver the best quality services within a quick time.
We have the required bandwidth and resources to scale up the service requirements and ramp up the team size as and when the client asks for it.
When you choose us as your medical billing partner, we will assign a dedicated manager to you who will be the single point of contact for all your needs.
All our teams including customer support, sales, project management, and marketing are available 24/7 to resolve any issue that you may have.
We understand the importance of having good infrastructure and have access to the latest medical billing tools and international-standard office spaces.
We are an ISO-certified organization. This ensures that all the medical billing outsourcing services delivered by our team are of the best quality and completely error-free.
The client wanted to partner with a professional service provider who could provide the services at a very competitive price and within a quick turnaround time Flatworld Solutions was a qualified partner that matched their budgetary needs and the project was executed as per the client's satisfaction.
The client approached Flatworld Solutions in the wake of problems they faced due to a decline in the collection, shoddy billing work by an in-house team, and incomplete billing. We analyzed the challenge and swiftly provided a billing solution. All that within the short deadline as the client was time constrained.
We are extremely happy with the service we receive from Flatworld Solutions. The notes and letters are of a very high standard and always delivered back promptly and in a very timely manner.Doctor,
Flatworld Solutions has been a pioneer in providing the best medical billing services and a series of other medical billing and coding services to clients around the globe. We have some of the most experienced and skilled medical billing experts who can cater to all your needs with ease. We leverage the latest medical billing tools and technologies while delivering the best quality medical billing management services.
If you are looking for a reliable and cost-effective medical billing service providing company that you have come to the right place. Get in touch with us today!
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Medical billing outsourcing services are used to process and submit accounts and health insurance claims so that the burden of such billing administrative work does not fall on the hospital staff. The medical billing services company can also file for insurance claims, follow up on the rejected claims, and pursue the accounts that have failed to pay.
There are three types of billing systems in healthcare: closed, open, and isolated. The closed billing system does not allow transfers and focuses on a single practice. An example of a closed billing system is EMR (Electronic Medical Record), as it does not collaborate with other medical practices. EHR (Electronic Health Record) is an open billing system as it will enable transfer across healthcare professionals, such as between doctors and labs. It is a collaborative system, and they are regarded as efficient medical billing services as everyone is privy to the patient's information. An isolated system is completely removed from the facilities, and the patients themselves manage the records. These are not commonly used by hospitals.
There are various factors that go into determining the actual cost of outsourcing medical billing services. The final cost depends on the number and volume of claims. Some medical billing consulting services charge a set-up fee that can start from $300, while companies with large clientele can charge a flat fee of $1000. The administrative fees will cost anywhere between $3000 to $6000 depending on the size of the medical billing services company. Then comes the billing fees, and this amount can average 5 to 10% of the collected claims. Some companies can charge hourly, flat, or hybrid fees as well. If you are looking for affordable medical billing management services, you should opt for Flatworld Solutions.
If your scale of medical billing work is high and you want your medical staff to focus more on core activities, you should definitely think about outsourcing medical billing activities. Flatworld Solutions is one such medical billing services company that will provide you affordable pricing for the services along with 100% HIPAA compliant processes to maintain confidentiality and security. With Flatworld, you can get the best medical billing services and help reduce the operational costs by 40% and reduce your staffing issues by outsourcing their work to an organization that can handle the large volume of claims. Flatworld also provides niche medical billing services along with a shorter turnaround time.
With Flatworld Solutions, you do not have to worry about data security issues as we ensure complete confidentiality in our online medical billing services. Flatworld offers a gamut of healthcare services, and our satisfied clients speak for our legitimacy. We also have a quick and efficient dispute resolution to get the insurance claims without any delay.