Outsource Medical Billing Services to Flatworld Solutions
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 dedicating wholly to your healthcare practice. Get the most practical and profitable solution for this predicament by choosing to outsource your medical billing services.
Outsourcing can make a huge difference to the way your healthcare organization functions. The entire process, starting from patient admission to insurance follow-up, to reimbursement of claims, can be outsourced. Apart from cost saving being the most predominant advantage, you can also look forward to effectively streamlining your office work and healthcare practice.
Being a medical billing specialist company, Flatworld Solutions focuses on providing fully integrated medical billing solutions for our customers. Rely on our services for regular follow-up with insurance companies and be assured of an increased rate of reimbursements.
Flatworld Solutions' approach to medical billing
Get to know how we approach medical billing with our structured, tested and perfected medical practice management process -
1. Claims transmission and insurance verification
The medical billing process starts with you sending us the patient list, demographic details of the patients and copies of their insurance card. The data can be transferred to Flatworld Solutions by FTP, fax or email.
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.
2. Patient information entry
Following the verification process, for every new patient we enter the patient demographic details, patient history, information pertaining to the diagnosis and insurance related data. For repeated patients, previously stored information is validated. Once these data are stored, you can retrieve the complete information about a patient at anytime.
3. Medical coding
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 into the billing process.
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 Flatworld Solutions, we take up both electronic and manual claims submissions to insurance companies. The process is highly monitored and made error-free so as to make sure that there is a bare minimum rejection of claims. In case of rejections from the clearing house, rectification and resubmission is 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 on a daily basis.
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.
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.
We can handle huge volumes of medical billing and can work on any medical billing software that you currently use. By using our efficient processes, we will be sending you daily and weekly reports of the billing and payment status. Read our article which highlights the many different reasons to outsource medical billing services. Flatworld Solutions is committed to providing customers with the finest services. Outsource your medical billing requirements to us and make the most of the advantages that we offer.
Contact us to outsource medical billing. Our medical billing team will get in touch with you within the next 24 hours.