Indiana, the #1 U.S. state in life sciences exports, contributes $27 billion to the economy through product exports alone. The overall economic impact of Indiana’s healthcare and life sciences sector exceeds $99 billion annually.
Indianapolis, the capital and largest city of the state, alone has more than 15 general hospitals, and nearly 19,621 people are employed at all the hospitals in the Indianapolis metro area combined. However, this vast and profitable healthcare system will collapse if insurance payouts are not received on time. For this reason, a partnership with medical billing companies in Indianapolis is a must.
Third-party medical billing companies ensure accurate billing and efficient revenue cycle management (RCM) to maintain the financial health of practices. However, finding the right billing partner can be a challenge, especially when many of these companies operate remotely.
But you can set aside the worries. Our well-researched list of the 10 best medical billing companies in Indianapolis explores the top contenders in the billing world. Take a look!
Top 10 Medical Billing Companies in Indianapolis
This year’s top-ranked medical billing companies in Indianapolis are:
1. MediBillMD
Although not physically based in the city, MediBillMD is a top-rated medical billing company in Indianapolis due to its end-to-end RCM expertise, technological capabilities, compliant billing, and certified workforce.
MediBillMD believes in delivering customized billing support across 60 medical specialties to ensure targeted revenue transformation. Its medical billing services include provider and practice credentialing, eligibility verification, coding, claims creation, AR follow-up, denial management, and payment posting. You can even sign up for audits and weekly/monthly reports.
The company is a proud member of AAPC, AAHAM, and HFMA. Moreover, it has been certified by HIPAA and ISO-9001 for compliance and quality assurance. By partnering with MediBillMD, you can achieve the following benefits:
- 98% clean claim rate
- 96% collection ratio
- 97% first-pass ratio
- 10-15% revenue increase
- Less than 30 days in AR
2. Expert Medical Billing, LLC
If you are looking for a U.S.-managed, AI-powered, local medical billing and RCM company, look no further than Expert Medical Billing. We will undoubtedly label it as the best medical billing company in Indianapolis due to its flawless 5-star rating and positive reviews on Google.
Customers have lauded the company and its staff for being professional, attentive, quick to respond, and exceeding expectations. Expert Medical Billing’s team can work with over 120 EHR software, so you don’t have to worry about system switches and upgrades.
Headed by Dr. Tarek Shahbanda, a double board-certified physician who has more than 20 years of practice management experience, Expert Medical Billing can handle coding, AR recovery, patient payments, and audits for its clients. You should consider this medical billing company in Indianapolis because:
- Physician-founded
- 30+ years of combined billing experience
- 25+ happy clients
- 100% client satisfaction
- 15% increase in monthly cash flow
- 30% lower cost than in-house
3. Pinnacle Healthcare Revenue Solutions
Pinnacle Healthcare Revenue Solutions is another one of the few 5-star-rated medical billing companies in Indianapolis. Since 1997, it has worked with specialty physician-owned practices and hospitals for revenue cycle management, efficiency, and growth.
Over the years, it has built a national reputation in kidney care initiatives and works with 50+ private nephrology group practices. Besides nephrology, its core medical billing and RCM solutions are available to 7 other specialties, including gastroenterology, internal medicine, and orthopedic surgery.
Pinnacle Healthcare Revenue Solutions leverages cutting-edge technology to drive practice growth. Its server hosting (PrivateCloud™ and ExpertCloud™), data security (SecureCloud™), and cloud backup (RecoverCloud™) solutions create a robust ecosystem to ensure efficient practice management. With this Indianapolis medical billing company by your side, you can achieve:
- More than 98% collections
- Up to 7% revenue increase
- 23% fewer claim denials
- 30.25 days in AR
4. Hannah Medical Consulting, LLC
Named after its founder, Nicholas J. Hannah (yes, that caught us a little off guard, too), Hannah Medical Consulting (HMC) is a well-loved medical billing company in Indianapolis. Nicholas, an MSM and MBA by education, formed the company to help small and medium-sized practices streamline billing and increase revenue.
With more than 20 years of collective experience, HCM can deliver process improvement, compliance, monthly financial reviews, and manage human resources, insurance contract negotiations, and facility lease mediations. It efficiently caters to the unique billing needs of various medical specialties like radiology, pediatrics, anesthesia, and dermatology.
However, HCM’s contribution to the Indianapolis healthcare space is not limited to revenue boost. It believes in making practices sustainable through constant training and education. Hence, its offerings include Certified Professional Coder (CPC) courses in partnership with AAPC, CPC Exam Preparation Course, and Fundamentals of Medicine & CPC Course. Program structures and fees are mentioned on the website. So, choose HCM because:
- Local medical billing expertise
- Tailored solutions
- Quick turnaround time
- Positive client testimonials
5. Med-Bill Corporation
Almost all Indianapolis medical billing companies offer billing assistance to physicians and specialty practices, but only a couple of them have ventured into ambulance billing. Med-Bill Corporation is one of them. Like MediBillMD, Med-Bill provides emergency medical services (EMS) billing and compliance support to ambulance services, fire departments, and hospitals of all sizes.
Its billing staff is NAAC-certified and has 60+ years of combined industry experience. They can precisely manage coding, compliance, and documentation, securing a 97% first-pass rate for their EMS clients. Med-Bill Corporation is also AICPA recognized, and its System and Organization Controls (SOC) badge is proof of that.
As one of the oldest medical billing companies in Indianapolis (established in 1996), Med-Bill has mastered back-end documentation for Medicare, Medicaid, and commercial claims submission. So, whether it is EMT/Paramedic certifications, ambulance registration, ALS/BLS certification, or driver’s licensing, the Med-Bill team can help you with all. With Med-Bill, you get:
- EMS medical billing expertise
- Regulatory compliance
- Decades of industry experience
- Monthly employee checks based on the OIG list
6. ClaimAid
A personal touch, trusted partnership, and a better experience – these are the three things you get when you pick ClaimAid as your billing partner. Compared to most of the billing companies in Indianapolis included in our list, ClaimAid is an old contender, mentioning its year of inception as 1989. Moreover, Google has given this company a 4.8-star rating. The reason? 39 customer reviews, most of which are positive or 5-star.
ClaimAid serves hospitals, federally qualified health centers, primary care clinics, and mental health facilities. Its core solutions include eligibility checks, patient payment options, and claims resolution.
The company’s C-suite and senior management include healthcare IT, marketing, business, accounting, human resources, and research & development experts. Together, they employ a people-first, empathetic, and forward-thinking approach to simplify healthcare coverage and its billing. Top reasons for choosing ClaimAid include:
- Patient guidance for payer/plan enrollment
- 36 years in business
- Promising rating and reviews
- Top-class customer service
7. Healthcare Chaos Management
Another name that made it to our list of ‘10 Best Medical Billing companies in Indianapolis’ is Healthcare Chaos Management (HCM). And why not? It was hard to ignore HCM when it has a perfect 5-star Google rating (although the number of reviews is only 2), is the oldest medical billing company in Indianapolis (formed in 1985), and is woman-owned. From a local insurance claims management company, HCM has evolved into a national RCM provider that delivers financial success through AI-optimized solutions.
HCM can help you with credentialing, claims management, contract staffing, patient AR, HIPAA compliance, and omnichannel secure outreach. It is unclear how many specialities it serves, but we do know that its workflows are compatible with Epic, MEDITECH, Allscripts, Cerner, Keane, CPSI, and many more EHRs.
HCM’s grasp on generative AI, its “ADMIRED” company culture, and proven track record make it one of the top-ranked medical billing companies in Indianapolis. Choose it because:
- 98% patient satisfaction rate
- More than 5 million positive patient conversations
- Over $1 billion in resolved AR
- 5 million+ payments captured
8. Complete Billing Services, LLC
Although Complete Billing Services is located in Greenwood, Indiana, it has made it to our ‘Top 10 Medical Billing Companies in Indianapolis’ listicle because of its decent reviews and holistic approach to medical billing. Apart from insurance billing and follow-up, Complete Billing Services dedicates patient advocates to file accident and workers’ compensation claims.
Even if the claims are denied, the Complete Billing Services’ team does not give up the chase. They rework, resubmit, and follow up the claims until maximum reimbursement is received. Plus, the solutions are tailored to each client’s specific recovery needs.
Complete Billing Services’ workflows are Affordable Care Act (ACA) and Section 501 (r) compliant. So, choose this medical billing company in Indianapolis because:
- Legacy AR cleanup
- Dedicated client care
- Seamless system integration
9. Revele
If you are looking for another medical billing giant, then Revele will not disappoint you. With nearly 26 years of experience, Revele is leading the industry in healthcare reimbursement and technology. As one of the best medical billing companies in Indianapolis, it offers clients a chance to switch to the innovative eClinicalWorks ecosystem and leverage tools like V12 – a multidimensional EHR, Eva – the virtual assistant, and Kiosk – for efficient patient check-in.
Along with health IT solutions, Revele takes charge of medical billing and RCM. You can turn to its team for assistance in coding, denial management, and patient collections. The company also offers custom reporting by choosing, monitoring, optimizing, and submitting MIPS performance measures.
Revele’s leadership includes seasoned businesspersons, IT specialists, engineers, accountants, and health scientists. Together, they have ensured success for clients like Big Sky Dermatology and Advanced Gastroenterology. By choosing Revele, you can achieve:
- Over 10% cash flow increase
- Over 95% net collection rate
- Less than 37 days in AR
- 24-hour claim turnaround
10. Howard Medical Billing, Inc.
The last name on our ‘Top 10 Medical Billing Companies in Indianapolis’ list is Howard Medical Billing. Although the company is based in Avon, Indiana, it serves Indianapolis along with other cities like Brownsburg, Carmel, Danville, and Mooresville.
Howard Medical Billing was formed in 2000 by Jennifer Howard. It specializes in physician billing and RCM. So, from data entry to electronic claim filing and patient statements to claim resolution, Howard Medical Billing can handle it all.
Information like the specialties it serves, EHR systems that it is compatible with, and certifications that it has acquired through the years is unavailable on the official website. However, we do know that Howard Medical Billing’s team is trained and locally stationed. By selecting this medical billing company in Indianapolis, you can enjoy these benefits:
- A free consultation
- Fast billing turnarounds
- Higher client collection rates
- Increased financial stability
Comparing the Best Medical Billing Companies in Indianapolis
Drafting this list of top-rated medical billing companies in Indianapolis was not an easy feat. We employed methodologies like comparative analysis, performance metric benchmarking, and criteria-based scoring to shortlist the 10 best medical billing companies in Indianapolis.
Our search began at Google My Business (GMB) local listing. From that list, we picked only those Indianapolis medical billing companies that had good reviews and ratings. Each company was individually researched and analyzed based on metrics like industry experience, billing expertise, specialties served, technology solutions, client testimonials, key statistics, and certifications. Based on these criteria, we scored the companies and picked the 10 best ones for detailed discussion.
We hope our hard work will enable you to find the best medical billing company in Indianapolis for your practice’s revenue transformation.
