New Mexico is an underpopulated state, with just 17 people per square mile. This makes it one of the most rural states in the nation. Additionally, there are an estimated 1,607 active primary care physicians in the state. This means both patients and healthcare providers are limited, creating a challenging landscape for medical practices.
Even in the state’s largest city, Albuquerque, due to low patient volume, each denied claim means a significant revenue loss. That’s why many practices now prefer to outsource billing and revenue cycle management (RCM) to specialized medical billing companies in Albuquerque.
If your practice is in Albuquerque and you are struggling to find a reliable billing partner, look no further. We have deeply researched the local market and created a list of the 10 best medical billing companies in Albuquerque. So let’s start.
Top 10 Medical Billing Companies in Albuquerque
Discussed below are the 10 best Albuquerque medical billing companies.
1. MediBillMD
Although MediBillMD is based in Dallas, TX, we have listed it as one of the best billing companies in Albuquerque because it serves all 50 U.S. states, with a proven track record of successful clients and positive testimonials. The company holds a 4-star rating on Google and a 4.3-star rating on Trustpilot, which clearly demonstrates its credibility.
The company specializes in end-to-end RCM, from claims processing to aging AR recovery, with certified AAPC coders ensuring accurate CPT, ICD-10, and HCPCS coding for 50+ specialties. These solutions are backed by impressive stats like a 98% clean claim rate, a 97% first-pass ratio, and a 96% collection ratio.
The main medical billing services offered include:
- Medical billing and coding
- Provider credentialing
- Billing audits
- Denial management
- Credentialing
2. True Billing Tech
With over 10 years of experience and a track record of serving 100+ healthcare practices nationwide, True Billing Tech is one of the top-tier medical billing companies in Albuquerque. The company charges a competitive 2.99% of total collections, significantly lower than industry averages of 4-10%.
True Billing Tech’s expertise spans multiple specialties, and it has helped practices reduce operational expenses by up to 70% while increasing revenue by 30%. The company maintains 24/7 support availability and offers comprehensive credentialing solutions, making it a reliable choice. True Billing Tech’s reliability is evident from its 5-star rating on Google.
Key offerings include:
- Medical billing
- Credentialing
- AR management
- Practice audits
3. Prestige Billing
Prestige Billing Co. specializes in medical and mental health billing. The company provides weekly emails summarizing account status, addressing concerns, and outlining current week priorities. Prestige’s personalized approach includes pre-start meetings to understand specific needs and expectations, with a commitment to molding solutions to client requirements rather than forcing practices to adapt.
As one of the established Albuquerque medical billing companies, Prestige focuses on eliminating the stress of dual-job management for healthcare providers and also offers a free 30-minute consultation session.
Main solutions include:
- Medical billing
- Credentialing
- AR Cleanup
- Consulting
4. Mednet Medical Billing & Coding Services
Founded in 1985 by Scott Wood, Mednet brings four decades of experience to the medical billing industry. The company guarantees a 20-30% revenue increase for clients and maintains a 98% success rate in billing operations. The most impressive aspect about Mednet that we found is that the company’s management software can easily integrate with over 50 different EHR platforms.
Client testimonials report monthly savings of thousands of dollars compared to in-house billing operations, with significantly reduced collection costs. With a 4.5-star rating on Google and an A+ Better Business Bureau rating, Mednet represents one of the most experienced medical billing companies in Albuquerque.
Main offerings include:
- AR management and billing
- Coding analysis
- Provider credentialing
- EHR consulting and implementation
5. EZE Medical Billing Services
As one of the top medical billing companies in Albuquerque, EZE Medical Billing provides end-to-end billing and RCM. The company provides weekly progress reports, offering detailed breakdowns of accomplishments and improvement opportunities, enhancing productivity and client awareness.
Apart from other medical specialties, EZE Medical Billing specializes in workers’ compensation and durable medical equipment billing. This focused approach makes them a key contender in niche markets. The company also claims a 98% clean claims rate and a 90% denied claim recovery rate. In addition to this, EZE Medical Billing also guarantees a 50% drop in denials and a 37% reduction in cost to collect.
Main solutions include:
- Revenue cycle management
- Workers’ compensation billing
- Durable medical equipment billing
- Healthcare software consultation
- Document management
6. Medical Practice Billing, Inc.
Medical Practice Billing (MPB) has been advocating for physician practices for over 20 years. The company demonstrates proven results with 10-20% practice revenue increases while simultaneously decreasing accounts receivable by 10+ days.
Since 2003, MPB has assisted in opening and maintaining numerous private practices throughout New Mexico, offering contract negotiations and IPA development solutions. MPB’s 20+ years of offering billing support to urgent care, hospitalists, and private practices make it one of the top Albuquerque medical billing companies.
Key solutions offered include:
- Medical billing
- Charge entry
- Claims submission
- Patient statements
- Payment posting
7. Enchantment Medical Billing Specialists
Enchantment Medical Billing Specialists positions itself as a reliable and trusted partner, focusing on optimizing and enhancing revenue cycles to achieve peak profitability. Its dedicated team brings extensive experience in the medical billing industry, with a deep understanding of coding, compliance, and payer requirements.
The company emphasizes precision and care in handling billing processes, offering comprehensive guidance to healthcare providers for revenue optimization while reducing claim denials. Enchantment Medical Billing Specialists has an average rating of 3.5 stars on Google. Their current promotion includes 20% off for new clients, making them an attractive option. Even though Enchantment Medical Billing Specialists is a medical billing company in Albuquerque, it provides its solutions to the entire state of New Mexico.
Main offerings include:
- Medical billing and claims processing
- Provider credentialing
- Compliance and regulatory guidance
8. AllStar Billing Service
AllStar Billing Service is another company that earned a spot on our list of the ‘Top 10 Medical Billing Companies in Albuquerque’. The company has recently partnered up with NextGen (EHR and practice management software), which will allow it to provide better and more compliant billing support. AllStar Billing Service has a 4.3-star rating on Google, which adds to the company’s credibility.
Another aspect that makes AllStar Billing Service one of the best billing companies in Albuquerque is that it has an A+ rating on the Better Business Bureau, even though it is not accredited.
Key solutions offered include:
- Medical billing and coding
- AR management
- Financial transactions
- Invoice processing
- Payment collection
9. DIVIT Medical Billing + Coding
DIVIT Medical Billing + Coding operates as a physician-founded company providing comprehensive solutions for independent medical practices and hospitals. The company claims to deliver significant cost savings, with typical practices saving $38,016 annually compared to in-house billing operations. DIVIT’s pricing model includes 4% collection rate with no fluctuation based on workload, ensuring predictable costs for practices.
Additionally, the company guarantees claim submissions within 48 hours, accounts receivable under 35 days, and 24/7 support to its clients. This medical billing company in Albuquerque provides billing solutions to new practices, solo provider practices, dental practices, nurse practitioners, urgent care centers, long-term acute hospital care (LTAC), skilled nursing facilities, rehabilitation facilities, addiction clinics, nursing homes, and hospitals, covering all subspecialty practices.
Main offerings include:
- End-to-end revenue cycle management
- Accounts receivable recovery
- Virtual front desk assistance
- Telemedicine
- Prior authorization
10. D & M Billing Services
The last medical billing company in Albuquerque that is on our list is D & M Billing Services. The company holds a 5-star rating on Google. It has been serving New Mexico clients for over 13 years and maintains close relations with them, which is evident from the Google reviews.
D & M Billing Services is mainly focused on ABA therapy and assisted living billing. The company charges competitive rates without surprises, saving clients between $200 and $900 per month compared to other billing companies. D & M Billing Services believes in rapid problem resolution and maximum claim payment efficiency.
Main solutions include:
- Medical billing
- Claims processing
- Weekly, bi-weekly, or monthly reporting
Comparing the Best Medical Billing Companies in Albuquerque
Our team followed a thorough evaluation process to compile this list of the top 10 medical billing companies in Albuquerque, NM. Our experts evaluated each company on a 17-point checklist. The checklist included aspects like company size, specialties served, technological capability and compatibility, and the level of support offered.
Our selection process included the following steps:
- Examined only credible sources, such as official company websites, reputable business directories (e.g., Yelp, Crunchbase), and regulatory authorities.
- Analyzed transparency of services, genuine client feedback, HIPAA compliance, and claim acceptance rates.
- Focused on local presence in Albuquerque.
- Evaluated specialties catered to.
- Verified the presence of transparent pricing structures.
- Omitted companies without verifiable credentials or with unresolved issues in reviews.
