Chicago, the Windy City, is one of the top 20 metros in the USA for healthcare. According to Healthcare Insider, Chicago ranked 9 on the list with a score of 52.87 on a 100-point scale for healthcare cost, access, and quality. It was also named the best city for the cost of an average colonoscopy.
With a population of approximately 2.664 million, Chicago is home to 136 hospitals and 35 integrated delivery networks (IDNs). However, to manage a high patient inflow and ensure accurate reimbursement collection for their services, healthcare providers need reliable medical billing companies in Chicago.
Luckily, several top-rated medical billing companies in Chicago are adept at simplifying the process and securing steady revenue for their partnered practices. We will be looking at the 10 best in this blog.
Top 10 Medical Billing Companies in Chicago
After careful research, comparative data analysis, and evidence synthesis, we bring you the top 10 medical billing companies in Chicago. Our selected 10 have established themselves as powerhouses in the healthcare revenue management industry and have the means to offer you unparalleled medical billing and practice management support in the years to come. So, take a look!
1. MediBillMD
With its nationwide reach and end-to-end billing and revenue cycle management (RCM) solutions, MediBillMD has become a trusted partner for various healthcare practices – small, medium, and large.
The company harnesses advanced health IT and a team of experts with years of industry experience to offer customized medical billing services across 50+ specialties. From curated provider credentialing to medical coding and denial management to RCM audits, you get it all.
Despite the fierce competition, MediBillMD has established itself as a top name among medical billing companies in Chicago. Its core strengths, like precision, efficiency, and commitment, make it stand out, driving its growth. So, if you want to capitalize on the promise of a 98% clean claims rate, 96% collection ratio, and up to 15% revenue growth, MediBillMD is the one to pick.
2. Inspire Medical Billing
Of all the medical billing companies based in Chicago, one that has truly inspired healthcare practices to reach for excellence is Inspire Medical Billing. With 50+ years of combined billing experience, Inspire delivers “high performance, quality customer service, and a state-of-the-art software platform,” reducing insurance claim bottlenecks.
Its team of AAPC-certified coders and billing professionals has extensive knowledge and experience with Medicare/Medicaid rules and regulations, HIPAA compliance, diagnostic and procedural coding, electronic claim submission, and accounts payable management. They can reduce AR days to 23, improve accuracy by up to 98%, and increase monthly revenue by up to 15%.
Inspire Medical Billing has been a partner of Advocate Health Care since 2020, Ascension since 2010, and the ACO of Chicago since 2009. You can choose Inspire for custom billing, integrated EHR, and account management solutions for as low as 2.9% of net collections.
3. Zee Medical Billing
Located just 12 miles away in a suburb of Chicago, Evanston, Zee Medical Billing provides comprehensive and customized healthcare management solutions to several specialties, including urology, oncology, and ophthalmology.
Like other top-tier Chicago medical billing companies, Zee Medical Billing is compatible with industry-leading software – Kareo, TherapyNotes, OpenPM, AdvancedMD, eClinicalWorks, providing exceptional credentialing, patient scheduling, auditing, and revenue cycle management support.
By partnering with Zee Medical Billing, you get over 13 years of industry experience, 99% customer satisfaction, and up to a 30% revenue boost. Moreover, the company is 100% HIPAA-compliant, and its active clients are experiencing up to a 99% clean claim rate. Zee’s dedicated account managers offer timely medical billing solutions, from patient registration to denial management, without any upfront costs. You can book a free demo or initiate your partnership for as low as 2.49% per month.
4. MedSwift Corp
The best billing companies in Chicago streamline complex billing processes to secure accurate reimbursements on time for their clients. Luckily, MedSwift Corp is one of them. Headquartered on N Francisco Ave, Chicago, a few blocks from Lake Michigan, MedSwift promises accurate medical billing solutions and transformed revenue cycles at flexible prices.
The company’s offerings include provider enrollment and contracting, e-scribing, dental billing, medical audits, practice management, and digital marketing. Be it small practices, large healthcare organizations, individual physicians, or managed hospitals, each one of MedSwift’s clients has experienced up to a 15% growth rate, 25% debt reduction, and a whopping 99% client satisfaction.
By leveraging best-in-class practice management software, like NextGen, CollaborateMD, and GoRev, MedSwift Corp delivers the best insights, critical analysis, and trouble-free billing solutions for revolutionized revenues.
5. Global Insights Solutions, Inc.
The next company on our list of ‘Best Medical Billing Companies in Chicago’ is Global Insights Solutions, Inc., or GIS. It is also located in one of Chicago’s suburbs, Elmwood Park, from where it delivers medical billing excellence throughout the contiguous USA.
The company has been in the business of medical billing since 1987. In these nearly four decades, GIS has established itself as a leader in medical billing, practice management, and health records management solutions. Moreover, GIS is a member of the Healthcare Billing & Management Association (HBMA) and a Better Business Bureau (BBB) accredited company with an A+ rating. It claims to increase revenue collections by up to 12% within the first year of outsourcing.
A range of medical specialties, including occupational therapy, OBGYN, podiatry, and geriatrics, can partner with GIS for core and value-added solutions like charge entry, medical coding, payment posting, EMR implementation, bilingual staffing, and FQHC expertise.
6. Spectrum Billing Solutions
Are you looking for a medical billing company in Chicago that can provide you with the latest business intelligence tools for real-time revenue monitoring and smart decision-making? Then, Spectrum Billing Solutions is what you need. Its interactive reporting dashboard consolidates data from multiple sources – patients, providers, and payers – giving insights into your billing workflows and revenue generation.
Moreover, you get a variety of custom billing solutions like eligibility and benefits verification, insurance claim creation and submission, patient statement creation and distribution, and in-depth reviews for streamlined revenue cycles and optimal financial growth.
If you envision becoming a data-driven medical practice where deep knowledge, innovative technology, and industry experience go hand-in-hand, consider partnering with Spectrum Billing Solutions. As “premier RCM experts”, they have the capability and tools to take your practice to the next level.
7. Precision Medical Billing Services
Headquartered in the suburb of Chicago, Northbrook, Precision Medical Billing Services was founded by Irina Martynova, an AHIMA-certified RHIT with a deep understanding of HIPAA-compliant medical billing and coding administration.
Like all the other top-rated medical billing companies in Chicago, Precision Medical Billing Services offers a range of solutions to streamline electronic claim submissions and improve revenue collection. The company serves the diverse needs of over 20 specialties, including behavioral health and dermatology practices, offering tailored solutions like credentialing, consulting, medical coding, and reporting.
The biggest advantage of partnering with Precision Medical Billing Services is its transparent and affordable pricing. With a 4% sliding or flat fee billing, you can experience up to a 98% net collection rate and 25% fewer claim denials.
8. EZDDS Billing LLC
Another prominent name on our ‘Top-Rated Medical Billing Companies in Chicago’ list is EZDDS Billing LLC. It claims to be the “all-in-one dental billing service provider” for solo and group dental practices in Chicagoland.
Ranging from dental credentialing to dental insurance verification and dental billing to A/R follow-up, EZDDS can manage all aspects efficiently. You can even get exclusive dental digital marketing support to promote your practice online.
EZDDS can help you file error-free claims on time for maximum profitability. It reduces AR days to less than 30 and offers specialized assistance on a month-to-month contract so you can efficiently manage your budget and utilize savings to scale your practice. Starting at only 2% of monthly collections, EZDDS provides tailored plans and solutions to small, medium, and multi-location dental practices.
9. Quality Medical Billing & Consulting LLC
If you are looking for a medical billing company in Chicago that can offer you affordability and quality all in one, then Quality Medical Billing & Consulting LLC (QMBC) is the one for you. It is lauded as one of the premier medical billing companies in Chicago, IL, primarily due to its state-of-the-art technology, no-contract end-to-end solutions, and a team of trusted, AHIMA-certified health information professionals.
QMBC increases its clients’ bottom line through its proven solutions, like medical billing and coding, telemedicine, consulting, and staff training, without any upfront costs or extra fees. The billing staff at QMBC diligently follows HIPAA security protocols to protect patient information while exchanging large datasets with patients, providers, and payers.
The best part? In 2022, DesignRush recognized QMBC as the ‘Top Medical Billing Company’. Today, it has a straight 5-star rating on Google My Business listings.
10. Great Lakes Billing Services, Inc.
The last name on our list of ‘Best Medical Billing Companies in Chicago’ is Great Lakes Billing Services, Inc. It exists under the umbrella of The Great Lakes Family of Companies alongside Great Lakes Medicaid, Inc., and Great Lakes Financial Services, Inc. For over 35 years, the corporation has assisted healthcare organizations in navigating the complexities of out-of-state insurance billing, especially secondary claim filing and Medicare crossovers.
By combining unrivaled human expertise and innovative technology, Great Lakes Billing Services, Inc. delivers full-stack revenue enhancement solutions, including patient eligibility verification, provider enrollment, inpatient/outpatient billing, and appeals filing.
Currently, the company manages credentialing and processes insurance claims for more than 65 hospitals across the USA. Its proprietary software can electronically import referrals, create customized reports, and integrate with the hospitals’ existing systems for seamless RCM.
Comparing the Best Medical Billing Companies in Chicago
If you are wondering how we shortlisted the 10 best medical billing companies in Chicago from a pool of dozens, let us inform you of the methodology we employed. We used Google My Business (GMB) listings for geo searching and narrowing down on the medical billing companies based in Chicago and its surrounding suburbs.
Next, we selected the ones that had positive reviews and a rating of between 3 and 5 stars. We clicked on every company’s website to view their offerings, client base, proven track records, testimonials, tools and resources, awards and certifications, and notable partnerships/memberships to gauge their industry standing and substantiate their high ratings and reviews.
The 10 best Chicago medical billing companies that were selected checked all our boxes and offered the ideal balance between technological capabilities and human expertise, all the while delivering exceptional results for their clients’ financial sustainability. We hope that by partnering with one of the billing companies in Chicago listed above, you will witness 360-degree revenue transformation.
