The Tampa metro area has a significant healthcare presence. The web directory reveals 37 hospitals and primary care facilities in cities like Tampa and St. Petersburg. These facilities employ nearly 70,000 people and generate over $13 billion in annual revenue. These statistics highlight the magnitude of healthcare in Tampa and the need for outsourcing medical billing to ease the burden.
As time passes, new medical billing companies in Tampa enter the scene to seize the opportunity. However, this abundance of options often leaves healthcare practices and physicians struggling to identify the right partner.
Thus, we handpicked the top 10 medical billing companies in Tampa, FL, saving you time and effort.
So, without further ado, let’s get started!
Top 10 Medical Billing Companies in Tampa
The following are the 10 best medical billing companies in Tampa that we shortlisted after careful consideration:
1. MediBillMD
Ever dreamt of experiencing the ultimate revenue transformation? With MediBillMD’s medical billing services, it can become a reality. It is the top medical billing company in Tampa because of its reputation and credibility.
The company exclusively hires certified professional coders (CPCs) to empower practices across 59 specialties. Its tailored solutions range from medical coding and billing to denial management and credentialing to revenue cycle management (RCM).
MediBillMD’s impressive certifications, including HIPAA, AAPC, AAHAM, CRCR, and ISO 9001, and outstanding ratings across leading platforms validate its excellence. It has a 4.9 rating on TrustPilot and a 4.8 rating on Clutch and GoodFirms.
You can experience a 97% first pass rate, a 10-15% revenue increase, a 98% clean claim rate, and 96% collection ratios by partnering with MediBillMD.
2. MGSI, LLC
Medical Group Services or MGSI, LLC, is one of the few medical billing companies in Tampa, FL, that is BBB-accredited with an A+ rating. It is also a member of the Florida Physicians Alliance (FPA), and its solutions are 100% HIPAA-compliant.
With MGSI, expect superior financial performance: a 95% first-pass claims acceptance, 96% of claims paid in 30 days, and an impressive 99% collection rate.
It has more than three decades of industry experience, and over the years, it has served 600+ providers across 24 specialties. These include ENT, podiatry, psychiatry, and sleep study centers.
Its offerings include medical coding and billing, fee schedule evaluations, contract management, A/R recovery, eligibility verification, and RCM.
3. Physicians Independent Management Services
Do you fear audits due to past bad experiences with billing companies in Tampa? Physicians Independent Management Services (PIMS) guarantees 100% audit protection.
In business since 1998, PIMS has highly trained 100+ members managed by an exceptional team with many years of diversified medical billing and healthcare RCM experience. The company’s expertise lies in providing medical billing, contract negotiation, medical coding, practice management, laboratory software, and medical transcription solutions to a select few specialties.
The specialties it caters to include anesthesiology, hospitalists, clinical laboratory, dermatology, neurology, pathology, radiology, cardiology, cardiovascular, and thoracic surgery.
PIMS’s client experiences are also highlighted on the website homepage. Besides, you can always schedule a call to inquire more about its offerings.
4. DAS Health
With a workforce of over 300 health experts and over 23 years of combined industry experience, DAS Health has managed 30,000+ endpoints.
It serves enterprise health systems, senior care, small, mid-sized, and large practices. Besides, it has a Google rating of 4.9 based on 296 reviews. You can check out these reviews to understand more about its capabilities.
Unlike other Tampa medical billing companies, it provides diverse solutions, from cloud hosting and cybersecurity to identity management systems (IMS) and managed IT services. It also offers practice management software, electronic health record (EHR) systems, and revenue cycle management solutions.
There are also case studies and on-demand webinars on the website that you can leverage to gain industry insights. However, the number of specialties it serves is unknown.
5. Competent Billing
The next entry in our ‘Best Medical Billing Companies in Tampa’ listicle promises you ‘Peace of Mind’ as it offloads your shoulders from the billing intricacies. It primarily caters to pain management, physical therapy, chiropractic, and acupuncture practices.
Competent Billing’s solutions are 100% HIPAA-compliant and include complete revenue cycle management, personal injury and workers’ compensation billing, and credentialing.
If you are looking for a localized medical billing company in Tampa, Competent Billing delivers the tropical touch with a 100% Tampa-based team.
However, the website clearly states that it takes only a limited number of clients to maintain exceptional personalized service. Thus, you must schedule a call with its representative to inquire about availability.
6. PracticeForces
Although based in Clearwater, Florida, PracticeForces has made it to our list of ‘Top 10 Medical Billing Companies in Tampa, FL’ due to its vast West Florida-based clientele. It takes pride in being a woman-owned business.
Recently, PracticeForce completed 20 years in the industry with a workforce of 400+ ROI-focused professionals. Over the years, it has served 500+ healthcare providers and billed $500+ million annually.
Its core competencies include clean A/R, lower denial rate, efficient processes, skilled team, monthly reporting, and competitive pricing. Besides, it claims to boost revenue by 15-40%.
This medical billing company in Tampa offers services for as low as 2.99% of your monthly collections. It supports practices across 42+ specialties, including speech therapy, radiology, vascular surgery, and ENT, with its tailored solutions.
7. Emotive Medical Solutions
Emotive Medical Solutions (EMS) is an established, family-owned, family-operated medical billing company in Tampa with over two decades of industry expertise and 15 staff members. It recovers $20 million annually on average for its partnered healthcare businesses.
Its offerings encompass comprehensive RCM, credentialing, operational and practice management evaluation, and ensuring HIPAA, FIPA, and HiTech Compliance.
Unlike other medical billing companies in Tampa, FL, EMS mentions its fee upfront. It charges a flat 4-9% on your monthly collections. Besides, it offers two distinct packages. The ‘Basic’ package focuses on patient collections, while the ‘Comprehensive’ package handles the entire RCM.
However, if we compare its rate with the industry standard, it leans slightly higher. Covered specialties are not mentioned on the website.
8. Ascendant Medical
How did Ascendant Medical earn a spot in the ‘10 Best Medical Billing Companies in Tampa’ guide? Because of its three core competencies: First, it tailors solutions to meet each practice’s unique needs. Second, it implements proven strategies to reduce denials and accelerate payments. Third, it offers expert insights, data-driven analytics, and reporting.
Are these three not the selling points you are looking for in your billing partner? The company also guarantees 100% compliance, 3x faster payments, and a 98% clean claim rate.
Other than medical billing, its solutions include physician credentialing, revenue recovery, denial management, A/R management, analytics, and reporting.
Details about the covered specialties are missing on the website, but you can easily schedule a call to acquire more information.
9. Physicians Choice
If ‘excellence’ is what you seek in medical billing, this pick from our ‘Top 10 Medical Billing Companies in Tampa, FL’ will excite you! Physicians Choice has been empowering healthcare providers across all specialties since 2015.
It is a BBB-accredited business with an A+ rating. Besides, its solutions range from full-service medical billing and coding to credentialing, consulting, and contract negotiation.
Physicians Choice started providing exceptional services from Tampa, but in 2020, it relocated its office to St.Petersburg. However, that did not stop the firm from serving healthcare facilities in the culturally rich cities across Florida’s Gulf Coast.
Its notable affiliations include the American Medical Billing Association (AMBA), Wells Fargo, and Bank of America.
10. Excel Medical Billing
Do you want to reduce expenses, streamline workflows, and speed up collections? If yes, then Excel Medical Billing is the best choice for your practice. Even though its main office is in St. Petersburg, Excel Medical Billing has been a leading medical billing company in Tampa for over two decades.
It won the ‘Best of St. Petersburg Award’ in 2022. This award celebrates and identifies businesses exhibiting exceptional success within their local community and business category.
The company’s full suite covers code optimization, claim scrubbing, electronic claim submission, customized reporting, practice management, healthcare contracts negotiation, and Medicare financial impact analysis.
Its notable clients are from 14+ specialties, including gynecology, urgent care, anesthesiology, and oncology.
Comparing the Best Medical Billing Companies in Tampa
Are you wondering what methodology we followed while shortlisting the 10 best medical billing companies in Tampa? We handpicked these based on several factors.
Expertise & Legitimacy
We first assessed their industry expertise and workforce to ensure they are legitimate firms. Because there can be fraudsters out there trying to steal the PHI and other confidential data. So, you must be wary in the hunt to find the best billing partner.
Certifications & Ratings
Next, we checked certification and accreditation, like BBB, AAHAM, CRCR, AAPC, and ISO. Besides, the ratings on platforms such as Google, Clutch, GoodFirms, and TrustPilot also say a lot about a business and its credibility.
Specialties & Services
Then came the number of specialties the firm caters to and the services it offers. We understand some of you want a comprehensive solution rather than just outsourcing medical billing. Besides, different specialties have unique billing requirements. So, you cannot generalize medical billing. That was the main point of looking into this factor.
Performance & Proof
Moving forward, we also looked for their performance metrics, such as the clean claim rate, first-pass rate, and collection ratios, to gauge what the firm claims to offer you. Also, we looked for success stories and client testimonials.
Yes, looking into all these factors takes a lot of time. But, it must be done carefully to ensure you do not have to divert your focus from providing quality patient care.
