You don’t take a one-size-fits-all approach with your patients, so why do the same with your revenue cycle? Every medical practice faces unique challenges that affect its cash flow. Pain management facilities are the same. With over 955 active physician groups and countless individual clinics across the USA, pain management is a growing specialty.
Unfortunately, as the demand for pain relief increases, so do the billing challenges. Many practices struggle with payment issues due to higher patient volumes and complex coding and insurance requirements. What if we tell you the secret to avoiding these problems? Outsourcing is the key! Let us introduce you to the top 10 pain management billing companies.
Top 10 Pain Management Billing Companies
Outdated practices, payment disputes, inaccurate coding, and missing patient information, anything can lead to a claim denial. Let’s be realistic! Despite all precautions, you can still face claim rejections because the billing process for pain management is not easy. That’s why many pain relief practices, clinics, and physicians are increasingly choosing to outsource medical billing.
But how do you choose one of the best pain management billing companies, and on what basis? We have made the choice easier by gathering a list of the top 10 pain management billing companies. These companies offer personalized solutions at affordable prices.
1. MediBill MD
Established in 2023, MediBill MD may seem like an unconventional choice, but it is the best pain management billing company in the U.S. for several reasons. It takes a more hands-on approach to resolving your issues. With competitive pricing and a modern perspective, MediBill MD’s pain management billing services are adaptable to changing regulations and insurance requirements.
The key strength of this company is its experienced and certified team of billers and coders. MediBill MD guarantees growth and success, providing exceptional support in all 50 states. The best part? It has the numbers to back its claims. So, if you are looking for a billing partner, choose MediBill MD for its 98% clean claim rate.
2. MedCare MSO
With a special emphasis on your growth, MedCare MSO is another top choice for outsourcing. With over a decade of experience, this company has a nationwide presence and offers billing software to nearly one million physicians in over 80,000 facilities.
MedCare MSO is well-known for providing comprehensive billing solutions to pain management practices. The best part? This pain management billing company handles everything, from prior authorizations and coding to claim filing and addressing claim denials, with exceptional accuracy.
So, are you looking to resolve your claims? Choose MedCare MSO to reduce your accounts receivable by 10% and improve your revenue by 30%.
3. Billed Right
Established in 2006, Billed Right was founded by two business partners to improve billing operations. Today, it is a trusted name in medical billing, with over 500 employees and a special focus on helping pain management practices.
With over 18 years of experience and countless success stories, Billed Right maintains its reputation as one of the best pain management billing companies by offering customized RCM solutions to its clients. These include prior authorization management, compliant coding, appeals for denied claims, and revenue recovery.
Billed Right has a successful track record, including billing $200 million in 2020. With a less than 1% error ratio, the company promises A/R reduction within 24 days and increases your collections by 94%. In short, you can trust Billed Right with your complex problems.
4. iRCM, Inc.
With over a decade of experience, iRCM is another name to consider. Based in New York, this company offers all-inclusive billing solutions to several types of pain management practices, including interventional, orthopedic, neuropathic, cancer, psychological, and pediatric pain management practices.
iRCM claims to be your ally in efficient billing, managing all the complexities while ensuring smooth financial operations. This leading pain management billing company addresses all the common challenges, such as coding accuracy, comprehensive documentation, and claim denials.
But do you know what really sets iRCM apart from others? Its HIPAA-compliant solutions, advanced technology, and a team of highly experienced AAPC-certified coders.
5. Invensis
Looking for timely reimbursements for nerve block treatments or interventional pain management? Invensis has the perfect solution! Trusted by more than 1,000 names, this pain management billing company guarantees prompt payments for various pain management treatments.
It excels in managing billing complexities and ensures accuracy through accurate coding, comprehensive insurance verification, and pre-authorization management. The company minimizes delays and claim denials by keeping up with payer-specific guidelines and insurance regulations, including those set by the National Correct Coding Initiative (NCCI).
With over 5,000 employees, Invensis guarantees a seamless revenue cycle and uses advanced technology to maximize your revenue.
6. Physicians Revenue Group
Overwhelmed with an increasing number of patients? Hand over all your billing tasks to the leading RCM provider – Physicians Revenue Group (PRG). With a team of over 5,000 experts, this company helps countless healthcare providers achieve financial independence. PRG offers customized billing solutions for multiple specialties, including pain management.
In fact, its deep understanding of pain management billing challenges and requirements sets it apart from others. PRG specializes in obtaining timely payments for complex pain relief procedures and treatments, including chronic pain management.
Its dedicated billing team accurately captures all the patients’ information and guarantees timely insurance verification and claim submission. PRG improves your revenue cycle via in-depth claim denial analysis and proactive A/R follow-up, making it one of the best pain management billing companies in the U.S.
7. MD Syhealth LLC (SybridMD)
MD Syhealth LLC, popularly known as SybridMD, is a trustworthy pain management billing company. Founded in 2009, the company serves 100+ practices in 22 states. With more than five decades of collective experience in RCM, SybridMD is also a top choice for pain management billing.
Its experienced team maximizes your revenue and reduces your administrative burden. The company is known for its highly compliant pain management billing solutions, which include manual coding and effective claim submission. SybridMD is considered one of the best pain management billing companies because of its seamless EHR integration, strict data security, transparent communication, and round-the-clock support.
Simply put, SybridMD streamlines your workflow and improves your practice’s productivity by 48%. Don’t have the time to file appeals? Choose this company for its proactive denial solutions.
8. Physicians Group Management
Looking for a pain management billing company that offers real-time insights into your performance? Physicians Group Management (PGM) is your answer! Founded in 1981, PGM is known for its comprehensive and tailored medical billing and practice management solutions, covering every stage of your revenue cycle.
With over four decades of experience, the company covers over 30 specialties, including anesthesiology and pain management. PGM’s team expertly handles pain management’s unique challenges, such as timely documentation, application of complex modifiers, and specific coding requirements. In short, it helps practices avoid over and underbilling errors.
The best thing about PGM is that it provides valuable information about your practice’s financial health and operations via advanced practice management software.
9. Integrity Practice Solutions
Integrity Practice Solutions (IPS) is the top pain management billing company for independent practices. Although IPS has a nationwide presence, it primarily focuses on five states – Michigan, New York, New Jersey, Florida, and Texas. The company has helped countless physicians since 2011 and is known for its excellent billing solutions and customer care, including in-person visits.
IPS excels in pain management billing, covering all areas, including doctors’ professional services, ambulatory surgery center billing on UB-04 forms, complex urine drug screening, and helps in-network, out-of-network, and hybrid practices. It also addresses the unique billing challenges of conventional treatments like physical therapy and chronic care management.
The company guarantees compliance through accurate coding and education. The best quality of IPS is that it works with law firms to follow up on litigation and arbitration cases, helping you avoid audits and claim denials.
10. Precision Practice Management
Do you need a skilled billing partner who handles everything, including server deployment? Precision Practice Management (PPM) is the perfect choice! PPM is recognized for its advanced technology, all-inclusive billing solutions, and extensive revenue cycle management expertise.
This pain management billing company supports healthcare organizations of all sizes, including single-physician practices and large hospitals. Known for its specialized knowledge and expertise, PPM helps you avoid denials by thoroughly scrutinizing insurance policies and filing accurate claims.
Its AAPC-certified coders maximize your reimbursements by staying updated with both Local and National Coverage Determinations (LCDs & NCDs) – decisions made by MACs determining Medicare’s coverage. PPM offers tailored EHR implementation and provides various IT and support services, like security risk assessments, to improve your pain management practice’s security and operations.
How to Choose the Best Pain Management Billing Company?
Claims denials are a problem! Insurance companies don’t need multiple reasons to deny your claims. They can reject your payment requests for minor mistakes. That’s why outsourcing is the better alternative to managing everything by yourself.
But how do you select the best option from a never-ending list of pain management billing companies, each making grand promises of success? The answer is simple! Start by identifying factors important for your practice’s financial growth. Review our list of companies and choose the one with better customer reviews, industry experience, and expertise. Make sure that your chosen name has a certified billing and coding team that stays updated with changing regulations.
You can trust our recommendations. We have compiled the industry’s best names after meticulously reviewing their reputation, client testimonials, scope of service, and availability.
