Results-Driven Hospital Billing Company
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Hospital Billing Services We Offer
Save money on salaries, training, and supplies by outsourcing! The shortage of skilled administrative staff and the rising inflation have severely impacted the healthcare industry. Many hospitals invest a lot of time and money to maintain an efficient in-house billing department. But why spend so much on staffing when you can join other successful practices in decreasing your billing-related costs by nearly 17% through outsourcing?
MediBill MD guarantees remarkable savings while providing the best quality hospital billing services. We use streamlined processes and systems to handle your billing. Our dedicated billing, coding, and denial management teams are trained to stay updated with the latest regulations and payer requirements. We help you with:
Common Challenges in Hospital Billing
On average, small hospitals make 30 billing mistakes each week. Did you know that coding errors alone account for 63% of the mistakes? The rest include typos, incorrect patient information, and inconsistent documentation.
Hospital billing is not a piece of cake. It is, in fact, more complicated and time-consuming than average medical practice billing primarily because hospitals have multiple departments, each offering a wide range of services. As a result, they are more prone to billing errors and face coding, coverage, and compliance issues. You can only minimize these mistakes by understanding the most common hospital billing challenges.
High Volume of Claims
Since hospitals treat numerous patients with varying insurance plans, they have to deal with large volumes of claims, thousands of claims each week, to be more specific. Each service or treatment requires a separate insurance claim, leading to overworked hospital staff, which results in billing mistakes and payment delays.
Coding Mistakes
While computer-assisted coding is gaining prominence, human coders still make up a large percentage of the hospital billing workforce. Unfortunately, most hospitals lack coding experts. Therefore, they make coding mistakes due to changing requirements, complex situations, and incorrect data entry, leading to payers denying their claims.
Compliance Issues
Hospitals must comply with numerous regulations, including HIPAA and the HITECH Act, to maintain their integrity. Moreover, insurers are increasing their demands with time, often requiring detailed documentation about a patient’s condition and corresponding procedures. Hospitals find it challenging to keep up, resulting in compliance issues and payment delays.
Lack of Trained Staff
In-house billing teams should stay up-to-date with the latest coding systems, such as CPT, ICD-10, and HCPCS. They must also be familiar with technological advancements, including EHR/EMR, and be able to adapt to changes. In short, hospitals need to train their staff regularly to avoid billing errors and claim denials.
Why Choose Us for Hospital Billing Services?
Is your billing department struggling with claim rejections? Let MediBill MD recover what is rightfully yours! While coding and documentation may seem manageable for small practices, they can easily overwhelm any hospital's administrative staff. At MediBill MD, we don’t just manage your revenue - we improve it so you can focus on rendering quality patient care.
Our hospital billing services are designed to guarantee your desired results, from reviving your cash flow to decreasing preventable billing mistakes, including typos and incorrect patient information. Choose us if you want to transform your billing challenges into revenue-driving opportunities.
Make your hospital billing simple and profitable! With decades of experience, we address and resolve your unique billing challenges efficiently. Our experienced billing and coding experts can adapt to all changes, including regulatory and coding updates.
Stay within your budget and know exactly what you are paying for! You can acquire our services for a flat 1% rate for the first month. At MediBill MD, we guarantee straightforward pricing and communication. Our team keeps you in the loop at every stage of your billing process.
Transform claim denials into approvals! At MediBill MD, we don’t neglect any opportunity. Our dedicated denial management team follows a strategic process to identify and address the root cause of your claim denials so you can receive what you deserve.
Address your specific needs with our solutions! At MediBill MD, we analyze your existing financial operations to identify all the gaps and customize our services to fit your requirements. Our billing team implements the most effective and efficient practices to maximize your revenue.
We are a trusted partner of many hospitals across the nation! So, whether you run a small specialty hospital in Wisconsin or a large acute-care facility in Florida, let us help you with your hospital billing needs. We deliver customized and effective hospital billing services anywhere and everywhere in the country. Contact us to access our support.
Are you struggling to find a company that offers hospital billing services outside of business hours? Contact MediBill MD for our dedicated round-the-clock billing support. From cardiology to dermatology and OB/GYN to pediatrics, our customer service specialists can answer your questions and queries across any specialty. We offer expert guidance at every step of your revenue cycle management process.
Lowest Prices Guaranteed
Hurry up! Our special offer is now live. Sign up today and start your journey toward growth with a flat 1% rate for the first month of service. At MediBill MD, we offer premier hospital billing services at some of the lowest prices available. Contact us to learn more about our pricing structure.
Get In Touch With Our Hospital Billing Experts
Need quick solutions? Our hospital billing experts are available 24/7 to resolve your issues. Talk to us, explore our end-to-end hospital billing services, and take your first step toward financial success.
FAQs
At MediBill MD, we are committed to providing tailored billing support to numerous hospitals in all 50 states. Our billing team is capable of managing complex billing cases, including medical necessity denials, in-patient and out-patient disputes, and coding complications. With a sole focus on improving your revenue, we provide round-the-clock assistance across all specialties. Plus, we guarantee no hidden charges and offer a flat 1% introductory rate.
We offer a seamless hospital billing process at MediBill MD. Here is how it works:
- We start with a thorough analysis of your existing operations to devise a customized strategy.
- Then, we proceed with patient registration and verification, including obtaining prior approvals.
- Next, our team captures all the services and procedures, assigns accurate codes, and maintains proper documentation to maximize your reimbursements.
- Then, we follow payer-specific guidelines to prepare and submit medical claims to appropriate insurance companies.
- After submission, we follow up with insurance companies to speed up the process.
- Once the payments are received, we post them accurately in the billing system.
- If a claim is rejected, our denial management team determines the reason and submits an appeal.
- After that, we handle the patient billing and follow-up process.
- We provide detailed reports and important insights into your financial process throughout the hospital billing process.
We usually charge 2 to 5% of your total monthly collections. However, there is currently a flat 1% introductory rate (for a month) on our hospital billing services to make them more accessible.
No, a hospital cannot bill for physician services. This is because physicians are independent of the hospital and bill for their services separately. Physician billing or professional billing is distinct from hospital or institutional billing.
No, hospitals cannot typically bill patients for denied services if they were deemed medically unnecessary by the insurance company and were not part of the insurance plan. However, you can challenge the denied claim if you feel the provided service was necessary for your patient’s treatment.
Yes, hospitals can bill for telehealth services like remote patient monitoring (RPM). However, there are certain rules. You can only claim reimbursement for those telehealth services deemed eligible by Medicare, Medicaid, and other private insurance companies. Moreover, keep in mind that the rules may vary depending on your patient’s location.
No, a hospital and a contracted doctor cannot bill for the same service, as insurance companies will deny such claims for being duplicates.
Only the attending physician who oversees the discharge services can bill for them.
