Enhance Efficiency with Our Medical Coding Services
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Why Choose MediBill MD for Medical Coding Services
Are you looking for an ultimate medical coding solution to help your healthcare practice become profitable with timely reimbursements? If yes, you have come to the right place!
Here, at MediBill MD, we have tailored our medical coding services to help practices of all sizes and specialties realize their rightful financial success without falling victim to unnecessary payment delays and claim denials.
What’s more? Accurate coding, streamlined efficiency, compliance, and transparency are the building blocks of our services, ensuring coding relevancy and quick reimbursements!
Streamlined Efficiency
Our team is trained in leading coding software, ensuring efficient and timely claim processing, and streamlining the coding process for your healthcare facility.
Accuracy and Expertise
We house a team of certified medical coders with industry-recognized certifications. Besides, our coders are well-versed in current coding systems, such as ICD, CPT, etc.
Enhanced Revenue Cycle
At MediBill MD, our team strives to optimize your healthcare organization’s revenue cycle by ensuring accurate coding and adhering to the filing timeline specified by the relevant payer.
Reduced Delays and Denials
We have rigorous SOPs in place, ensuring accurate coding, appropriate use of modifiers, increasing the chances of first-pass rate, and reducing delays or denials.
HIPAA compliance and Data Security
Our team of medical coders understands the significance of complying with HIPAA and safeguarding patient information. Thus, we have stringent data security standards.
Peace of Mind and Transparency
Our team understands the importance of transparency, facilitating you with detailed performance reports and records related to your practice, so you can focus on your core activities.
Benefits of Outsourcing Medical Coding Services
Coders must stay current on any changes in the state and federal regulations and requirements related to the coding systems. By outsourcing medical coding, you get access to coders certified by AHIMA and AAPC.
Having in-house coders limits your ability to adapt to changing workloads. However, with outsourced medical coding services, you are never over or short-staffed. They let you scale up or down based on the work volume.
Hiring certified coders is costly, and the investment required for their ongoing training is a different story altogether. However, you can access professional coders without breaking the bank by outsourcing medical coding services.
Safeguarding patient information and compliance with regulatory standards is a concern for all healthcare organizations. You can offload this burden by outsourcing medical coding services, as professional firms employ rigorous data security and compliance measures.
Handling healthcare coding in-house diverts your time and resources from core patient-facing activities. However, outsourcing medical coding services enables your staff to provide patient care and satisfaction, increasing your chances of spreading positive word-of-mouth.
Nationwide Medical Coding Solutions
Whether you are running an individual practice in Hawaii or have a multi-specialty healthcare facility to look after in Alaska, we at MediBill MD offer unmatched medical coding services to healthcare organizations across all 50 states of the US.
So, without pondering whether we are available in your state or not, you can connect with our representative to outsource medical coding and start seeing a positive DIFFERENCE in your collections.
Eliminate Medical Coding Errors with MediBill MD
Medical coding errors can negatively impact a healthcare facility’s financial health and make it challenging to remain operational. On average, hospitals in the USA lose 3-5% of their revenue each year due to errors in medical coding.
Inaccuracies and inconsistencies in coding may also lead to legal issues or financial penalties, tarnishing your practice’s reputation.
Here are common coding errors and how MediBill MD can help you steer clear of them.
| Common Medical Coding Errors | MediBill MD Solution | |
|---|---|---|
| Inaccurate Diagnosis & Procedure Codes | Our team of medical coders is well-versed in the latest coding systems and guidelines, utilizing advanced tools with built-in checks to minimize coding errors and inconsistencies. | |
| Missing information | The team rechecks superbills and claims to ascertain that all the provided information is correct and complete before the final submission. | |
| Unbundling Services Leading to Duplicate Billing Errors | Our certified coders know the concept of service bundling and only bill for those services separately that are eligible for separate payments. | |
| Coding for Non-covered Services | Our team diligently verifies the patient’s eligibility before coding and advises on alternative services covered by the insurance plan to avoid denials and payment delays. | |
| Missing Modifiers | Our medical coders are trained on the appropriate usage of modifiers and understand the specific requirements of reporting different procedures to ensure quick reimbursements. | |
From cardiology to dermatology and orthopedics to nephrology, we have medical coding specialists trained and experienced in unique coding and documentation guidelines for over 45 specialties.
Got a query? We have customer support representatives ready to assist you around the clock. Reach out to them for all your concerns related to medical coding services for your particular specialty.
Our Medical Coding Process
Do you want to know how our medical coding solution works? We have designed it to ensure accuracy and completeness so you receive your rightful reimbursements against your rendered procedures or services. It is a six-step process that starts with gathering information and ends with reporting.
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1. Information Retrieval Analysis
Our medical coding process starts with collecting patient information, such as medical records, clinical notes, and other relevant documentation from the healthcare facility to initiate the coding process.
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2. Assigning Coders
Once we have all the necessary data, we assign a medical coder best suited to handle a particular specialty to ensure error-free assigning of diagnosis and procedure codes.
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3. Quality Assurance
Ensuring accuracy is one of the essential elements of our medical coding services. After assigning the relevant codes to the provided services, we double-check the documentation for accuracy and completeness.
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4. Documentation Feedback
Our team connects with the provider if there are informational gaps or inconsistencies in the documentation. This feedback loop facilitates seamless documentation workflow and accurate coding.
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5. Code Submission
Once all the coding requirements are fulfilled and reviewed by the experts, the codes are submitted electronically to the relevant clearinghouses and insurance companies. We handle the submission process to expedite payment collection.
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6. Reporting and Analysis
Another component of our medical coding services is providing regular updates and detailed reports to the healthcare facility or provider regarding the coding performance to help them make data-driven decisions and improve the revenue cycle.
Affordability is our vital sign! Our medical coding services are designed to reduce healthcare organizations’ operational costs. We handle coders' training/ certifications and software subscriptions, so you don’t have to worry about setting up costly infrastructure.
Price Comparison Calculator
Based on your annual collections, we will calculate the in-house medical billing cost and compare it with the MediBill MD service charges.
Our results speak for ourselves! MediBill MD is a well-trusted name in the industry. Our healthcare billing specialists optimize the revenue cycle of over 300 verified practices.
Get In Touch with a Medical Coding Specialist
Are you looking for a medical coding specialist well-versed in your specialty’s coding guidelines and revenue cycle management? MediBill MD houses a team of certified professional coders ready to serve you!
FAQs
Medical coding is the process of transforming diagnosis, medical services, equipment, and procedures into universal alphanumeric codes.
A medical coder translates a physician's diagnosis notes and prescriptions into corresponding universal alphanumeric codes.
Medical coding is a crucial element of the healthcare industry. It translates patient's diagnosis and treatment information into universal alphanumeric codes that medical professionals and insurance payers can understand. These codes are then used to generate and submit claims for reimbursement against the rendered care services.
At MediBill MD, we prioritize staying current on healthcare coding guidelines and standards by employing only certified professional coders (CPCs), investing in ongoing training programs, and following industry best practices to ensure compliance and reduce denial risks.
Yes, we take the security of your patient’s protected health information (PHI) seriously, adhere to HIPAA regulations to safeguard your patient information, invest in employee training on data security protocols, and perform regular audits to identify and rectify any vulnerabilities.
It stands for hierarchical condition category. It is a risk-adjustment model containing medical code sets linked to specific clinical diagnoses. It is used to estimate the cost of healthcare for patients.
Evaluation and management (E/M) coding helps maintain the productivity and efficiency of a healthcare facility and encompasses CPT codes ranging from 99202 to 99499. E/M covers services provided by a physician for evaluating or managing patient health.
PCS represents the procedural codes in the ICD-10. They are specifically for coding services for inpatient and hospital settings in the US. Contrarily, ICD-10-CM codes are for clinical and outpatient settings in the US.
The ICD-10-PCS has around 87,000 codes, while ICD-10-CM has around 68,000 codes.
Clinical indicators cover all relevant documentation, including test results, imaging studies, treatment plans, etc., supporting a diagnosis and establishing the presence of a medical condition.
There are 42 functional G-codes and 14 functional code sets, with each set having three different types of codes. You can use these codes to report the beneficiary's functional limitations, current status, discharge status, or projected goal status.
These codes can help identify issues related to preventive healthcare services, suggesting whether a patient is a current carrier or has residuals from a past disease.
Place of Service (PoS) or service codes are two-digit codes used on a medical claim to identify the type of facility at which care services were rendered.
Modifiers are often used with CPT codes to provide additional information to the insurance payer regarding the rendered care services without changing the meaning of the code.
The status codes assigned to HCPCS by CMS identify whether a particular code is eligible for separate payment, bundled into another service, or not eligible for separate payment by Medicare.
