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Specialized Billing for Home Health Services
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Home Health Billing Services We Offer
Do you feel overwhelmed by the intricacies of home health billing? At MediBill MD, we designed a comprehensive suite of home health billing solutions to supercharge your practice's collections and minimize financial crunches, such as claim denials. We offer 100% HIPAA-compliant services that range from charge entry to payment posting and everything in between. Our dedicated team strives to increase our partnered practices' collections to 96%, reduce A/R days to less than 30, and increase revenue by up to 15%.
Are you wondering how we achieve it and what makes us different than other billing firms out there? We did industry research and collaborated with home health providers to understand their unique requirements and daily challenges. After careful consideration of the findings, we tailored our home health billing services.
Common Challenges in Home Health Billing
Are you tired of trying to match the pace of how frequently the individual payer requirements change or the multitude of reimbursement guidelines that must be followed? Unfortunately, the comprehensive documentation requirements set by insurance companies to justify the appropriateness and necessity of performed medical services make home health billing challenging to navigate.
If somehow you are able to overcome these two obstacles, you may fail to hire and retain the right talent or invest in their ongoing training due to low funds. Not having first-hand medical billing and coding knowledge makes it a nightmare to choose the accurate code and append it with the right modifier to ensure you receive your rightful reimbursements.
Complex Rules and Regulation
Navigating the ever-evolving payer requirements, state-related regulations, and coding guidelines is the biggest home health medical billing nightmare for home health practitioners. Missing any detail will result in non-compliance with these policies, leading to claim denials, payment delays, or even worse, financial penalties or legal lawsuits jeopardizing your reputation.
Documentation Requirements
Insurance companies demand accurate and detailed documentation to compensate you for performed services. However, it is a time-consuming process that may keep busy home health practitioners on their toes. Failing to ensure consistent and updated records may lead to payment delays, denials, or underpayment, impacting your revenue cycle.
High Denial Rate
Not implementing home health medical billing best practices, like compliance with payer regulations and state/federal policies, maintaining and facilitating adequate documentation, or avoiding coding errors, may lead to a high denial rate and a strained revenue cycle. Besides, addressing denials is costly, which further impacts your financials.
In-house Billing Expenses
Hiring certified home health billing and coding professionals is challenging, and retaining them is expensive. Hiring an in-house billing team requires purchasing costly infrastructure, leasing a place, and investing in the billing staff’s continuous training, which eventually takes a toll on your revenue cycle.
Benefits of Outsourcing Home Health Billing Services
We understand how difficult it can become to navigate home health billing complexities on your own without an in-house billing team to guide you. But what if you can leverage the expertise of professional billers and certified coders without hiring them on a per-month basis but outsourcing to them on a need-per basis for a mere percentage of your monthly collections?
All your documentation will be comprehensive, code selection and modifier usage will be spot on, denials will be resolved successfully, and account receivables will be reduced. Seems like a dream come true, doesn’t it? Well, you can experience all this in reality by outsourcing home health billing services to MediBill MD.
Connect with an experienced team of certified professional coders (CPCs) and billing specialists by outsourcing home health billing to MediBill MD. Our team is well-versed in coding and billing requirements and uses industry knowledge to select appropriate procedural codes and modifiers, helping you receive rightful reimbursements against your performed services.
At MediBill MD, we understand that documentation is key to getting your claims approved on the first try. Thus, our home health medical billing team ensures precise data management, including patient insurance and demographic details, leading to accurate claim submission and speedy reimbursement collection.
Most denials are avoidable. However, if they occur, we follow a systematic approach to resolve them. It begins with reviewing the denial code and any available remark codes to identify the reason and involves reworking and resubmitting the claim to get the cash rolling.
An unsteady cash flow can slow your home healthcare practice's success, but not if you outsource to MediBill MD. We manage account receivables by directly engaging with insurance companies. Our home health medical billing team monitors the claim status and follows up on unpaid payments, helping you experience a seamless cash inflow.
Offload your shoulders with the time-consuming process of charge entry and payment posting with our tailored home health billing services. Our team handles the entire medical billing workflow, from determining the payment (by reviewing the fee schedule) to generating and submitting claims while recording incoming payments from different payers.
We are empowering home healthcare practitioners in all fifty states of the USA, from Florida to Alaska and Maine to California, with our tailored home health billing services. Our team understands the varying reimbursement guidelines and billing rules in different states to ensure compliance. We make sure you receive rightful payments against your rendered care services without unnecessary delays or cuts.
Overcome Home Health Billing Challenges with MediBillMD
Home healthcare providers often find themselves stuck between providing quality care services to patients and claiming reimbursements. As a result, it leads to some challenging situations and an unsteady cash flow. However, with our home health billing solutions, you can transform all lows into highs!
| Common Home Health Billing Challenges | MediBillMD Solution | |
|---|---|---|
| Coding Errors | Our CPCs and home health medical billing specialists ensure coding accuracy and specificity. They are well-versed in different coding systems, billing guidelines, and modifier usage. | |
| Inadequate Documentation | We have a dedicated team for record-keeping to help you navigate the intricate requirements of home health billing. It ensures all documentation is comprehensive and justifies the appropriateness of care services. | |
| Policy Changes | Our team of specialists establishes open lines of communication lines with Medicare, Medicaid, and commercial payers to stay current on changes in home health billing billing requirements and reimbursement guidelines. | |
| Audit Risks | We invest in the ongoing education and training of our home health medical billing staff. So, they comply with industry standards and avoid wrongdoings that cause financial and legal repercussions. | |
Lowest Prices Guaranteed
Do you worry that outsourcing home health billing will reduce your net profit? It’s time to burst the bubble of worry because, at MediBill MD, we offer billing services at the most affordable rates.
Schedule a Consultation with our
Home Health Billing Specialist
Still deciding whether or not to get our professional home health billing services? Schedule a call with our billing specialist to rise above your concerns and make an informed decision about your practice’s financial well-being!
