Results Driven Internal Medicine Billing Solutions
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Overview of Internal Medicine Medical Billing Services
Do you have more work than time in a day? Internal medicine might be a versatile field, but it has intense demands. Internal medicine specialists, also known as primary care physicians, manage a broad spectrum of conditions and often collaborate with other specialists. This approach presents unique billing challenges, including significant time constraints.
We have the perfect treatment plan for your internal medicine billing problems! At MediBillMD, we simplify your financial problems in several ways. Our comprehensive billing solutions, supported by experts, deliver excellent outcomes. Our services include:
- Precise Coding
- Insurance Verification
- A/R Management
- Patient Billing and Collections
- HIPAA Compliance and Documentation
- Consistent Support
Common Challenges in Internal Medicine Medical Billing
Are you struggling with confusing coding requirements, diverse insurance policies, and a high volume of unprocessed claims? Unlike other specialties, internal medicine is not focused on a specific area. Instead, it combines multiple specialties to provide comprehensive care to patients with internal diseases. As a result, the billing process for internal medicine is quite different and includes codes from other fields of medicine.
Moreover, specific documentation and frequent regulatory changes create additional complications. All these internal medicine billing challenges lead to claim denials, underpayments, increased workload, and decreased efficiency, affecting the daily operations of your practice.
High-Volume of Claims
Internists provide care to a broad range of patients, offering them diagnostic and preventive care and treating their internal diseases. As a result, they submit a high volume of medical claims to different payers. However, this is a time-consuming process and often results in billing errors.
Annual Coding Modifications
The second biggest challenge is to maintain coding accuracy. Due to a broad range of internal medicine services, coding is already a complicated process. It becomes even more difficult with frequent modifications. Internists find it challenging to keep up with these changes and often use inaccurate or outdated codes.
Varying Insurance Plans
Dealing with many patients also means verifying multiple insurance coverages. This includes reviewing pre-authorization requirements and reimbursement rates to satisfy every insurance obligation. Internal medicine specialists usually struggle with this verification process. As a result, they frequently file claims for non-covered services.
Coordination of Care Documentation
Internal medicine highly depends on collaboration. However, billing for coordinated services requires precise documentation and coding. Due to time constraints, primary care physicians fail to maintain comprehensive referral documentation, leading to billing errors and claim denials.
Outsource Internal Medicine Billing Services to MediBillMD
Let MediBillMD clear your path to quick reimbursements! Internal medicine’s billing process is a maze of complications, full of confusing to downright overwhelming requirements. Instead of overburdening your staff, choose a reliable internal medicine billing company for your practice.
We understand that with regular consultations and routine check-ups, most internal medicine specialists don’t have enough time to maintain patient documentation or become coding experts. Therefore, we are here to fill your revenue gaps. You can trust us with your internal medicine billing process for the following reasons.
You can rely on our successful track record! Our results highlight everything. At MediBillMD, we have successfully filed thousands of 100% HIPAA-compliant clean claims. We guarantee a 96% collection rate and have reduced our partners’ accounts receivable (AR) days to less than 30.
Grow with confidence! At MediBillMD, we offer scalability, allowing you to optimize your resources. So, whether you are receiving a large number of patients or offering new services, our scalable internal medicine billing solutions can keep up with your growth.
Stop worrying about coding updates and errors! At MediBillMD, we guarantee over 90% accuracy in coding. Our AAPC-certified coders leave no room for mistakes and can code all the provided internal medicine services according to the current standards.
Revive your practice’s cash flow! At MediBillMD, we reduce the stress of internal medicine billing by managing your entire revenue cycle, from initial patient registration to final payment collection and posting. Our team capitalizes on every opportunity, so you receive every penny you deserve.
Experience billing excellence! As specialists in internal medicine billing, we are familiar with the best practices and unique challenges. Our team can easily code across multiple specialties. We reduce billing errors through our up-to-date knowledge of coding, payer, and regulatory requirements.
From the bustling cities of California to the remote areas of Wyoming, our internal medicine billing services are available across all states. Our remote and virtual operations are governed by your state's laws to maintain the highest level of quality and regulatory compliance.
So, wherever you treat patients with internal diseases in the US, contact us for our scalable medical billing solutions and resolve your unpaid claims.
Overcome Internal Medicine Billing Challenges with MediBillMD
We transform your billing challenges into opportunities! At MediBillMD, we take a personalized approach to address your needs. Our specialists start with an initial meeting to understand your practice's needs and then guide you to the appropriate solutions. We make sure that your primary focus remains your patients while we work to reduce coding and billing errors. Here is how we overcome the most common internal medicine billing problems.
Common Internal Medicine Billing Challenges | MediBillMD Solution | |
---|---|---|
Inaccurate Coding (for example, using 99214 for initial evaluation) | Our coders are certified by AAPC and are proficient in internal medicine coding. | |
Submitting An Immunization Claim (CPT code 90741 or 90742) to Medicare Without Verifying the Patient’s Coverage | We check and update every patient’s insurance frequently to make sure our records are accurate before filing any claim. | |
Upcoding or Downcoding (for example, using a CPT code that indicates a 40-minute evaluation for a 20-minute visit or vice versa) | Our team performs several checks to identify coding issues before submitting medical claims. | |
Filing A Duplicate Claim for the Same Service or Treatment (for example, transthoracic echocardiogram with CPT code 93306) | We have an auditing team to review all the claims. Moreover, we use claim management software to avoid duplicate claims. | |
Missing Documentation (for example, filing a claim for a preventive visit of an established patient, CPT code 99396, without the supporting medical history) | We maintain proper documentation for every service that you provide. | |
Lowest Prices Guaranteed
Experience top-notch results at the lowest prices! At MediBillMD, we offer high-quality · billing services for internal medicine at some of the lowest market rates. Contact us to improve your practice’s revenue without any hidden charges.
Get In Touch With Our Internal Medicine Billing Experts
Enjoy steady revenue and get regular updates! Get in touch with the best internal medicine billing company to meet various payers’ requirements. Free yourself from persistent coding and billing errors.
FAQs
We are the best internal medicine billing company because we have the expertise to code across multiple specialties. We have improved the cash flow of numerous practices throughout the country. Our team follows the best billing practices to file clean medical claims with a 96% collection rate. Moreover, we minimize claim denials by performing various audits to detect coding and coverage issues before filing medical claims.
We provide cost-effective billing solutions to our customers. The cost of our internal medicine billing services falls within 2 to 5% of your total monthly collections. In simple words, we reduce your billing issues for only a small price of your total reimbursements.
Coding is the most challenging aspect of internal medicine billing. This field often collaborates with other medical specialties and covers an array of services. As a result, internists often make coding mistakes and face high claim denials.