Where medical billing has become an essential part of hospitals, many companies have started offering their RCM services to help hospitals manage the entire RCM cycle. Hospitals too found these firms a viable option for RCM as they can focus on other health areas instead of struggling to approve their claims. One of these companies is medical billing associates.
Medical billing associates is an LLC company that provides revenue cycle management services to the healthcare sector, especially to physicians. They have made cash flow work easier in the medical billing industry. That helps physicians approve all their claims and avoid denials by the revenue provider. The LLC saves the time and effort required for conducting the medical billing processes on your own.
After getting an introduction to the company, let’s have a look at its characteristics and what are the benefits that you get when working with them.
High Aims Of Medical Billing Associates
The LLC has a strong aim toward making RCM simpler for hospitals. They manage your claims in such a way that it is approved quickly. Their staff works hard to reduce the A/R days of your claim applications by following up in a proper way. That means you don’t want to waste your precious time in acquiring the status of a claim and removing payer objections, if any.
Even if your hospital is short on staff, medical billing associates offer resources to manage patient complaints and resolve them by following the health facility’s rules and laws. This service of the LLC can help you maintain your reputation. This way you can stand out your health service at the top from a number of health facilities. Their offerings become achievable by:
- Involving all staff members together
- Incorporate the right billing information into the account
- Constant information modernization of the staff
- Proper audits and reviews
Overall, to make your RCM organized while focusing on providing proficient health services, you can get help from medical billing associates.
Why Choose Medical Billing Associates LLC?
Here are 5 factors that will make you choose medical billing associates LLC for your revenue management purposes:
Qualified Staff
This LLC provides staff that has previous expertise and a proven background of successfully managing medical billing. They are well aware of the main reasons for claim denials and are always ready to resolve claim application issues.
Separate Manager
Where other companies assign numerous billing accounts to a single manager, medical billing associates dedicate accounts to a particular supervisor. That works with full dedication and focus to help you get the reimbursement.
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Communication
The LLC believes in timely communication. It provides regular feedback and lets you know about any problems encountered during the claim. So your health institute and the RCM company can work together to rectify the provider’s identified issues.
Massive Experience
Medical billing associates possess extensive experience of 30 years. That’s why they understand the game of claim denials. This experience helps them submit claims in such a way that has the least chance of rejection.
Transparency
Where other companies might hide some facts from you in order to gain your trust, medical billing associates provide any type of info you request. That means your RCM will be managed transparently where you can intervene if you don’t appreciate a specific procedure.
Valuable Services They Offer
Medical billing associates offer a diverse range of services to cater to all your revenue cycle needs. Their offerings include:
Appointment Scheduling
You can now deal with hundreds of clients a day with the help of an integrated system provided by their company. You can connect all your patient’s data with their system and can access the information anytime 24/7.
Their appointment management system offers easy-to-schedule patient demographic, insurance details, and financial info.
Bookkeeping
They provide bookkeeping personnel to manage your health facility’s financial records including:
- Checks
- Bank statement
- Reconciliation
- Monthly reports
- Payroll and much more
Their reliable staff offers customized services. That means you can mold their services to fit your needs.
EDI And EFT Enrollment
You are now free from rushing toward claim reimbursement and payment checks. As their services maintain electronic records. No need to confront errors in claim applications while writing manual checks, since medical billing associates redirect funds quickly to your account as soon as they are paid.
Document Management
Their web-based record storage offers the most reliable documentation management. Their secure and HIPAA-compliant system enables you to access your documents anywhere, anytime with the help of just a click.
Bank Deposits
Now you don’t have to send your staff every time on the bank to deposit the claim amounts as workers performing at medical billing associates collect your sums and deposit them in the bank on your behalf every week.
Reconciliations
They work day and night to reconcile your bank deposits and electronic funds only after having your consent to use your bank statements. This will help them make sure the deposited amount, so they can post and mention it in the billing system.
Careful Medical Billing
Medical billing associates cater to all your RCM needs under one company. From managing accounts receivable to reviewing claim denials, they cover all aspects of revenue-driven and professional medical billing.
Customer Service
Medical Billing LLC company also manages patient responses. They listen to the patient’s queries and clear their doubts with the help of exceptional customer service. Their staff will make sure that your patients understand their insurance policies so they can execute quick revenue generation.
Credentialing
Re-credentialing may take a lot of time and effort, but medical billing associates handle that too. They take care of all the records, certificates, and contracts required for the credentialing process with insurance companies.
Eligibility Verification
The system used by this LLC enables you to evaluate your patient information anytime as they verify all patient’s eligibility criteria and keep their record. You can check the patient’s coverage, deductible, and copay information.
Conclusion
These were all the information you need before signing a contract with medical billing associates. With these characteristics of the LLC, you must consider this company for RCM if you want an adequate amount of revenue and to strengthen your financial resources.