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Medical Billing Services.pdf
- 2. BillingParadise has helped many organizations and practices overcome their RCM challenges with our comprehensive medical billing services. Here are 7 common reasons why healthcare organizations, RCM directors, CFOs, practice admins, and practice managers reach out to us: Unhappy with your EHR/EMR provider’s billing/RCM service Unaware of technology solutions Negligence of existing medical billing outsourcing partner Lack of experienced staff Improper practice management Too many external audits Unworked charge, AR, and denials At BillingParadise, we have a 7-step approach to improving your practice's revenue
- 3. We'll evaluate your revenue health by analyzing one year of financial data to provide insights on collections, bad debts, and revenue leaks. We'll help you determine collectible and non- collectible amounts and recover lost revenue from existing AR. We'll evaluate your current medical billing process and set goals to increase revenue and improve patient satisfaction. Our team will provide support to your staff and implement updated operation modules. Step 1: Revenue Analysis and Audit Step 2: Re-structure your Medical Billing
- 4. We'll evaluate your revenue health by analyzing one year of financial data to provide insights on collections, bad debts, and revenue leaks. We'll help you determine collectible and non- collectible amounts and recover lost revenue from existing AR. We offer selective and temporary RCM process services to help fill gaps in your staffing. Step 3: SOPs and EHR Step 4: Flexible Medical Billing Staffing
- 5. Our 24/7 medical billing and RCM operations ensure timely claim submissions and reimbursement. We're specialized in major EHRs and can provide excellent medical billing services with the current EHR/EMR you use. We have experienced medical billing staff for various specialties, making it easy for specialty medical group owners or RCM directors to identify the right medical billing service provider. Step 5: Round-the-clock Billing Support Step 7: EMR/EHR Experience Step 6: Specialty-specific Medical Billing Services
- 6. Technology plays a vital part in BillingParadise Medical Billing Services: TeamBillingBridge is a user-friendly platform for automation, communication, and reporting to streamline your revenue cycle. With detailed revenue cycle reports, project management, and account receivable tracking, you'll have all the key metrics in one place. Our HBMA benchmarks for KPI metrics reporting include Days in Accounts Receivable (A/R) of 30-40 days, a Percentage of A/R Over 90 Days at 6%, a Non-Contractual Write-Off Percentage of less than 5%, the New Patient Ratio ranging from 25-50%, Payer Mix at 30%, and Referral Mix at 25%. Our reporting features involve tracking AR days, assessing adjustments, analyzing revenue and AR by the provider, evaluating rejection and denial rates, RVU tracking, calculating payroll, and appointment wait time, and providing KPI reports with transparency and 24-hour problem resolution TAT. For practices that require complete automation, we provide robotic process automation (RPA) for all medical billing processes including Patient appointment scheduling and registration Patient eligibility and benefits verification, Coding, Charge capture/entry, Payment posting Denial management, appeals, Patient statements, and collections.
- 7. ThankYou F o r Y o u r A t t e n t i o n +1 470-285-8986 info@billingparadise.com www.billingparadise.com CONSULT NOW