Deciding on a vendor requires a lot of research. But asking the vendors for certain specific information can make the task a lot easier. Similarly, medical billing is also a very crucial process that requires time, dedicated staff, knowledge and accuracy.. Associating with a reputable and professional medical billing company can resolve a lot of billing issues and provide results.
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Are you looking for a medical billing company?
1. Are you looking for
Medical Billing
Company?
MGSI LLC – Medical Billing Company
2.
3. Abstract
Facts to Validate
How to choose the Right Medical Billing Company?
Value for Money
Some Questions to Ask Before Hiring a Medical Billing Company
Importance of Technology
Offer Complete Transparency
About us
MGSI LLC – Medical Billing Company
4. Facts to Validate
Deciding on a vendor requires a lot of research. But
asking the vendors for certain specific information can
make the task a lot easier.
Similarly, medical billing is also a very crucial process
that requires time, dedicated staff, knowledge and
accuracy.
Associating with a reputable and professional medical
billing company can resolve a lot of billing issues and
provide results.
MGSI LLC – Medical Billing Company
5. At present, one may come across a wide array of large-
scale medical billing companies. This has also made the
healthcare industry more complex and competitive
with every passing day.
A practitioner or a healthcare organization needs to
know what they require and should expect from a
billing company and must compare all the offerings
from different billing companies.
Medical billing requires skilled employees,
sophisticated technology and constant vigilance.
MGSI LLC – Medical Billing Company
6. How to Choose the Right Medical
Billing Company?
One needs to know the difference between a dubious
medical billing company and one whom they can trust
with the patient’s medical information.
Insist a vendor offers a business associate agreement
to maintain PHI security and overall HIPAA compliance.
With the right billing company, a practitioner can
significantly reduce their time spent on billing issues
and can focus more on patient care.
The below mentioned points will help one understand
how to choose the perfect billing company.
MGSI LLC – Medical Billing Company
7. Value for Money
An experienced, end-to-end medical billing company
consists of professional billers and advanced revenue
cycle management experts.
There is a cost and value associated with end to end
medical billing & collections.
Some vendors offer a reduced rate, however, there are
limitations attached along with additional hidden costs.
Making a decision on cost alone is not enough.
MGSI LLC – Medical Billing Company
8. Some Questions to Ask Before Hiring
a Medical Billing Company
Company’s total years of experience
How many people are assigned for the account?
What kind of training does the staff have?
Do they have certified coders?
How many years of experience in your specialty?
How HIPAA compliant are you?
Do you have a compliance plan?
Do you have any professional affiliations?
MGSI LLC – Medical Billing Company
9. Can you provide references?
Who owns the billing data?
Do they offer denial management?
Can they keep track of and make analysis of your
“rejected claims’’?
Will your organization alert me about contract issues?
What type of reports will you receive?
Are there billing follow up items which they do not
handle?
Can they add value with their Fee Scheduling
knowledge?
Would they assist in Credentialing with a specific
payer? MGSI LLC – Medical Billing Company
10. Importance of Technology
According to analysis, a lot of independent physicians
utilize an integrated practice management, and EHR
software. Does the billing company vendor:
Do you provide a cloud based practice management
software?
Do you offer an integrated EMR?
Are your processes mostly electronic?
What kind of data backup and recovery procedures do
they follow?
MGSI LLC – Medical Billing Company
11. Offer Complete Transparency
Experienced and highly qualified medical billing
companies use enhanced cloud-based systems, where
one can expect 24/7 access to any claim or any data.
As well as real time data. Through the software, one
can have easy access to payments, charges,
adjustments, write-offs, posted payments and more.
Transparency allows for:
Summary of the charges
Summary of the payments
MGSI LLC – Medical Billing Company
12. Aging Summary (AR)
Aging claims by the insurer
Summary of adjustments, which includes defined
write offs, contractual adjustments and refunds
Procedure analysis
Denial reasons
You get what you pay for. Lower rates aren’t always the
better option, and a lower fee of your bottom line doesn’t
always save the practice money?
MGSI LLC – Medical Billing Company
13. About US
MGSI is the best medical billing company in Florida.
We Provide various billing services such as
Radiology Billing Services
Cardiology Billing
Anesthesia Billing
Physician Billing Services
Denial Management
Insurance Eligiblity Verification
Physician Practice Management
Reveuce Cycle Management
AR Follow Ups etc.
MGSI LLC – Medical Billing Company
14. Contact us
For more information,
Please contact MGSI at +1-877-896-6474
Email us: info@mgsionline.com
Check our website: www.mgsionline.com
MGSI LLC – Medical Billing Company