A medical billing company provides complete revenue cycle management services including insurance eligibility verification, patient demographic entry, medical coding, charge entry, payment posting, accounts receivable management, and credentialing. They take care of the entire billing process from start to finish to allow medical practices to focus on patient care. Outsourcing to an experienced medical billing company like MGSI provides practices access to certified coders, fee schedule updates, billing software, and financial analytics to optimize reimbursements.

1. What Services Does a Medical Billing
Company Provide?
MGSI LLC - Medical Billing Company

2. Introduction
• Accurate and timely billing is the key to healthy financial
performance for any medical Practices or physicians.
• Medical Billing is a cycle of process which involves various
scopes of services handled by multiple professionals at
different levels, hence the complexity of submitting
cleaner claim at a higher first pass rate has always been a
challenge and with all other areas like recruiting, training
and supervising takes most of your time and focus away
from your core which is patient care.
• Considering all these intricacies many practices are now
opting for Medical Billing outsourcing.
MGSI LLC - Medical Billing Company

3. • MGSI LLC - Medical Billing Company

4. • While considering to outsource your medical billing it is
essential to know – what are the list of services provided
by a Medical Billing Company?
• What are the areas covered and taken care by the third
party vendor?
• A clarity on the services covered by a Medical billing
company helps settle down most of the questions
pertaining Outsourcing Medical Billing.
• Read below to know what to expect from a Medical
billing Company and the list of services provided.
MGSI LLC - Medical Billing Company

5. Complete Revenue Cycle
Management Services
• Medical billing Company provides a comprehensive
solution covering all your medical billing and coding
requirements to help you focus on patient care.
• Major services provided include complete revenue cycle
management solution covering end to end billing from
Patient Demographic Entry to Accounts Receivable and
Denial Management.
MGSI LLC - Medical Billing Company

6. Insurance Eligibility and Benefit
Verification
• Insurance Eligibility and Benefit verification is more
critical given the current situation with Affordable Care
Act where the coverage and benefit details vary from
month to month.
• Verifying Insurance and Eligibility protects your practice
from unwanted stress far ahead.
• Your medical billing services provider should be equipped
with experienced and skilled professionals to handle the
verification process efficiently and also inform you the
patient responsibility in prior.
MGSI LLC - Medical Billing Company

7. Patient Demographic Entry
• Outsourcing Patient enrollment and Demographic Entry
to medical billing company saves lot of effort and time
spent, paving way for fully focused patient care.
• Demographic Entry involves collecting patient’s
demographic and insurance information and entering
into billing software.
• Accurate and through data is crucial to submit clean
claims which requires trained professionals from medical
billing team to ensure maximum quality.
MGSI LLC - Medical Billing Company

8. Accounts Receivable and Denial
Management
• One of the most tedious and laborious task as it involves
analyzing the overall claim for erroneous data and correct
them, and then appeal with Insurance with multiple
follow ups.
• Most practices take a back seat when dealing with the
claim denials and focus only new claims resulting in lost
revenue.
• Medical Billing Company tracks denied claims and works
on filing the appeals within the Timely Filing Limit (TFL)
and Appeal Filing Limit (AFL)ensuring every dollar due to
the practice is claimed.
MGSI LLC - Medical Billing Company

9. Medical Coding
• This process is the most challenging and liable to err,
therefore it is advisable to have a streamlined
professional approach in handling coding for each and
every claim.
• Any error in Medical Coding will lead to claims denial
affecting your practice’s cash flow.
• Outsourcing Medical Coding is recommended to ensure
error less and quality coding by experienced, certified
and professional coders.
MGSI LLC - Medical Billing Company

10. Charge Entry and Payment Posting
• Charge Entry requires the staff involved to be on top of
the current changes or updates in the Insurance fees
schedule.
• Similarly, Medical Billing companies also ensure
payments received from Insurance, Patients and
Secondary Insurance are duly posted against the claim
and provide you with the report on the closed and
pending claims.
• Apart from the traditional billing and coding services,
your medical billing services partner should also cover
additional operational and support services as listed
below: MGSI LLC - Medical Billing Company

11. Practice Management Services
• A well-established Medical Billing Company provides you
thorough analysis on your current financial set up and
provide you a systemized billing and operational support.
• Your medical billing partner should be able to allocate
professional consultants to evaluate your current income,
shortfalls and suggest advanced and streamlined
approach for enhanced productivity.
MGSI LLC - Medical Billing Company

12. Fee Schedule Enhancement
• Fee schedule for medical procedure needs to be
reviewed for changes constantly and updated to curb
shortfalls or revenue loss.
• Many practices miss on reviewing the fee schedule and
end up billing lesser that the allowed amount, which in
turn affects your practice financial system.
• Medical billing company has streamlined process to keep
their staff up-to-date with the ongoing changes and keep
abreast to ensure maximized reimbursement.
MGSI LLC - Medical Billing Company

13. Provider/Physician Credentialing
Services
• Getting providers enrolled with the insurance company
and keeping them in-network is a cumbersome process
which can be time consuming.
• By opting for outsourced Medical Billing services, you can
get away from the stress involved in physician
credentialing as it is taken care off by your medical billing
service partner
MGSI LLC - Medical Billing Company

14. About MGSI
• MGSI is a national medical billing and collection company
providing end-to-end billing solutions to its clients.
• With over 25years of experience, MGSI serves hundreds
of physicians and medical practices providing one-stop-
solution for all their medical billing needs.
• MGSI is a fully HIPAA Compliant and BBB accredited
company to protect PHI and provide quality services.
• MGSI has a proven track record of more than hundreds of
happy and successful clients across the United States.
MGSI LLC - Medical Billing Company

15. Contact us
To know more about MGSI and its services
 log on to Medical Claims Processing and Billing
 Call us: +1 (877) 896-6474
 Email us: info@mgsionline.com
MGSI LLC - Medical Billing Company

16. MGSI LLC - Medical Billing Company