BillingParadise offers comprehensive medical billing services to help healthcare organizations overcome revenue cycle management challenges. They have a 7-step approach including evaluating organizations' revenue and billing processes, restructuring billing, implementing standards of procedure and staffing, and providing 24/7 billing support with experience in major electronic health records. Their services aim to increase revenue, improve patient satisfaction, and streamline billing through an online platform for automation, communication, and detailed revenue cycle reporting.
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