The process of giving medical claims to the insurance companies so that doctors can get their payments for the services provided is referred as “medical billing”. Many vendors of medical billing services offer medical billing solutions to medical practitioners. There are many advantages of outsourcing medical bills rather than staying in-home. These medical billing services are outsourced to countries with cheaper workforce like India and China.
Those employers who outsource their medical billing are benefited in many ways. Medical billing requires a large workforce of people for doing claim processing, data entry, record management and all kind of related work. If these healthcare providers starts keeping and managing all the data by themselves then they need to have a workplace to keep all the people working for them. It can be more expensive for them to get workers, office space etc.
Therefore it’s always better for the healthcare providers to outsource their medical billing to countries with cheaper workforce so that they can get more people for the same amount of money paid. Healthcare providers also need not have to worry about the office space. This will save their time and money as bigger workforce will help in getting better work and in lesser time. It will ensure that they get affordable medical billing services.
As the medical billing industry is evolving day by day, outsourcing medical billing helps the healthcare providers by reducing their operational costs. And patients also receive better, timely and good care with complete satisfaction. For more information on this topic, you can visit www.activemds.com
Saturday, September 26, 2009
Friday, September 4, 2009
Medical Billing - The process to benefit billing solutions
Are you devoting your time on practice administration more than patient care? Or your operating costs are increasing rapidly?
Outsourcing Medical billing is the integrated solution to these problems.
Outsourcing medical billing enables physicians to focus on the critical care of their patients. Medical billing is the process of claming the insurance company to get the payment for the services provided by healthcare provider. Activemds provides you
medical billing solutions most powerful tool to accelerate the cash flow, to reduce the expenses & increases profits within your practice.
Medical billing process includes the following steps:
• Pick up claims: Activemds accepts online claims thereby speeding up the data entry process.
• Coding: Active management provides verification for all codes submitted.
• Data entry: The forms provided by Active management are designed to accommodate each specialty facilitating the ease and accuracy of gathering patient and claim information.
• Claims reviewed: All claims are reviewed and “scrubbed” with the most updated coding software.
• Electronic submission: The software enables to submit claims electronically, in accordance with state and insurance requirements.
• Follow up: Follow up begins immediately upon denial of the claim or as early as 15 days after submission, in case there is no response from the insurance company.
• Payment: Claims are submitted electronically. Electronic Remittance Advices (ERA’s) are downloaded 2 to 20 days following submissions. This allows immediate posting of payment and follow up of denied claims.
Medical Billing Solutions provides the following main benefits:
• Reduce and control operating costs
• Reduces paper work costs as claim is filled electronically.
• Increases profitability with improved data gathering, coding techniques, follow-up
• Improve staff efficiency & productivity
• Reduce general and administrative expenses
Caring for your patients is your duty. Activemds works out for your billing process. To understand and avail the benefits of
medical billing, log on to www.activemds.com.
Outsourcing Medical billing is the integrated solution to these problems.
Outsourcing medical billing enables physicians to focus on the critical care of their patients. Medical billing is the process of claming the insurance company to get the payment for the services provided by healthcare provider. Activemds provides you
medical billing solutions most powerful tool to accelerate the cash flow, to reduce the expenses & increases profits within your practice.
Medical billing process includes the following steps:
• Pick up claims: Activemds accepts online claims thereby speeding up the data entry process.
• Coding: Active management provides verification for all codes submitted.
• Data entry: The forms provided by Active management are designed to accommodate each specialty facilitating the ease and accuracy of gathering patient and claim information.
• Claims reviewed: All claims are reviewed and “scrubbed” with the most updated coding software.
• Electronic submission: The software enables to submit claims electronically, in accordance with state and insurance requirements.
• Follow up: Follow up begins immediately upon denial of the claim or as early as 15 days after submission, in case there is no response from the insurance company.
• Payment: Claims are submitted electronically. Electronic Remittance Advices (ERA’s) are downloaded 2 to 20 days following submissions. This allows immediate posting of payment and follow up of denied claims.
Medical Billing Solutions provides the following main benefits:
• Reduce and control operating costs
• Reduces paper work costs as claim is filled electronically.
• Increases profitability with improved data gathering, coding techniques, follow-up
• Improve staff efficiency & productivity
• Reduce general and administrative expenses
Caring for your patients is your duty. Activemds works out for your billing process. To understand and avail the benefits of
medical billing, log on to www.activemds.com.
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