Has Your Medical Billing Revenue Reached Its Full Potential?
Do you realize that approximately one-fourth of all medical practice income is lost due to Under Pricing, Under Coding, Missed Charges or Unreimbursed Claims? That's right, hundreds of millions of dollars is lost annually due to medical billing errors. Is your practice one of thousands of practices that is not receiving full reimbursement for the services performed. You may be surprised, approximately 25% of all chart audits contain coding errors resulting in non-payment.
Are you tired of ever-increasing denials, high operating costs, and declining reimbursements?
Is your billing process taking away valuable time from patient care? Are you confused by the continuously changing billing codes? Do you want to improve the efficiency of your billing system? A medical billing service is the answer to all your problems. These services handle all your billing needs including efficient patient billing, claims submission, tracking your accounts and following up of rejected claims.
The benefits of outsourcing your medical billing to USPC.
USPC’s Medical billing services facilitate several direct and long-term cost savings. By outsourcing your medical billing to us, you do away with the need of hiring full-time staff for your billing requirements. If your office staff is involved in processing your claims, you are wasting valuable employee time that can be used for other more productive work. In the long run these services provide significant cost benefits and increase your overall income.
Medical billing services are also capable of processing higher volume of claims at faster turnaround rates.
USPC’s Medical billing staff are better trained to handle billing requirements than your in-house staff. They have the necessary up-to-date knowledge about changing codes and insurance regulations, which minimizes the number of rejected and denied claims.
Additionally, if a claim is rejected, USPC immediately will re-submit the corrected forms.
Lastly, USPC paid on a percentage basis of successful claims, which gives them a much higher incentive to collect.
How does outsourced medical billing work?
The following steps explain the working of medical billing services:
Data delivery to service:
Firstly, you need to send patient data, diagnosis codes, procedure codes and insurance data to USPC. We support multiple ways of data delivery including e-mail, mail, fax, and scan. We will also allow you to enter the information into a secure web page on the our website.
Submission of forms:
After receipt of the billing information, USPC checks your data and requests for any missing information, fills up the appropriate claim forms and submits them.
Approved claims:
The explanation of benefits forms (EOBs) and checks are delivered to you for all approved claims. Incoming checks and EOBs can be handled in two ways. You can have them delivered to your office and send the information back to USPC, by scanning or entering the EOBs into the medical billing system. Alternatively, you can use a bank lockbox that ensures scanning and electronic delivery of your payments. This is a much quicker way of receiving the funds.
Rejected Claims:
These claims are sent USPC for correction and re-submission or else are returned to you.
Feedback:
USPC will provide you regular feedback and reports about your claims and payments.
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Medical Claims & Services
USPC provides expert medical billing, consulting, medical coding & practice management services to a large array of medical specialties including but not limited to FQHC, Not for profit, orthopedic, general surgery, family practice, internal medicine, obstetrics , and most medical specialty providers
We work with you and your staff as closely as an in-house billing person and save you money by, eliminating in-house medical billing employee expenses (salary, benefits, sick pay, etc), lowering the cost of forms and supplies, eliminating the high cost of hardware and software upgrading and updating, and reducing your telephone expenses
USPC specializes in the following services to assist clients in a medical practice and medical-related fields with the tedious tasks of billing, reporting and follow-up functions, therefore you will be able to concentrate more on medicine and the patients well being while we generate the revenue that your practice is entitled to.
- Database Repair
- Medical Billing, Physician Credentialing, Training and All Follow-up Services
- Electronic and Paper Claims Submission
- Analyze and Update All CPT, ICD-9 and HCPCS Codes.
- Analyze and Use Correct Modifiers to increase Reimbursement Dollar Amounts
- Accounts Receivable Management
- Customized Monthly Financial Reports
- Generate and Mail Monthly Patient Statements
- Management of Collections
- Complete Practice Analysis.
- HIPAA Compliance Review
- Consulting and Training For You and Your Staff on Medical Billing & Coding Issues
- FQHC Medicaid and Medicare Quarterly Interim and Year End Cost Reports.
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