BillingParadise, a company which truly believes and supports the above line of thought has been aiding the single physician practices meet their fiscal goals in these turbulent times for the healthcare industry, where cost reduction and revenue cycle optimizationare the two phrases which keeps echoing at all time.
The recession of the past year has left in its wake unique situations in terms of management of fiscal obligations While the usually recession-proof medical community found its secure status breached this time around, the Patient Protection and Affordable Care Act of 2010 promises new avenues of growth for the healthcare industry in terms of massive inflow of newly insured patients;
But it is quite possible that the severely understaffed single physician practices, which still represent a major portion of American Healthcare, would find their high-volume low-dollar bills more often than not languishing in the corridors of denied or underpaid claims.
With the outsourced medical billing services companies tending to focus on the larger hospital accounts, single physician practices need to find a service provider who understood the intricacies of physician-based revenue cycle management.
Also even if a single-physician practice is able to land a medical billing service who specialize in both hospital and physician billing, it is likely that the staff, who will be more inclined towards hospital billing systems, will not take up patient eligibility/verification procedures with as much vigor; which would surely result in a huge number of denials.
Also the staffer will be more well-versed with DRGs and their associated connotations rather than the more humble CPTs of the physician-based billing system.
Also, it has been found that if hospital-based billing systems are used for physician-based practices, they generally tend to mask procedural errors, which thus goes unnoticed until it is too late. Physician-based billing requires a dedicated system like Kareo which has been built specifically keeping in mind small practices.
We have specialized teams of medical billers and coders who hold speciality specific certifications to handle your billing and coding tasks
Hire one/combination of services/all, we at BillingParadise will meet your needs 100%
BillingParadise employs trained personnel to manage your claim auditing needs. All claims are thoroughly audited and quality checked before the bills are sent for reprocessing. Batches of claims are diligently checked for incorrect codes/errors/missing information before sent for processing.
At BillingParadise we have designed our audit workflow that produces quality centric audit reports the fastest way possible. Auditing and recovery occur simultaneously, and reports are produced based on your necessity. Every flaw is flagged & rectified in tandem. The entire workflow is streamlined and optimized.
BillingParadise provides you the most optimized and cost effective software.The ClaimBridge is a turnkey software solution. The software is automated and analyzes claims in batches. Easily deployable, seamlessly scalable & can be maintained & updated. Our tech helps you conserve your valuable resources and boosts your revenue.
Hire one/combination of services/all, we at BillingParadise will meet your needs 100%
BillingParadise employs trained personnel to manage your eligibility denials. This service is made available for you to avoid such denials. Verifications are done by our specialists prior to services rendered. Every criteria from pre-certification to patient due is checked and thoroughly verified.
At BillingParadise we have designed our eligibility verification workflow to be streamlined and highly productive. We ensure that all information regarding your patients current eligibility status is made available to you the instant you require it. Eligibility checks are done in batches and are also made available to you on demand.
BillingParadise provides you the most optimized and cost effective software. The software can cross-integrate across payor systems and offers you complete interoperability for you to keep track of your patients eligibility status. Eligibility checks are done on demand or through scheduled batches. Hire us and avoid eligibility denials permanently.
Hire one/combination of services/all, we at BillingParadise will meet your needs 100%