Medical Billing Services:
Affinity Telecare offers comprehensive medical billing services tailored to meet the specific needs of your healthcare institution or facility. Our experienced billing team utilizes advanced technology and industry best practices to streamline the billing process, maximize reimbursement, and optimize revenue cycle management. By outsourcing your medical billing to us, you can focus on patient care while we handle the complexities of billing and reimbursement.
Key features of our Medical Billing services include:
Claims Submission:
Our billing experts handle the timely and accurate submission of claims to insurance companies, ensuring that all necessary information and documentation are included. We follow industry standards and guidelines to minimize claim rejections and denials.
Payment Posting and Reconciliation:
We efficiently post payments received from insurance companies, patients, and other payers. Our team reconciles payments against the billed amount, identifies any discrepancies, and resolves payment-related issues.
Denial Management:
Our experts proactively manage claim denials, reviewing denied claims, identifying the root causes, and taking appropriate actions to appeal or resubmit the claims. We work diligently to maximize reimbursement and minimize the impact of denials on your revenue.
Accounts Receivable (AR) Management:
We closely monitor and manage the accounts receivable, ensuring that outstanding payments are promptly followed up and collected. Our team conducts regular AR analysis and implements strategies to minimize aging AR and improve cash flow.
Coding Accuracy and Compliance:
Our certified medical coders review medical documentation to ensure accurate and compliant coding. We adhere to current coding guidelines, such as ICD-10 and CPT, to support proper reimbursement and minimize coding-related issues.
Insurance Verification and Eligibility:
We verify insurance coverage and eligibility for patients, ensuring that claims are submitted with accurate insurance information. Our team contacts insurance companies to obtain verification and resolves any coverage-related issues.
Patient Billing and Statements:
We generate patient bills and statements accurately and in a timely manner. Our team handles statement delivery, provides patient support for billing inquiries, and assists in setting up payment plans when necessary.
Reporting and Analytics:
We provide comprehensive reporting and analytics on key performance indicators (KPIs) related to billing, collections, and revenue. Our reports offer insights into the financial health of your healthcare institution, enabling data-driven decision-making and continuous improvement.
Benefits of partnering with Affinity Telecare for medical billing services:
Maximizing Revenue:
Our expertise in medical billing helps optimize reimbursement, minimize claim denials, and accelerate payment cycles, leading to increased revenue for your healthcare institution.
Cost Savings:
Outsourcing medical billing to us eliminates the need for in-house billing staff, reducing staffing and training costs. We provide cost-effective solutions tailored to your needs.
Compliance and Accuracy:
Our team stays updated with the latest billing regulations and ensures compliance with coding guidelines, privacy laws, and industry standards, reducing the risk of audits and penalties.
Focus on Patient Care:
By entrusting your medical billing to us, you can shift your focus back to providing quality patient care and operational excellence.
Technology and Efficiency:
We leverage advanced billing software and technology to streamline processes, enhance efficiency, and improve overall revenue cycle management.
Partner with Affinity Telecare for comprehensive medical billing services that optimize revenue, ensure compliance and allow you to concentrate on delivering excellent patient care.