Medical Billing
Every medical practice’s life line is a predictable and sustainable cash flow. Without it the practice cannot hire and retain top quality personnel, offer advanced treatments and services or, in some cases, simply keep its doors open. Phymedco’s experienced and well trained staff is committed to error elimination throughout the billing process. Proper medical procedure coding coupled with electronic billing transmission dramatically shortens the cash collection cycle and reduces carrying costs associated with accounts receivable. This frees up working capital for operating expenses and to fund initiatives, such as, site expansion, equipment purchase or EMR implementation. A shorter cash collection cycle and reduced error rate also benefits your practice by lowering operating costs. Improved cash flows and reduced expenses equates to a much more financially healthy medical practice.
At Phymedco we strive to ensure every charge is captured, billed for at the maximum allowable rate, and paid as quickly as possible. We have the capacity to interface with almost any specialty, billing system, or payer and take great pride in our billing process management skills. Our staff strives to achieve immediate resolution of even the most difficult billing exceptions. Yet, even with all we accomplish financially for our clients, what we are regularly lauded for is our personal touch; be it follow-up on unpaid claims, training of office staff in order to increase efficiencies, or meeting with the physician owners/managers to review and constantly improve upon our services.
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FEATURES OF MEDICAL BILLING
- Billing and scheduling software provided
- Experienced individual account managers
- Immediate claims processing
- Pre-submission scrubbing and correction
- Electronic claims submission
- Electronic tracking and Clean Claim confirmation
- 24-hr payer payment confirmations
- Actual and contractual payment comparison
- Immediate follow-up on all denials
- Explanation and resubmission on all denials
- EFT direct deposit of payments
- Monthly patient statements
- Personal follow-up on patient balances
- On-line patient payment options
- Monthly personalized billing reports
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