Effortlessly Manage Your Patient Billing with Our Expert Services
At NEW ERA MBS, we understand that managing patient billing can be complex and time-consuming. Our
team of experienced billing professionals will assist you with insurance verification, claim submission,
follow-up, and payment processing, ensuring you receive the reimbursement you deserve.
The Importance of Patient Billing
Patient billing is a complex task that requires proper coding, accurate data entry, and timely collection. With the ever-changing healthcare landscape, managing patient billing can be daunting for healthcare providers. Outsourcing patient billing services to an experienced medical billing provider can help healthcare providers optimize their revenue cycle, reduce denials, and improve their bottom line.
According to recent statistics, about 18-20% of medical claims are denied, resulting in significant losses for healthcare providers. Additionally, research shows that medical practices that outsource their billing services to third-party providers report fewer billing errors and higher reimbursements than those that manage their billing in-house.
Enhanced Transparency
Provide patients with clear, easy-to-understand medical billing statements, reducing confusion and improving satisfaction.
Reduced Payment Delays
Accelerate your revenue cycle with efficient billing processes and timely payment reminders, minimizing outstanding balances.
Full Compliance
Stay compliant with healthcare regulations and industry standards, avoiding costly penalties and maintaining a positive reputation.
Improved Patient Satisfaction
Foster stronger patient relationships by offering convenient payment options and addressing billing inquiries promptly and professionally.
Faster Collections
Implement effective strategies for faster and more reliable collections, optimizing your cash flow and financial stability.
Data-Driven Insights
Gain valuable insights into your billing performance with detailed reports and analytics, enabling informed decision-making and continuous improvement.
Our Patient Billing Solutions
Our billing solutions are tailored to meet the needs of each healthcare provider and are designed to streamline their billing process, increase their cash flow, and reduce their overhead costs. We also provide real-time analytics and reporting to help providers manage their operations more effectively. Utilizing the latest technology, our billing professionals can easily access patient information, process claims, and payments quickly, and provide timely feedback to healthcare providers.
Claim submission and follow-up: Our team will submit claims on your behalf and follow up with insurance companies to ensure that claims are processed correctly and promptly. We also care for denied claims and appeals, ensuring you get the money you owe.
Account receivable management: Our team will keep a close eye on patient accounts and work to ensure that payments are made quickly so that we don’t have to do extra follow-up or collection work.
Insurance verification and authorization: Our team will check to see if the patient has insurance and get any necessary authorizations before treatment. This will make sure that the claims are paid quickly and correctly.
Reporting and analytics: We give you detailed reports and analytics on your practice’s billing performance, such as how many claims were sent, how many were accepted, and how much money was made. This helps you make smart decisions about how your practice bills.
Customized billing solutions: Every practice is unique, so we offer customized billing solutions tailored to your practice’s specific needs.
Denied claim appeals: Our team will file an appeal for denied claims on your behalf.
Benefits of using our services
We collaborate with various specialties and can handle all types of claims, including commercial, Medicare, Medicaid, and other government-funded programs. Our team is an expert in various billing software and insurance guidelines.
Improve patient satisfaction by ensuring accurate and prompt billing.
Error-free billing and claim submission.
Increase revenue by reducing denied claims and increasing claim acceptance rates.
Improve practice efficiency by reducing administrative burdens.
Ensure compliance with insurance guidelines and regulations.
Access to a team of experienced and knowledgeable billing professionals.
