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Yes, We are Experts In ICD-10 Coding. We Will Save You Both Time and Money. We Get Back Higher Returns Than Your In House Billers Can. Our Medical Billing Business Depends on It. If Our Customers Are Not Happy, Neither Are We. Click Here for More Information.
You Are Most Likely Losing Money Because Your In House Medical Billers Do Not Understand ICD-10 Completely. We are Experts in it. Call Us to Find Out Why Our Clients are so Happy With Us.
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Medical Billing Services & Revenue Cycle Management
Revenue cycle management in medical billing – Shorter cycles mean more money, faster. You can count on Ideal Billing Solutions to meet your demands. No matter if you are from New York, Florida or California, we are the right medical billing company that you have been waiting for. Many medical billing companies only do billing in their home state. At Ideal, we do billing in all 50 states. A benefit to no matter where your practice is located.
Revenue cycle management (RCM) covers the life of a patient’s account, from the time the patient walks in the office door for treatment, to the physician’s receipt of payment due for services. It encompasses all administrative and clinical functions and tasks like determining a patient’s insurance eligibility and collecting co-pays. Ideally, full payments would be received in 30 days, but this does not always occur. This is the prime reason revenue cycle management has become so important to physicians.
Revenue cycle management activities are best handled by someone trained to do this kind of work, usually a medical billing service company. Many group practices hire an outside company to manage their RCM. Medical billing services are the logical choice for this function, as they are mostly comprised of employees who already have a talent for numbers and for following schedules and adhering to deadlines.
Your revenue cycle will shorten when you have a professional medical billing company working for your practice. They will be successful most of the time in securing collections more quickly because they are dedicated to the task, especially accelerating the difficult, aging accounts that increase your revenue cycle, by months sometimes. These are the accounts a skilled medical biller is trained to work on.
The much talked about term, revenue cycle management, is simply the idea that practicing physicians want to get the most amount of money owed to their practice into their practice bank account as soon as possible after the medical service for the patient is performed. If that sounds a little “business-speak” to you, you’re right, it is.
But let’s face it. Neither you nor your medical office staff are trained to perform this kind of work. Frankly, it’s best left to people with a head for numbers. That’s where Ideal Billing can give you the expertise you need to get your revenue cycle current and the money you are owed as quickly as possible.
There is no need to give up control of your practice. Simply set your expectations and parameters with Ideal Billing in an exploratory meeting, then relax and let the experts at Ideal Billing service improve your revenue cycle while you let go of this worrisome task.
What will Ideal Billing do for your practice? The first thing, actually, we cannot do for you, and that is for you to obtain insurance or payer information at the first point of patient contact so the revenue cycle can begin. If you can verify this information, correct erroneous information and determine who is responsible for payment not covered by insurance, your practice will be ahead in revenue cycle management from the start. Ideal Billing will then have the information we need to obtain payment to your practice if it is not forthcoming in a timely manner.
Next, Ideal Billing will provide electronic charge capture. This is the most efficient and seamless way to transfer charges to a patient from his or her electronic health record and into your practice management system accurately and quickly.
Ideal Billing also performs charge entry and review. The vitally important task of using the correct billing code and related charge for the service is a key function in this step. Once that is done, iDeal Billing will recheck it for accuracy so incorrect codes or charges do not need to be corrected later, adding time to the revenue cycle.
Automated claims processes are the biggest time-saver a medical billing service can provide a practice. At Ideal Billing, electronic claims submission including secondary claims directly to the payer, electronic payments and electronic funds transfer are offered at a cost-effective price, and timed to speed up the revenue cycle, usually only possible by automating the process.
Our staff is also tenacious and determined when following up on denied or unpaid claims so they do not linger on your books. Ideal Billing will provide you with regular problem notification via a web-based dashboard that both Ideal Billing and you will have access to. We also handle patient billing and inquiries, and when necessary, collection agency reporting, credit balance and refunds management, and provide you with custom financial reports for your information.
With all this service available to you for a cost-effective price, why are you not an Ideal Billing customer yet? Give us a call today. We look forward to hearing from you and to meeting all of your practice’s financial requirements in one place – Ideal Billing Solutions.
Robert S. Testimonial
After switching to Ideal Billing Solutions, our monthly revenue has increased 30%. By outsourcing our billing operations, we have also been able to significantly cut our overhead costs, while maintaining quality of care.
Another Great Testimony from Our Client Linda K.
I am the office manager for a physician group. Before using Ideal, I spent a lot of my time with billing and dealing with insurance companies. Now I have the ability to spend more time making sure our patients are getting the level of care they deserve.
We want to thank all of our clients for sending in your testimonials. Do you have a testimony that you would like to share with us? Email Us HereRobert S.
Our Clients Tell Us that We Save Them:
Time – Your Time is Valuable and it Should Be Spent with Your Patients and Not Having to Fill Out Paperwork.
Money – Our Expertise in Medical Coding Gives Clients More Profits Each and Every Year.
- Did You Know that the #1 Complaint that Doctors Have is that They Spend More Time Filling Out Paperwork then They do with Their Clients?
- Doctors that outsource their medical billing to Ideal Billing Solutions say that they worry less about the bills and focus more on patient care.
Benefits to Using Ideal Billing Solutions
- Dedicated Team of Professionals with Service Managers on Site.
- Ability to Contact Us 24 Hours Daily.
- Payer Fee Schedule Analysis.
- Contract Negotiations for optimized coverage rates.
- E&M Coding Feedback Consultations to Increase Cash Flow.
- Month End Physician Consultations so that You Can Increase Your Cash Flow.
- A Top Medical Billing Company in the United States.
- Focused Audit Requests to Increase Cash Flow.
- Ask Us Any Question About Your Account on a Daily Basis.
- Our Clients Stay with Us Because We Deliver Results Fast.
- Medical Billing Services for All Types of Medical Practices.
- An Educated Staff that Understands ICD-10 Coding.
- We Service All 50 States.
- Full Time Staff of Medical Billing Experts.
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The High Costs Associated With Alcohol TreatmentTreatment for alcohol and drug addiction is costly. Many parents fear paying for their child’s addiction treatment because it often costs thousands of dollars. Even the best medical insurance can often have an out of pocket expense for over $5,000. If you don’t have that kind of cash in your bank account, it can be a nightmare getting a bed for someone desperately in need. Heroin and alcoholism have a lot in common. For starters, your life is on the line every single day that you stay addicted. Heroin can cause an addict to fall asleep and therefore overdose on the drug. An alcoholic can have a seizure and therefore die of alcoholism. Alcohol often destroys vital organs. It is important to take care of your addiction immediately. If you cannot afford to get treatment on your own, there are many faith based treatment centers and sober living houses that you can use. An addiction treatment program can cost as much as $30,000 for 30 days of inpatient care. Sometimes the costs are much higher. It all depends on where the facility is located and if there are additional costs for detox. Often a program with detox + inpatient treatment are around $40,000. The costs to treat someone with alcoholism is extremely high. Treatment centers must apply for and get approved for certain licenses and must employ physicians, nurses, behavioral technicians, life coaches, chefs, maintence and administrative staff and much more. The expenses to run a facility today are so high that most treatment centers close down because they cannot afford to stay open. Florida is seeing a high… read more
Multiple Reasons for Working With a Medical Billing ServiceIf your billing system is not efficient, a billing service can get you there. Each year, billing services help doctors and healthcare providers with their coding. You can reduce denials and cut down your operating costs significantly. Everyone wants to have more time to do the things that make them feel most happy. Medical billing companies help you do just that. Can medical billing companies deliver what they promise? Healthcare experts say that they can and the majority of physicians today are seeing the benefits of outsourcing. When you hire a medical billing service, you get multiple employees working for your account. Instead of having one person working on your coding/billing, you often have many. Coding companies know that in order for them to get paid, all of your claims must get paid on. There are a few medical billing companies that get you paid 99% of the time. That is a lot higher than the traditional 80% of the time that physicians are used to hearing. Most physicians are not happy with their in house billing team. Once they outsource, they rarely go back to using in house again. Some billers have experience in: vision care, nephrology, cardiology, chemotherapy and radiology. Others specialize in oncology and treatment centers. Also, the billers are always screened before getting hired. Billing companies already know that their candidates must be 100% HIPAA compliant. They also must follow certain guidelines and regulations. Doctors often do not know what the federal guidelines are and therefore rely on their billers to work out the details. However, the doctor is ultimately responsible for the billing that… read more
Medical Billing Jobs: Time Vs. MoneyThe field of medical billing is growing. However, is the pay getting better or staying about the same. Here is some good news and some bad news. The first is the bad news. If you want to earn more money in medical billing and coding, you are going to need to be ICD-10 certified and have a college degree. Most of all, you need to have experience in the field. You should have at least 5 to 10 years working with a professional healthcare facility. Your salary range will also depend on where you are located. The good news is that if you have the right credentials and experience, your pay can be well over $75,00 + per year. Billers making the most money are those that do billing, coding and other administrative duties. If you live in a state like New Jersey, New York and Massachusetts, your pay is often higher. Larger cities often give better paying jobs and your reputation matters. Doctors will either have positive or negative things to say about you. You may or may not know the difference between a coder and a biller. A coder codes the insurance claim before it is handed off to the billing service. If you can do both, you save the company both time and money. Therefore, you get paid more $$. It is important to have advanced skills in every aspect of the industry. You can take courses both online and in person in order to make this happen. If you want to have effective coding practices, it is best to tell others what you are dealing… read more
What You Need to Know About HIPAA ComplianceIf you work in healthcare and/or medical billing, you are already familiar with HIPAA. The laws have become a lot stricter with patient confidentiality and it is important to follow the rules. Violating the rules can get your medical practice closed down or seriously fined. The 2003 health insurance portability and accountability act regulates how healthcare providers handle information. HIPAA regulates how billing software is regulated and has made great improvements over the years. It is becoming a well-known fact that HIPAA compliance is necessary in order to have everything well balanced. Since HIPAA is strict on how billing is handled, many doctors have turned to outsourced billing companies to handle their claims. The laws have become so strict that many physicians fear not being in compliance. Therefore, having a professional billing company do the work for you helps your billing to be correct all of the time. Outsourced billing companies are experts in billing and work hospitals, treatment centers, private practices and other healthcare companies. Since billers do billing all of the time, their expertise is a lot higher than if they did not do billing. It is important to work with professionals that do good work. A professional medical billing companies file your claims electronically and saves physicians both time and money. There is an online management system that reduces the chances of errors from happening. Billing companies often use custom made software for oncologists, treatment centers, OB/GYN’s and chiropractors. It is necessary today to try and customize your software as best as you can. In this way, you can better serve your patients’ needs and bill… read more
Having A Secure Job As a Medical BillerEmployees are looking for job security. Before investing time with a company, they want to make sure that they can work for a company for a long period of time. Many companies today like to employ someone for a long period of time and then fire them because they become too expensive or simply see no need to use t heir services any longer. It is becoming more common for people to work from home than in an office. Today, we must see the many benefits of a career in medical billing. For starters, medical billers often work 9 to 5 out of a professional office. They rarely get to work from home anymore. The new ICD-10 coding system has put many people out of work that used to do billing from home. The new software requires billers to work with expensive software. The software can cost well over $10,000 and constantly needs to be upgraded to comply with today’s busy and often changing demands. Men and women that do well in billing are often already doing administrative duties. Billing requires an analytical way of thinking, patience and lots of concentration. There is a 17% shortage right now of qualified billers. This is a high number and the number is expected to grow. What makes someone qualified enough to get a job? For starters, having your ICD-10 coding certification is a must. USA law requires you to have your certification. You can work just as a biller without certification. However, the jobs pay relatively low and don’t give you many options. Many people that have worked for the military… read more
How To Have Less Headaches by Outsourcing Your Medical BillingImproving your medical billing takes time, effort and community. It is important to hire medical billers that want to work hard for you. Every medical biller in the world today is trying hard to please their boss by getting them higher revenues and more payouts on claims. It is becoming a problem because most billers and coders are not doing well with ICD-10. ICD-10 is a new coding system in the USA. It has been a coding system that has challenged many ICD-9 coders. In the past, it was a lot easier to get reimbursements from the insurance companies. Today, insurance companies are being strict about paying out on claims that it feels are not being filled out correctly. At the end of the day, insurance companies have the upper hand over medical providers. They can choose to either payout on your claim or deny it. You may get your claim back more than 3 times. Did you know that outsourced medical billing companies do a better job than in house billers? For starters, they are not paid like a regular employee. They are often paid on a percentage scale. The more that they make you, the more money that they earn. Doesn’t that sound fairer than paying an in house biller money and never knowing what you are going to get for your money? Doctors today are finding that medical billers work harder when they are outsourced. The main reason is that they don’t want to lose you as their customer. If they lose you, there is a good chance that they may not get you back ever… read more
Ideal Billing Solutions offers medical billing and coding services. Our team of experts will give your healthcare practice the kind of attention that it needs to get good revenues. Medical billing today is a lot different than it used to be. For instance, we now have ICD-10. ICD-10 coding got released on October 1, 2016. We have been training with ICD-10 long before it got released to the public. This means that our team has a lot more experience than most billers. You may find that your in house billing team is not getting good collections on your claims.
If your claims are being unpaid or underpaid, then it is a problem that you need to fix right away. Many physicians tell us that they need to have their entire billing process looked at. The main reason for this is that they are losing far too much revenue before working with us. When you work with Ideal Billing Solutions, you begin to see an expert of billers working hard to ensure your success. Medical billing services are serious business today. Without good billing, you cannot be as successful as you would like to be. Unfortunately, everything revolves around your billing these days.
When looking at your billing, ask yourself important questions. What are you hoping to gain from your billing? If you need increased revenues on your claims, then you often have to outsource it. Many newspapers and health journals are reporting that physicians are choosing to outsource their billing these days. The reason is because ICD-10 is so complicated that most billers cannot bill correctly. As hard as it may sound, you need to think seriously on the changes that need to happen at this point in time.
In the past, many medical billing services were able to give you good results using ICD-9. There were only around 14,000 codes and billing was a lot less complicated. Today, billing is much more complex. ICD-10 has over 100,000 codes. Sometimes a diagnosis needs multiple codes. The codes in ICD-10 are longer than they were in ICD-9. If you haven’t already bought new software, you will need to buy new coding software because your old software will not work for most of the codes. If you work with Ideal Billing Solutions, you don’t have to buy any new software. We take care of all your coding and billing needs. All of our coders are ICD-10 certified. You will be happy to know that we have many satisfied customers saying that they are already seeing a 20% to 30% increase in revenue while working with us.
Most physicians feel happier about working with us because they get to spend more time with their patients. A lot of physicians report that their patients are unsatisfied with the amount of time that they get to spend with them. It is often common to hear of a patient saying that they spend only 10 minutes with their doctor and it’s not enough time. However, doctors often have to spend 20 minutes figuring out the correct way to bill the patient. Insurance companies today are looking for any kind of mess up that you create. If they find a flaw in your claim, they will send it back to you. Many in house billers say that they often get their claims sent back to them 2, 3, 4 and even 5 times. Eventually they will either give up or take less than what they deserve to get paid.
If your company is looking for utilization management, revenue cycle management, benefit verification and a host of other services, then Ideal Billing Solutions can help you. Our clients come to us from all 50 states. They are seeking a medical billing company that understands their needs. Many of our clients are: treatment centers, nursing homes, hospitals, physician’s offices and drug and alcohol rehabs. If you have a healthcare business, we can work with you. We often like to think of ourselves as being a team with you. When you call our office, we will discuss in detail how we can provide our services to you. You will be shocked to find out how competitive our rates are. Our rates are much lower than other medical billing companies.
Some of the other services that we offer are: rapid electronic claims processing, audits, follow up on all claims, monthly patient statements, eligibility and verifications, admissions, negotiations with payment agreements, electronic claims agreements and so much more. You will find a host of medical billing services while working with us. Many of our clients say that we help them to get their business back on track again.
Many physicians are saying that they are leaving their medical practice because they cannot afford to stay open. They blame the insurance companies for being too strict with processing claims and not paying out fairly. However, is this really the problem? In our experience, this is not the problem. The problem is that most billers do not know how to code or bill correctly. At Ideal Billing Solutions, we only work with the best ICD-10 coders that have proven themselves. Our employees are screened throughouly so that you can see success. We only work with medical billers that have a proven track history of getting high revenues for healthcare companies. Ideal Billing Solutions is growing at a rapid rate and many of our clients are saying good things about us.
We also work with: chiropractors, OBGYN’s, cardiologists, dermatology, family practice physicians, gastroenterology doctors, internal medicine, mental health clinics, occupational therapy, oncology, ophthalmology, pain management, pediatric, podiatry, physical therapy, rheumatology, speech pathology, surgery centers and urologists. As you can see, our clients come from many different backgrounds. We have a staff that has worked in the healthcare industry for many years. We bring our years of experience to you. Our medical billing services are one of a kind. We are sure that you will find lots of peace and happiness while working with us. Let us show you how we can improve your medical billing today.
If you are a healthcare company and thinking about outsourcing your medical billing and coding, it may be a good idea. The medical billing services that you get at Ideal are exceptional. Our clients often tell us that we have superior skills in ICD-10. ICD-10 is hard for a lot of billers to understand. Many billers that worked with ICD-9 have told us that they do not understand a lot of the coding that goes on with billing. A lot of physicians are choosing to outsource today because most billing companies are experts in coding. Healthcare billing is becoming too complex for most physicians and nurses to understand. Billers today must be certified in ICD-10 and have years of experience working in billing. A lot of billers today have their associates, bachelors and master’s degrees. You often have to take courses in anatomy and physiology as well. Today’s billers should work alongside of doctors to help understand the patient’s treatments and ailments. It is necessary to document everything correctly. Many physicians get rejected claims because their billing was done incorrectly.
When physicians come to Ideal, they often tell us that they are frustrated with the insurance companies. They often tell us that they don’t know what they want anymore. We agree that ICD-10 can be an extremely frustrating process if you don’t understand this kind of coding yet. We have been working with ICD-10 for a long time now. We don’t have the same problems as most billers and coders are facing. We are experts in ICD-10 and want you to work with us because of this reason. When you work with us, you will find that we do your electronic medical records perfectly. Your EMR matters today for accuracy. Our clients depend on us for perfection.
Our medical billing software is one of a kind. It is designed to meet the needs of our clients. We take extra special care in updating our software consistently so that you can feel rest assured that everything is going to work out accordingly. Our coders do both inpatient and outpatient billing. Our clients often send us their testimonials of how they are doing. We enjoy hearing stories of increased revenues and more free time. Today, you have to be an expert in most industries. Doctors go to school in order to learn medicine. They cannot be expected to know the ins and outs of the medical billing industry. Most medical doctors agree that the billing system is to far complex to figure out unless you have gone to school to study billing.
Medical billing services are necessary for today’s healthcare companies. We offer services such as: informative financial reporting, claims follow up, charge entry and review, benefit verification, admission staff benefits training and monthly patient statements. There are many services that we offer that are customized as well. Our clients go into detail about what their needs are and Ideal customizes a plan that is right for you. You will find that our coders follow up on all claims and to the submission of UB04 and HCFA-1500 claims. You can be rest assured that we give rapid electronic claims processing as well. The shocking thing is that working with an outsourced company actually saves you money. You can easily spend over $100,000 a year with your own in house biller. Most outsourced medical billing companies charge between 4% and 15%. This includes software and everything else that goes along with billing. In actuality, you save both time and money. At the end of the day, everyone is looking to save money and cut costs. We all want to earn more money. Ideal Billing Solutions provides a way for companies to benefit and earn more revenue.
Thinking About Outsourcing Your Billing In 2016?
Outsourcing your billing to a professional company is often a big decision that most people are afraid to make. Many physicians today wonder if outsourcing is the right choice to make. In reality, outsourcing can be the best thing that has ever happened to you for numerous reasons. Billing today has become a lot more complex. You even have to be HIPAA compliant and ICD-10 certified. There are many factors involved in getting your claims approved. Many medical claims today are paid on with proper coding. A medical billing company needs to always be in touch with what is new. It is important to read journals on the topic of medical billing and coding. In the United States, there are thousands of companies that are having a problem with ICD-10.
ICD-10 doesn’t have to be hard. A lot of billing companies actually work well with ICD-10 because they have trained and prepared for the change from ICD-9. It is said that many coders today are going back to school in order to learn how to code properly. Proper coding is essential in getting to the next level of success.
Ideal Billing Solutions offers your company a way to succeed. You will find that outsourcing your medical billing to us gets you higher revenues. Many physicians use our services because we give outstanding customers support. Many coders say that we are in a new era of healthcare. In order to be good at coding, you are going to have to do it full time. Having a full time career in medical coding is essential for success. I find it to be easier to establish myself in coding with the help of people that want and need assistance. Life is often a hard and complex topic to discuss for most people. If you focus and concentrate on what is most important, you will find success.
Medical billing companies today must be well informed about the changes happening in the billing field. At Ideal, our coders are ICD-10 certified. They have years of experience and know what healthcare professionals are looking for. Many of our new clients tell us that they do not like what their in house billing team is doing and want to outsource. We have heard this many times before. Our employees are carefully screened for accuracy and success. We make sure that your medical billing claims are processed carefully and accurately. You will get weekly reports from us on how each claim is coming along. A medical billing service should provide you with a good understanding of what to expect. The future of billing is said to become more complex. The sooner that you outsource your billing, the better. Eventually you will come to see billing as being an easier task. When you outsource your medical billing to us, you begin to see results rather quickly. We begin to help you understand how powerful your revenues can become. The doctors that work with us are often satisfied with the results that we bring to them.