WHAT IS MEDICAL BILLING?
Medical billing is a crucial but complex aspect of the healthcare system. Budget Billing Services plays a vital role in mediating between patients, medical billing service providers, and insurance companies. With over 15 years of experience in the medical billing industry, Budget Billing Services is o medical billing outsourcing company. Our team of highly trained and qualified medical billers provide top-quality services to both patients and healthcare providers. Outsourcing medical billing is an extremely beneficial and cost-effective solution for healthcare professionals in developed countries. It allows for the virtual management of a healthcare facility in a time and cost-efficient manner, enabling medical practitioners to receive proper reimbursement from insurance companies in a shorter timeframe at reduced rates.
Patient Information Entry
Medical Claims Transmission
Patient Information Entry
At Budget Billing Services, we follow a thorough verification process for every new patient. This includes entering patient demographic information, medical history, diagnosis details, and insurance data. For returning patients, we validate the previously stored information. Our online medical billing services allow you to easily access completed patient information at any time.
Medical Coding
Medical Claims Transmission
Patient Information Entry
At Budget Billing Services, our team of experienced coders handle the coding process with a high level of accuracy and attention to detail. If your bills are pre-coded, we will validate them to ensure proper coding and integrate them into the billing process to avoid up-coding or down-coding. Our goal is to ensure that the coding process is conducted efficiently and accurately.
Medical Claims Transmission
Medical Claims Transmission
Medical Claims Transmission
At Budget Billing Services, the medical billing process begins with the submission of a patient list, patient demographic information, and insurance card copies. These documents are used to electronically transmit medical claims to the claims transmission department, and are also filed for follow-up with all necessary information. This ensures that the claims process is handled efficiently and effectively.
Insurance Verification
Insurance Verification
Insurance Verification
Our medical billing experts verify insurance eligibility and benefits before obtaining pre-certification for procedures and diagnostic tests. This ensures that the necessary steps are taken before treatment is administered, and helps to streamline the medical billing process. Once the pre-certification is obtained, our team can move forward with the billing process.
AR Management
Insurance Verification
Insurance Verification
At Budget Billing Services, we prioritize the collection of outstanding accounts receivables (AR). To ensure timely collection and increase revenue, our team conducts regular follow-ups via phone and email. These efforts help to reduce the AR collection time and maximize revenue for our clients.
Payment Posting
Insurance Verification
Payment Posting
Our professional team is responsible for scanning and uploading copies of Explanation of Benefits (EOB) and checks into our system. If the claim is approved for payment, a payment will be issued to the provider (medical office) from the payer (insurance company). This ensures that the payment process is handled efficiently and accurately.
Claims Denial Management
Claims Denial Management
Claims Denial Management
Budget Billing Services' denial management services can help increase your revenue by minimizing denials. Our expert team and thorough processes ensure that denials and partial payments are properly assessed and followed up on. If necessary, we will contact patients and providers regarding the denial and process a secondary paper claim to resolve the issue. Our goal is to minimize denials and maximize revenue for our clients.
Claims Submission
Claims Denial Management
Claims Denial Management
We handle both electronic and manual claims submissions to insurance companies. Our team closely monitors the process to ensure that claims are submitted accurately and with minimal errors. If a claim is rejected by the clearinghouse, we work to rectify any errors and resubmit the claim. Our goal is to minimize rejections and ensure that claims are processed efficiently.