3 Medical Billing Companies Making a Difference in RCM

Posted by FredAndrews on May 21st, 2019

Medical billing is the process of provider's payment in the US healthcare system. As public guardians, doctors are paid for rendering services to the patients. Payment occurs through medical billing companies against scheduled appointments, emergency visits, and e-visits in the digital health scenario. Hence, the role of these outsourcing companies is crucial to providers!

Part the process includes the creation of claims, medical coding, and entry of charges keeping in view the accuracy before anything else. Accurate claims go through the clearinghouse without any problems. It is the duty of the medical billing and coding team to ensure consistency of data. It is usual for such companies to address pending claims, accounts receivable (AR) management and revenue cycle management (RCM).

Today I am going to discuss 3 companies making a difference in the RCM process.

  1. 5 Star Billing Services, Inc.

Unlike many startups and veteran companies, it is commendable just by the sound of it. The moment ‘5 Star’ shows against a service, it automatically has to live up to that name for better or worse. In this case, it has shown character and lived up to its name. Medical billing companies like 5 Star Billing Services look to build long-term relationships rather than accomplish short-term goals.

The homepage of their website runs sliders in which you see one-liners exhibiting their list of skills and characteristics. They deal with specialty-specific entities, surgeons, chiropractic physicians, and clinicians from every field of medicine.

  1. 24/7 Medical Billing Services

I know the name starts from a number which is exactly what it means to have them on board. You get 24/7 support with 24/7 medical billing services. Outsourcing companies such as this one speed up the RCM process, and once you get the hang of it; the process is as straight as an arrow.

According to their homepage, they deal in at least 41 specialties. It is enough to handle physician’s RCM, perform follow-ups with insurance companies, and communicate with the patient for pending payment. The payer, provider, and the patient are connected in a chain of events in a tiered process.

The first tier sends the claim to the insurance company. The second accepts or rejects the proposition, and in the third one, you either follow up or rearrange the claim for resubmission.

In each case, they try to be meticulous in procedures and actions. However, sometimes the billing companies lose composure and fail at tasks. The better out of the lot are those who come out of temporary failures and rise above their mistakes.

  1. P3 Healthcare Solutions, Inc.

P3 Healthcare Solutions or P3Care.com is a credible name in the medical billing industry. It is a name of efficiency and uncompromised integrity. When the claims need immediate acceptance, where do you go?

The answer is P3Care!

It is a complete healthcare revenue cycle management solution.

Let me quote part of the review published on Clutch.co, a B2B ratings and reviews portal.

Mr. Lou Galterio, founder SunCoast RHIO, Florida talks about P3 in an interview with Clutch:

“They make sure our billing runs smoothly, that reimbursements get sent to the right people, and that the charges are correct on the first time. If something is wrong, P3 Healthcare Solutions goes through the necessary steps to set things straight.”

That’s right!

What differentiates them from the rest is their persistence and ability to make things right!

Mistakes are a human trait after all, but to amend them and stand for principles is what ranks them with the top medical billing companies to date.

Their homepage is descriptive enough to classify them among the top business associates in the world of HIPAA.

Some of their functions include -

  • Medical billing and coding for all specialties and physicians in general
  • HIPAA security risk analysis
  • Medicaid meaningful use
  • MIPS data submissions
  • Submission of Promoting Interoperability (PI), Improving Activity and Quality measures as MIPS Qualified Registry
  • Credentialing and enrollment

Subscribe to P3Care for medical billing assistance in Ontario, California and follow them on Facebook here - https://www.facebook.com/p3hsolutions

What are the traits of a good medical billing company in your opinion?

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