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Error-free Commerical Practice Billing to Maximize Hospitals’ Revenue
Successful procession of correct hospital claims to Medicare and Medicaid to ensure fair reimbursements. Revenue cycle optimization to streamline cash flow and help providers achieve dream success in medical practice.
Commercial healthcare billing is challenging and time-consuming because it covers a range of doctors from different specialties and patients with different insurance coverages. Well, Marklab’s well-educated and trained professionals efficiently handle the process by verifying providers’ credentials and offering HIPAA-compliant transcription. Moreover, they also help with practice coding adhering to CMS, ICD-10, and CPT.
Furthermore, our staff checks patients’ insurance coverage before treatment to avoid billing confusion. Also, the team scrubs all your medical claims after filling to ensure each detail is correct, complete, and coherent. In case of uncovered services, they promptly collect outstanding balances from patients. Additionally, the professionals record all encashed and in-process medical claims for easier revenue cycle management.
Why Choose Us?
There are multiple hospital billing service providers out there, but Marklab outshines all. Here is why you should outsource hospital billing to us:
- Experienced Hospital Billers
- Unparalleled Credentialing
- Regular Financial Reporting
- 20% Revenue Boost
- 24/7 Services
Hospital Billing Plan
Hospital billing is a detailed procedure because of multiple doctors, insurance providers, and patients. However, we simplify it following a unique plan, i.e.,
- Document Collection
- Coding Application
- Modifier Application
- Claim Scrubbing
- Submission & Payment
Upcoding is a common problem in hospital billing due to improper treatment documentation and leads providers to fraudulent charges. To minimize the problem, our billing specialists carefully verify performed procedures and apply codes accordingly. Additionally, they practice two-layer quality assurance at each step to ensure no excessive or missing codes.
Frequently Asked Questions
Efficient hospital billing is crucial to providing high-quality commercial healthcare. However, providers have their concerns regarding the billing process. Below we have answered some questions that they frequently ask. Whether you’re running your hospital at small or bigger scale, these will effectively clear your confusions. Let’s have a look:
Common reasons for claim denials in hospital billing are errors in coding, lack of medical necessity authorization, incorrect charge entry, incomplete claims, and missing insurance coverage verification.
Yes, the hospital can bill patients directly in case of claim denials from insurance providers. However, note that the process depends on the patient’s insurance contract.
A chargemaster is the list of billable services, i.e., procedures and suppliers provided by the hospital. A chargemaster determines what charges patients or their insurance providers will pay.
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