Customized Hospital Billing Services for Your Unique Needs
At MedCare MSO, we understand that an optimized billing process is key to your hospital’s financial stability. We offer comprehensive hospital billing solutions to meet the unique needs of your healthcare organization. These services include hospital revenue cycle management, AR recovery & follow-up, credentialing, insurance verification, advanced EHR/EMR software, practice management, and patient engagement solutions.
Our expert billing and coding team will manage your entire revenue cycle. We process claims from beginning to end, so you no longer need to house, manage, and pay a billing department. When you partner with MedCare MSO, you can expect revenue growth of up to 35%. Request a free AR assessment today and discover how we can eliminate your billing hassles!
Our Success in Numbers
First Pass Clean Claims Rate
Reduction in A/R
Collection Ratio
MedCare MSO’s expert team uses advanced technology to streamline hospital billing, minimize errors, reduce costs, and ensure regulatory compliance.
AR Recovery Is One of Our Specialties
Our expert team collects up-to- date patient information, including the insurance company’s name, insurance cards, policy details, and identity documents. We verify insurance up front to accurately estimate patients’ financial responsibilities, such as copayments and deductibles.
MedCare MSO stays up-to-date on HIPAA-compliant standards for efficient billing solutions and collection services. Our medical coding experts perform multiple quality checks before submitting a coded bill to the payer. It ensures error-free claims and maximizes revenue growth.
MedCare MSO utilizes specialized EMR/EHR software to automate this process, ensuring faster and more accurate posting. We help identify areas for improvement, such as reducing denials or collecting outstanding patient balances.
We provide comprehensive AR management and follow-up services to help hospitals recover lost revenue. Our dedicated team prioritizes aged accounts and uses advanced analytics to identify every opportunity for collection. This is why we have a proven record of reducing AR by 35%.
We manage claim denials systematically with the IMMP process. IMMP stands for Identify, Manage, Monitor, and Prevent. First, we identify the reasons for claim denials. Then, we appeal it and have the insurer pay the claim. Lastly, we reduce future denials by revising processes and retraining staff.
We stay up-to-date on complex billing regulations, ensuring your charges comply with all payer requirements. Our expert billing team carefully collects data, analyzes it, and prepares the claim with accurate information.
How We Stay Ahead of the Curve
Complete Hospital Billing, Coding & Revenue Cycle Management
Ignored claims, denials, and underpayments can significantly affect your hospital’s revenue stream and bottom line, which can negatively impact your primary focus—patient care.
We streamline your revenue cycle by accelerating cash flow through faster collections and accurate billing. Our team takes the time to understand the eligibility criteria and coding requirements of your specific payer. This ensures that you capture all billable services and receive the maximum reimbursement for each claim.
MedCare MSO Helps You Get Paid Faster!
If your current hospital medical billing is done in-house, every repeated claim submission increases overhead expenses and results in revenue loss.
As a leading hospital billing company, we understand that even the most minute errors trigger claim rejections, and every claim that requires reprocessing is costing you valuable resources.
Our billers will review all of the claims and send them out within 48 hours. We excel at handling high-volume claims, currently processing over 75,000+ per day. Our goal is to ensure that you receive the maximum amount of reimbursement for all services rendered.
Advanced Hospital Billing Software for Streamlined Workflow
At MedCare MSO, we understand the importance of automated processes. That’s why we utilize our cutting-edge medical billing software. This software will enable your hospital staff to organize, store, and access patient appointments, demographics, and billing more conveniently and securely. It is entirely up to you whether to use your current software or switch to ours. Sign up today for a free demo and see how our software can streamline your hospital billing.