ML Medical Billing follows up on every denied claim immediately to obtain a more timely turnaround for payment. Staying on top of denied claims can be a time-consuming effort that is often difficult to keep track of if not a medical practitioner’s sole focus. Unfortunately, dealing with denial management and tracking becomes especially difficult for busy physicians who have patient needs to tend to. The professionals at ML Medical Billing will provide your practice with:
- Proven methods to win appeals
- Aggressive claims collection
- Rapid claims turnaround
According to hospital reports claims resulting in a “denied state” range between 10-20% of open A/R. This means a very large percentage of health professionals’ net revenue is in an open state of denial. Not only is this process time consuming but it’s keeping hospitals and physicians from payments that would likely increase overall productivity. With help from ML Medical Billing, your business will receive the payment for services rendered in a timely and efficient manner.
Denial Management and Tracking
With over 30 years of experience providing the most sophisticated and effective solutions available for the full billing and revenue cycle, including comprehensive denial management, we have helped our clients increase their profits by as much as 10% – 20%. In addition to minimizing claims denials and the resulting loss of revenue, our experienced account executives and medical billing experts can help to mitigate the often substantial administrative and operational costs associated with maintaining a billing department in-house.
Our services are fully customizable, allowing us to design a unique denial management and tracking program specific to your practice’s needs. Just a few of the many services available through ML Medical Billing include:
- Charge capture
- Claims scrubbing
- Claims submission
- Denial Management
- In-house patent collections
- Reporting and analysis
- Comprehensive insurance claims follow up
Next, read more about medical practice management.