Healthcare billing services are designed to aid healthcare professionals facing the complexities of medical billing operations, with challenges such as:
- Lower A/R
- Low cash flows
- Insufficient resources
- Declining reimbursements
- Lack of reporting/analytics
A healthcare billing service provides effective support for these issues by managing end-to-end revenue cycle management, denial management and resolution, revenue cycle assessments, physician billing and A/R recovery.
Industry research and survey results have found medical practices in the United States are spending an estimated $83,000 every year. Not only are these practices spending a lot of money, they’re also spending a lot of time. Medical and practice support staff are spending, on average, 20 hours or more every week on billing and claims submission process. A healthcare billing service will significantly reduce costs as well as eliminate the amount of time healthcare providers are spending on these tasks. Let ML Medical Billing help you:
- Manage patient billing
- Increase collections
- Provide CPT, ICD-10 and HCPCS coding expertise
- Evaluate reimbursement rates
- Reduce your expenses and maximize profits
Healthcare Billing Service
ML Medical Billing has over 30 years of exclusive billing and practice management experience, with a reputation built on word of mouth referrals, one happy and satisfied practice at a time. With a combination of modern, state of the art cloud-based technology that is customizable for each practice’s specific goals and needs, along with good old-fashioned customer service and dedicated account executives, our medical coding and practice management solutions get results.
Maintaining a billing and insurance claims department in-house can lead to inaccurate and ultimately denied claims, which costs your practice time and money each year. ML Medical Billing manages the process from start to finish, allowing practices to reinvest their resources in providing patient care.
Next, read more about healthcare revenue cycle management.