Medical billing is essential to health care institutions, ensuring patients are reimbursed properly. Outsourcing this service allows you to free up valuable time and devote more time to patient care. What are the best medical billing outsourcing companies that can help ensure a healthy revenue cycle? Discover five qualified service providers.
- Global Healthcare Resource
Global Healthcare Resource(Opens in a new window) is one of the best medical billing outsourcing companies. With over 20 years of experience and over 7,000 HIPAA-compliant coders, billing professionals and call center agents, it provides cost-effective solutions to maximize your company’s productivity and return on investment. It can integrate with any electronic health record (EHR), allowing administrative teams to simplify and automate processes like patient demographic entry and benefits eligibility verification.
The provider’s medical coding experts provide 24-hour turnaround times, ensuring your revenue cycle remains efficient. Schedule a free consultation and get a quote online.
Key features:
- Leverages expertise to assess opportunities to make medical billing processes more efficient
- Simplifies revenue cycle management (RCM) tasks
- Features an online savings calculator, which allows you to calculate your possible savings should you partner with the company
- Employs highly trained billing professionals
Medical billing services:
- Scheduling
- Eligibility verification
- Pre-authorization
- Medical coding
- Patient demographics
- Charge entry
- Payment posting
- Denial management
- Accounts receivable follow-up
- AdvancedMD
AdvancedMD(Opens in a new window) has a team of billing specialists that provides best-in-class RCM services to help streamline your billing processes. It uses smart applications for faster reimbursements, higher claims processing and increased revenue. Some of its customizable clinical tools include the AdvancedMD mobile application, a smart EHR dashboard and patient cards to help patients access clinical documentation faster. Join the AdvancedBiller Grow program for exclusive lead generation, freebies and premium support.
Key features:
- Uses Amazon Web Services as its medical office software, allowing easier accessibility between patients and health care providers
- Provides flexibility to utilize services for a few months of the transition period
- Offers low upfront costs
Medical billing services:
- Claims submission
- Collections
- Appeals
- Statements
- Dedicated U.S.-based patient call center
- DrChrono
DrChrono(Opens in a new window) is known for building the first EHR mobile application and offering top-notch medical billing services. It is dedicated to achieving higher payment collection, increased clean claim rates and low denial rates. Its fully integrated medical billing software eliminates the need for manual inputs and human errors, ultimately improving internal processes. Consider the Apollo Plus tier to access a team of CPC-certified coders and billing specialists.
Key features:
- Offers real-time insurance eligibility checks
- Provides medical billing software with robust features
- Presents billing reports with real-time insights
Medical billing services:
- Billing profiles
- Good faith estimates
- Real-time eligibility
- Claims submission
- Denial resolutions
- Patient statements
- Medical codes
- Coronis Health
Coronis Health(Opens in a new window) specializes in optimizing emergency medicine medical billing processes. It understands the challenges of staff shortages and traditional RCM and billing operations that lack financial transparency. Partnering with this company means getting a fully optimized and seamless experience for your hospital personnel. You get an optimized workflow that delivers insights, ensuring you can make sound decisions for your business.
Key features:
- Integrates existing systems with automation, AI and other features
- Has decades of experience collaborating with RCM leaders
Medical billing services:
- Billing and coding
- Accounts management
- Collections
- Accounts receivable follow-up
- Eligibility verification
- Denial management
- Credentialing
- Coding analysis
- Technology integrations
- GeBBS Healthcare Solutions
GeBBS Healthcare Solutions(Opens in a new window) provides RCM services, elevating your entire billing process. Its team of billing professionals uses AI-enabled technology to boost claims management and increase cash flow. This firm is committed to achieving compliance standards, allowing you to focus on providing value-based patient care. Whether you are managing health plans or health systems, its staff will help you achieve your financial and productivity goals.
Key features:
- Has over 3,000 skilled coders
- Offers agile customer service with a 20-second response time
Medical billing services:
- Accounts receivable follow-up
- Cash application
- Credit balance resolution
- Denial management
- Claims billing and cash recovery
Benefits of Outsourcing to a Top Medical Billing Company
Outsourcing medical billing means partnering with a third-party firm to handle and process billing-related tasks. This allows you and your staff to enjoy the following benefits:
- Cost savings: Hiring in-house medical billing experts can be costly, requiring onboarding, training, salaries and benefits. Working with an external firm can eliminate such expenses.
- Quality patient care: Billing is time-consuming. Assigning it to professionals allows your health care providers to focus more on delivering top-notch patient care.
- Improved accuracy: Keeping up with medical billing updates can be challenging, which may result in denied claims or payment delays. Partnering with the best medical billing outsourcing company can mitigate these risks.
Simplify Medical Billing
These outsourcing firms offer the best medical billing services in the industry, allowing you to focus on quality patient care and optimize your revenue cycle. Contact any of these qualified companies if you wish to know more.