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October 4, 2018

Best Medical Billing Services: Our Recommendations

Blog Article

Medical billing services remove the arduous task of revenue cycle management (RCM) from busy medical practices and place it in the hands of experienced professionals. However, with so many different medical billing services out there, how can you know which one meets your standards? After all, it is the financial health of your business you are entrusting to a third-party. With something so intricate and consequential as medical billing, you need to be sure the service you partner with will deliver quality results.

To help you choose the best partner for your RCM, Business News Daily reviewed the best medical billing services for medical practices. Here is a roundup of our best picks for 2018 and an explanation of how we chose them.

AdvancedMD is a slightly more expensive solution than others, but it includes a comprehensive service that incorporates fees into one simple percentage of net collections. Pricing varies depending on monthly encounters, number of providers, and a pre-specified minimum depending on a practice’s level of need.

Its medical billing services are covered by annual contracts that guarantee a first-pass claims approval rate of 95 percent, which is exceptionally high. AdvancedMD achieves this rate by utilizing the same software the clearinghouse uses to scrub claims, essentially catching any errors that would be flagged before submitting the claims for payment.

The service includes an implementation and onboarding team as well as a U.S.-based support team that is available from 8:00 am to 8:00 p.m. EST on business days. To learn more about AdvancedMD’s medical billing service, see Business News Daily’s full review here.

By Adam C. Uzialko, Staff Writer, Business News Daily, August 9, 2018.

 

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Topic: Revenue Cycle Management | Content Type: Blog Article

“Having integrated practice management and EHR is absolutely wonderful, you don’t have to flip back and forth between systems—all of your information is at hand when needed.”

Raju Raval, MD

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“Other companies made their offers, but they required so much more money up front, I’ve seen a lot of different systems in my 18 years in billing. If you are looking for an easy-to-learn, cost-effective solution, AdvancedMD is your answer.”

Gloria Johnson
Billing manager

“[Our] patients are very well-educated and well-informed, and they want to see results quickly. The practice has to run extremely efficiently and be accessible to them. The nice thing about [AdvancedMD] is it has allowed me to be more efficient both in and out of the office. Now I don’t have to come back into the office, which is great for my family and everything else. It saves me a lot of time – probably an hour a day on the three days I work in the second office.”

Keith Berkowitz, MD
Center for Balanced Health

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“The nice thing about AdvancedMD is claims are cleared before they are forwarded to various insurance companies. We know very, very quickly if we have some defective portion on our claim.”

Dwight Romriell, DMD

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