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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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“Everybody still does basically the same thing; they just do it in a different and better way that’s more efficient.”

Steve Wampler, MD
Greenhill Family Clinic

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“With AdvancedMD we got everything in one package, and the ability to ensure that we get maximum allowable Medicaid reimbursement.”

Charlotte Kientzy
Practice billing manager

“Our workflow has diminished as far as the redundancies, having to do the back-and-click here or check on this and check on that—it’s all right there!”

Johnette Lamborne
Office manager