Beep tech medical billing specialists

As health care facilities strive to achieve greater operational efficiency, the role of medical billing companies is assuming significance. Health providers are increasingly outsourcing their medical billing functions to such companies thereby reducing billing related infrastructure and manpower costs, and improving their revenues.

Medical billing outsourcing has become popular in recent times as health facilities are finding it difficult to efficiently carry out billing processes on their own and suffering losses owing to billing errors. Most common medical billing related problems include manual data entry mistakes, errors in coding, missed charges, delay in claim submissions and rejected claims.

Medical billing specialists or companies can resolve these problems. Through medical billing outsourcing, both practices and hospitals can improve bottom lines by way of faster and more accurate claims submission and processing.

Medical billing services offered by third party billing companies include patient insurance verification, electronic charge capture, claims submission and tracking, payment posting, patient statements, claims denial investigation and follow-up as well as financial reporting. As required by HIPAA regulations, medical billing companies send out electronic claims to payers directly or through an electronic claim clearing house for faster claims processing. The claims are then diligently tracked and payments are posted accurately. In case the insurance plan of the patient doesn’t fully cover the medical costs, the medical bill service would issue a statement to the patient to pay up the difference.

With these functions carried out by medical billing specialists, errors are few and claims can be processed faster. Also, as these companies get claims thoroughly vetted by their experts for errors before submitting them to insurance companies, there are very less chances of delayed payment or claim rejection.

The other reason why more and more providers are using the services of medical billing companies is that they keep tabs on the constantly changing insurance requirements and CPT and ICD-9 codes and file claims accordingly. Also, by outsourcing medical billing functions, providers can now spend more time on patient care and expanding their practice.

Medical billing services

Medical Billing
Medical billing is one of the fastest-growing and most dynamic sectors of the health care industry. As a medical billing company, we serve as intermediaries between physicians or other health care providers and insurance companies, be they private or government-owned. Our Medical billing process involves collecting fees from insurance companies in order to compensate doctors and healthcare providers for their services.

Medical Billing Company
We have a number of health care providers as our clients who rely on our medical billing and coding process rather than handling their billing on their own. We save physicians and their practices valuable time that they can instead devote to providing better care to their patients, and their expertise ensures that the medical billing and coding procedure is carried out correctly. This makes the process easier on the insurance companies, and enables doctors to receive their payments in a more timely fashion. Additionally, our professional medical billing processes save patients the trouble of dealing with doctors, insurance providers or even collections agencies.

Medical Billing Outsourcing
As a medical billing outsourcing company, our role is very significant in achieving efficiency for healthcare companies. Healthcare companies outsource their physician billing requirements for various reasons like reducing the facility costs and labour costs requeried. Outsourcing medical billing can increase the revenue of the healthcare facilities to a large extent. There is a high chance of encountering losses by managing the billing process on their own. For this main reason these companies go for outsourcing the physician billing services. As leaders in the industry we also strive to achieve maximum profits for our medical insurance billing clients.

Medical Billing and Coding
Medical billing and coding is a function that is crucial to any medical practice and hospital, big or small. More practices have run into trouble because they neglected financial part of their practice. It used to be normal for either the doctor to handle this himself or just hire someone to come into his office and take care of this either full time or part time. But things have changed drastically over the years and it is simply not practical for a doctor or any medical practitioner to take care of the medical billing and coding himself or hire someone who is not trained for this.

It also used to be very difficult and cumbersome in the days when the entire physician billing and claims filling and processing was done manually. It was slow and prone to a lot of errors. It was also very expensive. For a small practice or hospital with a few hundred or thousand patients, it became very difficult to maintain records. It was extremely difficult and slow to store, maintain and retrieve any information.