Medical Billing
End to End Clean Claim submission
Medical Billing
Successful medical billing hinges on the precise submission of claims initially, followed by diligent and timely follow-up.
Before submission, our seasoned team reviews all claims to guarantee the accuracy of revenue coding, CPT coding, HCPCS, and diagnosis codes, while ensuring alignment with your records for all service dates.
After submission, we take proactive steps to confirm claim receipt by carriers and persistently follow up on claims to swiftly address any delays, resolve issues, and minimize the time it takes to collect payments. Our extensive expertise and experience in working with insurance carriers are instrumental in expeditiously resolving claims with efficiency.
*Denials are meticulously reprocessed with carriers or corrected and resubmitted through our skilled billing team. We excel in identifying common issues that arise with different payers and approach each denial with a personalized strategy, ensuring swift resolution for these claims.
Medical coding
Claims Resolution Services- We diligently pursue every amount that's owed. Our process involves contacting insurance companies to follow up on outstanding claims and working with each company to correct the submission and ensure timely payment. We strive to not only correct the denials but learn from each claim to minimize the chances of future denials.
Account Collections-We implement a proven, automated recovery procedure that initially employs a gentle approach when communicating with your clients who owe debts, reserving a more direct approach only when necessary.
AR management
Our Services
Medical Coding
Accurate & Compliant Coding
Minimal Denials / Rejections
Fast Claim Correction & Resubmission
AR Management
Unpaid Patient Accounts
Unpaid Insurance Claims
Selecting the appropriate codes for each patient encounter is just the beginning; the key is to strike the right balance between revenue optimization and strict compliance.
Our certified coding specialists meticulously review every claim to ensure that you receive the highest reimbursement possible for each patient encounter.
We harnesses cutting-edge technology and automation tools to elevate coding precision and efficiency. Our commitment to industry-leading standards and adherence to regulatory guidelines enables us to consistently provide top-tier coding solutions to our valued clients.
Many practices struggle with in-house vs outsourced billing. Consider this:
In-House Billing Costs:
• Salaries: Employing a full-time medical biller can cost between $40,000 and $60,000 annually, depending on experience.
• Benefits: Additional expenses like health insurance, retirement contributions, and paid time off can increase this cost by 20-30%.
• Software and Training: Maintaining billing software, ongoing training for coding updates, and compliance with regulations add further costs.
• Turnover: Rehiring and retraining staff due to turnover can be disruptive and costly.
Outsourcing Benefits:
• Lower Overhead Costs: We charge a percentage of collections or a flat fee, which often totals less than the combined expenses of an in-house employee.
• Expertise Included: No need for ongoing training or software updates—we handle that for you.
• Improved Efficiency: Our dedicated team focuses solely on billing, reducing errors and accelerating claim submissions.
• Scalability: As your practice grows, we scale with you—no need to hire additional staff.
Our Fee Structure
At Assurance Billing Solutions, we believe in providing cost-effective and transparent pricing. Our fees typically range between 5-7% of collections per claim, which is highly competitive compared to the industry average of 6-9% charged by most medical billing companies.
This percentage-based model ensures that our success is directly tied to yours: if you don’t get paid, neither do we. By outsourcing to us, you not only save on the significant overhead of in-house billing but also benefit from a team of experts dedicated to optimizing your revenue.