As a medical billing 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 labor costs required. Outsourcing medical billing can increase the revenue of the healthcare facility 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 is a function that is crucial to any medical practice and hospital, big or small. More practices have run into trouble because they neglected the 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. There are many medical billing companies, but we are confident that we will remain as the industry leader, providing excellent services at a reasonable price.
We do not charge a per claim fee, nor do we "piece meal" your charges. We simply charge a small percentage of what we collect for you, if we don't collect you don't pay. We offer far more services for a lower rate. Our fees are from 4.5% to 6.5% based on specialty.
Medical billing FAqs
We have tried to answer the most common questions asked by established physician practices as well as new starts. Hopefully they will answer any question you have in regards to outsourcing revenue cycle management.Read More
Our experience account managers are responsible for making sure that all of your aged recivables are addressed and continually followed up on. We are relentless at resolving any lingering denied or underpaid claims.Read More
Our professional will not only give you the tools that you need to complete thourough chart audits to address your specific total quality improvement goals, but we will walk you through the process so that the staff understands.Read More
Medical coding service
Accurate and complete coding is fundamentally important to maximizing reimbursements in today's medical practices. Without the proper knowledge of medical coding and reimbursement rules, which sometimes seem to change on a day to day basis, physician practices rarely receive the reimbursements to which they are entitled.Read More
Claims processing through electronic billing is the most efficient way to drastically speed up your rate of reimbursement by eliminating data entry mistakes. Consolidated MD's medical billing service uses the most advanced practice management software.Read More
RAC Audits - get prepared?
Since this pilot program was so successful, CMS is now implementing RAC audits nationwide. All providers including hospitals and physicians could be subject to a RAC audit. Anyone who files claims with Medicare will be audited, to start no later than January of 2010. This includes physicians, hospitals, home health agencies, and Durable Medical Equipment providers.Read More
Why Choose us
If you are looking for a dedicated team that will provide your practice a Thorough, Diligent, Effective, and Cost Effective Medical Billing Solution to your total A/R management, Then Consolidated MD medical billing service is the only REAL SOLUTION.
If you are having headaches managing insurance claims, need to reorganize your records, need to increase your reimbursements or need to free up your medical staff, then Consolidated MD's Medical Billing Solutions will be able to help you.
Consolidated MD medical billing service will assist our healthcare providers/physician offices, hospitals, clinics by maximizing their revenue and minimizing their BOTTOM LINE COST.
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