MedicalBilling Services
BillingParadise has helped many organizations and practices overcome their RCM challenges withourcomprehensivemedicalbillingservices. Here are 7 common reasons why healthcare organizations, RCM directors, CFOs, practice admins,andpracticemanagersreachouttous:
UnhappywithyourEHR/EMRprovider’s billing/RCMservice
Unawareoftechnologysolutions
Negligenceofexistingmedicalbilling
outsourcingpartner
Lackofexperiencedstaff
Improperpracticemanagement
Toomanyexternalaudits
Unworkedcharge,AR,anddenials
AtBillingParadise,wehavea7-stepapproach
toimprovingyourpractice'srevenue
We'll evaluate your revenue health by analyzing one year of financial data to provide insights on collections, bad debts, and revenue leaks. We'll help you determine collectible and nonamounts and recover lost revenue ngAR.
We'll evaluate your current medical billing process and set goals to increase revenue and improve patient satisfaction. Our team will provide support to your staff and implement updatedoperationmodules.
Step1:RevenueAnalysisandAudit
Step2:Re-structureyourMedicalBilling
Step3:SOPsandEHR
We'll evaluate your revenue health by analyzing one year of financial data to provide insights on collections, bad debts, and revenue leaks. We'll help you determine collectible and nonc amounts and recover lost revenue f ngAR.
Step4:FlexibleMedicalBillingStaffing
We offer selective and temporary RCM process servicestohelpfillgapsinyourstaffing.
Step5:Round-the-clockBillingSupport
Our 24/7 medical billing and RCM operations ensure timely claim submissions and reimbursement.
S cialty-specificMedicalBillingServices
W experienced medical billing staff for various specialties, making it easy for specialty medical group owners or RCM directors to identifytherightmedicalbillingserviceprovider.
Step7:EMR/EHRExperience
We'respecializedinmajorEHRsandcanprovide excellentmedicalbillingserviceswiththecurrent EHR/EMRyouuse.
TechnologyplaysavitalpartinBillingParadiseMedicalBillingServices:
TeamBillingBridge is a user-friendly platform for automation, communication, and reporting to streamline your revenue cycle. With detailed revenue cycle reports, project management,andaccountreceivabletracking,you'llhaveallthekeymetricsinoneplace.
OurHBMAbenchmarksforKPImetricsreportingincludeDaysinAccountsReceivable(A/R) of 30-40 days, P t ge of A/R Over 90 Days at 6%, a Non-Contractual Write-Off
Percentage of le the New Patient Ratio ranging from 25-50%, Payer Mix at 30%, and Referral Mi Our reporting features involve tracking AR days, assessing adjustments, an enue and AR by the provider, evaluating rejection and denial rates, RVU tracking, calculating payroll, and appointment wait time, and providing KPI reportswithtransparencyand24-hourproblemresolutionTAT.
For practices that require complete automation, we provide robotic process automation (RPA) for all medical billing processes including Patient appointment scheduling and registration
Patienteligibilityandbenefitsverification,Coding,Chargecapture/entry,Paymentposting Denialmanagement,appeals,Patientstatements,andcollections.
