Customized Hospital Billing Services for Your Unique Needs
At Medcare MSO, we understand that an optimized billing process is key to your hospital’s financial stability. We offer comprehensive hospital billing services to meet the unique needs of your healthcare organization. These services include hospital revenue cycle management, AR recovery & follow-up, credentialing, insurance verification, advanced EHR/EMR software, practice management, and patient engagement solutions.
Our expert billing and coding team will manage your entire revenue cycle. We process claims from beginning to end, so you no longer need to house, manage, and pay a billing department. When you partner with MSO, you can expect revenue growth of up to 30%.
Request a free AR assessment today and discover how we can eliminate your billing hassles!
Full-Service Lab Billing Company & Solutions
Medcare MSO offers support for all aspects of lab revenue management. Clients often start with lab medical billing, but once they see how well our system handles their claims, they add collections and then other services, particularly those that involve dealing with payers, such as credentialing, which can take a lot of time. We will also handle old AR accounts, and are very successful at getting payment for bills up to a year old. Our staff will handle payer credentialing, verification of patient insurance coverage, compliance audits, and anything else you may need.
Claims Management & Assessment
The main point of a lab medical billing service is clearly to obtain reimbursement for services you provide to patients. Our experienced billers scrub claims to eliminate errors before submitting them, greatly reducing rejections and denials. When these issues arise, our system for identifying the issue and quickly correcting it is very successful. A tremendous amount of revenue can be lost due to claims being abandoned, so regardless of the value, our system includes tracking each claim to ensure it is paid.
Collections – Old AR and Current Charges
In addition to reimbursement received directly for claims, there are often balances due from patients, collaborating providers or additional payers. We will manage all of those. Clear communication and an efficient system of our laboratory billing company combine to get much higher than usual receipts. Our handling of old AR accounts is highly successful even for balances due that are up to a year old. So, improve the billing cycle to reduce denied claims for all types of laboratories. We help improve the billing process for clinical and reference labs.
Our Comprehensive Hospital Billing Services
we take a comprehensive, all-inclusive approach to the hospital billing management and collection process. Not only do we continuously update our staff on changes in billing codes and payer procedures, but we also invest in the latest medical billing technology to provide the best possible service.
We understand that medical billing is not a one-size-fits-all solution. Your hospital billing system has its own set of needs. That’s why we offer customized billing solutions, including:
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Our Services
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EHR/EMR Integration
n order to avoid claim denials due to coding errors, software must be updated frequently—however, the cost of maintaining this kind of an information system can be prohibitive for labs. One of the greatest benefits of working with an independent laboratory billing services & solutions company is that you no longer have to worry about keeping up with coding changes and payer requirements. Our software can be integrated with your existing practice management, EHR and EMR programs, or it can be used alone to encompass all aspects of patient data and revenue management.
Comprehensive Laboratory Billing Solutions
Unlike many medical billing service companies that only service high-ticket providers, Medcare MSO’s innovative approach works perfectly for lab billing solutions where a high volume of low-dollar claims need to be processed. The efficiency of our system allows us to quickly scrub and file hundreds of claims, typically within 48 hours, and includes a manager assigned to each client who will track all claims, making sure each one gets reimbursed.
Detailed and Transparent Reporting
With Medcare MSO providing your laboratory medical billing solutions, you are relieved of the time-consuming and often tedious work, but will still know exactly what’s going on with your revenue. Our reports are presented regularly, and are designed to keep you abreast of several key performance indicators (KPIs). You will see how long it is taking to get paid and how the accounts-receivable balance is doing relative to the value of services provided, for example. You will see that you are getting paid faster and the proportion of unpaid bills gets smaller after working with us.
Risk Free Partnership
Our innovative approach of medical billing for laboratories is so successful that we offer a guarantee of at least a 10% revenue increase. And unlike some other laboratory billing companies, there are no hidden fees. No startup charges or setup fees will be added to your account balance. When you outsource laboratory medical billing to Medcare MSO, you are working with a trusted partner whose focus is solely on ensuring your success.
Lab Medical Billing Services
MSO’s expert billing for medical laboratory services includes scrubbing and submitting claims within a few days, then tracking all claims until they are paid, resulting in greatly increased revenue.
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Our Laboratory Billing Services
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