You provide a great service that deserves to be paid in full.
>> Increase your collections.
MedBridge billing services focus on one primary objective – collecting more per case. As one of the first companies to offer revenue cycle services exclusively to ASCs, our level of expertise is unequaled. Our experienced professionals have extensive knowledge of payor responsibilities both in and out of network. We work with you and your partners to improve dictation, often resulting in more billable codes and greater revenue per case.
Results
As our clients will attest, our team’s attention to detail and responsiveness to their needs is second to none. While customer service is very important to us, we also measure our success through quantitative results. We strive to collect as much as possible, as quickly as possible.
Every MedBridge billing client has seen a remarkable increase in collections per case. In fact, our average increase is over 30%. This is a testament to our experience, knowledge and aggressiveness in appeals. To ensure a short accounts receivable cycle, MedBridge adheres to detailed policies for expedient claim submission, claim follow-up, and an aggressive appeals process.
Read more about our comprehensive revenue cycle management services below:
Compliant Coding
All initial coding and review of denied codes is performed by CPC-certified coders with many years of experience. These coders have expertise in all ASC subspecialties, including new technologies. MedBridge has stringent processes in place to ensure accuracy and thoroughness of all codes, and outside audits are performed regularly. Realizing that revenue is limited by the thoroughness of dictation, we often communicate dictation techniques to ensure all billable codes are captured.
Claim Submission
All necessary codes are applied to the claim based on our comprehensive knowledge of payor-specific requirements. This claim is generated and submitted within twenty-four business hours of receiving all required documentation. We absorb the costs of electronic billing, postage, forms and other related expenses
Insurance Collections
As soon as a claim has been submitted, it is considered a “receivable” account. Claims are typically paid within thirty days of submission. If it is paid according to contractual and legal obligations, we can proceed to bill the patient for any remaining balance. If the claim is underpaid or denied, it triggers our aggressive appeals process to investigate and pursue the full expected amount.
Many billing companies write off the balance after receiving the first insurance payment. Based on our expert knowledge of insurance payors, we calculate an expected amount for every case, and work diligently to recover every dollar. From our vast experience, we know that insurance companies often do not pay correctly. We find ourselves educating the insurance companies on their payment obligations. Our appeals process—including a series of effective letters and aggressive phone calls referencing payor obligations and industry regulations—often results in 20-30% additional collections.
Patient Collections
Your patients are your lifeblood. For this reason, every patient is treated with the utmost respect. Our staff takes the time to educate patients on the billing process to achieve complete understanding. On your behalf, MedBridge provides billing statements and phone calls to obtain these amounts due, but not without a strong commitment to excellent customer service.
Payment Processing
MedBridge coordinates all deposits of insurance and patient payments, refund requests, payment posting, and credit card processing.
Intranet Access
We provide an advanced intranet for streamlined communication with you and your staff. This secure portal is often used for access to posted reports, common forms, explanations of benefits and refund requests.
Progressive Reporting
Many years of experience in managing ASCs provides our billing clients with an edge when it comes to revenue cycle reporting. We think like you think, and provide relevant reporting. Reports like the Billing Status Report and Transaction Log are provided weekly. Month-end reports like the Accounts Receivable Aging Report and Physician Totals Report are provided monthly. In addition, we generate custom quarterly reports that are extremely beneficial to your physician partners and investors.
Other Available Services
MedBridge is well-equipped to offer many other services that fall within the revenue cycle. Pre-Operative Authorization includes verifying benefits, calculating patient portions and alerting them of their responsibility on the date of service. We can work with your current transcription service, or can provide one if needed. Our Contracts Consultant is also available to negotiate new agreements or re-negotiate existing managed care contracts. Simply give us a call to learn more about any of our services.
To learn more about our revenue cycle services, call us toll-free at (855) MEDBRIDGE.
