Key Attributes of Our Medical Billing Services:
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Charge Entry
Upon receiving claims from your practice, they are input into Care CloudMED’s billing software for thorough processing. We ensure an accuracy rate exceeding 98% within 24 hours of receipt by automating your billing flow, meticulously handling patient data, conducting service eligibility checks, and facilitating fast communication with insurance carriers. With our Cardiology Billing Services, we aim to transform your practice into a cost-effective and profitable specialty.
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Claim Scrubbing
Care CloudMED reviews claims thoroughly to guarantee the processing of all relevant information. This involves addressing incomplete details and resubmitting rejected claims when necessary.
Insurance and Rejection
Care CloudMED maintains regular communication with each insurance company, adhering to payment schedules. We strive to ensure that your outstanding accounts receivable for 60-day periods remain below 20%, and for 120-day periods, they stay below 10%.
Payment Posting
Care CloudMED inputs details related to benefits, patient payments, and insurance payments into our billing software, ensuring the accuracy of accounts receivable records.
Patient Statements
We dispatch personalized statements to patients who have outstanding balances on their accounts.
Optimize Efficiency
Ensuring an accuracy rate of over 98% within 24 hours of receipt through the automation of billing processes, patient management, service eligibility checks, and prompt communication with insurance carriers.
Timely Claim Submission
Patient encounter forms, whether in paper or electronic format, are processed and claims are submitted to the insurance company within 48 hours of receipt.
Reporting
Our weekly practice scorecard encompasses information on booked revenue, collected revenue, outstanding revenue, etc. Additionally, ad hoc reporting can be provided if needed.
