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 assure an accuracy rate exceeding 98% within 24 hours of receipt, achieved through the automation of your billing flow, meticulous handling of patient data, service eligibility checks, and prompt communication with insurance carriers. With our Cardiology Billing Services, we aim to elevate your practice into a cost-effective and profitable specialty.
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Claim Scrubbing
Care CloudMED reviews claims thoroughly to ensure the processing of all pertinent information. This involves addressing incomplete details and resubmitting rejected claims as necessary.
Insurance and Rejection
Care CloudMED maintains regular communication with each insurance company, adhering to payment schedules. Our goal is to ensure that 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 covers information on booked revenue, collected revenue, outstanding revenue, and more. Ad hoc reporting can also be provided as needed.
