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. With an assurance of accuracy exceeding 98% within a 24-hour timeframe, we achieve this through the automation of your billing flow, meticulous handling of patient data, service eligibility checks, and swift communication with insurance carriers. Our Cardiology Billing Services aim to elevate your practice into a cost-effective and profitable specialty.
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Claim Scrubbing
Care CloudMED scrubs claims to ensure that all relevant information is processed. This includes following up on incomplete information and re-filing rejected claims.
Insurance and Rejection
Care CloudMED maintains regular communication with each insurance company, adhering to payment schedules. We aim 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 precision of accounts receivable records.
Patient Statements
We dispatch personalized statements to patients with 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.
