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 comprehensive processing. We ensure an accuracy rate exceeding 98% within a 24-hour timeframe by automating your billing flow, meticulously handling patient data, conducting service eligibility checks, and facilitating fast 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 thoroughly reviews claims to guarantee the processing of all relevant information. This involves addressing incomplete details and resubmitting rejected claims as needed.
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 with outstanding balances on their accounts.
Optimize Efficiency
Ensuring an accuracy rate of over 98% within 24 hours of receipt by automating your billing flow, patient handling, service eligibility checks, and fast communication with insurance carriers.
Timely Claim Submission
Within 48 hours of receiving patient encounter forms, whether in paper or electronic format, we process and submit claims to the insurance company.
Reporting
Our weekly practice scorecard includes details of revenue booked, revenue collected, revenue outstanding, etc. Ad hoc reporting can also be provided is needed.
