MEDICAL BILLING ADMINISTRATION

An organized procedure for entering charges ensures over 98% precision, incorporating pertinent validations at each step to ensure a seamless and error-free process. Thanks to our exceptional accuracy standards, the likelihood of errors at this stage is nearly nonexistent.

The claim submission team at CareCloudMed boasts extensive expertise in both electronic and paper-based claim submissions. We meticulously focus on the nuances of claim submission formats for Medicaid, Medicare, and prominent insurance providers.

Mistakes in billing codes represent a significant cause of rejection or denial for medical claims. This underscores the vital importance of identifying and rectifying errors prior to claim submission to insurance providers. Our dependable claim scrubbing process guarantees precision.

The crucial aspect of the billing procedure revolves around the prompt collection of payment claims. An accumulation of unresolved claims can negatively impact the revenue goals of healthcare practices. CareCloudMed’s billing team excels in timely payer follow-ups, surpassing other medical billing companies in Maryland.

The account receivable reports for every medical practice hold significant importance as they offer a window into the financial well-being of the provider. Payment posting is the procedure that sheds light on the performance of billing and collection, aiding in issue identification.

Through regular payment statements and reports, CareCloudMed's team keeps providers informed about the billing progression and diligently pursues insurance carriers for on-time payments. These reports signal the presence of unpaid bills exceeding 120 days.