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Charge Entry
Upon receiving claims from your practice, we input them into Care CloudMED's billing software for streamlined processing. Through automation in billing flow, meticulous handling of patient data, eligibility checks for services, and prompt communication with insurance carriers, we assure an accuracy rate exceeding 98% within 24 hours of receipt. Our Cardiology Billing Services are designed to convert your practice into a cost-effective and profitable specialty.
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Claim Scrubbing
Insurance companies may deny claims with incomplete information, leading to a time-consuming and labor-intensive re-filing process. Care CloudMED meticulously scrubs claims to guarantee the inclusion of all necessary information for seamless processing. In cases of incomplete information, we proactively follow up with the practice. If re-filing becomes necessary, we bear the cost of the process with no additional charges to the client.
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Insurance & Denial
Claims not settled by a specified date are identified and pursued to ensure timely collection. Care CloudMED conducts follow-ups with each insurance company in accordance with their individual payment schedules. Our goal is to maintain your outstanding accounts receivable at or below 20% for the 60-day category and below 10% for the 120-day category.
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Payment Posting
Care CloudMED records all explanation of benefits, patient payments, and insurance payments in our billing software to uphold precise accounts receivable.
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Patient Statements
We dispatch tailored statements to patients who have outstanding balances on their accounts.
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Maximize Productivity
Assist your staff in the entire practice workflow, encompassing patient management and document uploads, and the secure transmission of messages.
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Timely Claim Submission
We process and submit claims to the insurance company within 48 hours of receiving patient encounter forms, whether in paper or electronic format.
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Reporting
Your practice's doctor will receive a weekly practice scorecard, which includes information on booked revenue, collected revenue, outstanding revenue, and more. Ad hoc reporting can also be provided upon request.
Specialties
Care CloudMED excels in enhancing operational success in the healthcare industry by providing impeccable professional front office management services that not only reduce costs but also establish us as leaders in the field. Entrust us with the tasks you lack time for, and reach out to discover how our tailored services can effectively address your unique requirements.
Free Practice Consulting