Precise Billing Services:
Claim entry and charging
One of the most crucial phases of the medical billing process is charge entry. It determines the total amount of reimbursement an insurance provider will give a healthcare organization. The charge entry process is the most crucial phase, hence it’s critical to hire charge entry specialists with extensive experience and training. Precise Billing Services’ charge entry services can assist healthcare organizations in enhancing and maintaining continuous revenue, preventing payment delays, and reducing the incidence of denied and rejected claims. Our team of charge entry experts makes sure that every charge entry we conduct is absolutely error-free by attending to even the tiniest details, which may have a significant impact on the claims in the future.
Paper and Electronic Claim Submissions
claim for health insurance One of the crucial phases in the medical billing process is submission. After the insurance company pays the dues, it establishes the amount of reimbursement that the healthcare provider will receive. It’s critical to comprehend what takes place when a claim is submitted to the insurance company. It is essential to outsource the submission of claims process to an expert service provider because it is one of the most significant processes and requires a lot of time and resources.
With the necessary expertise, Precise Billing Services can meet the needs of clients from a variety of industry sectors. For submission of claims and daily processing, we offer quick response times. Among our main insurance claim processing services are the following:
SUBMISSION OF RECEIPTS
The first step is to request an itemized bill from the healthcare provider that includes a list of the services they rendered to the patient, the associated cost, and the appropriate treatment code. The Precise Billing Services team will help you gather all the necessary paperwork and receipts.
COMPLETING A CLAIM FORM
The claim form includes information on the patient’s ailment and the services that were rendered. It also establishes whether or not the costs were covered by the client’s insurance policy. You can get assistance from our staff at Precise Billing Services by providing the information below on the claim form:
Personal data (name, address, and date of birth). Policy identification number. a backgrounder and the purpose of the visit. Name and location of the healthcare provider. any information on costs that the patient has already covered.
SUBMITTING AND REVIEWING CLAIMS
Our team will make a copy of each form and document as a backup once all the claim information has been entered. Precise Billing Services will carefully review the information and, if necessary, make any modifications. Precise Billing Services send the claim to the insurance company once all the information is complete and the necessary documents are attached.
Precise Billing Services bill all payers, whether electronically or on paper, and manage third-party invoicing to ensure quick payment. Government, commercial, and private billing claim corrections and resubmissions.
Dedication to denial management and recovery from AR
PBS has a focus on ageing and A/R recovery. Unpaid insurance claims are a widespread issue for all kinds of medical practizes. Due to this, cash flow is reduced, and revenue is lost. Precise Billing Services send our dedicated team of Ageing A/R specialists to pursue every old claim. Precise Billing Services can assist you with your ageing A/R even if you don’t want to outsource your complete billing process. It can help if your internal billing team is struggling to keep up with ageing. To ensure that clean claims are filed on the first try, we examine and fix transmission denials. checking the status of outstanding claims with insurance companies, resubmitting unpaid claims as necessary, and filing appeals.
Patient Declarations
insurance premiums are so high, employers now offer their workers health insurance plans that have higher deductibles. higher co-insurance, higher co-pays, and many services that are simply not covered. More patients now owe your practise balances as a result of this. Billing patients for these balances is a part of precise billing services.
Despite the fact that Precise Billing is not a collection agency, we make every effort to obtain payment from you. We work to assist your patients with bill-paying. Three patient statements, a demand letter, and follow-up phone calls will all be sent out.
Posting of Payment
Payment posting, one of the key processes in the medical billing process, is essential for a successful revenue cycle. Any denials can be handled using accurate payment posting techniques after payments have been posted to patient accounts. However, timely completion and meticulousness are crucial components of the payment posting service and cannot be accomplished by just anyone.
To guarantee that the outsourced payment posting in medical billing process is finished in accordance with your company requirements while preserving industry standards, we adhere to best in quality management and information security.