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Medical Billing Services
Secure, Fast, and the Most Affordable Billing Solutions
Medical billing and coding services by SybridMD are not just another billing solution to outsource medical billing and transcribe patient data into billing codes. An expert team of medical billers and coders at SybridMD ensures timely preparation of the claims and expedite the overall process to ensure that medical practices get maximum reimbursements in less time.
Feature Rich Medical Billing Service
Structured Charge Entry
A systematic charge entry process guarantees more than 98% accuracy with relevant checks at every stage to make the process smooth and accurate. Due to the maximum accuracy level we maintain, there are almost zero chances of errors at this stage.
Fast Claim Submission
SybridMD’s claim submission team is well experienced in electronic and paper-based claim submissions. We pay attention to the smallest details of the Medicaid, Medicare, and major insurance carriers’ claim submission formats.
Reliable Claim Scrubbing
Errors in billing codes are one of the major reasons that medical claims are rejected or denied. This is why it is very necessary to find and eliminate errors before the claims are submitted to payers. Our reliable claim scrubbing ensures accuracy.
Billing and Collections
The most important segment of the billing process is the timely collection of the payment claims. If there are an increased number of outstanding claims, it can hurt the revenue targets of medical practices. SybridMD’s billing team timely follows up with each payer.
Payment Posting Process
Account receivable reports of each medical practice are very important as it provides insights into the financial health of the provider. Payment posting is the process that makes it clear that how the billing and collection process is performing and helps in identifying issues.
Financial Statement Reports
With periodic payment statement and reports, SybridMD’s team keeps providers updated about the whole billing process and follow up with the insurance carriers for timely payments. These reports indicate if there are outstanding bills beyond 120 days.
Start your free, 30 day trial today!
Start your practice with our assistance without paying any setup charges or any cost other than our service fee. Sybrid MD’s services are not software-dependent and we work seamlessly with all practice management tools. Contact Us or Request a Free Quote if you are interested in our Cardiology Billing Services, our support team is available 24/7 to answer your queries for free.
Why Outsource Medical Billing Services to Sybrid MD
Sybrid MD employs a highly trained billing staff that can remotely handle specialty billing with remarkable efficiency and accuracy. The company has served more than 100+ practices in 22 states. Outsource medical billing services to a team that works closely with providers to decrease the stress of the billing and boosting the revenue collections. Our support team is available 24/7 to help our clients in a personalized way, listening to their problems, and providing the best results.
FAQs
The medical billing cycle is a process that starts with patient appointment, entry, eligibility check, coding, charge entry, and moves on to claim submission, payment posting, AR review, and denial management.
RCM (Revenue Cycle Management) is a system to get through with the financial transactions between patients, healthcare providers, and payers. Clinical administration manages the revenue cycle starting from patient registration, payment posting, and the exchange of information between patients’ statements and payment systems.
AR (Accounts Receivable) is a term refers to tracking claims, chasing revenue collection, and compiling a record of cash flow. AR is vital for health practices to follow-up the claims submitted and with the insurance companies, for revenue recovery optimization.
The percentage that you will be charged is usually governed by the variable e.g. the types of medical procedures, the tax rate in your state, and the volume of patients. On average it’s 7.9% of the whole accumulated medical revenue. Some companies offer no setup fee but some charge from $250 to one thousand.
- Registration of patient
- Eligibility check
- Patient encounter
- Prepare medical claims
- Medical coding compliance
- Claim scrubbing
- Claim submission
- Payer Adjudication
- Patient’s statements
- Follow-ups
- Payment posting
- Reporting
You need to have a documented proof like a copy of your medical record to show the error and the take it to your financial counselor at the hospital. Furthermore, you need to scan the printout of your bill carefully and check if some items have been doubled and you are charged twice for the services you got because it is the most common error in medical bills.
EMR (Electronic Medical Record) and EHR (Electronic Healthcare Records) is an electronic healthcare software that carries the record of patients’ complete health-related information. EHR functions as a digital system to handle patient visits, storing health records, and connects with ePrescribe and laboratories. EHRs are further capable of integrating patient portals and billing systems.