Medical professionals in the pediatric field can benefit enormously from hiring an specialized billing company. Financial work is sometimes better outsourced to companies that know what they are doing and have done it for several years.
Hiring these types of services will allow you to focus on your profession as a pediatrician at the same time you improve your revenue and cash-flow. Here are 3 medical billing companies that specialize in pediatric billing:
1. Practice Management
At the top of our list of proficient pediatric billing providers, Practice Management has offered cost effective medical billing and coding solutions for medical professionals for many years now. Some of the pediatric medical billing services you can outsource with them include:
- CPT and billing code reviews, especially for codes that are old and might have become obsolete
- Software management services. This includes installing, setting up, and running novel analytical systems
- Handling both patient’s registrations and the procedures involved
- Follow-up on Claims until they are cleared out
- Revenue Cycle Management
- Medical billing and coding requirements for the following pediatric procedures: hearing screening, newborn care, vision screening, preventive services in medicine, laboratory and developmental behavioral screening.
The extensive experience that Practice Management has achieved in the industry has allowed them to gain an unparalleled reputation. Optimization of pediatric billing and coding practices can be easily done when hiring Practice Management for pediatric billing.
Another experienced company in this list, AdvancedMD also focuses on attending pediatricians’ billing and coding needs and requirements. It provides efficient services following top quality standards. Some of its services include:
- Submitting transactions to clearing house
- Maximizing clients’ revenue cycle management
- CPT code decoding, especially difficult cases
- Patient scheduling
- Verification of details
- Processing insurances
- Financial consultations
AdvancedMD also offers financial advice along with billing and coding services for pediatricians. The software they use is powerful and they are ethical and transparent in their services. The company prides itself on its efficiency on solving financial issues. They also have apps available to improve your medical practice including the AdvanceMobileDoc and the AdvancedEHR apps.
Last but not least, CureMD’s priority is helping pediatricians solve their billing and coding issues fast. According to a survey, all of CureMD clients stated that hiring them was a long-term plan which testifies to CureMD’s reliable solutions. Some of their services include:
- A billing manager that assess and monitors your Revenue Cycle Management
- An implementation manager that takes care of processes and follow-ups
- Complete financial reports created by state-of-art software
- Insurance policy and patient statements’ management
- Management of new code sequences
- Decoding difficult codes
They also guarantee the following to their clients:
- 20% collections increase in first months
- 96% of claims will be paid upon first submission
- A/R days dramatically reduced
- Handling of ICD-10 so no or little disruption is made
- Transparent services where you will be able to see where every penny is going
Medical professionals such as pediatricians are earning thousands of dollars each day. It is of utmost importance that the money is received and it’s not lost in a faulty billing and coding process. With any of the three billing companies you can rest assure that your billing and coding needs will be fulfilled in the most appropriate manner. The purpose of hiring a medical billing company that specializes in pediatric billing is to save you money in the long run.