Tag Archives: Cardiology Billing

Top 3 Practices for Cardiology Medical Billing Services

While hundreds of medical billing companies have been introduced over the years, only a few of them can effectively optimize cardiology billing systems for maximized revenue streams and faster payments. Most established medical billing companies concentrate on various practices such as pediatric billing, OB/GYN billing, and orthopedic billing. However only few offer expertise in cardiology medical billing due to the rich complexities involved with this particular type of billing.cardiology medical billing

We’ve researched many potential providers of cardiology billing services to narrow it down to three companies. Below we provide the firms that offer specialized cardiology medical billing services.

1. Practice Management

Established in the year 1995, Practice Management offers some of the industry’s leading medical billing services with expertise in serving cardiologists. Since then, the firm has been assisting doctors and medical practices to run their ventures more efficiently. Practice Management uses a fee-based model to evaluate billing service fees, but also tailors custom programs for each individual client. This method is based on three factors: payer mix, practice’s volume, and medical specialty.

Practice Management offers comprehensive medical billing services with proficiency in cardiology medical billing services. There are few medical billers with a significant range of medical billing services such as Practice Management. The company offers medical billing services in the following fields: allergy, cardiology, electrophysiology, dermatology, FQHC, ENT, family practice, internal medicine, health center, gastroenterology, OB/GYN, neurosurgery, pediatric, orthopedic, pain management, podiatry, vascular surgery and urology. The venture is also involved with the administration, electronic health records credentialing, billing management and medical billing consulting.

Following all the state and federal laws, Practice Management provides a custom-tailored cardiology billing services made to lower overhead costs and raise reimbursement growth as well as revenue and cash flow. Its cardiology billing system focuses on coding, cardiology billing security credentialing, and procedures (angiography, cardiovascular monitoring, atherectomy, cardiac catheterization, implantable, echocardiography, nuclear studies, evaluations, and stent), consultation and follow-ups. The company’s cardiology billers merge advanced technology with efficient revenue management to provide these services. To learn more about Practice Management’s cardiology medical billing services, click here, or visit the website at MaximizedRevenue.com

2. Billing Paradise

Billing Paradise is a medical billing company which was started in the year 2000. It’s one of the remaining companies providing cost-effective outsourcing remedies to the physicians. It brags of qualified healthcare specialists, professional coders and medical billers who improve collection premiums as well as increasing physician reimbursement.

Billing Paradise provides medical billing solutions in the following fields: cardiology, family practice, dermatology, internal medicine, endocrinology, OB/GYN, urology, gastroenterology, neurology, ophthalmology, rheumatology, optometry, nephrology, pediatric, otolaryngology, surgery, podiatry and physical therapy. Its billing program includes critical processes like claims submission, charge entry, account receivables, a point of contact, customized reports and denials management.

Billing Paradise is well informed with insurance carrier policies which make it offer exemplary cardiology billing services. Besides, it handles patient billing functions, charge postings and reviews and billing inquiry calls. Using a reputable EHR, efficient AMR software and following the correct cardiology billing process, the company ensures its customers (physicians) get paid for the services provided. To learn more, click here.

3. 5-Star Billing Services Inc.

With years of experience in the market,  -Star Billing Services provides professional medical billing and services related to medical practitioners. The company boasts of a proficient team of top cardiology billers with submission system and efficient appeals that raise cash flow lowers denials and cuts down self-billing costs.

5-Star Billing Services focuses in the following areas: cardiology, family practice, dermatology, internal medicine, gastroenterology, mental health, medical billing, occupational therapy, OB/GYN, orthopedics, oncology, ophthalmology, podiatry, pain management, pediatric, sleep medicine, physical therapy, rheumatology, surgery, speech pathology and urology.

5-Star Billing Services believes in account reimbursement and the best practices of medical billing. Its billing system lowers expenses and raises revenue. The business submits claims electronically for the remote access patient’s data. The company manages receivables through coding, AR cardiology tracking, patient relations, client reporting, collections, and managed care contracts and fees analysis.

3 Complex Areas of Medical Billing Worth Outsourcing

Medical billing refers to the process of surrendering insurance claims and looking into them with the intention of receiving payments for services offered by healthcare providers.

With the various complex forms of medical billing and coding, an expert biller can help in improving revenue performance for the health providers. Hence, it is advisable for medical professionals or clinics to outsource such complex areas to experienced medical billing companies or consultants.medical billing outsourcing

Medical billing is an important step in settling health insurance claims for any healthcare institution. The following three areas of medical billing are worth outsourcing because of their complexities. Each of them offers its fair share of hurdles and challenges that require keenness of an expert medical billing specialists.

FQHC Billing

Termed as Federally Qualified Health Center (FQHC) Billing in full, it takes account of physicians’ services, along with those additional services carried out by a physician. Billable visits include face-to-face encounter between physicians and the patients.

FQHC billing covers the services rendered by Physician Assistants (PA), Nurse Practitioners (NP), Visiting Nurses (VN), Certified Nurse Midwife (CNM), Clinical Social Worker (CSW) and Clinical Psychologist (CP). FQHCs can help in executing billing for face-to-face, therapeutically essential visits provided by dentists, chiropractor, optometrist, or podiatrist.

As long as the medical services meet FQHC requirements, the service provided on the list of qualifying visits will guarantee payment. The complexity of FQHC billing is that all the furnished healthcare services must reflect the scope of practice of every state for the practitioner. Furthermore, it necessitates that all HCPCS codes must reveal the practical services furnished in the claim. As a result, many of these health centers opt to outsource their needs via FQHC billing services.

Surgery Billing

medical billing codesSurgery billing ensures that healthcare providers submit an accurate CPT-4 code, which clearly gives a comprehensive account of the surgery done for all the services furnished in the package. Professional billers can help you submit well-defined and accurate claims indicating the exact date of surgery.

Such vital measures take in the dates when the healthcare providers furnish the full global period, which may include surgical care only, postoperative care, or shared postoperative care. Surgery billing has complex processes because the surgery billing department must get in touch with the patients’ insurance company for the verification of their coverage details.

It also helps in obtaining any precertification or authorization for the services rendered by your surgeon. It becomes a challenge if your physician did not provide the billing office with accurate insurance information. Therefore, a dedicated billing company will always help to streamline such mistakes by contacting the patients and the physicians immediately.

Cardiology Billing

When it comes to cardiology, the financial strength of the practice directly correlates to the timely settlements of insurance claims. Outsourcing cardiology billing services to a qualified billing company stands out as one of the vital decisions healthcare providers can make concerning their business practices.

Cardiology billing companies must have the necessary expertise for handling complex procedures offered by its processes and modifiers. Cardiology billing services come with many challenges compared to other specialties because of the sophisticated medical procedures.

The last few years have seen many changes to the billing and coding regulations resulting in fee cutbacks for cardiologists. Therefore, it is necessary to hire cardiology billing experts to carry out billing for cardiologists. They will provide flawless, undeniable billing and coding services to achieve maximum timely settlements for your medical claims and practices.

Outsourcing the above forms of medical billing and coding helps in translating healthcare services quickly into billing claims. In any healthcare facility, medical billers play the vital role of following up the claim to make sure that healthcare providers receive timely payment for their services.