With the surge of medical needs in the medical billing processes, New York physicians are looking forward to hiring medical billing professionals to manage their increasing numbers of billing documentation. They also observe that in maintaining these coding and billing experts they might have to invest a big amount in maintaining and hiring these billers and coders, but they also discern that they are worth the cost.
With this, the medical billing industry has witnessed an increasing demand for medical billing and coders by medical practitioners and medical facilities.
A great medical billing and coding expert having experience in medical coding helps practices in ensuring that their patients’ information is utilized secretly and securely.
They help medical practitioners in protecting patients’ sensitive information, provide steadiness in revenue collection, eliminate bill filing backlogs, and minimize the interruptions in cash collection which often happen due to the absence of skilled staff.
In addition, professional medical billing service providers provide you assistance in;
- Quicker bill filing, as they are focused on billing and coding instead of multitasking
- Increasing medical practice revenue cycle
- Keeping follow up for the rejected and delayed claims
- Utilization of coding in better consultation for the revenue increments
- Adopting medical billing techniques in order to submit and file claims according to approved standards lessens the denial rate.
The need for medical billing and coding services is swelling in New York city compared to the last few years. However, procurement of the coders and billers has become increasingly challenging in expensive states like New York.
According to the United States Bureau of Statistics, there will be a huge demand in the coming years of medical billers and coders not only in New York but across the US. Since New York already has an increasing number of medical billers in the city, you can locate a professional biller in almost all the cities in the state.
Medical billers on the other hand need to meet the requirements set by the state and the federal government. With the federal changes often occurring in the medical coding industry, they need to be familiarized with the process and the coding changes that keep happening every now and then.
If not, there is a high chance that the lack of billing information and the wrong input of codes increase the denials. Once the denial rate increases., the resubmission of the claims and the implementation of corrections manually delays the process. Eventually, medical practices face challenges in building the revenue cycle.
This is why no matter if you work in NY or any other state as a medical billing and coding company, it is a must to be informed about the federal and state changes to the billing and coding techniques and the amendments that continuously happen.
The federal; and state government manages to do the amendments in the coding and documenting to make it easy for the practitioners and the patients to track their medical and health levels so they can be reimbursed in an effective way which ultimately reduces the effort of physicians and the billers and coders to help practices better and then it saves the cost of billing down the road.
The effort of reducing the healthcare cost is appreciated by the medical practitioners widely. Additionally, letting the professional coders and the billers take over your billing hassles can eventually increase the chance of getting revenue of 20% extra.
Besides, insurance follow-up timely, accurate code audit and coding, and appropriate account receivables are some of the promises that medical billers guarantee to raise the profitability of your practice. The experience and the certification in handling the medical billing process is the key that helps your revenue to grow in continuity.
Here is the list of top-notch medical billing service companies in New York
Medical Billing Service Company In New York
- Sybrid Medical Billing Services
The company is working in the niche for years and has been regarded as the most reliable and trustworthy company in the state.
- Billing Geeks
Billing Geeks has been serving the nation since 2001 and has become a professional medical billing service in its early developing days.
- Medical Billing Services of metro NY
The company promises to deliver the following services with guaranteed results.
- Revenue reporting system
- All payor billing
- Electronic billing
- Credentialing
- Payment tracking
- A/R Management
- Complete Follow up
- Front desk staff training
- Monthly payment statements
Need anything else? Medical Billing Services of Metro New York has your back.
- Technical Advantage services
Technical Advantage Medical billing service has been in the industry since 1993. They specialize in the services that include medical billing, coding, credentialing, filing claims, and audit and coding services. They also offer stand-alone and full-time services to private physicians and hospitals according to their needs.
- FM Physician Billing
FM publishing has billing experience of more than 30 years in the field. With this, they guarantee the revenue of the healthcare facility as much as possible. Along with this, the execution of the resources and the coding patterns of the billing services providers remain error-free which helps practitioners to maintain their billing needs.
The complete suite of services by FM billing services includes;
- Daily payment posting;
- Daily charge entry;
- Insurance appeal management;
- Monthly patient statements;
- Denial management;
- Monthly revenue reporting;
- Credentialing;
- Front Desk Staff Training;
- Treatment Plan Payment Analysis;
- Payment Tracking and Soft Collections
- MedEx Medical service
The spectrum of the MedEx medical service includes;
- Patient statements;
- Government, commercial and private billing;
- Electronic and paper claim submission;
- Сustomized reports;
- Denied claim management;
- Payment posting;
- Revenue cycle management;
- Claim management;
- Accounts receivable management.
- Patient inquiry management