Medical billing can be an extremely complicated process. This is why many healthcare institutions and providers hire an offshore company to handle their medical billing, in efforts to improve their accounts receivables and cash flow. There are some very reliable medical billing companies in India. The best ones have over 16 years of experience. They are ISO-certified, SSAE16-certified, are certified members of the HBMA (Healthcare Business Management Association), and comply with all applicable regulations (such as the latest HIPAA rules). They provide end to end medical billing services, including denial management, coding services, medical records indexing, insurance eligibility verification, and other services like Physician Credentialing, data conversion etc.
A good medical billing company makes use of a highly-effective ECARE program which stands for Efficient Cash Acceleration and Revenue Enhancement Program. It focuses on enabling faster cash flows by ensuring shorter claim submission turnaround and identifying unpaid insurance claims and getting them approved. It is important to note that healthcare institutions, organizations, and medical practitioners lose a huge amount of reimbursement annually because of underpaid, unpaid, or delayed insurance claims caused by coding errors and lack of follow up. A good medical billing company ensures that coding errors are corrected and that denied claims are followed up until they are collected.
Hiring an overseas medical billing company means saving time, energy, and more importantly, money. The transition is hassle-free because a good company have expertise in using various advanced medical billing software such as Kareo, eCW, Lytec, Medisoft, GE Healthcare, Greenway etc. They also have expertise in 25 different major medical specialties, which means that they can take on new project anytime. The time difference between India and United States also helps because it gives the medical billing company a one-day lead when it comes to processing claims. The best firms are fully HIPAA complaint and have every measures for PHI protection and has disaster recovery centers that promise business continuity.