Medical Billing Payment Process and Claim Cycle

Medical billing is the process of submitting and following up on claims with health insurance companies in order to receive payment for services rendered by a healthcare provider. Medical billing translates a healthcare service into a billing claim. The responsibility of the medical biller in a healthcare facility is to follow the claim to ensure the practice receives reimbursement for the work the providers perform. Knowledgeable billers at Synergy HCLS can optimize revenue performance for the practice.

Importance of Medical Billing Services

What's The Difference Between a Medical Biller and a Medical Coder?

Physician Focus Mainly on Patient Care

It is always a challenge to be a professional doctor and an administrative manager at the same time.

By redirecting its resources from managing complicated billing questions to serving the patients, hospitals can free up staff’s energy and ensure greater returns. These high value activities not only generate more revenue for the center but also help in creating and sustaining a more successful practice with a loyal patient base.

Healthcare professionals thus can be relieved of navigating between payers, regulatory requirements and wholesomely concentrate fully on what they do the best: practicing medicine and treating patients

Reduces Billing Errors

Experienced and well trained medical billers have extensive knowledge on complex claim submission processes.

We at Synergy HCLS make sure that our staff undergo rigorous process training and successfully complete the required quality and domain-driven knowledge assessment. While at work, the medical billers ensure accuracy and submissions in a timely manner.

They not only reduce the number of rejected claims but also review and edit claims for errors before the claim is sent to the payer.

ways to reduce medical billing errors and claims denials
medical billing can save you a significant amount of money and time resulting in a direct improvement to your bottom-line.

Saves Money

Saving money has always been one of the primary drivers behind outsourcing. By outsourcing medical billing, hospitals can save on salaries, training, and benefit costs.

Hospitals also can skip costs on office supply, furniture and the purchase or upgrade of hardware. Many clients opt for specialist vendors to avail high-quality service at lower costs.

Thanks to the flexible pricing models (transaction, percentile, FTE), clients can pick the option that best suits their requirements.

Accelerates Cash Flow

Regardless of the staffing situation, our medical billing outsourcing services allow clients to maintain a consistent cash flow and quicker collection.

Hospitals can achieve greater economies of scale by letting Synergy HCLS do their medical billing quickly.

Improves Patient Satisfaction

The clients can afford to exclusively focus on patient care as the outsourced vendors’ main focus lies in maximizing their revenue.

Our medical billing services make sure that each code gets correct reimbursement quickly, errors are identified swiftly, and denials are followed up rapidly.

Healthcare practitioners, on the other hand, are able to offer excellent customer service to their patients.

Ensures Billing Compliance

Synergy HCLS, a HIPAA compliant healthcare and health plans processing company, offers medical billing and total healthcare outsourcing back office solutions to all sizes of clinics and hospitals across the US.

We always ensure that compliance is deeply integrated in all operations.

It will also supplement these policies and procedures with internal and external audits.

healthcare outsourcing services company offering cost savings up to 40% to doctors, general physicians and medical companies

Why Synergy Healthcare?

Best Medical Billing Companies - The Balance Small Business

– Experienced Medical Billing staff

– Increased first pass rate

– Reduced penalties

– Follow up on claims till revenue is realized

– Tailored integrated solutions for RCM operations

– Flexible Pricing Models

– HIPAA Compliance Measures

– Delivering over 95% accuracy

– Multiple pricing models

Services we offer

– Eligibility Verification and Pre- Authorization- Charge Entry

– Claims Submission

– Patient Billing

– Payment Posting Services
Why is it important to verify insurance eligibility and process precertification before the patient receives medical services?

Billing Software Experience

medical billing Software Systems

Medical Billing Blogs:

best outsourcing medical billing services partner
A Guide To Avoiding Physician Burnout By Outsourcing Medical...

The medical world is a fast-paced one and it’s constantly evolving to provide better treatments…

Surprise Medical Bills Are Ending, but Controversy Continues
Surprise Billing: Everything That Medical Providers...

Balance billing also referred to as surprise billing takes place when a patient tends to receive all…

synergyhcls Revenue Services helps healthcare practices simplify billing and achieve ... areas of the revenue cycle while relieving billing staff burnout.
Know How to Reduce Medical Billing Staff Burnout

With the pandemic bringing everything to a halt, one of the sectors that did not take a break…

Changes in Medical Coding Guidelines for 2022 - synergyhcls
What Are The Latest Medical Billing And Coding Changes...

Medical evolution is inevitable, right from the beginning you might have seen how much the medical…