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Is Your Hospital Profitable?
Inaccurate claims, aging accounts receivable, hospital billing and shortage of in-house staff are the most recurring issues in healthcare organizations. Dealing with such administrative problems can cause overhead expenses, putting your profit on the declining graph. With financial prosperity, you can expect to treat your patients efficiently. Scaling is a far cry; survival becomes difficult if your hospital medical billing process is unstructured and ineffective.
Maintaining a thriving hospital is a challenging task and being physical, you will find it difficult to deal with business and marketing aspects. In order to provide better patient care, you should outsource the business routine activities to specialists in this area and focus on practicing your core strength.
Eligibility Verification
 We’ll verify the eligibility of the patient for hospital benefits under their insurance plan.
Correct Charge Entry
Our expert team submits accurate payment details and data regarding the demographics of the patient.
Denial Analysis & Collection
We analyze rejected claims meticulously to resubmit them for maximum revenue collection.
Out-of-Network Negotiation
We lessen the financial loss of your practice with our excellent out-of-network negotiation services.
EHR Technology
Our expert team can work with the latest EHR technology for secure data transmission of your patients
A/R Follow-up
Our A/R recovery services are a notch above the rest and guarantees 10-15% increase in your cash flow.
We Can Scale Your Business!
Medmax Technologies has excellent talent and resources to tackle your hospital billing with the utmost efficiency. We take pride in serving hundreds of clients all over the USA for over a decade. We keep ourselves updated with the latest hospital billing and coding changes and government regulations. This leads to the accuracy and precision required to carry out a smooth revenue cycle management for a thriving practice like yours.Â
So, what are you waiting for? Get in touch with us so that we can produce a custom-tailored solution for your hospital. We bet you will be satisfied by our services and see a noticeable but positive difference in your revenue cycle.
| If billing percentage is 2.99% | if billing percentage is 3.99% | if billing percentage is 4.99% | if billing percentage is 5.99% | ||||
|---|---|---|---|---|---|---|---|
| Referral Pro 6% | Referral Ultimate 4% | Referral Pro 6% | Referral Ultimate 4% | Referral Pro 6% | Referral Ultimate 4% | Referral Pro 6% | Referral Ultimate 4% |
FAQ's
It includes the creation of medical claims for the in-patient and out-patient services rendered by hospitals.
The process of billing in hospitals flows like this: Registration, establishing financial responsibility, check-in and check-out of the patient, ensuring medical coding and billing compliance, preparing and submitting claims, generating payment bills, etc.
USA healthcare system uses three types of coding systems:
There are three types of medical billing codes used in the U.S. healthcare system: ICD – International Classification of Diseases, CPT- Current Procedural Terminology (CPT), and HCPCS- Healthcare Common Procedure Coding system.
Hospitals use the EHR (Electronic Health Records) system for keeping the PHI of the patients safe and secure.
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