Uploaded on Apr 10, 2020
Hire us your medical billing service provider. We help you to collect your medical bills. Our medical billing and collection process increase your revenue and reduce reimbursement! Schedule an appointment with us Now! https://www.mgsionline.com/medical-billing-and-collections.html
Medical Billing And Collection Services
Medical Billing And Collection Services www.mgsionline.com Medical Billing and Collection Process STEP 1: Patient Scheduling You want to maximize your care team's productivity and see as many revenue- generating patients as possible www.mgsionline.com 2 FR STEP 2: Patient Registration Patient registration is a complex process that requires a considerable amount of preliminary patient data input, including: Collection of patient demographic information, including personal and contact information www.mgsionline.com 3 STEP 2: Insurance Eligibility Verification The process of obtaining the insurance eligibility verification of a patient is necessary to insure that the patient has coverage, services that are being provided are covered, denials and appeals can be minimized and payments are expedited at the appropriate rates. www.mgsionline.com 4 FR STEP 4: Charge Entry Charge entry is one of the key areas in medical billing. In the medical billing charge entry process, created patient accounts are assigned with the appropriate $ value as per the coding and appropriate fee schedule. The charges entered will determine the reimbursements for physician's service. www.mgsionline.com 5 STEP 5: Claim submission After a billing encounter, the provider gathers all relevant information, intake forms and the proper services documentation and submits the claim for payment. This is a time-consuming and labor intensive process. www.mgsionline.com 6 FR STEP 6: Payment Posting Posting of insurance payments involves logging the payment into the practice management or billing software. Insurance payers typically lump payments together for several claims in one check or electronic funds deposit. This is reflected on the ERA. www.mgsionline.com 7 Thank You. 813 666 0028 [email protected] www.mgsionline.com
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