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
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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
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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.
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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.
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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.
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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.
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Thank You.
813 666 0028
[email protected]
www.mgsionline.com
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