Due to the unique and robust Medical Billing services provider, NEO MD has garnered the top slot in Medical Billing companies in Indiana. Our Medical Billing Services help physicians/providers make their practices more profitable by increasing the patient count, which eventually boosts incoming payments. Whether you run an urgent care facility, a specialty practice, or primary care, our billing and coding services are adaptable.
Being the biggest platform in Indiana, our goal is to provide doctors with the best answers for all of their billing-related issues. We are pleased to share our knowledge with you and assure instant results. With tailored solutions, our technology and experience meet the precise billing demands of physicians.
Our Indiana Medical Billing specialists are accessible in key locations, including Indianapolis, Fort Wayne, Evansville, South Bend, and Gary. Our experts can practically deal with all specializations that give us the top-edge Medical Billing companies in Indiana.
Many of the practices in these cities have been getting their expert Medical Billing, consulting, coding, and practice management services.
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NEO MD Helps Your Practice Meet Indiana Patients’ Needs
Indiana has a significant proportion of families and young adults that require both primary and specialty medical care. Nearly 25% of Indiana’s population is under the age of 18, making pediatrics a particularly crucial concern in our state.
The laws and requirements for reimbursement for medical services, for both private insurance and governmental payers, vary from state to state. The staff at NEO MD has a lot of expertise and keeps up with these regulations state-by-state. To assist you in effectively managing your practice, we, as a top provider in Medical Billing companies in Indiana, concentrate on the details of billing, coding, compliance, and more. With Neo MD, you can focus more on your patients and less on worrying about revenue cycle management for your Indiana medical practice.
Medical Billing Companies in Indiana and Revenue Cycle Management
When it comes to RCM, Medical Billing companies both domestically and internationally utilize it to keep track of patient revenue. It covers everything from the patient’s first visit or encounter with the company until their last bill payments.
Allow NEO MD Medical Billing processes to handle your patient billing cycle in Indiana so you may keep your focus on caring for your patients. From mailing statements to collecting dues in compliance with patient questions, we will ensure the entire process goes smoothly.
Your medical Practice Revenue Cycle Management fate links directly to Medical Billing Companies. Medical practices need sustainable Revenue Cycle Management Services to thrive in the market for a long time. So, it is imperative to outsource your RCM practice to Medical Billing Companies in Indiana with professional and certified coding staff. NEO MD Medical Billing Services in Indiana has doubled the revenue cycle of many practices, earlier running below average rate. A good proportion of our clients belong to Indiana and enjoy our customized Medical Billing services.
Leading medical coding services in Indiana
Correct claim submissions result in prompt payments and fewer claim denials. Even the simplest errors in medical coding cause claim to be denied. You must resubmit the claim as a consequence, which takes time and results in payment delays. Our medical coding services in Indiana will help you improve the financial performance of medical practices. We have a billing experience of more than 15 years which makes us one of the best Medical Billing companies in Indiana.
Accurate Eligibility Verification & Pre-Authorization Services in Indiana
The most crucial step of the Medical Billing process is insurance eligibility verification and Pre-Authorization. The healthcare provider should be aware of the insurance of the patients. For instance, to analyze whether the patient is qualified for the services you are providing. Offering patients services not covered by insurance results in payment holdups and claim denials. In order to increase practice revenue, NEOMDINC. Offers eligibility verification and Pre-Authorization services in Indiana. Additionally, it improves patient satisfaction while saving you time. If you’re thinking about outsourcing your prior authorizations to revenue cycle management companies with qualified prior authorization specialists, we strongly encourage you to look into NEO MD insights.
Account receivable services (Medical Billing Companies in Indiana)
The accounts receivables process ensures that medical practices get payments within a specific time frame, enhances collection rates, and expedites the process of invoices, all of which increase revenue.
The NeoMD medical accounts receivable program resolves the problems that hinder the collection efforts of individual providers. To keep an eye on these accounts, NEO MD has appointed an entire team of AR Executives based in Indiana. As a collector, we only employ qualified professionals to manage Medical Billing procedures.
NEO MD flawless denial management services in Indiana
The revenue cycle involves managing claim denials as an essential component. It also helps in preventing potential revenue losses that might harm your financial cycle. Our specialists concentrate on the causes of rejections and develop preventive strategies to minimize them. If you run a practice in Indiana and are worried about claim denials, speak with our RCM specialists for effective claim denial management. As a result, you may streamline the processes in your practice to increase its productivity and profitability. Contact our team to get better financial results; we are one of the best denial management Medical Billing companies in Indiana.
Credentialing Services in Indiana
Credentialing is the first stage in defining the connection between the practice and the insurance payer. Healthcare providers can enroll with as many payers as possible with the assistance of NEOMDINC. As a result, physicians are able to see more patients. You can attract more patients and boost your revenue with the help of our credentialing services in Indiana. Additionally, you can join insurance companies and receive higher reimbursements.
Medical Billing Audits Services in Indiana
Can you identify the causes of revenue losses? Are you accurate in your Medical Billing and coding? Where is the gap in your revenue? Have you filed any claims twice? What kind of revenue can you expect from resubmitting the denied claims? Get our Medical Billing audit services in Indiana to get the answers to all of these questions and improve the bottom line.
Excellent Services Combined with Outstanding Technology
NEO MD guarantees top-notch billing services for your Indiana practice. We review the process of providing healthcare, identify billing errors, submit accurate claims with precise codes and total transparency, and obtain the highest possible reimbursement for your services in the shortest period. Advancement in technology also plays a vital role in Medical Billing nowadays. The claims are processed online using our integrated system. An automated rule-based scrubber detects errors. You may view and reconcile the exact account situation depending on the circumstances. For visits and payments, patients’ insurance companies can get automated reminders. Moreover, we are the sole outsourcing provider among other Medical Billing companies in Indiana that generate periodical medical and financial reports to analyze practice growth.
Medical Specialties Currently, we are dealing in Indiana
We are effectively providing the Medical Billing and coding services in Indiana for the below-listed specialties. But we are not limited to;
What Makes NEO MD the Best Indiana Medical Billing Services Company?
NeoMD stood best among competitors Medical Billing companies in Indiana due to the following cores;
Improve RCM system efficiency with a robust credentialing team.
Our experts work hard to reduce your front-end denials by 20%.
Refunds adjustment and Payment posting to improve the cash flow.
Offer internal audits to uncover loopholes
Increase the accuracy of fees and collection.
Offer Services that are easily scalable at all times.
Out of Network Negotiations.
Provide fortnightly financial and practice overviews.
Provide Medical Billing and collection services that are of high quality and error-free.
Use the latest technology and tools.
We have consistently increased the collection rate for our clients because of the faster processing of accounts receivable and on-time follow-up.
How do I choose a medical billing company?
There are 7 Things to consider, Before Starting or Choosing a Medical Billing Company; § Service Cost & the Average Time for Receivables. … § Reduction of Administration Tasks. … § Number of Practice Management Systems. … § Their References. … § HIPAA-Compliant Companies. … § Presence of Transparency. § Services Provided and Not Provided.
Is balance billing legal in Indiana?
Yes. The balance billing of non-emergency care by an out-of-network facility is not currently prohibited by law.
What is third party medical billing?
A third-party company that has been hired to handle payments and claims for a medical facility basically provides third-party medical billing services. These companies may specialize in one or more categories of medical claims, which offers their team specialized knowledge in managing the finer points of certain situations.
What is RCM in medical billing?
Revenue cycle management (RCM) is the financial procedure that healthcare facilities employ to track patient care episodes from registration and appointment scheduling through the final payment of a debt, and it makes use of medical billing software.